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Redesigned mip
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<blockquote data-quote="pretzel_man" data-source="post: 51950"><p>OneTooFar: </p><p> </p><p>As one of those "old time" managers, I'd like a chance to respond to your concerns: </p><p> </p><p>1) Yes, the stock price used to be much less volitile. Hypo was much more safe. True. On the other hand, the reason for the safe stock price was that the company kept growing. </p><p> </p><p>2) So, you have no impact on the six initiatives the management commitee spelled out? They laid out initiatives that are geared toward growth, capability, and cost reduction. </p><p> </p><p>3) You have a right to be constructively dissatisfied. I believe in the company too. Not sure how long you've been around, but after a while, you learn that the few new shares you get or don't get are dwarfed by the growth (or lack of growth) in the shares you already have. Isn't that the way it should be? I think the change is geared toward growing company value rather than keeping the status quo. </p><p> </p><p>4) Yep, the stock did not grow. And so, that is my point. Lets work on growing the stock. If profits do not grow in 2005, do we deserve "high fives" at the end of the year and a 2.4 MIP? </p><p> </p><p>Seems like we really need to focus on the six initiatives. </p><p> </p><p>BTW, when I was a young Sup, stock had lean times, and a 2.0 or 2.4 MIP was very, very high. </p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 51950"] OneTooFar: As one of those "old time" managers, I'd like a chance to respond to your concerns: 1) Yes, the stock price used to be much less volitile. Hypo was much more safe. True. On the other hand, the reason for the safe stock price was that the company kept growing. 2) So, you have no impact on the six initiatives the management commitee spelled out? They laid out initiatives that are geared toward growth, capability, and cost reduction. 3) You have a right to be constructively dissatisfied. I believe in the company too. Not sure how long you've been around, but after a while, you learn that the few new shares you get or don't get are dwarfed by the growth (or lack of growth) in the shares you already have. Isn't that the way it should be? I think the change is geared toward growing company value rather than keeping the status quo. 4) Yep, the stock did not grow. And so, that is my point. Lets work on growing the stock. If profits do not grow in 2005, do we deserve "high fives" at the end of the year and a 2.4 MIP? Seems like we really need to focus on the six initiatives. BTW, when I was a young Sup, stock had lean times, and a 2.0 or 2.4 MIP was very, very high. P-Man [/QUOTE]
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