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Redesigned mip
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<blockquote data-quote="onetoofar" data-source="post: 51952"><p>Proups:"OneToofar: all of the UPS millionaires were in your position when they first went into management and they took the risk of investing into a company where they could make a difference by their efforts. That has not changed with UPS going public. Those millionaires put their money where their mouth was - and got results. That is what the MIP plan has to be with a publicly traded stock" </p><p> </p><p>I think you missed my point entirely. </p><p>1. Young managers "back then" never had to deal with a volatile stock price when considering hypo. Never. </p><p>2. My efforts no longer make a direct impact on the MIP given out. The MIP is awarded on how well a group of people guessed we would do on several elements. I personally saved the company $4M last year; this year I'm up to $3 already. That money does not go into the MIP pool anymore. </p><p>3. I still believe in this company. I still think I can make a difference but I'm upset at the end of partnership this MIP change forced. I am constructively dissatisfied. </p><p>4. UPS stock did NOT grow at 10%. The stock price from 1 year ago today is less than $1 difference.</p></blockquote><p></p>
[QUOTE="onetoofar, post: 51952"] Proups:"OneToofar: all of the UPS millionaires were in your position when they first went into management and they took the risk of investing into a company where they could make a difference by their efforts. That has not changed with UPS going public. Those millionaires put their money where their mouth was - and got results. That is what the MIP plan has to be with a publicly traded stock" I think you missed my point entirely. 1. Young managers "back then" never had to deal with a volatile stock price when considering hypo. Never. 2. My efforts no longer make a direct impact on the MIP given out. The MIP is awarded on how well a group of people guessed we would do on several elements. I personally saved the company $4M last year; this year I'm up to $3 already. That money does not go into the MIP pool anymore. 3. I still believe in this company. I still think I can make a difference but I'm upset at the end of partnership this MIP change forced. I am constructively dissatisfied. 4. UPS stock did NOT grow at 10%. The stock price from 1 year ago today is less than $1 difference. [/QUOTE]
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