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Should we Expect any Major Changes at UPS Beginning June 1st?
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<blockquote data-quote="35years" data-source="post: 4512150" data-attributes="member: 60822"><p>UPS (NYSE: UPS) <a href="https://www.sec.gov/ix?doc=/Archives/edgar/data/1090727/000109072720000010/ups-20200311.htm" target="_blank">reported March 13</a> it will pay Tomé an annual base salary of $1,250,000 ($104,167 per month); an Management Incentive Program target award valued at 165% of her base salary, which for 2020 will be prorated and payable in vested Class A common stock; an Long-Term Incentive Performance program target award valued at 735% of her base salary; and stock option grant valued at 90% of her base salary. (Read Tomé's offer letter <a href="https://www.sec.gov/Archives/edgar/data/1090727/000109072720000010/exhibit101-offerofempl.htm" target="_blank">here</a>.)</p><p></p><p>She will be eligible for 30 vacation days and five personal days per year.</p><p></p><p>That looks like about $13 million total. Not bad for a newbie.</p><p></p><p>Do you feel overcompensated?</p><p></p><p>I wonder how much she make being on the boards of other corporations.</p><p></p><p>Meet the new boss</p><p>Same as the old boss</p><p>Won't get fooled again, oh no, oh no, no</p><p>Don't get fooled again, no, no</p><p></p><p>To do list for our new CEO:</p><p>-Talk about team building, diversity, strategic partnerships using vague mumbo jumbo so no one can tell you have no idea what you are doing.</p><p>-Don't rock the boat so you can ride the gravy train for 5 or more years.</p><p>- Sign that little contract in blood with the guy with the horns.</p><p></p><p>But seriously unless she is one in a thousand, no change is likely.</p></blockquote><p></p>
[QUOTE="35years, post: 4512150, member: 60822"] UPS (NYSE: UPS) [URL='https://www.sec.gov/ix?doc=/Archives/edgar/data/1090727/000109072720000010/ups-20200311.htm']reported March 13[/URL] it will pay Tomé an annual base salary of $1,250,000 ($104,167 per month); an Management Incentive Program target award valued at 165% of her base salary, which for 2020 will be prorated and payable in vested Class A common stock; an Long-Term Incentive Performance program target award valued at 735% of her base salary; and stock option grant valued at 90% of her base salary. (Read Tomé's offer letter [URL='https://www.sec.gov/Archives/edgar/data/1090727/000109072720000010/exhibit101-offerofempl.htm']here[/URL].) She will be eligible for 30 vacation days and five personal days per year. That looks like about $13 million total. Not bad for a newbie. Do you feel overcompensated? I wonder how much she make being on the boards of other corporations. Meet the new boss Same as the old boss Won't get fooled again, oh no, oh no, no Don't get fooled again, no, no To do list for our new CEO: -Talk about team building, diversity, strategic partnerships using vague mumbo jumbo so no one can tell you have no idea what you are doing. -Don't rock the boat so you can ride the gravy train for 5 or more years. - Sign that little contract in blood with the guy with the horns. But seriously unless she is one in a thousand, no change is likely. [/QUOTE]
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Should we Expect any Major Changes at UPS Beginning June 1st?
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