Brownretiree said:UPS 2006 Long-Term Incentive Performance Awards
If you ever wonder why management is so intense about "making the numbers", the performance awards could be a big part of it. In a SEC filing, Jan. 13, 2006, the company described the awards:
"Under the Plan, restricted stock units ("RSUs") representing shares of class A common stock will be awarded to executive officers, officers and certain other eligible managers pursuant to a RSU award agreement. Target RSU award grants will range in size from 50%-250% of annual salary."
Taken from http://www.homestead.com/PUPSInc/Harassment.html
Performance awards that start at 50% of annual salary????