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UPS Partners
UPS mismanagement....
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<blockquote data-quote="Yankfan" data-source="post: 1246699" data-attributes="member: 47932"><p>I know this goes back a couple of pages but are you kidding me? How could anyone be pleasantly surprised by a below average MIP in a year when the company had record profits (before non-recurring write-downs). Before the "enhancement" that changed the MIP formula to "better align our goals", 15% of profits were earmarked for MIP. No funny business, just a straightup, easy to follow formula. Last year the company spoke about record profits out of 1 side of its mouth and then spoke about not meeting goals and a below average MIP out the other side of its mouth.</p><p> </p><p>This year will be something like this...."Although we experienced a significant volume increase during the 4th quarter, there were factors that eroded our profitability. Weather, refunds and poor execusion of operating plans contributed to us falling short of our plan. These factors lead to this years below average MIP. We look to get back on track in 2014"</p></blockquote><p></p>
[QUOTE="Yankfan, post: 1246699, member: 47932"] I know this goes back a couple of pages but are you kidding me? How could anyone be pleasantly surprised by a below average MIP in a year when the company had record profits (before non-recurring write-downs). Before the "enhancement" that changed the MIP formula to "better align our goals", 15% of profits were earmarked for MIP. No funny business, just a straightup, easy to follow formula. Last year the company spoke about record profits out of 1 side of its mouth and then spoke about not meeting goals and a below average MIP out the other side of its mouth. This year will be something like this...."Although we experienced a significant volume increase during the 4th quarter, there were factors that eroded our profitability. Weather, refunds and poor execusion of operating plans contributed to us falling short of our plan. These factors lead to this years below average MIP. We look to get back on track in 2014" [/QUOTE]
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