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UPS to freeze pension plans for nonunion staffers
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<blockquote data-quote="35years" data-source="post: 2941717" data-attributes="member: 60822"><p>UPS ups CEO compensation again in 2016 | News | American Shipper</p><p><span style="font-size: 22px"><strong> 2016</strong></span></p><p><span style="font-size: 18px"><strong>UPS Inc. Chief Executive Officer David Abney’s pay grew another 21 percent for the year after a 35 percent raise in 2015... Overall, Abney’s compensation for the year grew to $13.7 million </strong></span></p><p><span style="font-size: 18px"></span></p><p> In addition, the company gave raises to Chief Financial Officer Richard N. Peretz, Chief Commercial Officer Alan Gershenhorn, UPS International President James J. Barber, Jr., and President of U.S. Operations Myron A. Gray "in order to improve the competitiveness of UPS executive compensation,” it said in the Form 14A filing.</p><p> UPS in January posted disappointing fourth quarter and full-year 2016 results, reporting a a net loss of $239 million ($0.27 per share) for the quarter. For the full year in 2016, UPS saw net income tumble 29.2 percent year-over-year to $3.4 billion on revenues that grew 4.4 percent to $60.9 billion.</p><p></p><p>Compensation Information for James J. Barber Jr., President, UPS International of UNITED PARCEL SERVICE INC | Salary.com</p><p>As President, UPS International at UNITED PARCEL SERVICE INC, <strong>James J. Barber Jr. made $3,817,779</strong> in total compensation. Of this total $500,706 was received as a salary, $158,384 was received as a bonus,$251,731 was received in stock options, $2,879,564 was awarded as stock and $27,394 came from other types of compensation</p><p></p><p>As Chief Financial Officer at UNITED PARCEL SERVICE INC, <strong>Richard N. Peretz made $3,666,533 in total compensation.</strong> Of this total $485,070 was received as a salary, $146,034 was received as a bonus, $246,812was received in stock options, $2,766,672 was awarded as stock and $21,945 came from other types of compensation.</p><p></p><p>As Chief Commercial Officer at UNITED PARCEL SERVICE INC, <strong>Alan Gershenhorn made $4,588,528 in total compensation.</strong> Of this total $565,956 was received as a salary, $183,731 was received as a bonus, $276,065was received in stock options, $3,530,073 was awarded as stock and $32,703 came from other types of compensation.</p><p></p><p>As President, U.S. Operations at UNITED PARCEL SERVICE INC, <strong>Myron A. Gray made $3,939,326 in total compensation.</strong> Of this total $514,509 was received as a salary, $148,495 was received as a bonus, $256,182was received in stock options, $2,979,788 was awarded as stock and $40,352 came from other types of compensation.</p></blockquote><p></p>
[QUOTE="35years, post: 2941717, member: 60822"] UPS ups CEO compensation again in 2016 | News | American Shipper [SIZE=6][B] 2016[/B][/SIZE] [SIZE=5][B]UPS Inc. Chief Executive Officer David Abney’s pay grew another 21 percent for the year after a 35 percent raise in 2015... Overall, Abney’s compensation for the year grew to $13.7 million [/B] [/SIZE] In addition, the company gave raises to Chief Financial Officer Richard N. Peretz, Chief Commercial Officer Alan Gershenhorn, UPS International President James J. Barber, Jr., and President of U.S. Operations Myron A. Gray "in order to improve the competitiveness of UPS executive compensation,” it said in the Form 14A filing. UPS in January posted disappointing fourth quarter and full-year 2016 results, reporting a a net loss of $239 million ($0.27 per share) for the quarter. For the full year in 2016, UPS saw net income tumble 29.2 percent year-over-year to $3.4 billion on revenues that grew 4.4 percent to $60.9 billion. Compensation Information for James J. Barber Jr., President, UPS International of UNITED PARCEL SERVICE INC | Salary.com As President, UPS International at UNITED PARCEL SERVICE INC, [B]James J. Barber Jr. made $3,817,779[/B] in total compensation. Of this total $500,706 was received as a salary, $158,384 was received as a bonus,$251,731 was received in stock options, $2,879,564 was awarded as stock and $27,394 came from other types of compensation As Chief Financial Officer at UNITED PARCEL SERVICE INC, [B]Richard N. Peretz made $3,666,533 in total compensation.[/B] Of this total $485,070 was received as a salary, $146,034 was received as a bonus, $246,812was received in stock options, $2,766,672 was awarded as stock and $21,945 came from other types of compensation. As Chief Commercial Officer at UNITED PARCEL SERVICE INC, [B]Alan Gershenhorn made $4,588,528 in total compensation.[/B] Of this total $565,956 was received as a salary, $183,731 was received as a bonus, $276,065was received in stock options, $3,530,073 was awarded as stock and $32,703 came from other types of compensation. As President, U.S. Operations at UNITED PARCEL SERVICE INC, [B]Myron A. Gray made $3,939,326 in total compensation.[/B] Of this total $514,509 was received as a salary, $148,495 was received as a bonus, $256,182was received in stock options, $2,979,788 was awarded as stock and $40,352 came from other types of compensation. [/QUOTE]
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