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UPS Partners
UPSPAC & United Way 2012
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<blockquote data-quote="pretzel_man" data-source="post: 1035996" data-attributes="member: 927"><p>I do not see the point you are making as being hypocritical. The management committee is supposed to balance the needs of multiple constituents. Of course shareowners are an important one of those. They decided that the best course of action is to eliminate raises for a year and change some other programs.</p><p></p><p>If these moves are good for shareowners, then management being shareowners is also helped from that perspective. Asking for UPSPAC contributions is also supposed to help shareowners. It is not contradictory.</p><p></p><p>Now, on the other hand..... I do think it hypocritical that they gave themselves significant raises.... I think they should have cut their pay during the crisis to show leadership. I do see hypocrisy in some things they do, but not in the area you mention.</p><p></p><p>In UPS' history, when their was a significant issue management has always been affected. Long before we were public, there were reduction in programs, stock dividends instead of cash, and many quarters of zero stock growth..... </p><p></p><p>The concept is supposed to be that managment are employees, managers, AND owners of the company. They are supposed to think and act as owners. Some do NOT think that way and unfortunately much of that can be seen on this board.</p><p></p><p>Maybe we need an additional tier in managmenet. A person who is just a managment employee. They would be treated more like an hourly and we would make sure to NOT reduce their benefits. Other companies do this.</p><p></p><p>Of course, they would not get MIP. That way they can't complain about decisions that are good for shareowners.</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 1035996, member: 927"] I do not see the point you are making as being hypocritical. The management committee is supposed to balance the needs of multiple constituents. Of course shareowners are an important one of those. They decided that the best course of action is to eliminate raises for a year and change some other programs. If these moves are good for shareowners, then management being shareowners is also helped from that perspective. Asking for UPSPAC contributions is also supposed to help shareowners. It is not contradictory. Now, on the other hand..... I do think it hypocritical that they gave themselves significant raises.... I think they should have cut their pay during the crisis to show leadership. I do see hypocrisy in some things they do, but not in the area you mention. In UPS' history, when their was a significant issue management has always been affected. Long before we were public, there were reduction in programs, stock dividends instead of cash, and many quarters of zero stock growth..... The concept is supposed to be that managment are employees, managers, AND owners of the company. They are supposed to think and act as owners. Some do NOT think that way and unfortunately much of that can be seen on this board. Maybe we need an additional tier in managmenet. A person who is just a managment employee. They would be treated more like an hourly and we would make sure to NOT reduce their benefits. Other companies do this. Of course, they would not get MIP. That way they can't complain about decisions that are good for shareowners. [/QUOTE]
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