SignificantOwner
A Package Center Manager
As shareowners we have a say in how the company is run, so vote your shares.
Remember to always vote no on shareowner proposals.
Remember to always vote no on shareowner proposals.
Vote Your Shares
- Thread starter SignificantOwner
- Start date
F
FrigidAdCorrector
Guest
I wish we could vote "No" on the micromanagement from people so far removed from Operations it's comical.
brownmonster
Man of Great Wisdom
Just like we have a say in how the country is run by voting.
Coldworld
60 months and counting
I thought most of the Stock is owned by upsers and mgt....So How Much Is Actually Owned By Outside shareholder?
upschuck
Well-Known Member
UPS management could own less than 10% of stock and still control all votes because of the 10-1 voting rights ratio between class A and Class B stock.
Coldworld
60 months and counting
Thanks for the clarification. .
As of December 2013, 23% of shares were Class A, 77% were Class B. I'm sure by today, the percent of Class B shares has increased.
SignificantOwner
A Package Center Manager
Ownership doesn't equal control. The 23% of class A shares make up 75% of the voting power. Seems like B shares would be worth more if they had voting power.
Doesn't A shares = 10 votes? B shares = 1?
UpstateNYUPSer(Ret)
Well-Known Member
Would you want outsiders, worried only about stock performance and dividends, controlling the direction of the company?
That's all the current "inside"share holders worry about.
SignificantOwner
A Package Center Manager
Your contention is that we as employees have received a financial benefit as a result of the A/B share structure?
Sure. We take all the money from outsiders buying our shares. And ive them no voice.
SignificantOwner
A Package Center Manager
We'd probably be better off if they had a voice.
UpstateNYUPSer(Ret)
Well-Known Member
My contention is that I would prefer UPSers looking out for my interests rather than an investor more concerned with his portfolio.
Something needs turned around. Its hard to believe we make a profit with all the nonsense going on here.
Thankfully online shopping has grown and has helped save us.
While I agree with the OP on the need to vote, ultimately read the ballot and make sure that you understand what's on there.
Not all of the proposals from Share owners are a bad thing. The only one that is a concern is the Class A Share voting, which keeps coming up. At the end of the day we need to keep the 10 votes, which is why the effort is out there to "Vote Your Shares". The other proposals when you read them, aren't all bad.
I would also encourage you to read the BoD bios. You don't necessarily have to vote for every Board of Director and it sends a message if enough people vote "NO" on specific ones.
Not all of the proposals from Share owners are a bad thing. The only one that is a concern is the Class A Share voting, which keeps coming up. At the end of the day we need to keep the 10 votes, which is why the effort is out there to "Vote Your Shares". The other proposals when you read them, aren't all bad.
I would also encourage you to read the BoD bios. You don't necessarily have to vote for every Board of Director and it sends a message if enough people vote "NO" on specific ones.
SignificantOwner
A Package Center Manager
My encouragement to vote shares was tongue in cheek. To my knowledge the BOD has never recommended a yes vote on a shareholder proposal. I find it humorous that they want our rubber stamp votes but don't really want any input.
brownmonster
Man of Great Wisdom
Non of us are Carl Icahn.
Similar threads
