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Where is this company headed?????
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<blockquote data-quote="pretzel_man" data-source="post: 508306" data-attributes="member: 927"><p>I also wish we would have stayed private, but let me clarify some of your statements.</p><p> </p><p>Stock bonus - 1/2 of the stock incentive is given out over 5 years. 20% in the first year, 20% second year, etc. This was good for the employee if they stayed at UPS and the stock went up. If they left the company or if stock went down, they lost out. </p><p> </p><p>Management downsizing - No management layoffs have occurred that I'm aware of. About 1500 management people are on the "bench". The current plan is for attrition to reduce the excess.</p><p> </p><p>Personally, I doubt that we would have changed the stock if we stayed private. That made our books look better for five years. </p><p> </p><p>I do not think the management downsizing has anything to do with going public. We did this as a private company too. In the mid 1990's, Jim Kelly (before he was CEO) made it clear that we needed less positions and the remaining management had to be a new breed. The "BS" is no different today than in the mid 90's (or mid 80's for that matter).</p><p> </p><p>P-Man</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 508306, member: 927"] I also wish we would have stayed private, but let me clarify some of your statements. Stock bonus - 1/2 of the stock incentive is given out over 5 years. 20% in the first year, 20% second year, etc. This was good for the employee if they stayed at UPS and the stock went up. If they left the company or if stock went down, they lost out. Management downsizing - No management layoffs have occurred that I'm aware of. About 1500 management people are on the "bench". The current plan is for attrition to reduce the excess. Personally, I doubt that we would have changed the stock if we stayed private. That made our books look better for five years. I do not think the management downsizing has anything to do with going public. We did this as a private company too. In the mid 1990's, Jim Kelly (before he was CEO) made it clear that we needed less positions and the remaining management had to be a new breed. The "BS" is no different today than in the mid 90's (or mid 80's for that matter). P-Man [/QUOTE]
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