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Brown Cafe UPS Forum
UPS Union Issues
Would you take concessions?
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<blockquote data-quote="mamirk69" data-source="post: 854445" data-attributes="member: 34893"><p>Davis receives Stock Appreciation Rights better known as SARS in the accounting community meaning Scott does not pay a dime for any of those stocks Scott receives compared to stock options that are stock bought at a discounted price. The amount of money Scott receives does not off set his taxes on any stock redeemed because Scott never purchased the stock on already taxed dollars. For example I pay $40 dollars for stock and it rises to $60 well I only pay taxes on the $20 difference because the notion is the 40 dollars was probably taxed before purchase from my payroll check. So Scott is heavily compensated with stock and that in turns motivate Scott to get the most out of us UPSers at a low cost thus working us into the ground with limited resources in order to increase the bottom line and of course drive stock prices up so he can make even more money.</p></blockquote><p></p>
[QUOTE="mamirk69, post: 854445, member: 34893"] Davis receives Stock Appreciation Rights better known as SARS in the accounting community meaning Scott does not pay a dime for any of those stocks Scott receives compared to stock options that are stock bought at a discounted price. The amount of money Scott receives does not off set his taxes on any stock redeemed because Scott never purchased the stock on already taxed dollars. For example I pay $40 dollars for stock and it rises to $60 well I only pay taxes on the $20 difference because the notion is the 40 dollars was probably taxed before purchase from my payroll check. So Scott is heavily compensated with stock and that in turns motivate Scott to get the most out of us UPSers at a low cost thus working us into the ground with limited resources in order to increase the bottom line and of course drive stock prices up so he can make even more money. [/QUOTE]
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Would you take concessions?
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