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You may have just fell off the turnip truck if you think...
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<blockquote data-quote="pretzel_man" data-source="post: 785494" data-attributes="member: 927"><p>When I first got into management at UPS, I really didn't know much if anything about the stock program. I heard from some of the people that the stock didn't grow at all for many quarters. I heard about something called "stock dividends". I guess instead of paying cash dividends, they gave out more non-growing stock.</p><p> </p><p>I certainly do not recall the management people complaining. I don't recall them discussing how the company was screwing management. We worked long hours every day and peak season was a bigger event than it is today.</p><p> </p><p>Of course, today's situation seems poorer. Stock has not grown for a longer period than they endured. When it grew again, they were appreciative of those worthless stock dividends. The key is to grow again. We need to do what it takes to support that growth.</p><p> </p><p>Will the stock finally grow again? Will management compensation be a premium? I don't know. I do know that management's job is to look after the business. To ensure that we take care of the shareowners. </p><p> </p><p>This is not new. Jim Casey said:</p><p> </p><p>"The things that have made the company a success are the same things that have made the individuals successful. And if the company prospers, as we hope it will, you will have the opportunity to prosper. You have a good connection here in the business, and if you don’t do your part to benefit from your opportunity, the fault will be yours alone."</p><p> </p><p>I guess management is not for everyone.......</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 785494, member: 927"] When I first got into management at UPS, I really didn't know much if anything about the stock program. I heard from some of the people that the stock didn't grow at all for many quarters. I heard about something called "stock dividends". I guess instead of paying cash dividends, they gave out more non-growing stock. I certainly do not recall the management people complaining. I don't recall them discussing how the company was screwing management. We worked long hours every day and peak season was a bigger event than it is today. Of course, today's situation seems poorer. Stock has not grown for a longer period than they endured. When it grew again, they were appreciative of those worthless stock dividends. The key is to grow again. We need to do what it takes to support that growth. Will the stock finally grow again? Will management compensation be a premium? I don't know. I do know that management's job is to look after the business. To ensure that we take care of the shareowners. This is not new. Jim Casey said: "The things that have made the company a success are the same things that have made the individuals successful. And if the company prospers, as we hope it will, you will have the opportunity to prosper. You have a good connection here in the business, and if you don’t do your part to benefit from your opportunity, the fault will be yours alone." I guess management is not for everyone....... [/QUOTE]
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