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<blockquote data-quote="Popeye" data-source="post: 785877" data-attributes="member: 29236"><p>That's a chicken vs. egg question. Companies have moved to portable benefit plans because too many people retire too early for defined benefit plans to be sustainable. The expectations you refer to are a result of this, not the cause of it. But all the other actions taken by ups regarding management compensation are geared toward paying less to people who don't advance. Since advancement opportunities are shrinking rather than expanding why would talented people want to hang around? MIP used to be the only way to get UPS stock, and the value of the stock always grew at a reasonably good rate. Now nobody wants UPS stock so they devised this RSU jive to force us to keep it. Do you have any doubt they did this due to the high percentage of people who sold all their stock as soon as they got it? Now if you decide you've had a belly-full of "brown" and you want to leave, you leave a big chunk of your money on the table when you go. Instead of making UPS a good place to stay they're trying to make it a bad place to leave. Switching from the carrot to the stick, so to speak.</p></blockquote><p></p>
[QUOTE="Popeye, post: 785877, member: 29236"] That's a chicken vs. egg question. Companies have moved to portable benefit plans because too many people retire too early for defined benefit plans to be sustainable. The expectations you refer to are a result of this, not the cause of it. But all the other actions taken by ups regarding management compensation are geared toward paying less to people who don't advance. Since advancement opportunities are shrinking rather than expanding why would talented people want to hang around? MIP used to be the only way to get UPS stock, and the value of the stock always grew at a reasonably good rate. Now nobody wants UPS stock so they devised this RSU jive to force us to keep it. Do you have any doubt they did this due to the high percentage of people who sold all their stock as soon as they got it? Now if you decide you've had a belly-full of "brown" and you want to leave, you leave a big chunk of your money on the table when you go. Instead of making UPS a good place to stay they're trying to make it a bad place to leave. Switching from the carrot to the stick, so to speak. [/QUOTE]
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