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<blockquote data-quote="pretzel_man" data-source="post: 786286" data-attributes="member: 927"><p>Everything you mention is accurate (except for the tone).</p><p> </p><p>Everything is also related to the lack of stock growth. </p><p> </p><p>UPS Stock as a main retirement source only worked if the stock grew. Not based on the payout. Look historically. Those that made lots of money didn't get huge MIP payouts. It was the stock growth that did so.</p><p> </p><p>Look at division managers. They got weatlthy because stock grew. A large amount of their compensation was based on stock grwoth. Today's division managers do not have that.</p><p></p><p>As you say, you were strictly warned to not sell stock. You were told to pretend that MIP didn't exist and to live off your salary alone.....</p><p> </p><p>The concept of compounding interest still is valid (putting all one's eggs in the UPS based it not anymore).</p><p> </p><p>So, what are you (or others) doing with their MIP award? Of course, 50% is forced into UPS stock. How about the other 50%? </p><p> </p><p>Way too many people take the award in cash. Hopefully they put it into some investment. Personally, I doubt it.</p><p> </p><p>While I do not like UPS being publice, public or private without profit growth, stock will not grow. Its the growth that is needed.</p></blockquote><p></p>
[QUOTE="pretzel_man, post: 786286, member: 927"] Everything you mention is accurate (except for the tone). Everything is also related to the lack of stock growth. UPS Stock as a main retirement source only worked if the stock grew. Not based on the payout. Look historically. Those that made lots of money didn't get huge MIP payouts. It was the stock growth that did so. Look at division managers. They got weatlthy because stock grew. A large amount of their compensation was based on stock grwoth. Today's division managers do not have that. As you say, you were strictly warned to not sell stock. You were told to pretend that MIP didn't exist and to live off your salary alone..... The concept of compounding interest still is valid (putting all one's eggs in the UPS based it not anymore). So, what are you (or others) doing with their MIP award? Of course, 50% is forced into UPS stock. How about the other 50%? Way too many people take the award in cash. Hopefully they put it into some investment. Personally, I doubt it. While I do not like UPS being publice, public or private without profit growth, stock will not grow. Its the growth that is needed. [/QUOTE]
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