All tax reasons. Just like once you hit the cap for paying Social security your employer does not have the cap and has to keep paying the match.
FedEx vs UPS. How does UPS do it?
- Thread starter fedx
- Start date
Ground managers also have to go to the Fedex Mind Control and Reeducation Academy . We just dreaded it when they went because when they came back they were so messed up it took us a month of Sundays just to get them back to reality and functioning again.
59 Dano
I just want to make friends!
I understand about the optics, but the context is relevant. The executives' compensation is a drop in a very large bucket compared to recurring expenses (though seemingly small) extrapolated over a few hundred thousand employees.
Two relatives hold executive positions in their respective companies. One company has a few hundred employees and the other has a few thousand. Both say the same thing: their versions of frontline employees have wild misconceptions about what goes on above them. My wife has a decent position in her company - says the same thing.
There is a world of difference between being able to punch in, worry about yourself, and go home and taking on levels of responsibility and accountability that involve many other people.
It's hard to feel sorry for managers. The hours they put in? That's paying their dues. Managers who start in their 20's and 30's know that if they play the game well they'll move up the corporate ladder and retire wealthy by their 50's and 60's. Especially if they make director which is corporate officer level and eligible for stock options. It's why when a director visits you see many managers doing some major sucking up. And when managers start talking about how hard they have it or how they're on your side against the company? Some may be sincere, but I believe most just want better SFA scores so they play on your sympathy. Expect your average ops mgr to size you up, believe he's superior to you, and is figuring out how to use you for his benefit. The only ways to get along with way too many ops mgrs is either be in the clique of cool kids he surrounds himself with, or do your job well enough that he depends on you for numbers and to help him out with volunteering for extra.
sandwich
The resident gearhead
Hahahaha, I'm a top rate ups driver on the west coast. My union dues are 26 bucks a week.
Why would anyone have a problem paying union dues for what you get in return.
zubenelgenubi
I'm a star
When the chips are down, UPS isn't afraid to make the tough decision... to stop buying toilet paper.
Fred's Myth
Nonhyphenated American
You left them no other alternative.
zubenelgenubi
I'm a star
You left them no other alternative.
I almost bankrupted them, singlehandedly.
What do you think FedEx is going to do with the rolls of labels that don’t fit the new printers?
Express Courier
Well-Known Member
Use as paper towels in the bathrooms. And TP.
Cactus
Just telling it like it is
Most of that isn't salary though.
Cactus
Just telling it like it is
Exactly.
And for years and years the hourlies had to be the ones to make all the sacrifices whenever one if these illustrious CEO’s ****ed up, things weren’t going exactly to plan or when the CEO’s just got more greedy. MT3 would get on frontline with some guilt trip or sob story about how things are hurting. In other words we were expected to work harder for less. Pathetic. Now when it came to successes and rewards, well we lost all that. Any wonder why anybody besides Fredfans or Kool-Aid drinkers are bitter?
Cactus
Just telling it like it is
McFeely
Huge Member
And that money doesn't come from FedEx revenue?
Last I read there are about 176,000,000 shares of outstanding FedEx stock. The executives are given stock options as an incentive to do what's necessary to get the profits and stock price up. They are in business to make money for shareholders, including themselves, and that will always be their priority. Not talking about morality, just reality. Your job exists to make them money. If they can't make money they will close and do something else. Yes that's the company's revenue. THEY are the company, not you. However it's all these companies trying to get rich that will increase your 401k. Do I think they should stick to the pay plan they created to keep employees? Absolutely. But they have a long track record of putting their greed before the interests of their employees. It is what it is and you either have to accept it or move on because they've made sure through Congress that you won't be able to do more than that.
much of it is stock options. But having received options in the past at another company it is still $$ that spends the same.
Working out real well stock price wise? It is a wall st. shake and bake at it's finest.
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