Merry Christmas From UPS!

An acquaintance of mine has suffered through dealing with UPS during this holiday season.

Read the whole sad story here.

When the history of these times is written... and people wonder how things could have developed the way that they did... perhaps someone will find little clues like this one.

How is it that so many large organizations fail to perform, yet top executives walk away with outrageous yearly pay packages?

For example...

Michael L Eskew
CEO/Chairman of the Board/Director
United Parcel Service

Cash Compensation (FY December 2006)

Salary $988,000
Bonus $41,500 (for what?)
Long Term Comp $5,136,086
---------------------------------------
Sub Total $6,165,586
Plus
Stock Options $2,855,203
---------------------------------------

Grand Total = $9,020,789

Source:
Forbes

Happy New Year from UPS!

On October 15, 2007, United Parcel Service, Inc. announced that Michael L. Eskew will retire as UPS's chief executive officer and chairman of the board effective January 1, 2008.