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This excerpt taken from the UPS DEF 14A filed Mar 19, 2007. The
Link Between UPS Philosophy and Compensation
UPS founder Jim Casey once said that good management is the
ability to make people feel that you and they are the
company — not merely employees of it. The idea of
management by partnership, and Jim’s belief that determined
people working together can do anything are two of many basic
principles that have allowed UPS to grow and reinvent itself for
more than 99 years. The management philosophy Jim expressed
in the early years of operation grew into a culture based on
integrity, honesty and trust in each other. Our practices,
including compensation programs, reflect an early understanding
that continued success was not only dependent on our innovative
service, but also on the development and well-being of the UPS
team. UPS leaders will consistently point to three practices,
above all others, which have contributed to our sustained growth:
We reflect these principles in our compensation programs by
rewarding ownership, performance and long-term commitment to the
organization. UPS career development and succession planning
programs strengthen the partnership by offering rotational
assignments within and across UPS business units, through
internal and external education, by identification of future
career paths and by encouraging individual responsibility for
self-development.
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