Another Massive Pay Hike for UPS's CEO

UPS CEO David Abney has tripled his pay to $11.3 million under the concessionary contract negotiated by Hoffa-Hall.

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David Abney is on a roll.  The UPS Chief Executive more than doubled his pay to $8.4 million in 2014, the same year that Hoffa-Hall finalized their concessionary contract with UPS. Last year, the CEO hiked his pay yet again to $11.3 million—a 35 percent jump.

Abney’s base pay increased by 51 percent to $1 million. The other $10.3 million comes in stock awards.

In all, UPS’s CEO has more than tripled his pay under the first two years of the new contract.

For UPS Teamsters, it's a different story: healthcare cuts for thousands forced into Teamcare, pension cuts in New York State and for 8,737 UPS retirees in the Midwest and South, wage diversions in New Jersey, starting pay for part-timers frozen at $10 an hour and a pension freeze for UPSers in Southern California and the Southwest.

The contract is paying off for some at UPS; it's just not UPS Teamsters.


Showing 7 reactions

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  • Lyle Schrader
    commented 2018-01-14 16:07:44 -0500
    Mr Casey would be turning over in his grave if he knew how this company was being run!!! They have cut everyone’s bonus time and are beating the drivers to death. We have forgot about CUSTOMER SERVICE and taking care of our EMPLOYEES which built this company. The FAT CATS at the top care about there bonus and that is all they care about!! We are on the ENRON train people. I’m pulling all my 401K and stock out and putting somewhere else. I’m glad I don’t have much time before retirement,thank GOD. I hope the upper management will wake up and realize if you kill the workers the Queen will Die.
  • Stephanie McAllister
    followed this page 2016-10-03 11:54:03 -0400
  • Kevin Tone
    commented 2016-03-25 22:53:28 -0400
    Remember teamsters we were told “vote yes” on this new contract. Never be told what to vote. Always read the fine print.
  • Burt Burton
    commented 2016-03-22 21:00:42 -0400
    Abney should move next door to that other ceo fred smith from fed ex. Nice railroad act smith.
  • Anita Lee
    commented 2016-03-22 08:38:29 -0400
    This type of corporate thievery has been allowed to continue all over the United States! Time to put and end to it! This guy needs to be canned
  • Dan Rausch
    commented 2016-03-22 03:02:59 -0400
    Congratulations Mr Abney, I know you are probably having a hard time make ends meet on 11.3 Million dolllars you earn each year, as for me I’am just one of the 30 year retirees who is facing a 50% cut in my pension. I understand the cost of living is probably eating away at your meager salary while I’ll be trying to figure out how to pay for my Parkinson disease medicine, my rent and something to eat. Again congratulations but I would ask you to do one thing, think of us poor retirees who gave UPS 30 or more years and now face a pension cut that will drop most of us below the poverty mark, but again congratulations, spend that money in good health.
  • Teamsters for a Democratic Union
    published this page in News 2016-03-21 14:54:26 -0400