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| We were sent this information and several other articles
of interest some time ago by an
anonymous source. It is very interesting for those of us who got a 2% raise
and not much else to see the lavish bonuses International Paper bestows on
their salaried employees. The Lexington Plant ran over a
Billion square feet
of production for the second year in a row, Several of our managers most
likely raked in huge bonus checks for that performance. What did the hourly employees
get? A t-shirt and a $25.00 Wal-Mart card.
As a rough reference to use on this chart, our source tells us that he
thinks that plant managers are in the low to mid twenties range on this
list. Using their own chart numbers, that could mean a bonus of
well over $100,000 for one guy. I don't think there is any question
why management short changes us at every corner. Every dime they can
deprive us of is tacked on their bottom line and consequently, on to their
bonus checks!
This is a A+ prime example of why we need to organize with the United
Steelworkers. This company has plenty of money to pay their managers what I
feel to be outrageous bonuses but when it comes time to pay the people that
actually do the work they plead poverty and tell us about how bad business
is going right now. If business
is so bad, why not suspend some of these bonuses? If IP is going to
pay management for doing well, why not, when a plant's production sucks,
make the managers pay some back? We not only need to
organize with the USW, we need to work toward getting ourselves into a
multiple agreement with several of the other higher producing box plants.
The United Steelworkers have just settled a 14 mill multiple agreement with
International Paper that featured some real solid improvements in their
members retirement and healthcare. (This story is
featured on the front page of this website.) If you are tired
of the same old stuff...lets make a change.
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INTERNATIONAL PAPER - US Salaried Employees
2007 Core Salary Structure
Including the Management Incentive Plan also known as
The MIP |
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| |
Market Range |
|
MIP Target |
MIP Max |
Target Total Cash Compensation |
| PL
|
Min 75% |
90% |
100%
|
110% |
Max 125% |
Target |
Amount |
Percent |
Amount |
| G1 |
$14,100
|
$16,900 |
$18,800 |
$20,700 |
$23,500 |
|
|
|
|
$18,800 |
| G2
|
$15,500 |
$18,600 |
$20,700 |
$22,800 |
$25,900 |
|
|
|
|
$20,700 |
| G3
|
$16,900 |
$20,300 |
$22,500 |
$24,800 |
$28,100 |
|
|
|
|
$22,500 |
| G4
|
$18,200 |
$21,900 |
$24,300 |
$26,700 |
$30,400 |
|
|
|
|
$24,300 |
| G5
|
$19,800 |
$23,800 |
$26,400 |
$29,000 |
$33,000 |
|
|
|
|
$26,400 |
| G6
|
$21,800 |
$26,200 |
$29,100 |
$32,000 |
$36,400 |
|
|
|
|
$29,100 |
| 1
|
$24,500 |
$29,400 |
$32,700 |
$36,000 |
$40,900 |
|
|
|
|
$32,700 |
|
2 |
$27,800 |
$33,400 |
$37,100 |
$40,800 |
$46,400 |
|
|
|
|
$37,100 |
| 3
|
$30,600 |
$36,700 |
$40,800 |
$44,900 |
$51,000 |
|
|
|
|
$40,800 |
| 4
|
$33,700 |
$40,400 |
$44,900 |
$49,400 |
$56,100 |
|
|
|
|
$44,900 |
|
5 |
$37,000 |
$44,400 |
$49,300 |
$54,200 |
$61,600 |
|
|
|
|
$49,300 |
| 6
|
$41,600 |
$49,900 |
$55,400 |
$60,900 |
$69,300 |
|
|
|
|
$55,400 |
| 7
|
$44,600 |
$53,600 |
$59,500 |
$65,500 |
$74,400 |
|
|
|
|
$59,500 |
| 8
|
$48,200 |
$57,800 |
$64,200 |
$70,600 |
$80,300 |
|
|
|
|
$64,200 |
|
9 |
$51,800 |
$62,200 |
$69,100 |
$76,000 |
$86,400 |
|
|
|
|
$69,100 |
| 10
|
$55,900 |
$67,100 |
$74,500 |
$82,000 |
$93,100 |
|
|
|
|
$74,500 |
| 11
|
$60,000 |
$72,000 |
$80,000 |
$88,000 |
$100,000 |
|
|
|
|
$80,000 |
| 12
|
$64,600 |
$77,500 |
$86,100 |
$94,700 |
$107,600 |
|
|
|
|
$86,100 |
| 13
|
$69,700 |
$83,600 |
$92,900 |
$102,200 |
$116,100 |
|
|
|
|
$92,900 |
| 14
|
$72,500 |
$86,900 |
$96,600 |
$106,300 |
$120,800 |
15%
|
$14,500 |
30% |
$29,000 |
$111,100 |
| 15
|
$78,100 |
$93,700 |
$104,100 |
$114,500 |
$130,100 |
15% |
$15,600 |
30% |
$31,200 |
$119,700 |
| 16
|
$84,300 |
$101,200 |
$112,400 |
$123,600 |
$140,500 |
20% |
$22,500 |
40% |
$45,000 |
$134,900 |
| 17
|
$91,100 |
$109,400 |
$121,500 |
$133,700 |
$151,900 |
20% |
$24,300 |
40% |
$48,600 |
$145,800 |
| 18 |
$97,500
|
$117,000 |
$130,000 |
$143,000 |
$162,500 |
20% |
$26,000 |
40% |
$52,000 |
$156,000 |
| 19
|
$105,200 |
$126,200 |
$140,200 |
$154,200 |
$175,300 |
25% |
$35,100 |
50% |
$70,200 |
$175,300 |
| 20
|
$113,200 |
$135,800 |
$150,900 |
$166,000 |
$188,600 |
25% |
$37,700 |
50% |
$75,400 |
$188,600 |
| 21
|
$123,500 |
$148,100 |
$164,600 |
$181,100 |
$205,800 |
30% |
$49,400 |
60% |
$98,800 |
$214,000 |
|
22 |
$134,900 |
$161,800 |
$179,800 |
$197,800 |
$224,800 |
30% |
$53,900 |
60% |
$107,800 |
$233,700 |
|
23 |
$147,500 |
$176,900 |
$196,600 |
$216,300 |
$245,800 |
35% |
$68,800 |
70% |
$137,600 |
$265,400 |
| 24
|
$161,300 |
$193,500 |
$215,000 |
$236,500 |
$268,800 |
40% |
$86,000 |
80% |
$172,000 |
$301,000 |
| 25
|
$172,500 |
$207,000 |
$230,000 |
$253,000 |
$287,500 |
40% |
$92,000 |
80% |
$184,000 |
$322,000 |
| 26
|
$188,600 |
$226,300 |
$251,400 |
$276,500 |
$314,300 |
45% |
$113,100 |
90% |
$226,200 |
$364,500 |
| 27
|
$206,100 |
$247,300 |
$274,800
|
$302,300 |
$343,500 |
45% |
$123,700 |
90% |
$247,400 |
$398,500 |
| 28
|
$225,200 |
$270,300 |
$300,300 |
$330,300
|
$375,400 |
50% |
$150,200 |
100% |
$300,400 |
$450,500 |
|
29 |
$243,100 |
$291,700 |
$324,100 |
$356,500 |
$405,100 |
50% |
$162,100 |
100% |
$324,200 |
$486,200 |
| 30
|
$268,400 |
$322,100
|
$357,900 |
$393,700 |
$447,400 |
55% |
$196,800 |
110% |
$393,600 |
$554,700 |
| 31
|
$284,700 |
$341,600 |
$379,600 |
$417,600 |
$474,500 |
60% |
$227,800 |
120% |
$455,600 |
$607,400 |
| 32
|
$311,100 |
$373,300 |
$414,800 |
$456,300 |
$518,500
|
65% |
$269,600 |
130% |
$539,200 |
$684,400 |
| 33
|
$340,100 |
$408,100 |
$453,400 |
$498,700 |
$566,800 |
65% |
$294,700 |
130% |
$589,400 |
$748,100 |
| 34
|
$371,600 |
$445,900 |
$495,400 |
$544,900 |
$619,300 |
70% |
$346,800 |
140% |
$693,600 |
$842,200 |
| 35
|
$406,300 |
$487,500 |
$541,700 |
$595,900
|
$677,100 |
70% |
$379,200 |
140% |
$758,400 |
$920,900 |
| 36
|
$444,500 |
$533,300 |
$592,600 |
$651,900 |
$740,800
|
75% |
$444,500 |
150% |
$889,000 |
$1,037,100 |
| 37
|
$484,900 |
$581,900 |
$646,500 |
$711,200 |
$808,100 |
75% |
$484,900 |
150% |
$969,800 |
$1,131,400 |
| 38
|
$533,400 |
$640,100 |
$711,200 |
$782,300 |
$889,000 |
80% |
$569,000 |
160% |
$1,138,000 |
$1,280,200 |
| 39
|
$586,800 |
$704,200 |
$782,400 |
$860,600 |
$978,000 |
80% |
$625,900 |
160% |
$1,251,800 |
$1,408,300 |
| 40
|
$645,500 |
$774,600 |
$860,700 |
$946,800 |
$1,075,900 |
85% |
$731,600 |
170% |
$1,463,200 |
$1,592,300 |
| 41
|
$710,100 |
$852,100 |
$946,800 |
$1,041,500 |
$1,183,500 |
85% |
$804,800 |
170% |
$1,609,600 |
$1,751,600 |
| 42
|
$781,100 |
$937,300 |
$1,041,400 |
$1,145,500 |
$1,301,800 |
90% |
$937,300 |
180% |
$1,874,600 |
$1,978,700 |
| 43
|
$993,000 |
$1,191,600 |
$1,324,000 |
$1,456,400 |
$1,655,000 |
100% |
$1,324,000 |
200% |
$2,648,000 |
$2,648,000 |
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