COVID Stimulus Watch Individual Entry

Recipient Company:
United Parcel Service
Loan or Loan Guarantee Amount:
$3,174,262

Recipient Details

Ownership Structure: publicly traded (ticker symbol NYSE: UPS)

Award Details

Award Date: Jun 28, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...

Parent Company Data

Parent Company: United Parcel Service
Headquartered in: Georgia
Parent Sector: freight and logistics
Parent Industry: package delivery
Employees (prior to pandemic): 495,000

Accountability Issues Since 2010

Employment icon
Employment-related Penalties: $35,007,527
Contracting icon
Government-contracting-related Penalties: $38,140,000
Environment icon
Environmental / Healthcare / Safety Penalties: $53,307,450
ConsumerProt icon
Consumer Protection / Financial / Competition-related Penalties: $98,006,400
CEOpay icon
Ratio of CEO Pay to that of Median Worker: 243 to 1
CEO Compensation: $18,040,841
Worker Median Pay: $74,395
Tax icon
Total Federal, State, and Local Subsidies: $122,955,344
Federal Corporate Income Tax Rate: 1.6%
Subsidy Tracker
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues