Originally Posted by
angry tanker
Quick question on stocks and the FDX pilot group:
Is there a pilot rep or does ALPA offer any way for a unified proxy vote?
The reason I ask is that there is about 300M shares of stock, Fred has about 10M and the rest of the board (w/ Fred) has about 12M. If we say that the pilot force has a proxy vote of say 4M, could we influence the board at all? I know the employed run airline (United) didn't work out so well, but just curious if there is a way to get our collective voice out there?
Only a concerted, dedicated effort (of relatively short duration), 180k(avg sal.)x.05 buy=$9000. $9000x4800(pilots)=$43.2M. $43.2M/115(price FDX Stock)=375,652 shrs/yr x 10yrs=3.75M shares (not counting presently owned shares).