Albie and Young Jack, I see your point. Here's mine. From approx. 1 year prior to the Tiger merger (1989) until the ram-rod contract of 1998, FDX pilots didn't receive 1 single raise during a 10 year period! With a 2.5-3% inflation rate, that's a cool 25-30% paycut. The contract raises of the last 2 contracts have not beat the inflation rate over the same period.

FDX Corp pays many Millions for FDX Field, PGA Golf, NASCAR, FDX Kinko's name changes, while netting more than a Billion Dollars annually.

Those INTL packages from China do not terminate their trips in MEM. Those same pkgs continue to RSW, TLH, SLC, and other domestic locales. The INTL pkgs require the domestic system.

With a Billion dollar profit for FDX, woefully weak FDA LOA, and no Tiger merger COLA catch-up provisos, I'm in no mood to feel sorry for Fred and his 11 cent dividend.


Common Stock Beneficially Owned
Number Number of Percent of
Name of Beneficial Owner of Shares Option Shares(1) Class(2)

Frederick W. Smith 19,285,224 (3) 2,781,250 7.07 %

(19,285,224) Shares X dividend (.11) = $141,374 X 4 quarters = $565,500 per/yr and you haven't sold any shares yet. Residual income. year after year after year.

stock price of 79 x shares owned = $1,523,532,696

the sympathy tears for the company are just not welling up.