LOA vs NASCAR
 

Correct me if I'm wrong, but I heard FedEx spends approximately $43,000,000 on Nascar.

LOA

Housing allowance:......................................$3 2,400/yr ($2700 times 12)

Tax, Shipping, Storage, Airline:........................$7,600/yr

Total Benefit:.......................................... ....$40,000/yr/pilot

Getting screwed by bidding an FDA............................PRICELESS

Currently Subic has 4 aircraft with 1 spare and 80 pilots. The MEC tells us that this LOA is worth about $40,000/yr in "incremental" benefits to our pilots.

HKG 4 aircraft with 1 spare 5 total = 80 pilots

Paris 12 aircraft 1 spare 13 total = 240 pilots

Total pilots in both FDA's = 320 pilots

320 pilots times $40,000/yr = $12,800,000/yr

Multiply by three = $38,400,000

$38 million dollars is still less than we pay for Nascar.

Some bean counter honestly believes that spending $43 million on NASCAR brings in more than $43 million in revenue. If its true, then you need that $43 million to be spent on NASCAR so that you will have packages to carry on your airplane.

Why use NASCAR? They just go round-n-round that little 'ol track don't they? Can't see us delivering many packages that way.

A lot of folks go to the races.....I'm not sure if all of them are picking up a package though, some may just be there for the race.:D

I'll bet they get more miles out of NASCAR then they do out of that once a year Orange Bowl show.

Oh I don't know. Double deadhead lines through Indy sure seem like it. :D

$43 million to sponsor some redneck to drive fast and turn left?? And this is a better value to FDX than doing right by their people? Unbelievable.

That redneck won this week. Maybe you'll see more shipments :)

First off, NASCAR used to be a redneck sport. But it isn't that way anymore. Most of the crew chiefs have engineering degrees, some from well known schools like Virginia Tech. Some of the younger drivers also have engineering degrees, Ryan Newman (#12) has his from Purdue. NASCAR isn't for everyone but it is the largest spectator sport in the country and is a VERY powerful advertising/media outlet.

Back to the topic. FDX's total package may be close to $43M including advertising and all the frills. I would bet a lot of lettuce that they don't throw $43M at Joe Gibbs Racing and the #11. It simply doesn't cost that much to run a 1st class Nextel Cup team. It can be done with $25M-$30M. For comparison, Ferrari, which I know is actually in the fast car business, has a $250M annual budget for their Formula 1 team.

Purdue...Virginia Tech...???.......sound like rednecks to me

...banjo playing rednecks.
 

Yee haw!!

What a sad commentary...sad, but true.

Too bad everyone isn't into watching some Homoerotic "arts" festival in NYC.

I would use the word pretentious but wouldn't want anyone to think I was being an uppity redneck.

Hey, I resemble that! ;)

VT Engineering, 1984!:D

Nice seats, no wonder he scored the hot chick.

Is that an ALPA lanyard he's wearing? :D

Yep - and it must be a chick magnet. A BIG chick magnet.

What's with the number 3???

#3 is for Dale Earnhardt Sr. He was killed on the last lap of the 2001 Daytona 500.

Bdger

They don't make 'em like this anymore:


http://www.theautochannel.com/callah...rdt_dale01.jpg

Uh Oh......incident in turn 3!

I was told that when kids in the South first learned how to count it went something like...

One, two, Earnhardt :D

And the last four words of the National Anthem are "Gentlemen, start your engines.":)

Definitely not a southerner.

Did y'all hear about the new show, "Southern Survivor"?

Contestants will have to drive from Mobile to Charlotte in pink Volvos with big signs on the back that say, "Earnhardt was a ***".

Here's a quick clip of what HKG 20,000 (US $2,666 - company offering $2,700) will get you ...
Hong Kong Apartment http://youtube.com/watch?v=JVtSvNTecvY

If you listen up, you can hear her say "540 sq. ft., 20,000". She later cut off the video, saying prior permission of the owner was needed. So, there's your freaking "luxury", folks ... note only 2 burners on the stove, mini-microwave, mini-fridge, kitchenette (and that's a stretch).

Can you hear me now?

You have to put up three months' rent in advance, PLUS pay the agent's commission of 5% of the annual rent (or 1/2 a month's rent, whichever is less). That's for a lease of over 3 months. For a short-term lease (3 months or less, the commission (out of YOUR pocket, folks), is 10% or 1/2 a month's rent. Did you also note the teeny little glass-top table? That's not a decor item, folks, that's your dining room table. So this is what Webb considers "luxury" digs in a "luxury area"? Spare me. Here's the link to that particular complex: http://conventionplazaapartments.com/ Check it out for yourself.

Examples from that one complex: rent a basic 1-BR, HKG 25,000 (US $3,333/mo.); with any kind of a view that goes up to 38,000 ($5,067/mo.). To buy a 3-BR is HKG 19 million (US $2.5 million), and let's see how far your $1,200 buying allowance goes on that, huh? To rent a 3-BR is HKG 80K (nearly US $10.7K PER MONTH). Two-BR (rock-bottom for most of us) rents for HKG 46,000 (US $6,100+), for 1,200 sq.ft.

So, to move into a 3-BR, you're coughing up $32,000, PLUS the agent's fees, right up front. How's that $10K seed money look now? More than just a little anemic, isn't it?

Sorry if you've seen this on other threads, but we're trying to get the word out to as many people as possible. Thanks for your patience.

Not a vaild comparison as to what is available outside of the waterfront/financial/downtown areas.

I'd like to stay in a 3000 sq/ft place overlooking HKG harbor! That would be nice!

Past...

Ahhh. Finally found the thread with rent info on it.

Budweiser pays ONLY 15 mil. per year for Dale JR.

Folks -- The following is an email response from one FDX pilot who had been asked about the cost-of-living situation when he lived in HKG prior to joining FDX. Because the writer is rather junior, he's reticent about speaking up. I'm respecting his wish to stay below the ridge-line by not using his name. Please forgive me if you see this post on a couple more threads -- this info is critical, and should be seen by as many pilots as possible.

Date: Sun, 24 Jun 2007 19:07:58 -0700
>Hi Mike,
>
>Thanks for the info. I couldn't agree more.
>
>My wife and I lived in Hong Kong in a previous life in the mid 90's. I was with [a major brokerage house] and our housing at that time was about US$9,000 per month for an apartment in Repulse Bay. It was about 2,300 square feet and pretty nice, but in a older building, on a lower floor, with wall unit A/C that barely kept it cool. I would think that same apartment is much more now. I had one of the lower housing allowances for expats -- as I recall, some other guys were getting up to twice that amount.
>
>[The brokerage firm] paid for housing, and a lot more, too. They covered schooling, family trips home to the states, all moving expenses, medical/dental, storage for stuff we left in the States, and probably a lot more that I've forgotten.
>
>The other thing people need to remember is how quickly the real estate market changes in Hong Kong. It goes up and down very quickly. I read that right now it is going up at about 20% per year. That happened to us -- by the time we arrived in Hong Kong, the housing allowance we had agreed to was way behind where the market was. Fortunately, the company eventually agreed to raise the number.
>
>I have been following the rumors/announcements on this issue, since we would really like to have the chance to get overseas while our kids are still young. I was going to email Dave Webb, but after seeing the response to that other guy who is even senior to me, I'm not so sure.
>
>Enjoy the rest of your vacation.
>
>Cheers,
> [name withheld by Herkybird]

Herky,

Once is great, twice is overkill. Three to Four times is thread kill. Suggest you reduce the duplicates or you will end up on ignore lists throughout the forum.

LAG

He's already there.