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Old 07-08-2007, 04:14 PM   #1  
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Default FDX Stocks and FDX Pilots

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?
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Old 07-08-2007, 08:48 PM   #2  
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the united guys had non-voting shares, which is part of the reason they got so beaked by the company's attempt to merge with us air 7 years ago....leading to their industry best contract
and the summer of pain for those taxiing behind a united jet
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Old 07-08-2007, 09:50 PM   #3  
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Quote:
Originally Posted by angry tanker View Post
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).
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Old 07-09-2007, 06:35 AM   #4  
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Actually, I'd bet that a majority of pilots own no FDX stock.
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Old 07-09-2007, 06:41 AM   #5  
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I believe they stopped the stock purchase plan that we once enjoyed, back in mid 1991. Their explanation then was "too many people were not holding their shares, but were turning them around almost immediately." It was too bad as it was a really great way of obtaining FedEx stock and equity in the company. Since then, I've not entertained the idea of owning the stock. Something about not placing too many eggs in one basket.
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Old 07-09-2007, 06:52 AM   #6  
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Quote:
Something about not placing too many eggs in one basket.


We'd be better off owning UPS....
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Old 07-09-2007, 07:08 AM   #7  
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Originally Posted by Jetjok View Post
I believe they stopped the stock purchase plan that we once enjoyed, back in mid 1991. Their explanation then was "too many people were not holding their shares, but were turning them around almost immediately." It was too bad as it was a really great way of obtaining FedEx stock and equity in the company. Since then, I've not entertained the idea of owning the stock. Something about not placing too many eggs in one basket.
Not completely true...
The ESPP is still open to us--we just don't get the discounted price.
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Old 07-09-2007, 07:10 AM   #8  
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Well, if this comes to pass, you would benefit if you owned some shares:

http://www.reuters.com/article/busin...8?feedType=RSS
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Old 07-09-2007, 12:57 PM   #9  
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Not completely true...
The ESPP is still open to us--we just don't get the discounted price.
Maybe so, but do you know anyone who has actively been investing in our stock since they eliminated th discount. Prior to the closing, many, many guys were investing.
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Old 07-09-2007, 02:40 PM   #10  
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Originally Posted by Jetjok View Post
Maybe so, but do you know anyone who has actively been investing in our stock since they eliminated th discount. Prior to the closing, many, many guys were investing.
I know at least one-me (my whopping 1% keeps me from blowing it on something else).
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