Fred Smith makes Forbes billionaire list
03-10-2006, 06:06 PM
#1
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Fred Smith makes Forbes billionaire list
not too shabby a time to be negotiating a contract with the man....
Fred Smith makes Forbes' billionaire list
Memphis Business Journal - 11:08 AM CST Friday
FedEx Corp.'s chairman, president and CEO Frederick Smith was ranked No. 365 on Forbes' 2006 list of the world's richest people, with a net worth of $2.1 billion.
Smith's self-made fortune was made through his Memphis-based shipping giant. His annual pay is $4.62 million.
Bill Gates, worth $50 billion, tops the list, followed by Warren Buffet. The list has 746 billionaires from around the world, starting at a net worth of $1 billion.
A resident of Memphis, Smith graduated from Yale University, where he wrote his senior thesis outlining overnight delivery service. He served as an officer in the U.S. Marine Corps from 1966-1970.
Smith launched Federal Express in 1973. FedEx (NYSE: FDX) is now the world's biggest overnight freight service with $31 billion in annual revenues.
Fred Smith makes Forbes' billionaire list
Memphis Business Journal - 11:08 AM CST Friday
FedEx Corp.'s chairman, president and CEO Frederick Smith was ranked No. 365 on Forbes' 2006 list of the world's richest people, with a net worth of $2.1 billion.
Smith's self-made fortune was made through his Memphis-based shipping giant. His annual pay is $4.62 million.
Bill Gates, worth $50 billion, tops the list, followed by Warren Buffet. The list has 746 billionaires from around the world, starting at a net worth of $1 billion.
A resident of Memphis, Smith graduated from Yale University, where he wrote his senior thesis outlining overnight delivery service. He served as an officer in the U.S. Marine Corps from 1966-1970.
Smith launched Federal Express in 1973. FedEx (NYSE: FDX) is now the world's biggest overnight freight service with $31 billion in annual revenues.
03-11-2006, 10:14 AM
#2
Gets Weekends Off
Joined APC: Jan 2006
Posts: 2,838
Originally Posted by Diesel 10
Fred Smith makes Forbes' billionaire list
Memphis Business Journal - 11:08 AM CST Friday
FedEx Corp.'s chairman, president and CEO Frederick Smith was ranked No. 365 on Forbes' 2006 list of the world's richest people, with a net worth of $2.1 billion.
Smith's self-made fortune was made through his Memphis-based shipping giant. His annual pay is $4.62 million.
FedEx (NYSE: FDX) is now the world's biggest overnight freight service with $31 billion in annual revenues.
Memphis Business Journal - 11:08 AM CST Friday
FedEx Corp.'s chairman, president and CEO Frederick Smith was ranked No. 365 on Forbes' 2006 list of the world's richest people, with a net worth of $2.1 billion.
Smith's self-made fortune was made through his Memphis-based shipping giant. His annual pay is $4.62 million.
FedEx (NYSE: FDX) is now the world's biggest overnight freight service with $31 billion in annual revenues.
Personally I think it is wonderful that FWS is now a billionaire on the Forbes list. I think it is wonderful that his "salary" is 4.42 Million a year.
I think it is even more wonderful that FDX makes over 31 billion $/year in revenues and a 1.6 billion $/year clear profit!
I think it would be even more wonderful if senior MGT realized that the Pilots play a major part in this profit. (I am not suggesting that the 140,000 other employees don't play an important part of the cog in that wheel.......they surely do, and IMHO they deserve a piece of that pie too......but they have no collective voice and that is their concern).
Pilots here need to realize that we make this company a ton of money and MGT darn well knows it.............but they do like like to admit it.........in public anyway!
If you attended the Rally last Sunday, your heard our Negotiating Committee Chair say that we were "100 million dollars a part on the deal". To you and me 100 million is a substantial amount.....................to FDX corp it is Chump change.
Remember that approx 2 months ago at the annual Stock holders meeting (where we picketed) it was announced that FDX was paying out $350 million in bonuses to just 18 Corporate execs........350 million to 18 folks!!!........who by the way are already very highly compensated. In the mean time those same execs are raising Healthcare costs and reducing retirement benefits for the employees here at FDX.
That 350 million would have bridged the gap between our negotiating committee and the company negotiaters.......................
Let's see MGT could have sealed a 4-5 year deal with the 4700 plus pilots or give a 350 million bonus to 18 very highly compensated corp execs..........
(actually they can more than afford to do both)
Pilots........wake up and smell the coffee................This company is making big bucks!
They can afford to pay the very reasonable and responsible offer that ALPA currently has on the table!
Remember that 10 years ago (during our negotiations for our first contract) back when the Airlines were making record profits.........and our Union (ALPA #1 and subsequently the FPA) were trying to get our wages raised up near to but not equal to what all the others were making. Remember we were making well below what DAL, USAir, UAL and NWA, American.etc........We had no secure retirment........we had no B-fund, we had no OBRA bridge.........and our monthly pay was well below the industry.........unless you worked overtime and sold vacation back!
Management said " You guys are different. You are cargo pilots.......you are not Passenger Airline Pilots"
So what has changed...........we are not in the same industry. True everyone else in the industry has come down to or below our current wages. Now MGT is touting that we make more...........and we haven't even got a deal yet......
Do not be hood winked...............FDX can afford our very reasonable proposal.
Stay the course, do not fall for smoke and mirrors........................................... .... "2 years is too long"
You all know what you need to do!
03-11-2006, 03:08 PM
#3
Gets Weekends Off
Joined APC: Mar 2006
Posts: 1,409
Originally Posted by RedeyeAV8r
Personally I think it is wonderful that FWS is now a billionaire on the Forbes list. I think it is wonderful that his "salary" is 4.42 Million a year.
I think it is even more wonderful that FDX makes over 31 billion $/year in revenues and a 1.6 billion $/year clear profit!
I think it would be even more wonderful if senior MGT realized that the Pilots play a major part in this profit. (I am not suggesting that the 140,000 other employees don't play an important part of the cog in that wheel.......they surely do, and IMHO they deserve a piece of that pie too......but they have no collective voice and that is their concern).
Pilots here need to realize that we make this company a ton of money and MGT darn well knows it.............but they do like like to admit it.........in public anyway!
If you attended the Rally last Sunday, your heard our Negotiating Committee Chair say that we were "100 million dollars a part on the deal". To you and me 100 million is a substantial amount.....................to FDX corp it is Chump change.
Remember that approx 2 months ago at the annual Stock holders meeting (where we picketed) it was announced that FDX was paying out $350 million in bonuses to just 18 Corporate execs........350 million to 18 folks!!!........who by the way are already very highly compensated. In the mean time those same execs are raising Healthcare costs and reducing retirement benefits for the employees here at FDX.
That 350 million would have bridged the gap between our negotiating committee and the company negotiaters.......................
Let's see MGT could have sealed a 4-5 year deal with the 4700 plus pilots or give a 350 million bonus to 18 very highly compensated corp execs..........
(actually they can more than afford to do both)
Pilots........wake up and smell the coffee................This company is making big bucks!
They can afford to pay the very reasonable and responsible offer that ALPA currently has on the table!
Remember that 10 years ago (during our negotiations for our first contract) back when the Airlines were making record profits.........and our Union (ALPA #1 and subsequently the FPA) were trying to get our wages raised up near to but not equal to what all the others were making. Remember we were making well below what DAL, USAir, UAL and NWA, American.etc........We had no secure retirment........we had no B-fund, we had no OBRA bridge.........and our monthly pay was well below the industry.........unless you worked overtime and sold vacation back!
Management said " You guys are different. You are cargo pilots.......you are not Passenger Airline Pilots"
So what has changed...........we are not in the same industry. True everyone else in the industry has come down to or below our current wages. Now MGT is touting that we make more...........and we haven't even got a deal yet......
Do not be hood winked...............FDX can afford our very reasonable proposal.
Stay the course, do not fall for smoke and mirrors........................................... .... "2 years is too long"
You all know what you need to do!
I think it is even more wonderful that FDX makes over 31 billion $/year in revenues and a 1.6 billion $/year clear profit!
I think it would be even more wonderful if senior MGT realized that the Pilots play a major part in this profit. (I am not suggesting that the 140,000 other employees don't play an important part of the cog in that wheel.......they surely do, and IMHO they deserve a piece of that pie too......but they have no collective voice and that is their concern).
Pilots here need to realize that we make this company a ton of money and MGT darn well knows it.............but they do like like to admit it.........in public anyway!
If you attended the Rally last Sunday, your heard our Negotiating Committee Chair say that we were "100 million dollars a part on the deal". To you and me 100 million is a substantial amount.....................to FDX corp it is Chump change.
Remember that approx 2 months ago at the annual Stock holders meeting (where we picketed) it was announced that FDX was paying out $350 million in bonuses to just 18 Corporate execs........350 million to 18 folks!!!........who by the way are already very highly compensated. In the mean time those same execs are raising Healthcare costs and reducing retirement benefits for the employees here at FDX.
That 350 million would have bridged the gap between our negotiating committee and the company negotiaters.......................
Let's see MGT could have sealed a 4-5 year deal with the 4700 plus pilots or give a 350 million bonus to 18 very highly compensated corp execs..........
(actually they can more than afford to do both)
Pilots........wake up and smell the coffee................This company is making big bucks!
They can afford to pay the very reasonable and responsible offer that ALPA currently has on the table!
Remember that 10 years ago (during our negotiations for our first contract) back when the Airlines were making record profits.........and our Union (ALPA #1 and subsequently the FPA) were trying to get our wages raised up near to but not equal to what all the others were making. Remember we were making well below what DAL, USAir, UAL and NWA, American.etc........We had no secure retirment........we had no B-fund, we had no OBRA bridge.........and our monthly pay was well below the industry.........unless you worked overtime and sold vacation back!
Management said " You guys are different. You are cargo pilots.......you are not Passenger Airline Pilots"
So what has changed...........we are not in the same industry. True everyone else in the industry has come down to or below our current wages. Now MGT is touting that we make more...........and we haven't even got a deal yet......
Do not be hood winked...............FDX can afford our very reasonable proposal.
Stay the course, do not fall for smoke and mirrors........................................... .... "2 years is too long"
You all know what you need to do!
All I can add to that is ...
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