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Old 06-30-2023 | 08:51 PM
  #61  
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[QUOTE=Merle Haggard;3659024]You are a fool. First of all, they have already "taken over the company". Control rests squarely with them and their voting bloc. If Raj doesn't do their bidding to their satisfaction he'll be gone within a quarter. That's a takeover.

I think you need to review what DE Shaw does. Nothing you have written is even close.
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Old 07-01-2023 | 04:08 AM
  #62  
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[QUOTE=Stan446;3659054]
Originally Posted by Merle Haggard
You are a fool. First of all, they have already "taken over the company". Control rests squarely with them and their voting bloc. If Raj doesn't do their bidding to their satisfaction he'll be gone within a quarter. That's a takeover.

I think you need to review what DE Shaw does. Nothing you have written is even close.
It's a hedge fund that uses quantitative analysis to manage companies to higher margins. The pilot piece of higher margins means as few pilots as possible working as much as possible with flying being done as cheaply as possible by whomever will do it. They impose their will on management through board control - that's the part that makes them "activist".

Everything is reduced to a number. That's what quantitative analysis is. Stan446 is a perfect name as you are nothing more than a number to them.

Pull your head out of...................the sand and tell me where I'm wrong genius.
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Old 07-01-2023 | 04:24 AM
  #63  
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[QUOTE=Stan446;3659054]
Originally Posted by Merle Haggard
You are a fool. First of all, they have already "taken over the company". Control rests squarely with them and their voting bloc. If Raj doesn't do their bidding to their satisfaction he'll be gone within a quarter. That's a takeover.

I think you need to review what DE Shaw does. Nothing you have written is even close.
Are you kidding me, or are you freaking blind. It’s you that needs to understand specifically what DE Shaw does! Do some research. It ain’t that hard, and try real hard to see how their way of doing business will impact future operations here at FDX. This will require some imagination, not much, and if you’re still finding it hard to see, try opening your eyes.
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Old 07-01-2023 | 09:28 AM
  #64  
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[QUOTE=Anthrax;3659106]
Originally Posted by Stan446

Are you kidding me, or are you freaking blind. It’s you that needs to understand specifically what DE Shaw does! Do some research. It ain’t that hard, and try real hard to see how their way of doing business will impact future operations here at FDX. This will require some imagination, not much, and if you’re still finding it hard to see, try opening your eyes.
I assume you were trying to wake Stan up to reality?

Stan has a personal agenda that doesn't involve anybody else (until it needs their vote). We're wasting our time as he's working from "an alternate set of facts" as well as a different set of goals than most of us.

My guess is that his mandatory retirement date is just days after this vote closes.
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Old 07-01-2023 | 09:37 AM
  #65  
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So DE Shaw has 2 seats on the board out of 14. Sure they have some say/sway with the rest of the board. They do not have control and do not run FedEx like many of you believe. They get a lot of PR for being an activist board members, but like the rest of the media now half of it is bluster and BS for attention. How do you think they get people to invest in their funds.
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Old 07-01-2023 | 11:02 AM
  #66  
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Originally Posted by max8222
So DE Shaw has 2 seats on the board out of 14. Sure they have some say/sway with the rest of the board. They do not have control and do not run FedEx like many of you believe. They get a lot of PR for being an activist board members, but like the rest of the media now half of it is bluster and BS for attention. How do you think they get people to invest in their funds.
Their immediate concerns were return of capital to investors (dividends) and throttling capital investment (the future). Explain to me how a massive dividend increase and huge stock buybacks enhance the future of a career at FDX. They have the option and intent to add another board member of their choosing. Multiple sources indicate that they were pivotal in putting Raj in charge. If they can put someone in, they can surely remove them - that all seems like being in control to me.

If you somehow believe that this is in any way good for employees you are delusional. It would be one thing if FDX were on the verge of collapse - it is/was not.
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Old 07-01-2023 | 11:28 AM
  #67  
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Originally Posted by max8222
So DE Shaw has 2 seats on the board out of 14. Sure they have some say/sway with the rest of the board. They do not have control and do not run FedEx like many of you believe. They get a lot of PR for being an activist board members, but like the rest of the media now half of it is bluster and BS for attention. How do you think they get people to invest in their funds.
It is 3 DE Shaw members and a 4th one on the sideline waiting to fall in place

Here is another board member to think about

https://nymag.com/intelligencer/2023...ssociates.html

after you cut ad past you have to scroll down find out who.
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Old 07-02-2023 | 05:46 AM
  #68  
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Originally Posted by oncewasgood
Once again EDUCATE YOURSELF. The stock buybacks were announced prior to DE Shaw. FedEx had an efficiency drive in 2019. DE Shaw has been and always will be a short term holder of large corporations. They sway a narrative to drive a share price and then bail. They never intend to takeover or stay long.
You go ahead and bet your career on that.

When they leave there will be no plan in place for replacement aircraft and no cash with which to buy them. I've seen this story many times before in the industry. One reason that raiders love airlines is that they are so capital intensive. Just stop spending on capital investments and - BINGO! Truckloads of money to cart away.

Now I will place you on my ignore list just as I did before you were banned as noworkallplay.

Sayonara.
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Old 07-02-2023 | 07:28 AM
  #69  
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Originally Posted by Merle Haggard
You go ahead and bet your career on that.

When they leave there will be no plan in place for replacement aircraft and no cash with which to buy them. I've seen this story many times before in the industry. One reason that raiders love airlines is that they are so capital intensive. Just stop spending on capital investments and - BINGO! Truckloads of money to cart away.

Now I will place you on my ignore list just as I did before you were banned as noworkallplay.

Sayonara.
Nailed it.

Could be a board member or someone in pilot management.

DB Shaw is NOT good at all. Any simple research will show they are the new carl ichan and they will break us up or sell us.
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Old 07-02-2023 | 10:52 AM
  #70  
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Originally Posted by Spot13
Nailed it.

Could be a board member or someone in pilot management.

DB Shaw is NOT good at all. Any simple research will show they are the new carl ichan and they will break us up or sell us.
Simple research? Did you even try?

Under the agreement, D.E Shaw named two board members. D.E. Shaw has cut its holding of FedEx to about 63,000 shares from a recent peak of 1.25 million shares at the end of 2021.The agreement with D.E. Shaw also gives the investment firm, which has a stake of less than 1% in FedEx, a say in the appointment of a third director at a later date.

DE Shaw has two and potentially 3 board members out of 14 total. And Shaw has less than ONE percent stake in FedEx.

So keep spreading the fear about a hedge fund company that has no ability to break up FedEx. Shaw is 35th in major shareholders. Fred Smith is number one at 7.8%
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