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Where Your Raises Have Gone
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<blockquote data-quote="SmithBarney" data-source="post: 550830" data-attributes="member: 709"><p>I see where my raise is going...</p><p></p><p></p><p></p><p><a href="http://stlouis.bizjournals.com/stlouis/stories/2009/06/22/story3.html" target="_blank">http://stlouis.bizjournals.com/stlouis/stories/2009/06/22/story3.html</a></p><p></p><p>Fred S, founder, chairman, CEO and president of Memphis-based FedEx Corp., has joined the short list of people whose names are circulating as potential bidders for a majority stake in the St. Louis Rams.</p><p></p><p>Smith has the financial resources to buy an NFL franchise. His nearly 20 million shares of FedEx stock alone are worth about $1 billion and his annual base salary tops $1.1 million. He already owns a 10 percent stake in the Washington Redskins — which he would have to sell — worth about $150 million, based on Forbes magazine’s $1.5 billion valuation of the team.</p><p></p><p>Smith’s long-running relationship with the NFL and its owners, his business background, and his family’s passion for football would make him an ideal lead owner in the nation’s wealthiest and most prestigious sports league, industry sources say.</p><p></p><p>“Fred S would be an owner straight out of central casting for the NFL,” said Mark Ganis, president of Chicago-based consulting firm Sportscorp Ltd. “He would be very well received in NFL circles. They know him well. He is an entrepreneur who built a business from scratch into one of the most successful companies in the world. He has a marketing and customer service background. He has a love of the game of football. And he looks the part.”</p></blockquote><p></p>
[QUOTE="SmithBarney, post: 550830, member: 709"] I see where my raise is going... [url]http://stlouis.bizjournals.com/stlouis/stories/2009/06/22/story3.html[/url] Fred S, founder, chairman, CEO and president of Memphis-based FedEx Corp., has joined the short list of people whose names are circulating as potential bidders for a majority stake in the St. Louis Rams. Smith has the financial resources to buy an NFL franchise. His nearly 20 million shares of FedEx stock alone are worth about $1 billion and his annual base salary tops $1.1 million. He already owns a 10 percent stake in the Washington Redskins — which he would have to sell — worth about $150 million, based on Forbes magazine’s $1.5 billion valuation of the team. Smith’s long-running relationship with the NFL and its owners, his business background, and his family’s passion for football would make him an ideal lead owner in the nation’s wealthiest and most prestigious sports league, industry sources say. “Fred S would be an owner straight out of central casting for the NFL,” said Mark Ganis, president of Chicago-based consulting firm Sportscorp Ltd. “He would be very well received in NFL circles. They know him well. He is an entrepreneur who built a business from scratch into one of the most successful companies in the world. He has a marketing and customer service background. He has a love of the game of football. And he looks the part.” [/QUOTE]
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