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FedEx Loses Suit In Wrongful Dismissal Case
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<blockquote data-quote="fedx" data-source="post: 4010819" data-attributes="member: 64891"><p>So FedEx runs on such thin margins that they can't give employees better pay? Then why doesn't FedEx just post that on giant banners in all their stations and ramps? Put up a big banner saying "We at FedEx can't pay you better, because we run on thin margins". I think if they posted that everywhere and put that reminder in all their vehicles all the employees would understand. You made some great points like using leftover money for paying stock dividends (which isn't a requirement in stocks-it's just an option), capital investments, but you forgot other things like paying $30 million a year for a nascar race car, paying giant salaries for executives, paying giant bonuses for executives. If FedEx runs on such thin margins, why are their pilots the highest paid of any airline business? </p><p></p><p>Some of their capital investments didn't go so well-like that TNT purchase. Talk about an eventual collapse. That investment might bring down the company in the long run. I really don't see how they have such little leftover when they charge $30-$45 for an envelope and they have literally hundreds of thousands of those envelopes running through their system every night. That's not even counting all the millions of boxes every night that cost $70-$100 to ship. Maybe they can spare some of their capital investment money and put it towards pay.</p></blockquote><p></p>
[QUOTE="fedx, post: 4010819, member: 64891"] So FedEx runs on such thin margins that they can't give employees better pay? Then why doesn't FedEx just post that on giant banners in all their stations and ramps? Put up a big banner saying "We at FedEx can't pay you better, because we run on thin margins". I think if they posted that everywhere and put that reminder in all their vehicles all the employees would understand. You made some great points like using leftover money for paying stock dividends (which isn't a requirement in stocks-it's just an option), capital investments, but you forgot other things like paying $30 million a year for a nascar race car, paying giant salaries for executives, paying giant bonuses for executives. If FedEx runs on such thin margins, why are their pilots the highest paid of any airline business? Some of their capital investments didn't go so well-like that TNT purchase. Talk about an eventual collapse. That investment might bring down the company in the long run. I really don't see how they have such little leftover when they charge $30-$45 for an envelope and they have literally hundreds of thousands of those envelopes running through their system every night. That's not even counting all the millions of boxes every night that cost $70-$100 to ship. Maybe they can spare some of their capital investment money and put it towards pay. [/QUOTE]
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