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From The Chairman: The Real Letter
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<blockquote data-quote="MrFedEx" data-source="post: 1087063" data-attributes="member: 12508"><p>I finally got my copy of "From The Chairman" today and couldn't believe the lies and misrepresentations. Smith says we have a 39% corporate tax rate and high unemployment, and then compares us to Singapore, a tiny island nation with a lower corporate tax rate and much lower unemployment. This is like comparing apples with land mines...a totally invalid analysis. Hey Fred! What's the average income in Singapore? Yep, it's very high, and ours is very low by comparison. Forgot to mention that, along with the fact that Singapore isn't exacty a representative democracy. Oops.</p><p></p><p>Oh, and we now have a "purpose" at FedEx. What a steaming load of BS, thick with flies and stench. I especially loved all of the congratulations for the "superb" peak season. This smells even worse than the so-called "purpose", because everyone knows Peak 2012 was a cluster of epic proportions.</p><p></p><p>His biggest stumble is health care, where he says (in code-speak) that because FedEx is self-insured that we the employees are going to have to pay more. Never mind that corporate profits are soaring...we still get to pay more and receive less.</p><p></p><p>Our real purpose at FedEx is to make Fred more money, so he can give more money to his personal politicians who will lobby for the corporate tax rate cuts he wants so badly. Pure crap, from someone who will continue to take from you because our government has given him the means to do so (The RLA).</p><p></p><p>Watch for an ever-increasing spew of garbage about "sustainability"," public service", and "purpose" as Fred trots out more Ronald McDonald houses, buys a few electric vans, and trasports pandas to and fro. All smoke and mirrors.</p></blockquote><p></p>
[QUOTE="MrFedEx, post: 1087063, member: 12508"] I finally got my copy of "From The Chairman" today and couldn't believe the lies and misrepresentations. Smith says we have a 39% corporate tax rate and high unemployment, and then compares us to Singapore, a tiny island nation with a lower corporate tax rate and much lower unemployment. This is like comparing apples with land mines...a totally invalid analysis. Hey Fred! What's the average income in Singapore? Yep, it's very high, and ours is very low by comparison. Forgot to mention that, along with the fact that Singapore isn't exacty a representative democracy. Oops. Oh, and we now have a "purpose" at FedEx. What a steaming load of BS, thick with flies and stench. I especially loved all of the congratulations for the "superb" peak season. This smells even worse than the so-called "purpose", because everyone knows Peak 2012 was a cluster of epic proportions. His biggest stumble is health care, where he says (in code-speak) that because FedEx is self-insured that we the employees are going to have to pay more. Never mind that corporate profits are soaring...we still get to pay more and receive less. Our real purpose at FedEx is to make Fred more money, so he can give more money to his personal politicians who will lobby for the corporate tax rate cuts he wants so badly. Pure crap, from someone who will continue to take from you because our government has given him the means to do so (The RLA). Watch for an ever-increasing spew of garbage about "sustainability"," public service", and "purpose" as Fred trots out more Ronald McDonald houses, buys a few electric vans, and trasports pandas to and fro. All smoke and mirrors. [/QUOTE]
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