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Pathetic Purple FPP Payout
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<blockquote data-quote="vantexan" data-source="post: 692219" data-attributes="member: 24302"><p>I'm just pointing out what Fred S told Wall Street reps in a teleconference at about the same time we were told that the pension plan would be terminated in 2008. That's a fact and I believe the extra money saved from funding our pension plan was used to show an increase in profit to show growth and keep Wall Street analysts happy. If a company grosses, say, 35 billion, and improves profit by 3%, isn't 3% of 35 billion more than 1 billion dollars? Feel free to show me my error, I want this to be accurate. Not being snide, I sincerely want correct info. By the way, not saying the extra pension money alone was used, only that it contributed to the goal of 10% that Fred S predicted. Whether or not we ever hit that goal, I don't know. But it's obvious that maintaining high profits and a high stock price is what's important.</p></blockquote><p></p>
[QUOTE="vantexan, post: 692219, member: 24302"] I'm just pointing out what Fred S told Wall Street reps in a teleconference at about the same time we were told that the pension plan would be terminated in 2008. That's a fact and I believe the extra money saved from funding our pension plan was used to show an increase in profit to show growth and keep Wall Street analysts happy. If a company grosses, say, 35 billion, and improves profit by 3%, isn't 3% of 35 billion more than 1 billion dollars? Feel free to show me my error, I want this to be accurate. Not being snide, I sincerely want correct info. By the way, not saying the extra pension money alone was used, only that it contributed to the goal of 10% that Fred S predicted. Whether or not we ever hit that goal, I don't know. But it's obvious that maintaining high profits and a high stock price is what's important. [/QUOTE]
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