Raises for 2019

[59 Dano]

Like THAT'S gonna' stop them from being unhappy.

BTW, this sounds like insider information.

Either the upper echelons need to run everything by Dano for approval or they send you an email about this so you can pass it along to us. Now which is it?

Detection of sarcasm isn't your strong point, is it?

 

[59 Dano]

Bloomberg - Are you a robot?

We may not ever know the true reason for the losses. A friend was in a meeting three weeks ago. It was about losses and how spending was to be cut tight. The reason about TNT losing money. He basically said that we deal with $15 dollar packages, TNT deals with $5 packages, and there was no way to integrate them together. It was also mentioned that the guy who headed this acquisition was let go last year for the poor results. Maybe the virus did cost them a bundle, but it appears that it was a crappy purchase anyway and they are trying to blame it all on the virus.

Have you met bacha?

 

[Empty Pockets]

FedEx did buy, take over, or what ever the correct word to acquire another company two weeks ago. Is that were the rest of our raise went?

https://www.crunchbase.com/organization/fedex/acquisitions/acquisitions_list

Cargex
Aug 29, 2019 —
Logo of Cargex acquired by FedEx
Cargex acquired by FedEx

Flying Cargo
Jan 15, 2019 —
Flying Cargo acquired by FedEx

Manton Air-Sea Pty Ltd.
Oct 18, 2018 —
Manton Air-Sea Pty Ltd. acquired by FedEx

P2P Mailing
Mar 27, 2018 £92M
P2P Mailing acquired by FedEx

Northwest Research, Inc.
Oct 18, 2017 —
Northwest Research, Inc. acquired by FedEx

TNT Express
Apr 7, 2016 €4.4B
TNT Express acquired by FedEx