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#81
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"Mike Rapoport" wrote in message . net... "Matt Barrow" wrote in message ... "Mike Rapoport" wrote in message . net... "Matt Barrow" wrote in message ... "Matt Barrow" wrote in message ... Walmart has never signed a single $4B deal AFAIK. The two I mentioned. Wal-Mart was perhaps the first compnay to do long term deals with their vendors, which is why they were able to get fabulous deals. Period. Furthermore I doubt that *any* supplier has ever lost Walmart as a customer because they could not arrive somewhere at a particular time. I also forgot to mention all the corporate buyouts that run well over $4 billion. Do you think that any of these buyouts or any other $4 transaction hinged on having a corporate jet? Certainly. Have you ever participated in one? They don't do it my phone calls and email. Yes I have and over the phone is how most of it is done. That's right! We spend days and weeks on the phone before going out and talking face to face about land, zoning, land use ordnances, contractorsm sub-contractors... We do tons of email and fax and FedEx packages seting things up. Then, we hop in the plane and meet all the parties involved. Once there is a conceptual deal, THEN you have the finance people, product people ect start getting together. Having people flying around to meet in person usually is discovered and the word gets out. Then the stocks go up and the deal can't be done. There was a large oil company aquisition that cost over $300MM more because someone thought it would be secret and clever to hold talks on their jets while they were parked next to each other. It didn't take a genius to figure what was going on It didn't take a genius to figure out what was going on BEFORE the started parking jets next to each other (this thing sounds like some goofy Hollyweird script). Funny, isn't it, that a few years ago video conferencing and high spped communications was thought to be the end of flying around and conducting meetings? Weren't we supposed to telecommute instead of having office space? Don't even get me started on the "paperless office". The point isn't (or shouldn't be) that being a bit late is solved by a business jet. In that you're correct. OTOH, it's not merely a notion that flying a team out to negotitate and conclude deals face-to-face, with the "highly compensated employees and executives" is HIGHLY beneficial AFTER a lot of leg work is completed. Matt --------------------- Matthew W. Barrow Site-Fill Homes, LLC. Montrose, CO MOF, John Deakin tells the story of one in his article after making the transition to the G-IV, and how the business crew prepped for their meeting during the flight. http://www.avweb.com/news/columns/185048-1.html (about 2/3rds down). I rather expect this is the rule more than the exception. This past week we began our "season" by doing a land buy and then negotiations with sub-contractors near San Antonio. The entire flight the contractor foremen were working up scenarios. We did the whole thing in one day and closed a $1.8M deal on two fronts. This is, of course, chicken feed compared to the Fortune 50 world. The fact remains that big deals are not lost due to the lack of a coporate jet to get people somewhere a few hours earlier.. Which wasn't the point (timing, though that is certainly a MINOR factor). |
#82
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In article w8s3e.130030$Ze3.41941@attbi_s51, Grumman-581
wrote: € "Alan Street" wrote in message € ... € That would imply about $400 billion a year turnover. According to € WalMart's financial statements, their total turnover was $259 billion € last year. ( http://finance.yahoo.com/q/is?s=WMT&annual ). € € Hey Alan... Didn't know that you frequent this group also... What's up? No € diving in San Diego this weekend? Up here the water has visibility as bad € as New Orleans and it's cold to boot... € € Actually, this is cross-posted to rec.travel.air, which I tend to hang out on (fair amount of business travel, and for a peon like me, never in the CitationX). But it's interesting to see the difference in perspectives between the front and back of the plane. The diving has been good recently, but I've been too busy to get wet. Hope to change that in a month or two. Alan |
#83
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In article w8s3e.130030$Ze3.41941@attbi_s51, Grumman-581
wrote: € "Alan Street" wrote in message € ... € That would imply about $400 billion a year turnover. According to € WalMart's financial statements, their total turnover was $259 billion € last year. ( http://finance.yahoo.com/q/is?s=WMT&annual ). € € Hey Alan... Didn't know that you frequent this group also... What's up? No € diving in San Diego this weekend? Up here the water has visibility as bad € as New Orleans and it's cold to boot... € € Actually, this is cross-posted to rec.travel.air, which I tend to hang out on (fair amount of business travel, and for a peon like me, never in the CitationX). But it's interesting to see the difference in perspectives between the front and back of the plane. The diving has been good recently, but I've been too busy to get wet. Hope to change that in a month or two. Alan |
#84
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There is also the point that many corporations have policies that
prohibit having more than one or two high level/ key executives on the same flight, just in case. Randy |
#85
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There is also the point that many corporations have policies that
prohibit having more than one or two high level/ key executives on the same flight, just in case. Randy |
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