Federal Express Quote by Alan C. Greenberg
““This may come as a surprise to some of you, but Federal Express is not a wholly owned subsidiary of Bear, Stearns & Co. Inc. I mention this because we have been spending $50,000 a month with them and there is no explanation to justify this expenditure unless it was an intercompany transfer.””
About This Quote
Source Speech: Investor conference, 1998, Alan C. Greenberg
He points out an unexpected corporate relationship that seems unjustified without a clear business reason.
In simple terms: Unexpected corporate link lacks clear justification.
Key Takeaway
Investigate hidden costs before spending.
Themes
corporate governance
financial transparency
due diligence
Mood
skeptical
analytical
Type
business
financial
When to use this quote
- budget reviews
- financial audits
- vendor negotiations
Key Concepts
intercompany transactions
cost justification
Questions to Reflect On
- What evidence supports the expense?
- How can transparency be improved?
A Different Perspective
The claim may be based on incomplete information.
![“Not every company went bankrupt. Not every bank needed TARP [Troubled Asset Relief Program]. So I'm very proud that JPMorgan, throughout that time period, was completely steadfast. We bought Bear Stearns because we thought we were helping the situation. We didn't cut and run.” quote by Jamie Dimon](https://sms4smile.com/quotes/img-quotes/04a/jamie-dimon-1320_assets_not-every-company-went-bankrupt-not-ever_128310.jpg)
