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Author Topic: Fry still owns planet express.  (Read 1820 times)
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Pitt Clemens

Urban Legend
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« on: 01-19-2006 10:24 »
« Last Edit on: 01-19-2006 10:24 »

This just came to me the other day.  In Futurestock, Fry gains control of the majority of PLNX Stock, which is of course worthless, all the same, he owns it all.  After this, he appoints Professor Farnsworth as the acting chairman, but he keeps all of his stock, right?  So at the end of the day, Fry is a delivery boy for the company he completely owns.
akira

Crustacean
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« Reply #1 on: 01-19-2006 10:28 »

yea ure right so shouldnt he get all the profit from the company
Blane

Professor
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« Reply #2 on: 01-19-2006 10:28 »

Yeah, i saw future stock today aswell. I noticed that and another thought occured to me. correct me if im wrong (i wasn't watching too closely) but doesnt "that guy" get all his stock from zoidberg? so doesnt that mean zoidberg owned the company before fry?
mookie427

Liquid Emperor
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« Reply #3 on: 01-19-2006 10:59 »

Oh yeah.....its all clear now....
liability

Crustacean
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« Reply #4 on: 01-19-2006 12:04 »

no blane he owend most of the stock & the proffeser probebly got the stock back
Dave B

Urban Legend
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« Reply #5 on: 01-19-2006 12:08 »

Professor is the founder of the company though so he technically OWNS it but yeah Fry must still be the majority shareholder lol!
Gopher

Fallback Guy
Space Pope
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« Reply #6 on: 01-19-2006 12:14 »

founding the company has nothing to do with it, once a company sells stock the stockholders own it. Fry probably kept the stock, not like it's worth anything and fry doesn't wany the responsibility of running the company. And farnsworth probably figures Fry will die on one of the "perfectly safe" missions he's always sending his crew on.

sometimes I think farnsworth must be frustrated with his new crew's annoying habit of surviving missions; none of the old crews ever stayed around long enough to expect bonuses, or raises, or to have their names be remembered.
Nanmo

Bending Unit
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« Reply #7 on: 01-20-2006 01:50 »

 
Quote
or to have their names be remembered.
And the Professor has a hard enough time remembering the names of people he sees everyday!

I never really thought about this before, so I guess unless something happened while we weren’t looking. Fry owns the company. He's probably too dumb to realize it though.
Dave B

Urban Legend
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« Reply #8 on: 01-20-2006 05:54 »

 
Quote
Originally posted by Nanmo:
 
Quote
or to have their names be remembered.
And the Professor has a hard enough time remembering the names of people he sees everyday!

I never really thought about this before, so I guess unless something happened while we weren’t looking. Fry owns the company. He's probably too dumb to realize it though.

And Hermes doesn't want to bring it up for the possible actions Fry would take [shudders]
jmcconnell86

Crustacean
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« Reply #9 on: 01-20-2006 08:15 »

It's only right that Fry has majority stock. He tried to talk everyone else out of becoming filthy rich and leaving Planet Express because Fry really liked being with them. He thought of it as his family. So it's good that he has majority because he wouldn't do anything like sell it all to become filthy rich (like that'll happen anyway). Anyone else, including leela, would sell it eventually I think.



Warning: massive FFVII fanboy
Dave B

Urban Legend
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« Reply #10 on: 01-20-2006 08:26 »

 
Quote
Originally posted by jmcconnell86:
It's only right that Fry has majority stock. He tried to talk everyone else out of becoming filthy rich and leaving Planet Express because Fry really liked being with them. He thought of it as his family. So it's good that he has majority because he wouldn't do anything like sell it all to become filthy rich (like that'll happen anyway). Anyone else, including leela, would sell it eventually I think.


Yeah thats true...

By the way FF7 rules mate I know! Is there a new movie or something???
Javier Lopez

Urban Legend
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« Reply #11 on: 01-20-2006 10:44 »

a Wizzard turned back all his stocks to Farnsworth
Nasty Pasty

DOOP Secretary
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« Reply #12 on: 01-20-2006 11:16 »

Suuuure, blame the wizards...
Wooter

Urban Legend
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« Reply #13 on: 01-20-2006 16:07 »

 
Quote
Originally posted by Javier Lopez:
a Wizzard turned back all his stocks to Farnsworth

Rincewind did all that? I thought he was just good for running!
totalnerd undercanada

DOOP Ubersecretary
**
« Reply #14 on: 01-20-2006 17:11 »

Actually, when Fry turns control of the company over to Farnsworth, he effectively makes the professor the majority shareholder once more.

The professor would either have to have the right to subrogation of Fry's interests, or else power of attorney over him for it to work any other way, in which case, the professor would not only own all the stock owned by Fry, he would legally own Fry and anything that Fry owns as well.

This probably made Hermes happy, since it means that he can continue to swindle the professor blind... which is what I assume he was doing before That Guy came to work for Planet Express.
No.Im-Doesnt

Bending Unit
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« Reply #15 on: 01-20-2006 19:00 »

Hes to dumb to know that much they could of told him they got it and he would be like okay...
Teral

Helpy McHelphelp
DOOP Secretary
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« Reply #16 on: 01-21-2006 08:03 »

Hmm, I see to possibilities.

That Guy bought majority control of PlanEx from Zoidberg. Fair enough, all legal and everything.

Then when he dies, Fry suddenly gain ownership of his 51% of PlanEx. How?

If That Guy owned the shares as a private person, the only way Fry could get them was if he inherited it and That Guy doesn't strike me as the kind of person who would leave anything to anyone (vis-a-vis his definition of friendship). Since That Guy doesn't have any living relatives or close relations I guess the company (ie the other shareholders) could vote to annul his shares. But that would mean Fry had no vote in the merger and couldn't overrule Leela, Amy, Bender, et al.

The other possibility is That Guy owned the shares in his role as Chairman of PlanEx, ie. meaning the shares belonged to the Board. When That Guy died Fry, as Vice Chariman gained control of the shares, overruled the merger and picked Farnsworth as the new Chairman. Thus Farnsworth now has majority control of PlanEx.
Pitt Clemens

Urban Legend
***
« Reply #17 on: 01-22-2006 16:31 »
« Last Edit on: 01-22-2006 16:31 »

That's not it.  Fry maintains position as majority stockholder, and thus Farnsworth was re-hired by the stock majority.  Frys worthless stocks go nowhere, and he hires Farnsworth who becomes his boss, while simultaniously being an employee for the stockholders, i.e. Fry.

So, in addition to being his own grandpa, Fry is also the boss of the company that hired him.
totalnerd undercanada

DOOP Ubersecretary
**
« Reply #18 on: 06-05-2006 19:47 »

When Fry turns control of PX over to Farnsworth, he effectively makes Farnsworth the majority stockholder, since he gives his shares to the Professor in resigning from the board. He becomes once more the employee of PX, and the Professor becomes majority stockholder, CEO, and a little bit more senile.

In the event that Fry owned the company after the events in Futurestocks, I see no reason why Farnsworth would not have been able to swindle Fry out of any shares that he retained, anyway. Remember, he's a senile, amoral crackpot with a genius IQ. He's capable of anything.
Shiny

Professor
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« Reply #19 on: 06-05-2006 22:23 »
« Last Edit on: 06-05-2006 22:23 »

I think everyone's barking up the wrong artificial tree, here.  No one ever said Fry gained OWNERSHIP of the shares, only that he gained voting control over them.  Not the same thing at all.  Say I own 30% of a company's shares, but I'm a worthless, lazy, layabout who doesn't want to be bothered showing for meetings.  So I choose a proxy voter, and gad off to the French Riviera to have affairs and get roaring drunk (not necessarily in that order).  My proxy has voting control of my stock, but I still own them.

Fry said he gained voting control because he was vice-chairman; therefore presumably That Guy had established a policy (or maybe it's a standard business practice, even, I dunno) that if a stockholder  were not present at a meeting and did not name a proxy, the chairman - or in his absence, the vice-chairman - could vote with the power behind the absent person's shares. 

When That Guy died, Fry inherited the right to vote the shares, NOT the shares themselves.  The ownership is entirely separate.  I don't know what happens to shares in a company when the owner dies without heirs; I suppose it's just possible that That Guy named Fry as his heir to discourage an on-the-job "accident" (so that he couldn't be "offed" as an easy solution to kicking him out) but he seemed more prone to overweening confidence than paranoia, so I wouldn't immediately think so.

I suspect they became "up in the air" and Hermes saw that they went back to the Professor.  Which brings me to....

 
Quote
totalnerduk said:
This probably made Hermes happy, since it means that he can continue to swindle the professor blind... which is what I assume he was doing before That Guy came to work for Planet Express.

  no no You don't seem to understand the bureaucratic mind fully....  Do you realize how many forms Hermes would have to fill out incorrectly in order to hide an embezzlement?!  He'd have a hernia just thinking about it!

Anal retentive people really just don't care enough to steal money; they're too busy worrying about whether all the money is filed in ascending order by value, stacked face-up, and turned the same way.   wink

Now, pray excuse me...I have to go re-arrange my colored pencils by spectrum value and shade intensity....


Shiny, Bureacrat Grade "Wage Slave," Second Class


P.S. - Hey, speaking of anal retentive, I had some fun a while ago playing with numbers as it relates to Future Stock, as in who owned how much and so forth.  Anyone interested in seeing that? 

And if you are, should I post that here, or is it off-topic enough to start a new thread?
TomAllen

Bending Unit
***
« Reply #20 on: 06-07-2006 14:34 »

So I've read all the arguments about who owns what amount of PE stock, and blah, blah, blah, zzzzz.

Whether Fry or the Professor or whoever technically owned PE at the end of "Future Stock" -- do you think he or she kept it?  I mean, at the end of the episode, PE stock was only worth 3 kajiggers.  For all we know, Hattie and her cat bought up all the stock.  Or Zoidberg needed more toilet paper.

Stock options are so -- yawn -- and stock trading is such -- thud!  Until a guy with bone-itis shows up!

As Farnsworth says: "This isn't a business. I've always thought of it more of a source of cheap labor, like a family."

PE is a family, with all the danger and low wages that implies.
Pedro La Loco

Bending Unit
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« Reply #21 on: 06-15-2006 15:22 »

He owns It but he's too stupid to understand the value of that and the professor wouldn't take the ti me to explain it to him because he wants the money and power
Dai

Starship Captain
****
« Reply #22 on: 07-05-2006 08:12 »

 
Quote
Originally posted by totalnerduk:
Actually, when Fry turns control of the company over to Farnsworth, he effectively makes the professor the majority shareholder once more.

The professor would either have to have the right to subrogation of Fry's interests, or else power of attorney over him for it to work any other way, in which case, the professor would not only own all the stock owned by Fry, he would legally own Fry and anything that Fry owns as well.

This probably made Hermes happy, since it means that he can continue to swindle the professor blind... which is what I assume he was doing before That Guy came to work for Planet Express.

the proffesor can't have power of attorney over fry because bender has it, so unless bender signs it over to the professor, the company may belong to bender! who must be fabulously rich anyway.
futz
Liquid Emperor
**
« Reply #23 on: 07-05-2006 18:13 »

According to the script

PE Outstanding Shares

Hattie...................1
Leela.............10,000
Prof/Hermes....40,000 (unclear how split)
Scruffy..........40,000
Fry...............10,000
Total (49%)..100,001

Zoidb.(51%)..104,083

If That Guy died after finalizing purchase of stock (paperwork) from Zoidburg the stock would probably go to the state having no known eligible relatives. If the sale/paperwork was not complete the stock would revert to Zoidburg. Possible, since That Guy also forgot to have his Boneitis cured.
Dai

Starship Captain
****
« Reply #24 on: 07-06-2006 15:36 »

Woah! I'm not reading that crap! summarise it  in one word!
Xanfor

DOOP Secretary
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« Reply #25 on: 07-06-2006 16:05 »

Zoidberg.

futz
Liquid Emperor
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« Reply #26 on: 07-06-2006 17:23 »

Or Morgan may have another reason to be at PE.
Shiny

Professor
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« Reply #27 on: 07-07-2006 19:30 »

Well, since the futzmeister scooped me, I decided to go ahead and plug mine in anyway in a gesture of futility.  I did it over a year ago, but was never sure in what forum to post it....

Futurestock Breakdown:
Or, How I Had Fun With a Spreadsheet Program and Lived to Tally the Tale

I decided to figure out exactly how many shares of stock Zoidberg gave to That Guy in exchange for a sandwich, and how the percentages of ownership went.  So I broke the PE crew into three groups:

Group 1: Scruffy (40,000), Fry (10,000), and Hattie (1) = 50,001
Group 2: Farnsworth, Hermes, Leela, Bender, Amy (10,000 each) = 50,000
Group 3: Zoidberg/That Guy = ?

Given that 100,001 shares had to equal 49% of Planet Express, and figuring that PE has a nice round number of shares, that gave me 104,999 shares that Zoidberg sells to That Guy, aka Steve Castle.  This gives Planet Express a total of 205,000 shares.

100,001 is 48.78% of 205,000 - owned by Groups 1&2 (rounded, 49%)
104,999 is 51.22% of 205,000 - owned by Group 3 (rounded, 51%)

I imagined PE stocks organized in batches of 10,000 with one more batch of 5,000; If the Professor had wanted to keep control of his own company, he’d have retained 105,000 shares and let the remaining 100,000 go to employees (probably in exchange for wages the failing company couldn’t pay them, or benefits it couldn’t provide).  Hattie bought one, leaving a batch of 9,999 - or perhaps Hermes took it out of the 5,000 batch, leaving 4,999.

Hermes allegedly gave the shares to Zoidberg to use as toilet paper when they were worthless.  Actually, I suspect Hermes was using Zoidberg as a tax dodge, or setting him up as a scapegoat (In fact, taking PE public in the first place was probably a way to hide the company’s shaky state).  Knowing that Zoidberg could be counted on to trade them back for food if they were ever worth anything, Hermes probably figured they did no harm in Zoidberg’s claws.  Soon he gave away 94,999, which combined with Zoidberg’s base fund, made 51% of PE.

If the sale of PE had gone through before That Guy's boneitis kicked in, all those with 10,000 shares would have had $1,070,000.00 to play with.  Scruffy would have scored $4.25 million, and That Guy would have made "a cool" $11 million or so. During the course of Fry’s speech the worth of Planet Express in its entirety went from $21,935,000.00 (and at one point in the middle it soared to $30,750,000) to $6,150.00 at the end.

If the sale had gone through at the final rate, most of our heroes would have ended up with $300, AND been out of a job.   Thank heavens Hattie noticed it was only worth three kajiggers when she did!
Javier Lopez

Urban Legend
***
« Reply #28 on: 07-08-2006 08:14 »

Its like the poplers thing..
The millions selled would had made PE crew millionary. again a wizard took all their money..

dont try to get continuity in Futurama because there isnt..
Zoid was a healty person until one episode and from that it was funny have him as a miserable poor, and in the comic he owns a car.
The PE ship needed 2 days to cross 1000 light years, yet in other episodes it can cross the entire universe in hours.
The PE ship could defend and destroy 2 pirate warships and able to avoid an entire fleet of Omicronian destroyers, in other it was unable to simply evade a pity mafia car.

It no matters how rich hey can be, a wizzard will take all their money in the end to became normal in the next
Shiny

Professor
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« Reply #29 on: 07-08-2006 13:26 »
« Last Edit on: 07-08-2006 13:26 »

Not listening NOT LISTENING!  LA-LA-LA-LA-LA-LA-LA!

    no no

Seriously.  Stop foiling our fun.  The point is to come up with excuses to PRESERVE the continuity.  Any idiot can point out errors. 

For example: any old jerk can point out that Old Trek Klingons have got no bony-ridge-thingies on their skulls while post-movie Trek Klingons do.  But it takes a rare creative genius to write Worf saying "It is a thing of which we do not speak," thus preserving the continuity of Trek in one ten-word line while making millions of fans laugh their asses off.

You can be a genius, or you can be a jerk - the choice is up to you.

Oh, wait - you already made your choice.

   evil laugh
Bend-aid

Crustacean
*
« Reply #30 on: 07-09-2006 03:01 »

Yeah but at the end of the day fry deserves the money and he could get it anyway, HE'S THE OLDEST! {TEE HEE}
Xanfor

DOOP Secretary
*
« Reply #31 on: 07-09-2006 15:00 »
« Last Edit on: 07-10-2006 00:00 »

Shiny, please tell me what episode Worf says that. Please!!!

Shiny

Professor
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« Reply #32 on: 07-09-2006 15:17 »

Uh...the one where they mixed in footage from "Trouble with Tribbles...?"  Sorry, don't know the title. 

(Haven't actually seen it myself...read several articles that mention it, though. )
KurtPikachu2001

Urban Legend
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« Reply #33 on: 07-09-2006 21:30 »

Fry, I guess would own part of Planet Express, considering he's Farnsworth's great 30+ nephew.  Question is once Farnsworth passes away, will he give Planet Express to Fry or Cubert?
Bend-aid

Crustacean
*
« Reply #34 on: 07-09-2006 21:34 »

cubert, of course. thats what cubert was created for, to carry on the proffesers work. Plant express is his work
Shiny

Professor
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« Reply #35 on: 07-09-2006 22:53 »

Fry isn't Farnsworth's nephew, the Prof is FRY's nephew!  And yeah, Cubert already inherited PE - under strategy Dwight Lightning.  Remember?  tongue
Xanfor

DOOP Secretary
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« Reply #36 on: 07-10-2006 04:33 »

'Trails and Tribblations', it's called. 30th anniversary episode of the series. And I can't find it anywhere!

Bend-aid

Crustacean
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« Reply #37 on: 07-10-2006 18:48 »

thats true!
Danny FutureBoy

Crustacean
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« Reply #38 on: 08-19-2006 09:03 »


It wouldnt matter who own planet express as the company doesnt actually seem to make any money. Probably because they use an interplantery space ship to deliver a single package at a time, also the crew never seem to collect any money!

Futurama Llama

Starship Captain
****
« Reply #39 on: 08-19-2006 10:17 »

I've noticed that too. For all the perils that the PE crew are thrown into, you still never see them getting paid. It's just a littole thing, but it is still noticeable.
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