A half-serious suggestion for thanking Jed York
Preface: not sure if this is Board or Diary material, and just in case this is a Mom-worthy offense I wanted to get this in today before OT season ends and there are consequences.
Anyway.
We've been jokingly thanking Jed York for a long time on this blog for being himself and firing Harbaugh, which delivered one of the best coaches in the game right into Michigan's lap. Someone on the board made a joke very early on about sending him - York - a gift basket, and I (and others) picked up on that. The last time I joked that Michigan fan should chip in to send Jed York a fruit basket and thank you note every year, there were a few people who responded that they'd be willing to donate their money to it, and that I should set up a Kickstarter (or something similar). That got me thinking about costs, effort, and how little I want to set up a crowd-funding request every year.
So instead, my thought was that we could set up a trust whose sole purpose would be to purchase a fruit basket for Jed York each year for the remainder of his life, and flowers for his grave each year after his death. Seriously. Well, half seriously.
I want to gauge interest, and see if an MGoAttorney could weigh in on whether this is possible, and maybe the yearly administrative costs. At the very least, this is a diary about what it takes to properly thank a man for 100 years for his decision to be a power-hungry jerk.
Long story short, for less than $30k, it's possible to buy a fruit basket and have it delivered to Jed York each year until he dies, after which the trust would buy flowers to be delivered to his grave once per year, until the money runs out 100 years from now.
The pension finance expert in me needs to share my actuarial assumptions, which are on the conservative side. I think we have a couple MGoActuaries here, and this is actually a pretty simple math problem, so any validation of these figures would be appreciated.
Age today | 36 |
Age at death | 100 |
Years after death to deliver flowers | 35 |
Cost of fruit basket today | $125 |
Fruit basket inflation | 5% |
Cost of fruit basket delivery toda | $15 |
Fruit basket delivery inflation | 5% |
Cost of flower delivery today | $80 |
Flower delivery inflation | 5% |
Cost of setting up a trust (is this accurate??) | $500 |
Yearly administratiive costs for a trust (is this accurate??) | $500 |
Administrative cost inflation | 2% |
Expected annual investment return net of fees | 5% |
Trust years of operation | 100 |
Lump sum funding requirement | $25,195.04 |
I wish I could attach my excel spreadsheet, because it gets hilarious in the later years.
What do you all think? I think it would hilarious to annually remind Mr. York, and his kids, and his grandkids, about an awful management decision he made in his early 30s. This trust would outlive Jed York and all of us, so by contributing to this, you'd make sure that part of your Michigan fandom - specifically, the ironic and vindictive side - carries on for a whole century. That's the Michigan difference. Go Blue.
August 26th, 2016 at 2:11 PM ^
So you want to send a fruit basket mocking him for firing a man who belittled him?
I'm happy that Harbaugh is back, but let's take a breathe before we spend $30k on a joke.
Not to mention the fact that the joke could backfire horribly if...
(1) the 49ers get good
(2) Harbaugh leaves Michigan in the near future
(3) Harbaugh is unable to return Michigan to its former dominance
(4) a million other unforeseeable occurences happen
August 26th, 2016 at 2:23 PM ^
let's take a breathe. Inhal, exhal, inhal, exhal.
August 26th, 2016 at 2:25 PM ^
Crap.
August 27th, 2016 at 6:14 PM ^
August 26th, 2016 at 3:17 PM ^
August 26th, 2016 at 3:27 PM ^
August 26th, 2016 at 2:22 PM ^
So not until we beat MSU and OSU...
August 26th, 2016 at 4:43 PM ^
Every December 30?
August 26th, 2016 at 5:01 PM ^
Would Jim Harbaugh quit after 100 years? Neither should the trust.
For a little under $100K, this could last 1000 years. Of course, by the end of it, the poor administrator is getting paid an tiny fraction of what it costs to deliver flowers, but I doubt Pope Lando XLII will mind continuing his honorable family's tradition despite the pittance.
August 26th, 2016 at 5:53 PM ^
August 27th, 2016 at 12:05 AM ^
head soccer 2 is second version of big head game. It has a lot of football games on top of the world head soccerand Head Soccer Unblocked
September 7th, 2016 at 3:13 PM ^
scott frost married a fetus
August 27th, 2016 at 7:36 PM ^
and would consider contributing. However, I think before we do so... Michigan (seriously) needs to beat MSU and OSU and have something tangible to show ie) at least a conference championship. Additionally, the Buddhist in me thinks it might beget bad karma.... But if we will the National Championish, then hell yes (but only for that year AND every other year we when it). Or even perhaps, evey year we make into the top 4 for the playoffs... that might be the most appropriate.
August 29th, 2016 at 10:57 AM ^
I'm all for ONE fruit basket but not in perpetuity. But only after we beat MSU and OSU and the 49ers miss the playoffs, again.
August 30th, 2016 at 10:07 PM ^
Carry a joke/vengeance on too long, and people forget what the original meaning was -- so that it has no meaning at all. But one gigantic thank-you gift, immediately following a year of dizzying Michigan dominance and mind-numbing 49er obsolescence? Priceless. Count me in on that one.
August 31st, 2016 at 7:23 PM ^
I like this idea, but I dislike the part about continuing to mock him after he is dead. Seems in poor taste.
September 7th, 2016 at 3:16 PM ^
scott frost married a fetus
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