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Pepsi $Billion contest rules...

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Old Jul 14, 2003 | 07:57 AM
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Default Pepsi $Billion contest rules...

It is a nice contest, which I am sure they have the odds stacked against anyone actually winning the $BILLION....but even if someone does, look at the rules.... You get some kind of goofy $710M ballon payout on the 40th year.......or.... you can take a $250M lump sum (in bold below) payment...........so shouldn't the contest be called "
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Old Jul 14, 2003 | 07:59 AM
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This is just like those ads for new cars..... $9,999 gets you a brand new Nissan Altima


$14,999 - MSRP-
- 1,500 - Manufactures rebate
- 3,500 - cash or trade
--------------
$ 9,999.

Well...... where the hell does the cash or trade come from? That is from the buyer! That would actually be a $13,499 car, not $9,999.

Everything is a scam......

ps... if you want to be signed up for "prepaid legal" please PM me.
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Old Jul 14, 2003 | 08:15 AM
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The name is a legal requirement so the IRS can charge you $500,000,000 in taxes before you see any of the money!
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Old Jul 14, 2003 | 08:18 AM
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Haha, I love companies that try and fool smart people.
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Old Jul 14, 2003 | 02:15 PM
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I wouldn't be complaining about a $250,000,000 lump sum!! Damn, you guys are so picky!
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Old Jul 14, 2003 | 02:20 PM
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[QUOTE]Originally posted by QUIKAG
[B]I wouldn't be complaining about a $250,000,000 lump sum!!
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Old Jul 14, 2003 | 04:51 PM
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with $250 Million, I'm gonna get myself a real Gran Turismo garage.
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Old Jul 14, 2003 | 05:50 PM
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they have the contest sooooo rigged that it would be nearly impossible for someone to win the $250M (which by the way is only
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Old Jul 14, 2003 | 06:39 PM
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Originally posted by koala


I wonder what the interest would be like on $250,000,000.

With interest rates where they are at the moment, about $2.5million per year. But then you have to remember that your lump sum will be effectively reducing by the amount of inflation each year.

Having said that, I think I could live on $250 million
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Old Jul 14, 2003 | 06:55 PM
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Oh yeah. I mean, take $50 M and invest, who cares if you lose it, you've still got a big pile left.

think, you could live an AMAZING life for $150,000 a year... you'd never run out of money.

Maybe up-front expenses of 5-10 million for some "toys"
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