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Bob, I agreed with you 100%. For those of you
not familiar with using your credit cards overseas, AMEX always “built-in”
their international service fees (per transaction) directly on the charge
amount – (The following is printed on your AMEX statement: “Foreign
Currency conversion rate is base rate plus 2%. See legal disclosures for
details”). You should have voiced your complain to
financial institutions like AMEX, Visa, or Mastercard. Our host in Regards Jacky From: Grow, Bob [mailto:bob.grow@INTEL.COM] Colleagues: If there is really serious concern about
the ~$11 difference between the "advertised" registration fee and
what showed up on your credit card bill, please direct your comments to
me. Under the LMSC P&P, I as WG Chair am ultimately responsible for
approving the meeting budget and meeting fee. I apologize to the WG for
not making sure the meeting fee was announced in Won, how it was budgeted, with
US $ clearly marked as an estimate on the web page. Hopefully this will
not occur again. It has been suggested that the meeting fee
be fixed in US $. It is my opinion that it is inappropriate to ask our
hosts to take on the additional risks of currency fluctuation in addition to
the other liabilities we ask them to incur. In this case, our hosts went
far beyond what we ask of hosts. I thank our hosts for their very substantial
financial contribution to the meeting. While on the dinner cruise
provided to us at no charge, I received favorable comments from a number of you
about the meeting. More than one person joked that they expected the same
when meeting in Those of you who think that the hotel set
the exchange rate for the meeting fee are, I believe, in error. If
you were charged in Won, it is the bank behind your credit card that sets the
exchange rate. For those obvious to financial markets, the dollar has
been almost continuously moving down against most currencies in recent
months. A few years ago, the dollar was strong and our non-US
participants saw similar things to what you have seen this month, while we got
the benefit of meeting in Frankly, I'm embarrassed by some of the
comments in this thread and apologize to our hosts on behalf of 802.3. Bob Grow
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