... it works far better.
Outlook has a time zone setting for where YOU, the person creating the meeting, are sitting. It knows what time it is in other time zones, if you've done your time zone patching. If your Boss travels, he has to set the computer to the CURRENT time zone so his Outlook (or whatever he's using) knows what the local time is. When he views his calendar, he will know what time the meeting is scheduled for in THAT time zone.
You can use the feature in Outlook to display 2 time zones to your advantage. Leave the first time zone set to where YOU are located. Use the 2nd time zone to display the time where the Boss is at, changing it as he moves.
Here is some of what the Outlook HELP shows:
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When you change the current time zone, all Calendar views are updated to display the new time zone, and all Calendar items move to the new time zone. For example, if you move from the Pacific Time zone to the Mountain Time zone in the United States, all of your appointments are displayed one hour later.
Further help says:
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Outlook Calendar items start and end times are stored in terms of Universal Coordinated Time (UTC). UTC was developed as the international time standard. It is similar to Greenwich Mean Time (GMT) except that it observes no daylight saving time (DST) and is based on a 24-hour clock. Zero (0) hours UTC is midnight GMT. The local 24-hour time convention is converted to UTC by adding or subtracting hours based on your location with respect to the prime meridian as well as local daylight saving time considerations.
If you are in one time zone and you send a meeting request to an attendee in a different time zone, the meeting item is displayed at different local times on each person's calendar but at the same absolute time in UTC.
For example, if a meeting organizer is in the Pacific Time zone in the United States and sends out a meeting request that starts at 2:00 P.M. Pacific Time to an attendee in the Mountain Time zone, the attendee will see that the meeting starts at 3:00 P.M. Mountain Time. In both cases the meeting is stored on the respective servers as starting at the same time in UTC (10:00 P.M.).
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In other words, if YOU want to schedule a meeting to talk to people in NY at 3pm, then YOU have to manually figure the time difference and know to set YOUR meeting time for 12:00 LA time. Outlook will send the appropriate time zone changes to the recipients. And, IF their computer is set to the correct time zone for where they're located at, the meeting time will be correct for them as well.
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Now, to address the problem of having to know what time it is around the world so you can accurately calculate when to hold YOUR meetings, there's an add-in called Time Zone Helper that you might be interested in. (US$ 19.95)
http://www.datamystic.com/timezone.html