FDX Management pay cuts

[Dfigtree]

https://web.archive.org/web/2009022...18/fedex-announces-major-pay-cuts-executives/

 

[mattwtrs]

I think that all the big buck CEO's, etc could stand to take a pay cut. Most companies stock options & bonus's are more than I made in 20 years.

 

[User Name]

When I read why Fred decided to do this kinda made me think. Do you think that when times were really good that all the management people got an extra 5-10 percent raise on top of what they already received. Probably not, but now times are tougher so they take money back...

 

[Testicular Fortitude]

mattwtrs,try in 50 years you wont make what these corporate honchos make in 1 year with their stock options.Go to Fedexwatch and learn the truth on what Fred S really makes in 1 year.

 

[ImWiredIn]

Agreed....but the stock holders support it otherwise they'd sell. It's free market supply & demand. Not much that can be done...I certainly don't want more government to step in.

 

[MrFedEx]

This article is from December, 2008. Management just got a raise effective January 1, 2010.

 

[quadro]

This article is from December, 2008. Management just got a raise effective January 1, 2010.

At least someone's paying attention. Actually I don't think they got a raise 1/1/10, I think that they became eligible for a raise whenever their next raise date hits. At least that's the impression I got from my manager on my checkride last week.

 

[FedEx2000]

At least someone's paying attention. Actually I don't think they got a raise 1/1/10, I think that they became eligible for a raise whenever their next raise date hits. At least that's the impression I got from my manager on my checkride last week.

Quadro is correct, mgt became eligible for a merit increase at their respective times. It was not an across the board hike, nothing changed 1/01/10. It's also capped at 2.2% max, same as the hourly increase that takes place in march.