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The Latest FedEx Headlines
FedEx CEO's Total Fiscal 2011 Pay Falls 2 Percent
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<blockquote data-quote="cheryl" data-source="post: 867566" data-attributes="member: 1"><p><strong>FedEx CEO's Total Fiscal 2011 Pay Falls 2 Percent - ABC News</strong></p><p></p><p>Fred S, who also is the company's chairman and president, received compensation valued at $7.3 million for the fiscal year that ended in May, down from $7.4 million in fiscal 2010, according to a filing the company made Friday with the Securities and Exchange Commission.</p><p></p><p>Smith's salary rose 4 percent to $1.2 million, and the value of his stock options rose less than 2 percent to $5.2 million, the biggest chunk of his compensation.</p><p></p><p>But his performance-based cash bonus fell 6 percent to $375,000, and his other compensation slid 37 percent to $428,061. His perks already had dropped almost by half between 2009 and 2010. In 2011, they included retirement plan contributions, tax reimbursements, jet travel, use of a company car, security services, tax preparation services, financial counseling and insurance premiums.</p></blockquote><p></p>
[QUOTE="cheryl, post: 867566, member: 1"] [B]FedEx CEO's Total Fiscal 2011 Pay Falls 2 Percent - ABC News[/B] Fred S, who also is the company's chairman and president, received compensation valued at $7.3 million for the fiscal year that ended in May, down from $7.4 million in fiscal 2010, according to a filing the company made Friday with the Securities and Exchange Commission. Smith's salary rose 4 percent to $1.2 million, and the value of his stock options rose less than 2 percent to $5.2 million, the biggest chunk of his compensation. But his performance-based cash bonus fell 6 percent to $375,000, and his other compensation slid 37 percent to $428,061. His perks already had dropped almost by half between 2009 and 2010. In 2011, they included retirement plan contributions, tax reimbursements, jet travel, use of a company car, security services, tax preparation services, financial counseling and insurance premiums. [/QUOTE]
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