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The Latest FedEx Headlines
FedEx Cuts CEO Pay, Freezes Hiring as Volume Drops
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<blockquote data-quote="cheryl" data-source="post: 448389" data-attributes="member: 1"><p><strong>FedEx Cuts CEO Pay, Freezes Hiring as Volume Drops - Bloomberg</strong></p><p></p><p>FedEx Corp. Chief Executive Officer Fred S will take a 20 percent pay cut and salaries will be trimmed across the company as the package shipper battles the longest recession in a quarter century.</p><p></p><p>Smith’s salary will be lowered along with reductions of as much as 10 percent for senior executives and 5 percent for other U.S. salaried personnel, FedEx said today in a statement. Company contributions to retirement accounts will be suspended for at least a year, and hiring will be frozen.</p></blockquote><p></p>
[QUOTE="cheryl, post: 448389, member: 1"] [B]FedEx Cuts CEO Pay, Freezes Hiring as Volume Drops - Bloomberg[/B] FedEx Corp. Chief Executive Officer Fred S will take a 20 percent pay cut and salaries will be trimmed across the company as the package shipper battles the longest recession in a quarter century. Smith’s salary will be lowered along with reductions of as much as 10 percent for senior executives and 5 percent for other U.S. salaried personnel, FedEx said today in a statement. Company contributions to retirement accounts will be suspended for at least a year, and hiring will be frozen. [/QUOTE]
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FedEx Cuts CEO Pay, Freezes Hiring as Volume Drops
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