This morning FDX made a surprise announcement that it was:
1. Raising the dividend 53%
2. Adding 3 new board members
3. Executive compensation will be tied to shareholder value.
4. New formula to be adopted relative to cap x spending.
Changes are the result of an agreement struck with hedge fund D.E. Shaw. What impact it will have on the daily work experience on FDX employees and contractors remains to be seen. For the time being about all they can hope for is that things won't get any worse.
1. Raising the dividend 53%
2. Adding 3 new board members
3. Executive compensation will be tied to shareholder value.
4. New formula to be adopted relative to cap x spending.
Changes are the result of an agreement struck with hedge fund D.E. Shaw. What impact it will have on the daily work experience on FDX employees and contractors remains to be seen. For the time being about all they can hope for is that things won't get any worse.