Home / FedEx / FedEx Cuts CEO Pay, Freezes Hiring as Volume Drops (Update5) (Bloomberg)

FedEx Cuts CEO Pay, Freezes Hiring as Volume Drops (Update5) (Bloomberg)

Dec. 18 (Bloomberg) — FedEx Corp. cut Chief Executive Officer Fred Smith ’s pay by 20 percent and will trim smaller amounts from U.S. salaried employees as the package shipper struggles with the longest recession in a quarter century.

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