FedEx

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Package delivery giant FedEx is cutting pay for salaried personnel by 5% and suspending retirement plan contributions as it slashes costs because of a bleak economic outlook. CEO Fred Smith will take a 20% pay cut. More: continued here

Friday’s Wall Street Journal says FedEx might not look like the kindest company after announcing wage cuts, but economic experts here in Memphis believe the move could turn out to be one of the smartest corporate responses to the recession. More: continued here

Rather than slash jobs, FedEx Corp. announced Thursday it would institute a hiring freeze and cut salaries, including that of CEO Fred Smith. (FDX) More: continued here

MEMPHIS, Dec. 19 (UPI) — FedEx Corp. has announced it is the most recent U.S. company to at least temporarily cancel all 401(k) matching contributions for its employees. More: continued here

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FedEx reported higher profits in its most recent quarter, but it sees trouble ahead. The package delivery giant is cutting salaries for some 36,000 managers. CEO Fred Smith will take the biggest cut percentage-wise, but all managers’ paychecks will shrink. FedEx and its main rival UPS are seeing overall package …

eBay Vice President leaves the companyEcommerce Journal, MA –2 hours agoeBay Vice President Simon Smith , who’s headed up the Australian operations for eight years, has announced that he’s leaving the organization . …eBay Australia's vice president Simon Smith steps downThe Paypers (abonnement)eBay Oz chief quits after failed PayPal planAustralian Personal Computerall …

Package delivery giant FedEx Corp reported a higher profit for its fiscal second quarter, meeting expectations, but announced a 20 percent pay cut for CEO Fred Smith and said it was suspending retirement plan contributions as the U.S. economy’s outlook looks bleak. More: continued here

FedEx Corp on Thursday reported second-quarter earnings-per-share of $1.58. More: continued here