FedEx faces labor union challenge over billionaire CEO's pay

www.stltoday.com
2 min read
fairly difficult
Fred Smith, whose net worth is pegged by Forbes at $5.8 billion, was given a special option award 'for motivation and retention purposes' in June 2020.
The union is urging shareholders to vote against the company's executive pay plan at the company's annual meeting on Sept. 27. As with most companies, the vote at FedEx is non-binding.

FedEx declined to comment beyond what it has disclosed on executive pay in securities filings. In its informational disclosure to investors, FedEx said a significant portion of executive compensation is "at risk" and dependent on the company hitting performance goals and share price targets.

FedEx Chief Operating Officer Rajesh…
Jessica DiNapoli Reuters
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