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Fedex Ceo Faces Pay Dispute
Description
Friday, the Teamsters union said that shareholders should reject the CEO and Founder of FedEx ($FDX@US), Fred Smith’s, pay package. The union contends that the company gave him stock options after forgoing a cash bonus due to the COVID-19 pandemic. The Teamsters note that stock options amount to “double-dipping,” allowing Smith to earn more money as the company’s stock rises—even though he’s agreed to a “pay for performance” salary schedule. FedEx shares rose over half a percent in premarket trading.
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