Rochester, NY 8/19/2009 10:17:19 AM
FedEx Corporation FDX - FedEx CEO Reimbursement Cuts 26% in fiscal 2009
FedEx Corporation FDX
The top executive at FedEx Corp. saw his total reimbursement package drop by about 26 percent to $7.7 million in fiscal 2009 - a year in which thousands of employees were laid off and others took pay cuts, an Associated Press analysis shows.
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According to a filing Monday with the Securities and Exchange Commission, Chairman, President and CEO Fred Smith took home a salary of about $1.36 million for the fiscal year ending in May. That compares with a salary of about $1.43 million last year.
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