Originally Posted by
Oceanside11
Article in today's Commercial Appeal. Here is the abbreviated version. The actual headline in the paper says "FedEx predicts record earnings in '15, '16" and the subhead is "Bonuses likely coming"
Peak season lifts FedEx profits - The Commercial Appeal
The most important paragraph in the article that you can't see unless you are a subsubscriber is this:
"Officials said a long overdue improvement in incentive compensation programs at the Memphis coming is coming and could affect as many as 255,000 employees world-wide. Most of the 30,000 employees in Memphis are eligible for incentive pay, FedEx spokesman Jess Bunn said."
Basically, "bonuses for all my friends!"...well, except you guys.
Are you kidding me? Contract NOW!
Years ago the pilot group use to participate in the profit sharing program at FedEx. Some years were good, some years not so good. It was my understanding that we took the guaranteed 7% contribution to the B fund and gave up the profit sharing. So, regardless of how the company did we got 7% in addition to our pension contribution. Was this just an urban legend or is this what happened?