Originally Posted by
threeighteen
Fred doesn’t care who flies his planes anymore. Remember the “with or without you” letter?
ACMIs save so much money that a reliability hit here and there doesn’t matter so much either. People are used to being let down by corporate America now, and wallstreet is gonna capitalize on that.
fred won’t let Raj destroy FedEx, but he will let him replace us no doubt.
DE Shaw is pulling all the strings. Look up what a proxy fight is. FedEx has a non binding agreement with DE Shaw to prevent one. But this gives Shaw all the power. It’s why they now have 3 members on the board. They’re all about cutting costs and providing value to shareholders. $3.3 billion in FY24 alone. The company is in pure chaos trying to implement DRIVE and network 2.0 because of Shaw. If they don’t… proxy fight and management and the board could be replaced entirely.
Any historical precedent by FedEx or FWS is no longer relevant. The barbarians are at the gates now.