That article is a little mis leading His salary fell 12% but overall compensation fell 4%.
FedEx CEO's compensation slips 4 pct in 2010
By SAMANTHA BOMKAMP (AP) – 21 hours ago
NEW YORK — The Associated Press has found that FedEx CEO's compensation in fiscal 2010 fell 4 percent from the year before.
Chairman and CEO Fred Smith received compensation valued at $7.4 million in the year that ended May 31, compared with $7.7 million in the prior fiscal year. Smith's salary fell 12 percent — the result of FedEx's companywide pay cuts it made when the recession was at its worst point. The value of his perks tumbled 48 percent.
The AP's executive pay calculation, based on a regulatory filing, aims to isolate the value the company's board placed on the CEO's total compensation package. The figure includes salary, bonus, incentives, perks and the estimated value of stock options and awards.
FedEx is based in Memphis, Tenn.
I hear it coming
Remember that FDX FY ended May 31st. UPS FY 2010 won't end until Dec 31. Thats when we can compare apples to apples. It will be interesting.
UPS Executives don't have company cars like stated above with FDX. The don't get money for their taxes, as stated like FDX does. No corporate jets. Remember that UPS' stock options and MIP might account for the compensation.
UPS CEO's total pay down slightly in 2009 | Reuters
UPS CEO's total pay down slightly in 2009
* CEO's total compensation $6.2 million in 2009
NEW YORK March 2 (Reuters) - United Parcel Service (UPS.N) on Tuesday said that Chief Executive Scott Davis' total compensation was roughly flat in 2009 at $6.2 million.
His salary of $1 million was also flat after the company, the world's largest package delivery service, froze all base salaries for its 36,000 managers in 2009. It expects to resume annual raises to base salaries for management in 2010.
Davis also earned $130,523 in bonus pay under the company's management incentive program. Davis received 60 percent of the targeted amount because the company did not meet its goals including volume and revenue growth.
Shares of UPS are up 55.7 percent at $59.16 off their year low of $37.99, set in March 2009.
They were up 0.5 percent at $59.17 during mid-day trading on the New York Stock Exchange.