Airline Pilot Central Forums - Fred Smith nets $56m in stock options

Airline Pilot Central Forums (https://www.airlinepilotforums.com/)

- Cargo (https://www.airlinepilotforums.com/cargo/)

- - Fred Smith nets $56m in stock options (https://www.airlinepilotforums.com/cargo/445-fred-smith-nets-56m-stock-options.html)

Fred Smith nets $56m in stock options

Ahhhh, this explains the $ dangle to the pilots :)

LATEST NEWS
June 3, 2005

Smith, FedEx officers granted $66 million in stock options

FedEx Corp. granted on Wednesday $56 million in stock options to its chairman, president and CEO Fred Smith, according to a federal filing late Thursday.

David J. Bronczek, head of FedEx Express, and other corporate officers were granted a total of $10 million worth of options.

Not to be out done, former general counsel Kenneth Masterson signed a consulting agreement with the company on Wednesday that includes tickets to Memphis Grizzlies games, a $65,000 golf club membership and a $28,347 John Deere tractor.

Shares of FedEx (NYSE: FDX) rose $1.06 to $91.25 per share in trading on Thursday.

Why shouldn't the guy get the $$$? He only started the company from scratch.

Mr. I.

Quote:

Originally Posted by Mr. Irrelevant

Why shouldn't the guy get the $$$? He only started the company from scratch.

Good point, I guess that's the problem with taking a company public...you have the whole world telling you how to run it.