Fred Smith nets $56m in stock options
#1
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.
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.
#3
Originally Posted by Mr. Irrelevant
Why shouldn't the guy get the $$$? He only started the company from scratch.
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