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Fred Smith nets $56m in stock options

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Old 06-06-2005 | 01:23 PM
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Default 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.
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Old 06-09-2005 | 07:36 PM
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Why shouldn't the guy get the $$$? He only started the company from scratch.

Mr. I.
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Old 06-09-2005 | 07:40 PM
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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.
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