Fred Smith nets $56m in stock options

Subscribe
Search this Thread
  #1  
Freighter Captain's Avatar
Freighter Captain , 06-06-2005 01:23 PM
Gets Weekends Off
Freighter Captain
Gets Weekends Off
close
  • Joined APC
    May 2005
  • Position
    -400 CAPT
  • Posts:
    483
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.
Reply
  #2  
Mr. Irrelevant , 06-09-2005 07:36 PM
Line Holder
Mr. Irrelevant
Line Holder
close
  • Joined APC
    Mar 2005
  • Posts:
    47
Why shouldn't the guy get the $$$? He only started the company from scratch.

Mr. I.
Reply
  #3  
WatchThis!'s Avatar
WatchThis! , 06-09-2005 07:40 PM
Da Man
WatchThis!
Da Man
close
  • Joined APC
    Feb 2005
  • Position
    DC-10 F/O
  • Posts:
    436
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.
Reply