Mar 20, 2009


While "leaders" at failing corporations like AIG and Nortel pay bonuses to the people that are destroying the companies, other Leaders have a different way of doing things - (Airline executives should take note!):

Three months ago, FedEx announced broad-based cost cuts including a 20 per cent pay cut for CEO Smith, a 7.5 to 10 per cent cut for other executives and a five per cent cut for thousands of others. The company also froze retirement plan contributions for a year, among other cost-saving measures. FedEx employs about 290,000 people worldwide.

... FedEx shares rose $2.05, or 4.8 per cent, to close at $45.10 Thursday.

1 comment:

Anonymous said...

Yes I think this is leading from up front.