In the midst of the CCP virus outbreak, one CEO has taken a noteworthy step for the benefit of the giant delivery service company. FedEx founder and chairman Fred Smith has taken a 91 percent reduction in his base salary for the next six months to help the company.
The Memphis Business Journal reported that independent members of the board of directors from FedEx had approved Smith’s salary reduction in a meeting on April 2. According to the report, the CEO will be given a reduced salary, which started on April 1 and will be in effect until the end of September 2020.
