Comment / FedEx AGM – love the bean counters more than the climate

By Alessandro Pasetti

27/09/2024

It’s quite unusual these days to bump into Fred W. Smith, the 80-year-old executive chairman of FedEx (FDX).

The man who gloriously built the Memphis integrator from 1973, notoriously rescuing it from bankruptcy by playing blackjack in Las Vegas after all other funding sources dried up, reappeared this week to lead FedEx’s annual general meeting after one of the most difficult stints on the stock market for FDX post-Covid.

$8.3bn of paper value gone in a day a week ago.

Looking forward

“FY25 [fiscal ...

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Topics

FedEx Fred Smith ShipMatrix SJ Consulting Group UPS US Postal Service (USPS)

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