Fred Smith takes home $1.3 million salary

FedEx founder and chairman sees a two per cent increase in his salary and 10 per cent hike in perquisites

corporate jets FedEx Fred Smith Frederick Smith perquisites salary

FedEx’s founder, chief executive and chairman 68-year old Frederick Smith took $1.3 million salary in the year ending in May, a two per cent increase from the previous year. He did not receive any new stocks though the value of his option awards rose three per cent to $5.4 million. The value of the chairman’s perquisites that includes the use of corporate jets among other things, rose 10 per cent to $470,971.