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FedEx Corp (NYSE:FDX): Current Price $106.82
About 10% of senior executives at FedEx Corp (NYSE:FDX) will leave the company by May 2014 after accepting buyouts as the company moves to implement a new organisational structure. FedEx put in place a $1.7 billion profit improvement plan in October after it realized that customers’ shift to cheaper shipping options was a long term phenomenon and not related temporarily to a slowdown in the economy. Apart from reductions in headcount, the plan includes the retirement of older, fuel-hungry aircraft and 5000 vehicles at the Express division.
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