FedEx still made a profit and...

Thursday, March 19, 2009

The headline reads "FedEx 3Q earnings tumble on weak global economy" and yet they STILL made a profit of over thirty cents per share.

Maybe I am a dumb blonde.

Can someone explain to me why they have to layoff MORE workers to satisfy the shareholders? Why would they want to do that?
Shouldn't they try to KEEP people on board, find other ways to reduce costs - like Executive PAYCUTS, etc.

Then perhaps!!! Just Perhaps!!! People would be BUYING stuff that SHIPS to their home via FedEx.

Ya think?

Or maybe I am a feeble minded woman.

4 comments:

Mnmom said...

Cutting exec pay never occurs to the execs.

Dr. Monkey Von Monkerstein said...

You may be feeble minded but you're correct nonetheless.

-Peder said...

Executive pay really makes up a very small slice of the pie. It wouldn't hurt to cut the pay, but it just doesn't have a big impact on the bottom line (usually).

Mommy Lisa said...

I just meant that is an option to reduce overhead as part of an overall cost reduction - instead of workforce reduction - strategy.

Heck, I would pay more $$ each time I used FedEx if I knew they were trying to keep people employed!

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