While expansive annual bonus nixed, top FedEx executives on pace to receive big bonus
https://www.commercialappeal.com/st...-top-executive-bonus-compensation/4160300002/
"The payout is capped at a 15% growth rate, which leads to executives receiving 150% of their target payouts. There is no LTI payout if the growth rate is less than 5%."
"To reach the minimum for the 2018-2020 LTI payout, FedEx needs an aggregate adjusted EPS of $40.02."
"The EPS being adjusted means FedEx won’t factor in costly TNT Express integration expenses or adjustments to its retirement plan accounting".
The proxy statement:
http://d18rn0p25nwr6d.cloudfront.net/CIK-0001048911/92e74a03-1e47-4fa8-a2cd-577ccb32ee47.pdf
https://www.commercialappeal.com/st...-top-executive-bonus-compensation/4160300002/
"The payout is capped at a 15% growth rate, which leads to executives receiving 150% of their target payouts. There is no LTI payout if the growth rate is less than 5%."
"To reach the minimum for the 2018-2020 LTI payout, FedEx needs an aggregate adjusted EPS of $40.02."
"The EPS being adjusted means FedEx won’t factor in costly TNT Express integration expenses or adjustments to its retirement plan accounting".
The proxy statement:
http://d18rn0p25nwr6d.cloudfront.net/CIK-0001048911/92e74a03-1e47-4fa8-a2cd-577ccb32ee47.pdf