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Fred Smith taking big pay cut as COVID-19 squeezes business

By , Daily Memphian Updated: April 03, 2020 5:24 PM CT | Published: April 03, 2020 1:06 PM CT

FedEx chief Frederick W. Smith has taken a voluntary, 91% pay cut as the Memphis-based company reports COVID-19 continues to negatively impact operations, cash flows and liquidity.


FedEx coronavirus COVID-19 executive pay cut Subscriber Only
Wayne Risher

Wayne Risher

Business news reporter, 43-year veteran of print journalism, 35-year resident of Memphis, University of Georgia alumnus and proud father and spouse of University of Memphis graduates.

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