FedEx skips exec bonuses, downgrades office unit
Everyone was all smiles at this FedEx Office in 2018, but today's news isn't anything to smile about. (Submitted)
A non-cash asset impairment charge related to FedEx Office's difficulties during the COVID-19 pandemic has depleted the remaining goodwill value of $2.2 billion, 2004 acquisition.
Topics
FedEx FedEx Office Kinko's executive bonuses shipping industry Subscriber Only2025 is almost over. Now is the time to support your trusted local news source.
Will you help us reach more Memphians with quality, in-depth local news? Make a fully tax-deductible donation or other contribution to The Daily Memphian, a 501(c)3 nonprofit news organization, today.
Thank you for keeping up with what’s happening in Memphis. Thank you for investing in our community’s trusted local news source.
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.
Comments
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.