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CEO compensation

Teamsters to FedEx: Quit paying personal taxes for Fred Smith

The Teamsters want FedEx to stop giving its top executives millions of dollars of perks while cutting employees' pensions and raising their health care costs.

The Teamsters are sponsoring a shareholder proposal for FedEx to stop paying the personal taxes owed on restricted stock awards to CEO Fred Smith and other executives. Today, a leading proxy voting adviser recommended that shareholders support the Teamsters' proposal.

Ken Hall, Teamsters general secretary-treasurer, said:

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