In a move that may be mimicked, FedEx moves to help workers, shareholders
(NEWSER) - It was FedEx's turn yesterday to play Scrooge, announcing cutbacks in the face of recession, but the company's strategy—cutting wages for senior execs and other salaried employees, rather than cutting jobs—maybe prove to be the smart alternative, and a harbinger of things to come, Peter Eavis writes in the Wall Street Journal. It's less disruptive and expensive than layoffs, he argues, and better for the economy as a whole. More»
