New CEO of FedEx prepares for June 29th shareholder meeting

InflationMoney Matters
Written By Jennifer Joslyn

🗃 FedEx has a new executive in the corner office.

FedEx Corp.’s new chief executive officer, Raj Subramaniam, is preparing for June 29th’s investor meeting. Investors have been voicing concerns over China’s Covid-related lockdowns and growing labor costs for the company. The company’s capital spending has already been severely cut down by Subramaniam and FedEx shares have risen about 4.1% in the month of June.

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Jennifer Joslyn
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