Management Turnover as Change Agent

Monday, August 31, 2009

More Governance Pressures - Teamsters Push of CEO/Chairman Split at FEDEX

Reuters reported today that the International Teamsters Union urged Fedex shareholders to separate the positions of chairman and CEO. While this is not first time this issue has been raised with regard to Fedex it represents a growing trend. While the Teamsters view may not prevail at the company’s upcoming annual meeting, we are likely to see more of this type of pressure imposed on public companies.

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