FedEx’s Founder Says He Has One Big Job Before Mulling Retirement
- Company turnaround is goal as Wall Street skepticism mounts
- CEO sees Subramaniam as successor without setting timetable
Photographer: Wei Leng Tay/Bloomberg
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FedEx Corp. founder Fred Smith says he’s nearing the end of his four-decade tenure as chief executive officer, having built a startup into a logistics behemoth with about $70 billion in annual sales.
But first, with the company leaving a trail of disappointment on Wall Street the last two years, he has some unfinished business.