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NEW YORK — The top executive at FedEx Corp. saw his total compensation package drop by about 26 percent to $7.7 million in fiscal 2009 — a year in which thousands of employees were laid off and others took pay cuts, an Associated Press analysis shows.
According to a filing Monday with the Securities and Exchange Commission, Fred Smith, chairman, president and chief executive, took home a salary of about $1.36 million for the fiscal year ended in May. That compares with a salary of about $1.43 million last year.
