COVID Stimulus Watch Individual Entry
Recipient Company:
FedEx Corp
Loan or Loan Guarantee Amount:
$2,218,131
Recipient Details
Ownership Structure: publicly traded (ticker symbol FDX)
Award Details
Award Date: Aug 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: FedEx
Headquartered in: Tennessee
Parent Sector: freight and logistics
Parent Industry: package delivery
Employees (prior to pandemic): 239,000
Accountability Issues Since 2010
Employment-related Penalties: $530,298,227
Good Jobs First has no data in this category
Environmental / Healthcare / Safety Penalties: $13,504,624
Consumer Protection / Financial / Competition-related Penalties: $36,232,550
Ratio of CEO Pay to that of Median Worker: 303 to 1
CEO Compensation: $15,973,884
Worker Median Pay: $52,718
Total Federal, State, and Local Subsidies: $182,919,533
Federal Corporate Income Tax Rate: -4.6%
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Contracting Issues