"...Smith started FedEx in 1971 with a $4 million inheritance and $80 million more from his rich friends. In 2006, when he made the Forbes’ billionaires list, his net wealth was $2.1 billion. Last year, he added another $44.49 million from his compensation as CEO. FedEx’s, and Smith’s, contribution to the mailing industry has been to undermine the union wages and conditions won by the U.S. postal and UPS workers...." 
::► Source: www.pslweb.org
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