How a great american company was toppled by greed
End of a remarkable lifetime
While the company has seen better times, the main driver has been Mr. Smith or "Fred" to everyone he meets. While the company is less than admirable these days based on the current management, the loss of Mr Smith is truly a crushing blow. Words that can be said about him are visionary, innovative, relatable, business savvy, and truly a nice person. He will be missed by his family, friends, company, and those who ever met him. His loss is truly a major blow to one and all. Frederick "Fred" W. Smith, the visionary founder of FedEx, passed away on June 21, 2025, at the age of 80. Smith, who revolutionized the shipping industry, founded Federal Express (now FedEx) in 1971 and served as its CEO for over 45 years, before stepping down in 2022. He remained as executive chairman until his death.
The Story
We were FAMILY, then we were a TEAM, then we were a COMPANY, then we were a CORPORATION, then we were DISMISSED.
"Where was our Purple Spirit?"
Where was yours?
These are true stories on how one major corporation was hijacked and toppled by greed, arrogance, and lies.
These are all true stories and are meant as a warning to all.
We will not use real names, but it should be no problem to identify people within these stories.
You want the dirt and behind the scenes drama?
It will be coming in waves.
We can assure you that if any current/former employees and Board members stumble across this website, they will be nervous, Very Nervous.
If you pay attention, there will even be clues dropped that reveals our identity.
We will be upfront, that if anyone offers a substantial price for this domain, we will be more than happy to sell, BUT we will inform everyone following this website has changed hands and you might get propaganda instead of the cold hard truth.
Next Up?
The Pride of Devry
Not sure why or how he got in his position. He identifies as He/Him.
The best I can say about him is that if he was a toilet paper brand, it would be SK's Char-MAN.
He is easy to identify as:
- He only has one layer
- He is always up SK's butt
- And he is full of 5hit.
Plain and simple, he has no original thoughts.
He is a man immune to emotion and speaks the monotone language.
He is open to other's thoughts as long as they match his own.
Has absolutely no clue on what he is doing.
Welcome to one of the many reasons the company is in a death spiral.
Now that SK is gone, does he even know? He might be so far up the A55 that he might not have heard the news yet. You can be certain that he is being investigated very closely, forensically even.
All things considered, they might be looking at Mr Devry's resume and transcripts to determine if anything was misstated or (gasp) fraudulent?
** Update 07/17/5** He's gone! Whom to start with? Hmmmm
Rumors swirl on his exit stage left.....
Nothing to try and prove here, just stating history.....
No upper management has ever been fired for fudging production numbers as has been circulating through the media. A slap on the wrist, a "you've been a naughty boy", or written warning are all standard through the ages at this shipping company. A removal from office to an advisory position and shutting off all his communication to the company seems a little drastic, until you take a little CRUZ and read about his partner's current situation.
Could anyone stand to financially benefit outside the stock market?
Could there be other reasons other than what has been reported?
Why is he being moved to an advisory position instead of terminated on the spot?
Why are they negotiating his buyout?
Could there be some major covering of their proverbial behinds by putting pressure on him to sign an iron clad NDA to keep his mouth closed?
Would they go as far as saying "We will give you a huge buyout package if you take one for the team and stay silent in court"?
The possibilities are endless.
Could the company be determined to try and stop the possible bleeding by exposing the culprit and then try and cauterize the wound?
Why would they not backfill his position or even name an interim?
I expect more fallout to come forward.
Oh and if you ever become a CIO, make sure you attend the meetings. They aren't optional.
Mr. P-S-P
People-Service-Profit
An actual quote:
"PSP? That was the old company"
Now it is S-P-P
SK-Profit-Profit
She's gone too!
A little bit of a retraction on this one.
Apparently she has been gone for 6+ months.
But why is this interesting?
Well not so much about to whom she is related .......
Her new employment though is a bit of a shocker.
It appears that the company she now works for has been evaluating and recommending replacements for the shipping company's employees.
So let me present a totally fictional story that goes something like this:
A happy couple work for the same company and the husband becomes the CIO and she becomes a manager over a DEI initiative. He enlists a 2nd company to evaluate all employees across all departments. That 2nd company not only recommends which employees to relieve of their duties, but also has a suggestion on a company that can fill those duties as a contractor. Shocker on top of shocker, they recommend themselves as the company that can fill the needs created by the employee eliminations. This creates a formula that feeds the beast. The more people that are recommended to be removed, the more profit they make by filling the vacancy. In the meantime, a lady who loves DEI changes jobs from the shipping company to the, you guessed it, the contracting company in a leadership position.
So I'm not suggesting anything is not on the square unless the CIO stands to benefit in some material or monetary way.
I wonder if he or she did? At least it is something to investigate.
Did I mention the happy couple has moved to a large city in TX? If I put a star on the city you would know exactly where they landed.
Oh they also maintain a house locally near the Shipping HQ.
I wonder what her pay might be? Does she receive a large benefits package? STOCK OPTIONS?
Would that be a conflict of interest? Just wondering.
Partner of SK.
She values diversity, equity, and inclusion
I wonder if she (they) own any stock within the contracting companies for FX. Somebody should probably look into that.
I wonder if any other family members work with her at the new company? Somebody should probably look into that.....
Isn't that a sweet story? They plan to live happily ever after.
Except..........
Could this open the shipper for SOX violations and major fines including time in a lovely white collar prison environment?
Could those laid off have the ability to create a class action lawsuit for wrongful termination?
What about the NDAs you ask? Would they be voided if there was a criminal element at play in the employee terminations?
Would the WARN provision be open again since there was clearly a conflict of interest and possibly criminal on top of that?
But you ask, didn't they willingly terminate themselves by accepting buyouts? Possibly. However, the NDAs would be voided if new information comes to light that illuminates a criminal action on behalf of the company......
Something to consider.........................
These rumors have circulated for quite some time now.
What about any other people in upper management who heard these rumors and failed to investigate?
Could they be at risk also?
Could they be subject to the same SOX violations including fines and prison time?
Latest News
Something to Think about
FedEx tech executive departs after probe into claims his unit inflated its performance: report
FedEx’s head of its tech department is leaving the company after a monthslong investigation into claims that his unit was inflating its performance, according to a report.
Sriram Krishnasamy, the company’s chief digital and information officer, and FedEx had “mutually agreed” that he would immediately step down from his role, according to a securities filing late Thursday.
The longtime executive, who started at FedEx in 1997, will stay with the company as an executive adviser through October or potentially earlier, the filing said.
His abrupt departure follows an internal investigation into claims that the business performance of his unit had been inflated, sources familiar with the matter told the Wall Street Journal.
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Thursday’s filing did not mention the probe.
Shares in FedEx fell 1.4% Friday.
FedEx and Krishnasamy did not immediately respond to The Post’s requests for comment.
FedEx said that the investigation was into a personnel matter within the company’s IT department, which Krishnasamy oversaw.
Krishnasamy also ran a unit within the IT department, called FedEx Dataworks, that uses logistics data from the firm’s own shipping operations to help companies streamline their supply chains.
The company and Krishnasamy “are finalizing the compensation and other terms” related to his exit, according to the filing.
The data and technology organization will report to FedEx CEO Raj Subramaniam as the company prepares a transition plan.
Krishnasamy took over the role of chief digital and information officer in June 2024.
Since joining the company as a financial analyst nearly three decades ago, he has held leadership positions in the company around the world, including positions in Dubai, Belgium and India, according to the firm’s website.
Last month, FedEx executives warned that they were expecting a financial hit in the current quarter due to President Trump’s trade war, which has upended global shipping and trade.
Companies rushed to import goods ahead of the tariff deadlines earlier this year, causing a surge at ports.
FedEx leadership also said the company was withholding its financial forecast for the current fiscal year due to trade uncertainties.
The company’s stock is down about 17% so far this year.
FedEx Corporation (FDX) Battles Lawsuit Over Overtime Allegation, While Citi Maintains Bullish Outlook
Date: 07/21/25
Publication: FINVIZ.com
Author: Faheem Tahir
Link: https://finviz.com/news/108986/fedex-corporation-fdx-battles-lawsuit-over-overtime-allegation-while-citi-maintains-bullish-outlook
On July 11, 2025, Bloomberg reported that FedEx Corporation (NYSE:FDX) is facing a new class action lawsuit filed in the U.S. District Court for the Northern District of Illinois. The lawsuit allegedly accuses the company of violating Illinois wage laws as it fails to pay overtime.
Meanwhile, on the previous day, Citi maintained a ‘Buy’ rating on FedEx Corporation (NYSE:FDX), setting its price target at $278, which is significantly higher than the company’s current price of $226.62, as of the time of writing. This comes ahead of the company’s announcement of the opening of a new 38,000-square-foot logistics facility in Manchester, U.K. This facility, located near Manchester Airport, boasts advanced sorting and security technologies, enhancing operational efficiency and service quality. The facility’s opening, announced by the company on July 16, 2025, underscores FDX’s ongoing international infrastructure investment to support trade and growth as it navigates legal challenges.
FedEx Corporation (NYSE:FDX) offers transportation, e-commerce, and business services globally with its FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. It is on the list of cheap transportation stocks.
FedEx tech executive departs after probe into claims his unit inflated its performance: report
Date: 07/19/25
Publication: NY Post
Author: Taylor Herzlich
Link: https://nypost.com/2025/07/18/business/fedex-tech-executive-departs-after-probe-into-claims-his-unit-inflated-its-performance-report/
FedEx’s head of its tech department is leaving the company after a monthslong investigation into claims that his unit was inflating its performance, according to a report.
Sriram Krishnasamy, the company’s chief digital and information officer, and FedEx had “mutually agreed” that he would immediately step down from his role, according to a securities filing late Thursday.
The longtime executive, who started at FedEx in 1997, will stay with the company as an executive adviser through October or potentially earlier, the filing said.
His abrupt departure follows an internal investigation into claims that the business performance of his unit had been inflated, sources familiar with the matter told the Wall Street Journal.
Thursday’s filing did not mention the probe.
Shares in FedEx fell 1.4% Friday.
FedEx and Krishnasamy did not immediately respond to The Post’s requests for comment.
FedEx said that the investigation was into a personnel matter within the company’s IT department, which Krishnasamy oversaw.
Krishnasamy also ran a unit within the IT department, called FedEx Dataworks, that uses logistics data from the firm’s own shipping operations to help companies streamline their supply chains.
The company and Krishnasamy “are finalizing the compensation and other terms” related to his exit, according to the filing.
The data and technology organization will report to FedEx CEO Raj Subramaniam as the company prepares a transition plan.
Krishnasamy took over the role of chief digital and information officer in June 2024.
Since joining the company as a financial analyst nearly three decades ago, he has held leadership positions in the company around the world, including positions in Dubai, Belgium and India, according to the firm’s website.
Last month, FedEx executives warned that they were expecting a financial hit in the current quarter due to President Trump’s trade war, which has upended global shipping and trade.
Companies rushed to import goods ahead of the tariff deadlines earlier this year, causing a surge at ports.
FedEx leadership also said the company was withholding its financial forecast for the current fiscal year due to trade uncertainties.
The company’s stock is down about 17% so far this year.
<End of Story>
Why this is an important story!
If the company has been laying off personnel at an incredible rate even to the point of issuing WARN notices and the primary driver of the effort has been Sriram..........
It would seem that the Company is now open to multiple class action lawsuits for those who have been affected. He has allegedly falsified his numbers to obtain favorable benefits (other rumors swirl also). Or if he has been attempting to manipulate the stock price based on his falsified numbers, again a large class action lawsuit and a potential Sarbanes-Oxley violation that could require jail time for those involved and massive fines for the air carrier. However, when has anyone in Fdx ever been "mutually agreed to separate" after fudging their numbers? Especially one in the upper tiers? More to this story exists if they dig deeper.
____________________________________________________________________________________________________________________________________
FedEx laying off "a very small number of positions," company says
Date: 07/17/25
Publication: Fox13
Author: Staff
MEMPHIS, Tenn. - Some FedEx employees may soon be out of a job.
A FedEx spokesperson told FOX13 that the company will eliminate "a very small number of positions." Those cuts will come in FedEx's Solutions team, a department that supports Sales.
Around 15 positions in Memphis are expected to be affected.
A FedEx spokesperson told FOX13, “After careful consideration, we made the difficult decision to eliminate a small number of staff positions to better align some functions and improve business efficiency. We are working directly with affected individuals to ensure they have support during this transition.”
RELATED: FedEx to lay off more than 200 Nashville-area employees
In April, FedEx laid off more than 200 Nashville-area employees and the company parted ways with about 300 employees in November 2024. FedEx also laid off a "small percentage" of staff in March 2024. Gwen Smith, a FedEx employee of 37 years, told FOX13 that she was part of that group.
FedEx Layoffs Signal Troubling Business Trend That Could Affect Fashion Shopping
Date: 06/16/25
Publication: Style on Main
Author: B Wellington
Quite honestly, FedEx has lost its way. After years with a somewhat stable leadership team, the current leadership team has no idea what to do to become profitable again. They release (fire) thousands of employees, because they do not know what they are doing. They select these people to release based on a few factors:
1) If you are an employee with multiple decades of service under FXE, you are gone.
2) If worked to establish FXE as a power in the global shipping market, you are gone.
3) If you have multiple decades of service, your time is short.
Where does this lead us?
FXG is the new power player and has weaseled their way to the top of the decision chain.
The problem?
They have no idea how to accentuate the air business. Costs have gone up, profits have gone down.
Actual problem?
Weak leadership, greed, ego.
Their solution?
Network 2.0
Where are they headed?
The layoffs will continue until FedEx is barely able to sustain operations. People will be laid off and some will be contacted by a contract company to work for them doing the primarily the same job or the job will be sent offshore (except of course, operations)
At this point, Raj will resign (within the year?)and the newer Smith will be assuming the helm as "the savior".
They will continue to drag their feet on the pilot negotiations until they determine to eliminate the majority of domestic flights. Then they will let the remaining pilots choose their job or the layoff lines.
IT for the most part will be offshored and lead by someone who is already in charge. Not the VP with Bachelor's degree from Devry University.
Expect more micro management and more increasingly convoluted training and system weaponization.
Strictly my opinion (but not really an opinion)
FedEx laying off "a very small number of positions," company says
Date: 07/17/25
Publication: Fox13
Author: Staff
MEMPHIS, Tenn. - Some FedEx employees may soon be out of a job.
A FedEx spokesperson told FOX13 that the company will eliminate "a very small number of positions." Those cuts will come in FedEx's Solutions team, a department that supports Sales.
Around 15 positions in Memphis are expected to be affected.
A FedEx spokesperson told FOX13, “After careful consideration, we made the difficult decision to eliminate a small number of staff positions to better align some functions and improve business efficiency. We are working directly with affected individuals to ensure they have support during this transition.”
RELATED: FedEx to lay off more than 200 Nashville-area employees
In April, FedEx laid off more than 200 Nashville-area employees and the company parted ways with about 300 employees in November 2024. FedEx also laid off a "small percentage" of staff in March 2024. Gwen Smith, a FedEx employee of 37 years, told FOX13 that she was part of that group.
FedEx Layoffs Signal Troubling Business Trend That Could Affect Fashion Shopping
Date: 06/16/25
Publication: Style on Main
Author: B Wellington
Quite honestly, FedEx has lost its way. After years with a somewhat stable leadership team, the current leadership team has no idea what to do to become profitable again. They release (fire) thousands of employees, because they do not know what they are doing. They select these people to release based on a few factors:
1) If you are an employee with multiple decades of service under FXE, you are gone.
2) If worked to establish FXE as a power in the global shipping market, you are gone.
3) If you have multiple decades of service, your time is short.
Where does this lead us?
FXG is the new power player and has weaseled their way to the top of the decision chain.
The problem?
They have no idea how to accentuate the air business. Costs have gone up, profits have gone down.
Actual problem?
Weak leadership, greed, ego.
Their solution?
Network 2.0
Where are they headed?
The layoffs will continue until FedEx is barely able to sustain operations. People will be laid off and some will be contacted by a contract company to work for them doing the primarily the same job or the job will be sent offshore (except of course, operations)
At this point, Raj will resign (within the year?)and the newer Smith will be assuming the helm as "the savior".
They will continue to drag their feet on the pilot negotiations until they determine to eliminate the majority of domestic flights. Then they will let the remaining pilots choose their job or the layoff lines.
IT for the most part will be offshored and lead by someone who is already in charge. Not the VP with Bachelor's degree from Devry University.
Expect more micro management and more increasingly convoluted training and system weaponization.
Strictly my opinion (but not really an opinion)
Do you have a verifiable true story? Send it.
