Fred smith takes a 20% paycut, upper management salaried will take paycuts, eventually hourly will, i assume. Top that off with a freeze of 401k, hell not like it matters to me i been losing money, makes me no difference. read some employee responses if you skip his speech... Minimizing Job Losses and Protecting FedEx for the Long-Term | FedEx Citizenship Blog but to watch his video and read the employee responses makes me realize how even more shitty uaw workers and the big three really are. The three who are American companies that dont even represent american "spirit" and appreciation. I'll be more than happy to take a paycut to keep my job. Does that make me a schmuck? Does that make me a sheeple? or should i be complaining like some people even though the economy is falling apart?