"FedEx CEO Raj Subramaniam graduated from Syracuse and the University of Texas at Austin. But he also attended what he calls "CEO school," taught by Fred Smith, FedEx's founder and first CEO. Subramaniam is its second; he took over the company in 2022. Decades of experience informed Smith's CEO school curriculum. He first conceived of a system for urgent, overnight deliveries in an economics paper at Yale. Smith ran with the idea, launching Federal Express in 1971, and growing it into a global logistics giant with $90.1 billion in revenue in the past 12 months."
"The biggest change of Subramaniam's CEO tenure was the day those tariffs hit, April 2, 2025, or "Liberation Day" as the White House deemed it. Trump imposed a minimum 10% tariff on imported goods and "reciprocal" tariffs of up to 50% on goods from countries that had a large trade surplus with the U.S., like China. FedEx shares plunged 20% in the immediate aftermath. Since then, tariff levels on individual markets have swung wildly as Trump has granted exemptions, slapped further taxes on countries, and signed trade agreements."
Raj Subramaniam graduated from Syracuse and the University of Texas at Austin and succeeded Fred Smith as FedEx CEO in 2022 after attending Smith's "CEO school." Fred Smith conceived overnight delivery in an economics paper at Yale and founded Federal Express in 1971, growing it into a major global logistics company. Smith served as executive chairman until his death in June. FedEx moves about $2 trillion in commerce annually, handles 17 million packages daily, and operates 400 daily flights. April 2, 2025 tariffs triggered a 20% share plunge and ongoing market volatility that tested the company.
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