FedEx Shakes Up Board in Deal With Activist

FedEx Corp. boosted its dividend and announced board changes in coordination with activist investor D.E. Shaw & Co., shaking up the courier just two weeks into the tenure of new Chief Executive Officer Raj Subramaniam. The quarterly dividend will jump 53 per cent to US$1.15 per share, the Memphis, Tennessee-based company said Tuesday in a statement. That’s well above the 87-cent prediction by Bloomberg analytics...