FedEx Corp shareholders should reject founder and CEO Fred Smith’s $54 million pay package because the logistics company gave him stock options after scrapping a cash bonus in the wake of the COVID-19 pandemic, only to reinstate it later, the Teamsters labor union said on Friday. Smith, whose net worth is pegged by Forbes at $5.8 billion, was given a special option award “for motivation and retention purposes” in June 2020 after FedEx canceled a $3.4 million cash bonus for him, citing uncertainty around the COVID-19 pandemic. Those options were worth $6.4 million as of the end of May, the close of FedEx’s fiscal year, more than doubling in value since Smith received them. As more people shipped and received items during the pandemic and FedEx’s business rebounded, the Memphis, Tennessee-based company reinstated Smith’s $3.4 million cash bonus in December but also allowed him to keep the special stock options. …