It just doesn’t add up. Fed Ex had agreed to pay $53.5 million to settle a racial bias lawsuit. The spokesperson for FedEx is calling this a win-win settlement, but I beg to differ. I thought the whole point of suing was to make the other party pay.
While $53.5 million sounds like a lot on the surface, it has to be split amongst nearly 20,000 African American and Hispanic workers and then we haven’t even touched on the lawyer fees. If we don’t take into account the lawyers fees, each party in the suit would receive $2675.
Yeah, I think that covers the loss wages that could have been gained if the reviews were done properly and the promotions had been granted. Fed Ex didn’t come up with a win-win, they just came up with a way to leave their current and former employees stranded.
Posted by Rich (subbing for Lo)