FedEx Corp. Chief Executive Fred Smith has cut ties with Amazon.com Inc., is phasing out the U.S. Postal Service and is fully embracing online shopping, part of the most sweeping changes ever at the shipping giant he launched nearly 50 years ago. The reason: his faith in Raj Subramaniam, a marketing executive from India tapped as Mr. Smith’s likely successor.

Source: Wall Street Journal March 12, 2020 09:33 UTC