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FedEx shareholders put the shipping and logistics company's largest sponsorship to a vote on Monday. The proposal, submitted at the company's annual shareholder meeting in Memphis, asked proposed a vote on whether the company should "drop or distance ties with the NFL Washington Redskins team, logos and/or stadium sponsorship until the franchise changes the team’s name." Signed in 1999, Fedex is 15 years into the 25 year, $205 million naming rights agreement.
The proposal was rejected by more than a 10-1 margin...
The vote comes as pressure mounts on some team sponsors to take a position on whether the team name should be changed with some groups threatening to boycott team sponsors over the issue.