The FedEx statement seems like a classic example of corporate deception. It seems very carefully worded, probably by a team of attorneys, to be technically true but grossly misleading.

The tell is that FedEx calls the NYT article "factually incorrect" but never states exactly what assertions they dispute.

It's as if they want the reader and the media to infer that FedEx actually did pay taxes on billions in profit, or that FedEx actually did increase their investments as the phony rationale for the tax cut promised.

But since FedEx never actually says any of that, and instead just tries to infer it through clever wording, I'm going to trust NYT over this corporate snow job.

When FedEx twists the argument to accuse the NYT of also not increasing their capital investments, the whole thing reeks of Facebook's disinfo campaign to "deny and deflect" fundamentally factual reporting.