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The company is headquartered in MemphisTennessee. Smith was born in MarksMississippithe son of James Frederick Smith—who before age 20 dropped his first name, expressing a preference to be known as Fred or Frederick—the founder of the Toddle House restaurant chain and the Smith Motor Coach Company renamed the Dixie Greyhound Lines after The Greyhound Corporation bought a controlling interest in Smith was crippled by bone disease as a small boy but regained his health by age 10, before becoming an excellent football player and learning to fly at Smith had a great interest in flying, and became an amateur pilot as a teen.

InSmith entered Yale University. While attending Yale, he wrote a paper for an economics class, outlining overnight delivery service in a computer information age. Folklore suggests that he received a C for this paper, although in a later interview he claims that he told a reporter, "I Reel Power Casino At Excalibur Car Starter know what grade, probably made my usual C," while other tales suggest that his professor told him that, in order for him to get a C, the idea had to be feasible.

The paper became the idea of FedEx for years, the sample package displayed in the company's print advertisements featured a return address at Yale. After graduation, Smith was commissioned in the U. Marine Corpsserving for three years from to as a platoon leader and a forward air controller FACflying in the back seat of the OV Much mythology exists about this part of his life; Smith was a Marine Corps "Ground Officer" for his entire service.

He was specially trained to fly with pilots and observe and 'control' ground action. He never went through Navy flight training and was not a "Naval aviator" or "pilot" in the military. Individuals who completed Navy flight training and became a "Designated Naval Aviator" pilot were obligated to serve six years at the time. As a Marine, Smith had the opportunity to observe the military's logistics system first hand. He served two tours of duty in Vietnamflying with pilots on over combat missions.

He was honorably discharged in with the rank of Captain, having received the Silver Starthe Bronze Starand two Purple Hearts. While in the military, Smith carefully observed the procurement and delivery procedures, fine-tuning his dream for an overnight delivery service.

Jack Of Hearts Casino Owners Undercover BossSmith purchased the controlling interest in an aircraft maintenance company, Ark Aviation Sales, [4] and by turned its focus to trading used jets. Inthe company began offering service to 25 cities, and it began with small packages and documents and a fleet of 14 Falcon 20 DA jets.

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His focus was on developing an integrated air-ground system, which had never been done before. Smith developed FedEx on the business idea of a shipment version of a bank clearing house where one bank clearing house was located in the middle of the representative banks and all their representatives would be sent to the central location to exchange materials.

In the early days of FedEx, Smith had to go to great lengths to keep the company afloat. It kept FedEx alive for one more week [12]. Smith has served on the boards of several large public companies, as well as the St. He served as chairman of the U. He is a member of the Aviation Hall of Fame. Smith also owns or co-owns several entertainment companies, including Dream Image Productions and Alcon Films producers of the Warner Bros. InSmith made an appearance as himself in the Tom Hanks movie Cast Awaywhen Tom's character is welcomed back, which was filmed on location at FedEx's home facilities in Memphis, Tennessee.

Bush while at Yale, after Bush's election, there was some speculation that Smith might be appointed to the Bush Cabinet as Defense Secretary.

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BushSmith chose to endorse Bush's re-election in When Bush decided to replace Rumsfeld, Smith was offered the position again, but he declined in order to spend time with his terminally ill daughter. Some had speculated that Smith might have a role as an economic advisor in a theoretical McCain administration. Smith was inducted into the Junior Achievement U.

On January 31,Fred Smith was indicted for forgery by a federal grand jury. The suit was filed by Smith's two half-sisters. A warrant for Smith's arrest was issued for which Smith posted bond with federal authorities in Memphis. The same evening of his forgery indictment Smith was involved in a fatal hit and run in which he killed a year-old handyman named George C. Smith was arrested and charged with leaving the scene of an accident and driving with an expired license.

All charges were later dismissed. This was not the first time Smith was involved in a fatal car accident. During his first summer break from Yale, Smith was back in Memphis driving out to a lake with friends when he lost control of the car he was driving, causing the vehicle to flip and killing the passenger in the front seat.

The cause of the accident was never determined. From Wikipedia, the free encyclopedia. For other people named Fred Smith, see Fred Smith disambiguation. Archived from the original on Father of the Overnight Delivery Business". Secrets of the Tomb: Little, Brown and Company. Interview with Greta Van Susteren. Holstein July 1, Archived from the original on November 19, Kellogg School of Management, Northwestern University. The Franklin Institute Awards. Archived from the original on December 24, Retrieved February 1, Smith Archived at the Wayback Machine.

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