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Frederick Wallace "Fred" Smith (born August 11, ) is the founder, chairman, president, and CEO of FedEx, originally known as Federal Express. Jan 23,  · 10 Things You Might Not Know About FedEx Billionaire Fred Smith. he flies to Las Vegas, wins $27, at blackjack and wires it back to FedEx. See the hidden arrow in the FedEx logo? Fred Smith, then an undergraduate at Yale University, wrote a paper for an economics class that proposed overnight delivery.

The Founder Of FedEx Saved The Company From Bankruptcy With His Blackjack Winnings

In , the company carried its first load of packages While majoring in economics at Yale University in , Smith wrote a paper about the automation of society and the transportation of goods. His focus was on developing an integrated air-ground system, which had never been done before. He served as chairman of the U. Unhesitatingly rushing through the intense hostile fire to the position of heaviest contact, Lieutenant Smith fearlessly removed several casualties from the hazardous area and, shouting words of encouragement to his men, directed their fire upon the advancing enemy soldiers, successfully repulsing the hostile attack. It kept FedEx alive for one more week [13] Smith has served on the boards of several large public companies, as well as the St.

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Frederick W. Smith

Early years[ edit ] Smith was born in Marks , Mississippi , the 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 In , Smith 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 don't 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.

Marine Corps service[ edit ] After graduation, Smith was commissioned in the U. Marine Corps , serving for three years from to as a platoon leader and a forward air controller FAC , flying 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.

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