Remembering Fred Smith
Mr. Speaker, I rise today in solemn tribute to Frederick W. Smith, the founder of FedEx and a visionary business and civic leader who revolutionized global commerce. Mr. Smith passed away on Saturday at the age of 80. Mr. Smith took an…
Mr. Speaker, I rise today in solemn tribute to Frederick W. Smith, the founder of FedEx and a visionary business and civic leader who revolutionized global commerce. Mr. Smith passed away on Saturday at the age of 80. Mr. Smith took an idea for express package delivery that he wrote about in a 1965 college term paper and turned it into a multinational corporation worth billions, employing more than 500,000 people at 2,000 locations worldwide. Mr. Smith's father, James Frederick Smith, the founder of the Toddle House restaurant chain and the Dixie Greyhound bus line, died when he was 4 and he and his brother, Richard, were raised by their mother. Mr. Smith attended Yale University, where he was a fraternity brother of future president George W. Bush. He later served as a Marine officer and platoon leader in Vietnam, where he received the Silver Star, the Bronze Star and two Purple Hearts. Mr. Smith founded Federal Express in 1971 in Little Rock, Arkansas, and moved it to his hometown of Memphis in 1973, where it grew exponentially through acquisitions. A visionary leader who never forgot his roots, Mr. Smith became a dedicated civic booster, helping bring the NBA's Grizzlies to Memphis where they play at the FedEx Forum and supporting the FedEx-St. Jude Championship charity golf tournament since 2009. Mr. Smith was a relentlessly loyal supporter of the University of Memphis, from the FedEx Institute of Technology to the athletic programs and his personal commitment to refurbishing Liberty Stadium, the home of the football Tigers. He was also a strong supporter of the Memphis Zoo, bringing pandas from China aboard a FedEx plane, and supporting the Teton Trek exhibit which displays nature photography taken by his late daughter, Woodland Smith Rice, who passed in 2005. Mr. Smith was a legendary business leader who often testified before Congress as a representative of the Business Roundtable.
I extend my profound condolences to Mr. Smith's wife, Diane Davis Smith, and nine children: Laurie, Stacey, Richard, Kathleen, Molly, Arthur, Rachel, Samantha and Buchanan; his brother, Richard Gary Smith; and granchildren, great grandchildren, nieces, nephews, and his first wife, Linda Grisham, as well as friends and the extended FedEx community around the world. His drive, intellect, wise counsel
and integrity made him one of the greatest businessmen of his generation. He led a remarkable life, and he will be greatly missed.