Frederick W. Smith

“I am not someone who tends to advocate for increased government involvement in the private sector.”

“The tax rate of 35 percent is impossible to provide an incentive to the large corporations, that have $1.7 trillion offshore, to put their money back in the United States.”

“A Yale University management professor in response to student Fred Smith's paper proposing reliable overnight delivery service: The concept is interesting and well-formed, but in order to earn better than a 'C', the idea must be feasible.”

“Leaders get out in front and stay there by raising the standards by which they judge themselves - and by which they are willing to be judged.”

“A manager is not a person who can do the work better than his men; he is a person who can get his men to do the work better than he can.”

“Leadership is simply the ability of an individual to coalesce the efforts of other individuals toward achieving common goals. It boils down to looking after your people and ensuring that, from top to bottom, everyone feels part of the team.”

“The United States tax system today is very prejudiced towards financialization, leverage, and lack of investment.”

“If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.”

“The biggest part of our business has always been moving things, not paper. With the Internet, people in Mississippi can buy things from Macedonia, without regard to time or place or quantity.”

“Only electricity can give the transport sector the flexibility to switch fuels when one or more become too expensive.”

“Fear of failure must never be a reason not to try something.”

“I'm not afraid to take a swing and miss.”

“A lot of the economy is indeed being supplied by goods that are produced offshore. And much of the reason for that is societal.”

“My four years in the Marine Corps left me with an indelible understanding of the value of leadership skills.”

“There is no free market for oil. It's controlled by a cartel, OPEC.”

“Every time we make an investment decision at FedEx, we ask ourselves: 'What is the return on this investment?'”

“Information about the package is as important as the package itself.”

“I do not believe I could have built FedEx without the skills I learned from the Marine Corps.”

“Beginning in 1973 and then acts in '77, '78, 1980, 1994 and then into the 21st century in the international arena, governments have steadily gotten out of the transportation business.”

“My innovation involved taking an idea from the telecommunications and banking industries, and applying that idea to transportation business.”