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Frederick W. Smith

Frederick W. Smith Quotes

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Frederick W. Smith, born on August 11, 1944, is an influential entrepreneur in the business world. He has extensive experience in the aviation and logistics industries and is considered one of the founders of FedEx, a leading global express delivery service provider.

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Famous Frederick W. Smith Quotes

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

Reason Economy Goods Offshore

Author:Frederick W. Smith

“It is impossible to manage the health care requirements of tens of millions of American citizens at the federal level. It is impossible to manage all of the permutations of people's economic aspirations and lives through a complex tax code. It is impossible to try to second-guess the market. It is impossible, from a managerial standpoint, for the federal government to do the things it is trying to do today.”

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

Giving Fuel Expensive Electricity Flexibility Transport

Author:Frederick W. Smith

“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.”

Inspiration Motivational Leadership Leader Fronts Willing Judging Standards Judged

Author:Frederick W. Smith

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

Ideas Industry Involved Innovation Banking Transportation Telecommunications

Author:Frederick W. Smith

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

Ifs Looks Growth Wealth Increase Innovation Investment Customers Scales Continuous Learning

Author:Frederick W. Smith

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

Inspirational Trying Reason Fall Fear Fear Of Failure

Author:Frederick W. Smith

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

Missing Not Afraid Swings

Author:Frederick W. Smith

“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.”

“I paid every effort to seek deregulation throughout FEDEX's start-up and expansion periods, because the biggest impediment to our growth was the government regulations that restricted new entry into the air cargo market.”

Government Growth Effort Air Periods Paid Regulation Expansion Entry Impediments Government Regulation Cargo Deregulation

Author:Frederick W. Smith

“A good Christian is a velvet-covered brick.”

Christian Christianity Covered Bricks Velvet Good Christian

Author:Frederick W. Smith

“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.”

People Feels Individual Goal Ability Common Effort Team Achieve Bottom Common Goal

Author:Frederick W. Smith

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

Government Involvement Private Sector Government Involvement

Author:Frederick W. Smith

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

Believe Skills Built Marine Marine Corps

Author:Frederick W. Smith

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

Years Values Left Understanding Four Skills Four Years Marine Marine Corps Leadership Skills Indelible

Author:Frederick W. Smith

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

States Today United United States Taxes Investment Tax System

Author:Frederick W. Smith

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

Oil Controlled Free Market Cartels Opec

Author:Frederick W. Smith

“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.”

Government Century International 21st Century Arena Transportation

Author:Frederick W. Smith

“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.”

States United United States Impossible Taxes Percent Rate Corporations Incentives Offshore

Author:Frederick W. Smith

About the Author

Born: August 11, 1944
Known for: Author
Quotes: 19

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Government Taxes Effort Growth Ideas Impossible Innovation Investment Marine Marine Corps

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