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Frederick Smith was born in Marks, Mississippi, the son of James Frederick "Fred" Smith, 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 1931). [3]
In the years that followed, Smith became a lawyer and homebuilder. Smith's businesses employ more than 600 people in Wake and Johnston counties. The largest of those companies is paving company CC Mangum, of which he is the CEO. Smith also created the Fred Smith Company, which builds homes and constructs golf courses and athletic clubs. [2]
After his death, his eldest son Fred Smith, ran the chain until later, when his brother Jeff Smith became the chairman and CEO of Smith's. In 1989, the company completed its initial public offering and shares of the company started trading on the New York Stock Exchange. In 1996, Smith's acquired the Arizona supermarket chain Smitty's ...
Fred also served a short time as a commissioned officer in the US Naval Reserve during World War II. In 1948 Fred Smith suddenly died, and Earl succeeded Fred as the president of Dixie; then in 1949 The Greyhound Corporation bought the minority interest of the Smith family. Earl remained as the president of Dixie (as a division of the parent ...
FedEx founder Fred Smith's record donation made Tuesday a great day for the University of Memphis. But there's still work to be done for FedExForum.
The son of FedEx founder Fred Smith was part of four head coaching regimes in Tennessee as he worked his way from a defensive quality control assistant in 2011 to offensive coordinator under ...
Smith founded Federal Express Corporation in 1971 with $4 million from his inheritance and $91 million in venture capital. [11] in Little Rock, Arkansas, [12] where Smith was operating Little Rock Airmotive. After a lack of support from Little Rock National Airport, Smith moved the company to Memphis, Tennessee and Memphis International Airport ...
Fred Smith, founder and CEO, has been described as follows: “A guy like Fred Smith doesn’t build a company like FedEx without taking some risks and making some mistakes, but clearly the successes far outweigh the failures”.