Quotes by Frederick W. Smith - Page 1

I’m not afraid to take a swing and miss.
Frederick W. Smith /
Missing
Not Afraid
Swings
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I'm not afraid to take a swing and miss.
Frederick W. Smith /
Afraid
Miss
Swing
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A good Christian is a velvet-covered brick.
Frederick W. Smith /
Bricks
Christian
Velvet
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Fear of failure must never be a reason not to try something.
Frederick W. Smith /
Inspirational
Failure
Fear
Fall
Reason
Try
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There is no free market for oil. It's controlled by a cartel, OPEC.
Frederick W. Smith /
Cartels
Controlled
Free Market
Oil
Opec
Market
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Information about the package is as important as the package itself.
Frederick W. Smith /
Important
Information
Itself
Package
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I do not believe I could have built FedEx without the skills I learned from the Marine Corps.
Frederick W. Smith /
Believe
Marine
Marine Corps
Skills
Corps
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I am not someone who tends to advocate for increased government involvement in the private sector.
Frederick W. Smith /
Government
Involvement
Private Sector
Advocate
Increased
Private
Sector
Tends
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My four years in the Marine Corps left me with an indelible understanding of the value of leadership skills.
Frederick W. Smith /
Leadership
Indelible
Left
Marine
Marine Corps
Skills
Understanding
Years
Corps
Value
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Every time we make an investment decision at FedEx, we ask ourselves: 'What is the return on this investment?'
Frederick W. Smith /
Decision
Investment
Return
Every Time
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The United States tax system today is very prejudiced towards financialization, leverage, and lack of investment.
Frederick W. Smith /
Investment
Tax System
Today
United States
Tax
Towards
Leverage
Prejudiced
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Only electricity can give the transport sector the flexibility to switch fuels when one or more become too expensive.
Frederick W. Smith /
Electricity
Expensive
Flexibility
Fuel
Giving
Transport
Fuels
Sector
Switch
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If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.
Frederick W. Smith /
Customers
Growth
Innovation
Investment
Looks
Wealth
Scale
Creates
Historically
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A lot of the economy is indeed being supplied by goods that are produced offshore. And much of the reason for that is societal.
Frederick W. Smith /
Economy
Goods
Offshore
Reason
Indeed
Produced
Societal
Supplied
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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.
Frederick W. Smith /
Work
Men
Person
Work Better Person
Get
Who
He
His
Manager
Than
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My innovation involved taking an idea from the telecommunications and banking industries, and applying that idea to transportation business.
Frederick W. Smith /
Banking
Ideas
Innovation
Involved
Telecommunications
Transportation
Applying
Industries
Taking
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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.
Frederick W. Smith /
Leadership
Motivational
Inspiration
Judged
Judging
Standards
Willing
Judge
Stay
Front
Raising
Themselves
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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.
Frederick W. Smith /
Corporations
Impossible
Incentives
Offshore
Percent
Rate
United States
Tax
Incentive
Large
Provide
Tax Rate
Trillion
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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.
Frederick W. Smith /
Government
Arena
Century
International
Transportation
Acts
Beginning
Gotten
Steadily
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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.
Frederick W. Smith /
Mississippi
Paper
Quantity
Regard
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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.
Frederick W. Smith /
Government
Air
Effort
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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.
Frederick W. Smith /
Delivery
Ideas
Interesting
Management
Order
Paper
Response
University
Yale
Idea
Concept
Student
Earn
Feasible
Fred
Overnight
Professor
Proposing
Reliable
Service
Smith
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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.
Frederick W. Smith /
Leadership
Ability
Bottom
Common
Feels
Goal
Individual
People
Team
Your Goals People
Looking
Achieving
After
Everyone
Boils
Part
Simply
Down
Efforts
Ensuring
Top
Toward
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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.
Frederick W. Smith /
Government
People
Trying
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