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

Business Hall of Fame in 1998. He was formerly chairman of the Board of Governors for the International Air Transport Association and the U. The lawsuit alleged that Smith had forged documents to obtain a $2 million dollar bank loan and that he and executives of his family's trust fund had sold stock from the fund to a loss of $14 million dollars.

The company is headquartered in Memphis Tennessee. Frederick Wallace Smith (born August 11 1944) or Fred Smith is the founder chairman president and CEO of FedEx originally known as Federal Express the first overnight express delivery company in the world the largest in the United States and largest in the world.