Fed Ex Founder Fred Smith
October 26, 2008 – 3:27 pm by BHInterviewed in the WSJ:
He [Fred Smith] has come to hold the get-rich-quick Wall Street financiers in more than a little disdain. He views the heroes of the U.S. economy as the companies that actually produce real goods and services. He sees the Wall Street collapse as an inevitable byproduct of investment bankers building multitrillion dollar debt pyramid structures.
Check out the rest. Lots of wisdom. I like this bit as well:
“Not too many young people coming out of school are studying to be production managers at General Motors.” He says that most of FedEx’s first line managers come not from the top flight universities, but out of community colleges and the military. “The top talent has wanted to go to Wall Street.”
One Response to “Fed Ex Founder Fred Smith”
What is sad about this is that we don’t get politicians like this. I think it would be great if someone like Fred Smith ran for high office. Recently, we have had financial executives enter the political fray, but off hand I can’t think of anyone from a large, manufacturing or service company run for Senate. Jack Welch…how about it? Problem is, he might not be able to win because of his marital problems.
By CJB on Oct 26, 2008