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June 8, 2007
Top Political Connections Abound For FedEx Founder, CEO
He
founded one of the most well-known corporate brands in the world, an
international package delivery AT
THE FOREFRONT: FedEx founder Frederick
W. Smith has been floated as a
possible cabinet member if Republican Sen.
John McCain is elected president in
2008. Smith is shown here delivering the
University of Mississippi's commencement
address May 12. -- ROBERT JORDANS service
that raked in $32.3 billion in revenue last year. So
why not, at least one current presidential candidate recently has
wondered aloud, give FedEx founder Frederick W. Smith a shot at helping
steer the federal government's massive, often unwieldy ship of state? At
an East Memphis fundraiser last week, Sen. John McCain, R-Ariz., told
supporters he thought Smith would be a valuable addition to the
presidential cabinet he'd assemble if elected in 2008. What
might have gone unnoticed to many Memphians is this: McCain's remarks at
The Crescent Club only hinted at a side of Smith's life story that his
unparalleled business success can easily overshadow. That
side of the Memphis entrepreneur relates to his personal history with a
host of political figures, which collectively reads like the resume of a
head of state. One
of those figures is former U.S. Sen. Jim Sasser, for whom Smith served
as campaign chairman in 1994 when the Democrat lost his seat to
Republican Bill Frist and who has known the visionary FedEx executive
for more than 30 years. "I've
known a lot of people, I've known a lot of presidents, and I would say
that Fred Smith is one of the most extraordinary and influential men of
his generation," Sasser said by phone from his Washington home.
"He is a person of really profound intellectual capability and also
combines that with a lot of courage. Fred is a risk-taker. He only does
things after thinking them through, and his risks are rational; they're
not shots in the dark." Sasser,
who admitted he's never voted for a Republican before, said if McCain
promised to name Smith to his cabinet - and to heed the businessman's
advice - the Memphis-born politician would have no hesitation about
casting his first-ever ballot for a Republican. Meanwhile,
Smith's myriad public statements about such relationships reveal the
significance of yet another perch he's occupied on the precipice of
history. "I've
spent considerable time in various places around the world - after all,
FedEx operates in 220 countries and territories, and it is a big part of
my job to try and understand what's going on elsewhere," Smith said
in May, speaking to the Ole Miss graduating class during the college's
154th commencement. His
ties to presidents, congressmen and scores of other world leaders help
him do that. He met current President George W. Bush and former
presidential candidate U.S. Sen. John Kerry, D-Mass., for example, long
before the flight of the Dassault Falcon 20C plane that delivered the
first FedEx package in 1973. In
past interviews, Smith has called Kerry one of his best friends from
college at Yale University. Smith met the future Massachusetts senator
as a sophomore. Both became members of the Yale Aviation Club, and
flying together became one of their favorite pastimes. In
Douglas Brinkley's biography of Kerry, "Tour of Duty," he
wrote that Smith and Kerry often discussed their futures during those
flights. The tidbit conjures images of the man who's arguably the most
visible business success story to emerge from Memphis listening to a
young Kerry talk about, oh, maybe running for Congress someday, while
both students fly off into the wild blue yonder. In
addition to Kerry, Smith's circle of friends at Yale included Richard
Pershing, the grandson of famed World War I general John "Black
Jack" Pershing. Smith also was a Delta Kappa Epsilon fraternity
brother of Bush's, and the two since have kept in touch. The
latter connection may partly be responsible for Smith being touted as a
possible secretary of defense nominee in Bush's first presidential term
- a job that ultimately went to Donald Rumsfeld. The
FedEx chairman, meanwhile, also is bound to McCain, Kerry and others by
the common fate of having served in Vietnam. Smith was a Marine pilot
and served two tours of duty. He
introduced McCain at the senator's lunchtime speech to the Economic Club
of Memphis in April at the University of Memphis. "Fred
Smith and Sen. McCain have been friends for many years," said
McCain campaign spokesman Tucker Bounds. "The senator has the
utmost respect for Mr. Smith and considers his business to be among the
great American success stories." It
would be almost impossible to tally the dignitaries, politicos and world
leaders of all stripes whose lives have intersected with Smith's. He and
former U.S. Senate Majority Leader Bob Dole, R-Kan., were the main
fundraisers responsible for the development of a World War II memorial
in Washington. "When
you look at what (Fred Smith has) done and the worldwide reach of the
firm he's created out of his own mind, it's just mind-boggling,"
Sasser said.
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