Fred Smith to step down from president role at FedEx

Discussion in 'FedEx Discussions' started by Joe Nuno, Oct 9, 2016.

  1. Joe Nuno

    Joe Nuno Member

  2. oldfart

    oldfart Active Member

    Bring back Ken May
     
  3. bacha29

    bacha29 Well-Known Member

    Thank you for the heads up. Smith will still be in charge and will control enough seats on the board to make certain that any proposed changes will have to go through him and his board majority . Therefore change if any in the structure of the company and it's operations are decades away.
     
  4. Joe Nuno

    Joe Nuno Member

    Your welcome
     
  5. bacha29

    bacha29 Well-Known Member

    With 10 kids to 2 different women, it will be interesting to see how matters pertaining to Fred Smith's estate unfold and what if any impact it has on the company going forward.
     
  6. oldfart

    oldfart Active Member

    Wasnt it 9 kids before 1 passed away? Either way the future of the company and his estate should not be related. Unless Richard is being groomed, it would seem a person not named Smith will be in charge in the future. The Walton family has a very strong hold on Walmart but it has been years since a Walton has been at the helm. I am sure it will be the same at FDX.
     
  7. bacha29

    bacha29 Well-Known Member

    In the end it will still come down to voting stock and who has a board majority.
     
  8. Code 82 Approved

    Code 82 Approved Titanium Plus+ Level Member

    I'm not one to question a whole lot.
    But do any of you think Fred actually shows up at HQ?
    I wish I lived in Memphis, I'd document it.
    Oh, and Fred... feel free to reply.
    Buy my domain while you are at it.
     
  9. MrFedEx

    MrFedEx Engorged Member

    I actually agree with you!! Ken May was excellent and was the type of progressive, forward thinking individual that FedEx needed. Unfortunately, he wasn't a good fit in the FedEx culture and the Kinko's deal sealed his fate. Nobody could have made that abortion work, and May got the blame.

    Truly a nice man, one I actually got to know personally. He is the real deal.
     
    Last edited: Oct 15, 2016
  10. MrFedEx

    MrFedEx Engorged Member

    I don't see any significant changes until Fred goes to Station HEL. Dave wouldn't have made it this far if he wasn't aboard the Smith train, and I still see Fred pulling his strings.

    I actually worked for Dave back in the 80s' and found him to be a very good manager and a nice guy. Once, at a Memphis restaurant in the 90s', he recognized me and took the trouble to come over, say hello, and have a drink. By this time, he was already way up the ladder.

    Once the leash is loosened, we'll see if Dave is any more progressive than Smith.
     
  11. Cactus

    Cactus Just telling it like it is

    If only Smith would have just let him do his job and didn't make the stupid mistake of buying Kinko's things could have better.
     
  12. MrFedEx

    MrFedEx Engorged Member

    Bring back Mary Alice Taylor.
     
  13. bacha29

    bacha29 Well-Known Member

    After having bought RPS from Roadway and American Freightways they were on a bit of a roll and wrongly believed that nothing was going to get in their way.
     
  14. oldfart

    oldfart Active Member

    There in a regular basis. Definitely not an absentee CEO.
     
  15. Northbaypkg

    Northbaypkg 20 NDA stops daily

    I thought the Kinko's purchase was a good deal? Why wasn't it?
     
  16. whenIgetthere

    whenIgetthere Well-Known Member

    • Informative Informative x 1
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  17. Cactus

    Cactus Just telling it like it is

    Purchasing Kinko's is almost like Zapmail II.
     
  18. oldfart

    oldfart Active Member

    Never have figured out how to market Kinkos. It is getting better but most likely will never be a major player
     
  19. Cactus

    Cactus Just telling it like it is

    It ain't Kinko's any more dude.

    Quit living in 1985.
     
  20. MrFedEx

    MrFedEx Engorged Member

    Their biggest mistake was renaming it FedEx Office. Everyone knew what Kinko's was, and nobody had ever heard of FedEx Office. As usual in a takeover/purchase, FedEx cleans house and institutes the highly dysfunctional Express culture with all of it's threats and anti-worker rules and systems.
     
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