Fred Smith

(Newser) - FedEx Corp. said Monday that Fred Smith will step down on June 1 as CEO of the package-delivery company he started a half-century ago, per the AP . Smith, 77, launched FedEx in 1973, delivering small parcels and documents more quickly than the post office could. Over the decades, he oversaw...

(Newser) - John McCain and Barack Obama are doggedly courting CEOs of leading businesses in an effort to win voters' economic confidence, the Wall Street Journal reports. Each candidate has already lined up a corps of "poster CEOs," including the FedEx chairman, who is supporting McCain, and Warren Buffet, who...

(Newser) - Strength in high-tech US manufacturing and the globalization of the market has helped the US avoid a recession, with its exports being driven by a weak dollar, FedEx CEO Fred Smith told the Financial Times today. And, he said, as emerging economies continue to grow, so will US exports, even...