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Posted on 6/22/25 at 8:36 am to Teddy Ruxpin
quote:
Then joins the Marines and starts FedEx before he's 30?
? I'm such a piece of shite.
It's not like he succeeded overnight. He had the complete package.
Posted on 6/22/25 at 8:41 am to Teddy Ruxpin
quote:
Marks, MS to Yale is incredible enough.
Thought he same thing.
Posted on 6/22/25 at 8:47 am to lsufball19
quote:
He’s not a rags to riches story. He took wealth his family had and turned it into a global empire.
Yep. He started FedEx with $95 million in personal inheritance and venture capital. UPS was started by Jim Casey with a couple of bicycles and $100 loan. And because FedEx started out as an “airline”, it has also operated under the National Railway Act giving it a huge advantage over a unionized UPS that has to operate under the National Labor Relations Act.
Posted on 6/22/25 at 9:59 am to Chastains
quote:
Memphis is already bad. If Fedex moves out. Memphis will basically be a 700,000 person version of Jackson, MS.
Probably worse. FedEx has something like 33k employees in/around Memphis (to put this into Baton Rouge context, it would be similar to Exxon employing ~5x as many people in the BR area), making them the largest employer in the area. Another large employer, Auto Zone, would likely be negatively impacted as well (possibly pushing them to move not long after).
That many paychecks shrinking or drying up would have massive ripple effects throughout the economy, making it into a larger and more violent version of Jackson within the following 10 years.
All that said, there's pretty much zero chance FedEx moves out of Memphis at this time. I'm not saying it won't happen, but FedEx has a massive amount of stroke by being such a large player in the area that they have massive complexes in Memphis, Germantown and Collierville while also using the lion's share of the space at MIA (which was made for/by FedEx in the first place). That's an incredibly sweet setup, so something strong enough to lure FedEx from Memphis would have to be insanely good (so good I would be skeptical of it).
Posted on 6/22/25 at 10:32 am to lsufball19
quote:
His family had a lot of money.
His father started Toddle House restaurants.
Posted on 6/22/25 at 10:46 am to hansenthered1
quote:
If you have been to Marks, MS you would understand how stupid your comment is. Even if he was from money, the be from Marks, MS and be from money and then make more, way more, is crazy odds.
My man, he left Marks, MS when he was like 3 years old. He grew up in Memphis. His family had “frick you” money
This post was edited on 6/22/25 at 10:47 am
Posted on 6/22/25 at 10:48 am to lsufball19
The odds of him coming from Marx is still crazy. That being said, I think Charly Pride was from close by there too.
Posted on 6/22/25 at 10:48 am to Bard
quote:
All that said, there's pretty much zero chance FedEx moves out of Memphis at this time. I'm not saying it won't happen, but FedEx has a massive amount of stroke by being such a large player in the area that they have massive complexes in Memphis, Germantown and Collierville while also using the lion's share of the space at MIA (which was made for/by FedEx in the first place). That's an incredibly sweet setup, so something strong enough to lure FedEx from Memphis would have to be insanely good (so good I would be skeptical of it).
They also have their own massive airport hub in Memphis, separate from the main Memphis airport. It would cost tens of billions to relocate all their infrastructure elsewhere and wouldn’t really make sense fiscally
Posted on 6/22/25 at 10:54 am to member12
My brother in laws dad was one of Fed Ex’s first pilots. He had to use his own credit card to fuel his plane on a return trip bc Fed Exs credit was at his limit. There’s an old newspaper article on the story
Posted on 6/22/25 at 10:56 am to lsufball19
quote:
They also have their own massive airport hub in Memphis, separate from the main Memphis airport. It would cost tens of billions to relocate all their infrastructure elsewhere and wouldn’t really make sense fiscally
They could just move the headquarters a few miles to Southhaven, Mississippi. But that would be dumb, unless Mississippi completes its income tax phase out. Tennessee doesn’t have income tax.
Posted on 6/22/25 at 10:59 am to Tarps99
Their corporate headquarters are in the burbs already. Wouldn’t make a ton of sense regardless to go to Southaven, even if they get rid of state income taxes in MS
This post was edited on 6/22/25 at 11:00 am
Posted on 6/22/25 at 11:11 am to lsufball19
Ain't happening.
Smith made sure of that for whenever he would no longer be around.
Fun for people to think about I guess, but ultimately a waste of time.
Another fun fact, number of Fortune 500 corporations
Louisiana - 0
Memphis - 3
Smith made sure of that for whenever he would no longer be around.
Fun for people to think about I guess, but ultimately a waste of time.
Another fun fact, number of Fortune 500 corporations
Louisiana - 0
Memphis - 3
This post was edited on 6/22/25 at 11:12 am
Posted on 6/22/25 at 11:19 am to TutHillTiger
quote:
He was a great guy
I have my doubts, TWICE, he killed peiple while driving his car. One of these times he fled the scene
One of his sons is also one of the biggest piece of shite human beings I’ve ever met
He did do alot for Memphis. A shite ton. But him being a great person I just don’t know
This post was edited on 6/22/25 at 11:21 am
Posted on 6/22/25 at 11:25 am to AlonsoWDC
quote:
Another fun fact, number of Fortune 500 corporations Louisiana - 0 Memphis - 3
Another fun fact. Pitt Hyde and Fred Smith both attended the same elementary school and same high school and were there at the same time
Posted on 6/22/25 at 11:27 am to lsupride87
One of his sons is also one of the biggest piece of shite human beings I’ve ever met
__________________________________
Please tell me it's the one who is the former failed HC of the Atlanta Falcons. I am just finding out what you said in your post about his car crashes. He killed TWO people in TWO separate car crashes & served no time for either. Wow.
__________________________________
Please tell me it's the one who is the former failed HC of the Atlanta Falcons. I am just finding out what you said in your post about his car crashes. He killed TWO people in TWO separate car crashes & served no time for either. Wow.
Posted on 6/22/25 at 11:30 am to Hetfield
quote:
Please tell me it's the one who is the former failed HC of the Atlanta Falcons
He’s probably talking about Richard Smith, his eldest son. He is a piece of shite. Cannon Smith, his youngest, isn’t a saint either
This post was edited on 6/22/25 at 11:31 am
Posted on 6/22/25 at 11:39 am to member12
They’ll be in Texas or Georgia within 5 years
Posted on 6/22/25 at 11:43 am to Chastains
Why would FedEx leave Memphis?
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