"My innovation involved taking an idea from the telecommunications and banking industries, and applying that idea to the transportation business." - Frederick 'Fred' Wallace Smith
Founder, Chairman, President & CEO of FedEx, originally known as Federal Express, the first overnight express delivery company in the world, and the largest in the world.
While attending Yale in the early 1960s, he wrote a paper for an economics class, outlining a brand new business idea - overnight delivery service. An urban legend is that he got a low garde for this paper because the college professor deemed the idea not feasible.
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