FedEx founder Fred Smith dies at 80

FedEx founder Fred Smith died Saturday in Memphis of natural causes. Smith was a revolutionary business leader. He dreamed up the idea of FedEx while he was a student at Yale University. He wrote an economics paper on it and his professor gave him a grade of a C. But that didn't deter Fred. He raised money from family and friends and he started the business at the age of 26, growing FedEx from its inception in 1973 to the largest transportation company in the world with more than half a million employees an ...