The Corner

FedEx Founder: I Couldn’t Start Company with Today’s Economy, Regulations

At an aviation conference today, the founder and CEO of FedEx suggested that he would not be able to create his delivery company in today’s regulatory climate. Frederick Smith, who started FedEx in Arkansas in 1971, told Fox News’s Bret Baier that his company is “a creature of the government getting out of the way of business” because regulations in the transportation industry were steadily rolled back after he founded it, which allowed his company to grow.

“I don’t think there’s any question about the fact that it’s much more difficult to start an industrial company today,” Smith added. “The regulatory environment is very tough today.”

Most Popular

Politics & Policy

FBI Lovebirds Is D.C. Satire at Its Best

What do you get when you take Dean Cain, an actor famous for playing Superman on TV, and Kristy Swanson, the actress who was the original Buffy the Vampire Slayer, and give them the chance to play a couple of adulterous, wildly partisan FBI agents working at the highest levels of the Mueller Russiagate ... Read More