FedEx's Smith gives perspective to City Council - WMC Action News 5 - Memphis, Tennessee

FedEx's Smith gives perspective to City Council

By Nick Kenney - bio | email | Follow us on Twitter

MEMPHIS, TN (WMC-TV) - FedEx CEO Fred Smith opened up to Memphis City Council members Tuesday, talking about everything from crime and education to the economy and the future of Memphis.

In a rare public appearance, Smith battled bronchitis to discuss a sickly economy he said is poised for recovery.

"I do think the that the economy has begun to bounce along the bottom," he said.

Smith is the founder and CEO of FedEx, the largest employer in the area, and is widely regarded as one of Memphis' most influential citizens. The Memphis City Council invited him to speak to offer his perspective regarding the future of the city and a long list of other issues.

"The only thing I can do is to give you my experience from the business world," Smith said.

And Smith did just that as he weighed in on numerous issues:

On consolidation:
"I don't think it's necessarily a good thing to consolidate every government function because in business when you try to do that oftentimes you completely lose a feel for what you're trying to do."

On Memphis' best industries:
"Bioscience, higher education, and tourism it seems to me are the things that we can compete with anybody in if we set our minds to it."

On police residency:
"I would advise you, if you need police officers, hire the best police officers and if they want to live on the river they can live on the river if they want to live in a cabin in the woods they can live in a cabin in the woods."

On the Memphis/Shelby County economy:
"You need to focus on how to grow our economy inside the city limits and Shelby County and the rest of it will take care of itself."

Smith said he expects the economy to start on an upswing potentially as early as this fall.

  • News on WMCTV.comNewsMore>>

  • 9-year-old dies after driver falls asleep behind the wheel

    9-year-old dies after driver falls asleep behind the wheel

    Sunday, May 20 2018 3:15 PM EDT2018-05-20 19:15:30 GMT
    (WMC Action News 5)(WMC Action News 5)

    Memphis Police Department is investigating a deadly crash that happened early Sunday morning.  Police were called to the scene on Spottswood Avenue and Goodwyn Street where a car hit a tree.  Three children were injured in the crash and taken to Lebonheur Children's Hospital. Two of the children are in non-critical condition. Nine-year-old Jaliya Lewis died from her injuries. Police say the children were unrestrained in the back seat of the vehicle and were thrown to the ...

    More >>

    Memphis Police Department is investigating a deadly crash that happened early Sunday morning.  Police were called to the scene on Spottswood Avenue and Goodwyn Street where a car hit a tree.  Three children were injured in the crash and taken to Lebonheur Children's Hospital. Two of the children are in non-critical condition. Nine-year-old Jaliya Lewis died from her injuries. Police say the children were unrestrained in the back seat of the vehicle and were thrown to the ...

    More >>
  • Man shot, killed in Raleigh

    Man shot, killed in Raleigh

    Sunday, May 20 2018 3:13 PM EDT2018-05-20 19:13:25 GMT
    (Source: WMC Action News 5)(Source: WMC Action News 5)

    Memphis Police are investigating a shooting that left a man dead. 

    More >>

    Memphis Police are investigating a shooting that left a man dead. 

    More >>
  • Woman shot at Memphis strip club

    Woman shot at Memphis strip club

    Sunday, May 20 2018 3:10 PM EDT2018-05-20 19:10:33 GMT
    (Source: WMC Action News 5 archives)(Source: WMC Action News 5 archives)

    Memphis Police Department is investigating after a woman was shot outside a strip club Sunday morning.  The shooting happened at V Live Memphis around 3:45 a.m. Police say a fight broke out in the parking lot prior to the shooting.  The female victim is in non-critical condition. No suspect information is available.  Copyright 2018 WMC Action News 5. All rights reserved.

    More >>

    Memphis Police Department is investigating after a woman was shot outside a strip club Sunday morning.  The shooting happened at V Live Memphis around 3:45 a.m. Police say a fight broke out in the parking lot prior to the shooting.  The female victim is in non-critical condition. No suspect information is available.  Copyright 2018 WMC Action News 5. All rights reserved.

    More >>
  • Trending StoriesTrending StoriesMore>>

  • Doctor sentenced for poisoning girlfriend who lost baby

    Doctor sentenced for poisoning girlfriend who lost baby

    Sunday, May 20 2018 3:59 AM EDT2018-05-20 07:59:32 GMT
    Sunday, May 20 2018 3:59 AM EDT2018-05-20 07:59:32 GMT
    The man no longer has his medical license, and he could be deported to his birthplace of Pakistan. (Source: WJLA/Brooke Fiske/CNN)The man no longer has his medical license, and he could be deported to his birthplace of Pakistan. (Source: WJLA/Brooke Fiske/CNN)

    The man no longer has his medical license, and he could be deported to his birthplace of Pakistan.

    More >>

    The man no longer has his medical license, and he could be deported to his birthplace of Pakistan.

    More >>
  • breaking

    Sulfur dioxide emissions triple, 2 lava flows reach ocean

    Sulfur dioxide emissions triple, 2 lava flows reach ocean

    Sunday, May 20 2018 3:19 PM EDT2018-05-20 19:19:00 GMT

    Ongoing eruptions in Kilauea's east rift zone are triggering ongoing concerns.

    More >>

    Ongoing eruptions in Kilauea's east rift zone are triggering ongoing concerns.

    More >>
  • Scam Alert: 'Royal Name Game' could cost you royally

    Scam Alert: 'Royal Name Game' could cost you royally

    Saturday, May 19 2018 11:32 PM EDT2018-05-20 03:32:48 GMT
    (file)(file)

    The Royal Wedding on Saturday has created a lot of social media buzz but one ‘game’ could cost you if you participated.

    More >>

    The Royal Wedding on Saturday has created a lot of social media buzz but one ‘game’ could cost you if you participated.

    More >>
Powered by Frankly