FedEx Chairman, President and CEO Fred Smith appeared on CNBC earlier this week, interviewed by Maria Bartiromo as the company celebrated its 40th anniversary. Congratulations!
We also appreciate his kind remarks about Business Roundtable’s new white paper, “Corporate Tax Reform – The Time Is Now.” He remarked:
Maria Bartiromo: Let me ask you, final question here, Fred, in terms of the Federal Reserve and the stimulus out there, what kind of year are you expecting in terms of the economy into 2014? Do you think the fed slows down the stimulus this year?
Fred Smith: I would doubt it for the very simple reason that fuel prices are now coming down. That's a big driver of the average consumer's cost and inflation, and secondarily, we have not been producing jobs at the rate that this economy needs to produce jobs. And again, it's the result in our opinion of low levels of investment, compared to what's needed and corporate taxes need to be reformed. I would commend to anybody watching this show, a wonderful report, which was just published yesterday [Monday], by the Business Roundtable, which deals with this issue very completely. The scholarship is outstanding.
The video clip is here.
The entire interview is well worth watching, as Smith discusses the global economy and describes how the company protects itself against possible terrorist attacks. It's "FedEx CEO: Not Producing Jobs at Rate Needed."