LYCOS RETRIEVER
Federal Express: Federal Express Corporation
built 645 days ago
In 1971, Fred Smith of Memphis created the Federal Express Corporation, an overnight air freight delivery system. A fleet of airplanes would fly packages from across the nation each evening to a center in Memphis, where the packages would be unloaded, sorted, and re-loaded onto other planes for travel to the final destination. In 1981, the corporation achieved a revenue of one billion dollars.
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Other airlines have reason to fear that Federal Express will gain an upper hand over them. The way to remove such suspicions is obvious. Enacting legislation banning open-ended contributions by individuals and corporations is the only way to restore integrity to the process in Washington.
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