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FedEx CEO Fred Smith on ... everything - Fortune Management -
May 12, 2012
I personally think that the federal government -- and you're talking to a liberal arts major here -- should restrict its funding of higher-education grants and loans to science, math, and engineering because that's where most of the value added comes. We put so much emphasis on "college degrees." Well, in Germany students at some point come to a fork in the road, and they either go on to university or they go on to a trade school. Say you're a FedEx airplane mechanic working on one of our Boeing Triple Sevens. That's a $100,000-plus job. You don't have to have a college degree to get that job. You don't have to know Chaucer and The Canterbury Tales. You can go right to West Memphis, Ark., where we have a relationship with the community college, and be trained to be a licensed mechanic. Then you can come to work at FedEx. -
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