Navy Federal Credit Union

Frederick W. Smith, the founder, president, chairman and CEO of FedEx, built the first overnight express delivery company in the world, starting in 1971. At Yale University, he was a friend and fraternity brother of former President George W. Bush.

Awards Received

  • Silver Star

    Service:

    United States Marine Corps

    Rank:

    First Lieutenant

    Batallion:

    3d Battalion

    Regiment:

    5th Marines

    Division:

    1st Marine Division (Rein.), FMF

    Action Date:

    May 27, 1968

    The President of the United States of America takes pleasure in presenting the Silver Star to First Lieutenant Frederick Wallace Smith (MCSN: 0-95227), United States Marine Corps, for conspicuous gallantry and intrepidity in action while serving as Commanding Officer of Company K, Third Battalion, Fifth Marines, First Marine Division in connection with operations against the enemy in the Republic of Vietnam. On the morning of 27 May 1968, while conducting a search and destroy operation, Company K became heavily engaged with a North Vietnamese Army battalion occupying well-entrenched emplacements on Goi Noi Island in Quang Nam Province. As Lieutenant Smith led his men in an aggressive assault upon the enemy positions, the North Vietnamese force launched a determined counterattack, supported by mortars, on the Marines’ left flank. Unhesitatingly rushing through the intense hostile fire to the position of heaviest contact, Lieutenant Smith fearlessly removed several casualties from the hazardous area and, shouting words of encouragement to his men, directed their fire upon the advancing enemy soldiers, successfully repulsing the hostile attack. Moving boldly across the fire-swept terrain to an elevated area, he calmly disregarded repeated North Vietnamese attempts to direct upon him as he skillfully adjusted artillery fire and air strikes upon the hostile positions to within fifty meters of his own location and continued to direct the movement of his unit. Accurately assessing the confusion that supporting arms was causing among the enemy soldiers, he raced across the fire-swept terrain to the right flank of his company and led an enveloping attack on the hostile unit’s weakest point, routing the North Vietnamese unit and inflicting numerous casualties. His aggressive tactics and calm presence of min under fire inspired all who observed him and were instrumental in his unit accounting for the capture of two hostile soldiers as well as numerous documents and valuable items of equipment. By his courage, aggressive leadership and unfaltering devotion to duty at great personal risk, Lieutenant Smith upheld the highest traditions of the Marine Corps and of the United States Naval Service.