Franklin Institute in Philadelphia, Pennsylvania. He is the 2011 recipient of the Tony Jannus Award for distinguished contributions to commercial aviation. While CEO of FedEx in 2008, Frederick W. Smith earned a total compensation of $10,434,589, which included a base salary of $1,430,466, a cash bonus of $2,705,000, stocks granted of $0, and options granted of $5,461,575. In June 2009, Smith expressed interest in purchasing the controlling share (60%) of the St. Louis Rams from Chip Rosenbloom and Lucia Rodriguez. In 2009, Frederick W. Smith earned a total compensation of $7,740,658, which included a base salary of $1,355,028, a cash bonus of $0, stocks granted of $0, options granted of $5,079,191, and other compensation totaling $1,306,439. In March 2014, Fortune Magazine ranked him 26th among the list of "World's 50 Greatest Leaders" In March 2022, Smith announced that he will step down as CEO and become executive chairman. He named long-time FedEx executive Raj Subramaniam as his successor. Forgery indictment and car crash On January 31, 1975, Fred Smith was indicted for forgery by a federal grand jury. The suit was filed by Smith's two half-sisters. The lawsuit alleged Smith had forged documents to obtain a $2 million bank loan and he and executives of his family's trust fund had sold stock from the fund for a loss of $14 million. A warrant for Smith's arrest was issued for which Smith posted bond with federal authorities in Memphis. Smith was later found not guilty on the forgery charge. The same evening of his forgery indictment Smith was involved in a fatal hit and run in which he killed a 54-year-old handyman named George C. Sturghill. Smith was arrested and charged with leaving the scene of a crash and driving with an expired license. He was released on a $250 bond. All charges were later dismissed. This was not the first time Smith was involved in a fatal car crash. During his first summer break from Yale, Smith was back in Memphis driving out to a lake with friends when he lost control of the car he was driving, causing the vehicle to flip and killing the passenger in the front seat. The cause of the crash was never determined. Personal life Smith has ten children, including photographer Windland Smith Rice, film producer Molly Smith and Atlanta Falcons head coach Arthur Smith. Notes References Profile in Fortune Magazine's Innovators Hall of