[25] 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. For his business leadership, he received the 2008 Bower Award from the Franklin Institute. For more information, visit Data Security Page. This documentary-style series follows investigative journalists as they uncover the truth. The FedEx of the near future may feature deliveries by drone as well as ROXO, the FedEx robot. Richard W. Smith became President and Chief Executive Officer of FedEx Express on September 1, 2022. Smith takes the reins of FedEx Express and its fleet of 680 aircraft at a time when air cargo services are in high demand. He bought a controlling interest in Ark Aviation Sales, a company engaged in aircraft maintenance and owned by his then father-in-law. Smith is one of the sons of FedEx founder Frederick Smith. Fred Smith never gave up hope and established his company FedEx, making it the worlds largest delivery service company. He joined the company in 2005. FedEx founder Frederick W. Smith's son Richard W. Smith is rising through the ranks at the Memphis-based company. He also got the Tony Jannus Award in 2011 for his contribution to aviation. How to Geta Free Flight to Hong Kong in 500,000 Airline Ticket Giveaway, Apple Suppliers Are Racing to Exit China, AirPods Maker Says, Stocks, Bonds Trim Drop With Rate Outlook Adjusted: Markets Wrap, Microsoft Expands Game Pass as Regulators Fret Over Activision Deal, Cash Is Paying More Than Traditional Stock-Bond Portfolio. He is a past chairman of the Greater Memphis Chamber of Commerce and serves on its Chairmans Circle Board. Smith has served as the chairman of the Greater Memphis Chamber of Commerce. In 2000, Smith made an appearance as himself in the Tom Hanks movie Cast Away, when Tom's character is welcomed back, which was filmed on location at FedEx's home facilities in Memphis, Tennessee. In 2008, he was awarded the Kellog Award for Distinguished Leadership. [7][8] He received his bachelor's degree in economics in 1966. Richard W. Smith will become the next president of FedEx Express, replacing Donald F. Colleran, who plans to retire Dec. 31, the company announced on Thursday afternoon. Passenger airline struggles have kept belly capacity limited since the pandemic began, conditions which have benefited the company along with a surge in e-commerce shipments. Fred Smith was born in Memphis, Tennessee, the U.S. on August 11, 1944, to parents James Frederick Smith and Sally Wallace. Windland is a photographer, Molly is a film producer, and Arthur is the Atlanta Falcons head coach. "Strategically, it made a lot of sense to me," Smith told CO in 2019. Smith has more than 30 years of experience in the transportation industry and joined FedEx in 2000. If not much, we have compiled all you need to know about Fred Smiths net worth in 2023, his age, height, weight, wife, kids, biography and complete details about his life. Author Gale Ion Harris in "The First Wife of Ralph Keeler of Hartford and Norwalk, Connecticut," states with a careful analysis that Richard Smith's parents were unknown. our office. 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. Before holding those positions, Smith also served for two years as president and CEO of FedEx Logistics. "Distribution has gone very smoothly this morning, all of us at FedEx are immensely proud to be apart of this historic moment." In 1994 the company was renamed to FedEx, and then again in 2000 to FedEx Corporation. [24] Market Realist is a registered trademark. Smith pleaded guilty in 1998 to assaulting Kory on Nov. 21, 1997. Fred Smith Wife Fred was first married to Linda Black Grisham in 1969. Well, Fred Smiths age is 78 years old as of todays date 1st March 2023 having been born on 11 August 1944. The estimated Net Worth of Frederick W Smith is at least $2.49 Billion dollars as of 2 May 2022. Oak Park, Illinois, United States He is the founder and chairman of FedEx Corporation, the world's largest transportation company. Fred Smith Education [31], For the surgeon in Syracuse, New York, see, SMEI Sales & Marketing Hall of Fame in 2000, "FedEx names Raj Subramaniam as CEO, replacing founder Fred Smith", "Frederick W. Smith Biography and Interview", "10 Things You Might Not Know About FedEx Billionaire Fred Smith", "Trump tells story of term paper that got a 'C' but launched FedEx. Richard has been climbing the ranks for. San Diego, CA. In 2018, he made bold remarks about Memphis needing to grow. Windland Smith Rice was the first daughter of Frederick Smith, who was a professional photographer specializing in animals and nature. But what grade should his story get? CHARLOTTESVILLE, Va. (AP) The son of FedEx Corp.'s founder and chief executive should pay $200,000 for injuries to a University of Virginia student during a campus assault four years ago, a jury ruled. He died when Fred Smith junior was four years old and the boy was raised by his mother in Memphis, Tennessee where he attended the private Presbyterian Day School. While Smith was Bush's first choice for the position, he declined for medical reasons Donald Rumsfeld was named instead. Table of Contents show. CDC reinstates mask recommendation for planes, trains, While U.S. hits new job quitting record, this man set his own record 84 years at the same company, The U.S. housing market is historically overvalued. Topics covered: logistics, freight, operations, procurement, regulation, technology, risk/resilience and more. He has also been on the boards and councils of a number of big companies, a member of the Aviation Hall of Fame, the Junior Achievement U.S. Business Hall of Fame and the SMEI Sales & Marketing Hall of Fame, and a winner of several awards. Senator and Secretary of State John Kerry; the two shared an enthusiasm for aviation and were flying partners.[10]. The three owned a total of 40% of the team until 2021, when they sold their stake to majority owner Dan Snyder following discontentment with Snyder. Updated Jan 21, 2019 at 12:05pm. Richard Smith - Chief Financial Officer, European Operations - Thrive. Immediately prior, Richard served as regional president of the Americas, which includes U.S. domestic, Canada, and LAC (Latin America & the Caribbean), and executive vice president of global support for FedEx Express. The 10 children of FedEx founder Frederick W. Smith are spread out across industries. The Daily Memphian reported that he previously held the title of Regional President of the U.S. and Executive Vice President of Global Support. This was the idea that later brought Smith huge success. He stood by his employees, even during their time of struggle. It was FedEx chairman and CEO Frederick W. Smith, a half-hour early for their scheduled call"FedEx time," Subramaniam quipssaying he wanted to tell the board he was ready to pass the . Well, how well do you know about Fred Smith? The war was resolved by a cease-fire that . He formerly worked with the US Marine Corps, where he observed their delivery and procurement procedures, and gained the knowledge that he used to offer global delivery services through FedEx. He is also known to have friendly relations with John Kerry. Katarina Martinson Family, Family Tree, Roman Avdeev Life, Family, Business, Net Worth, David M. Overton Chief Executive Officer Of The Cheesecake Factory. Smith spent most of his youth playing multiple sports, with a particular focus on football as both his brothers went on to . His father was the founder of the Toddle House restaurant chain. Your email address will not be published. On June 18, 1971, Smith founded Federal Express with his $4 million inheritance (approximately $23 million in 2013 dollars)[12] and raised $91 million (approximately $525 million in 2013 dollars)[12] in venture capital. Why was President Biden talking about Utahs 2002 Winter Games at the White House? Karla Sommers, Carly Wallace, Dirk Pichel, Vikesh Jugjivan, Stephen Smith, Szabolcs Sznt, Terry Fillner, Doug Loft, Jocelyn Seward, Allan Brown, Elizabeth Koziol, Adam Jackson, Lenora Jackson, Jan-yan Chartrand, John Gazitua, Jorge Munoz, Tim Wing . Senior Project Manager at First American Title Insurance Company. In June, Smith was named Regional President of the Americas for FedEx Express. He married his wife, Linda Black Grisham in 1969. He had struggled with hips arthritis until he was 10 years old, but upon growing out of the disease, Smith became a successful football player, and developed a great passion for flying, soon turning into a skilled amateur pilot. All three are juniors at the university. Fred Smith has been awarded numerous times for his contributions in the industry. She is being breastfed by Attiah's wife, who has a four-month-old baby of her own, per the BBC. FedEx Corp. said Monday that Fred Smith will step down on June 1 as CEO of the package-delivery company that he founded and be succeeded by the company's president and chief operating officer.. Cameron Smith, who won the British Open at St. Andrews with a final-round 64, is apparently headed to the LIV Golf Invitational Series along with fellow Australian Marc Leishman following the . With shipments of the coronavirus vaccine expected to roll out Sunday, Richard Smith, Regional President of the Americas and Executive Vice President at FedEx, reveals how the company will track . Busy Philipps Net Worth 2023, Age, Height, Weight, Biography, Wiki and Ernie Hudson Net Worth 2023, Age, Height, Weight, Biography, Wiki and Parris McBride Net Worth 2023, Age, Height, Weight, Biography, Wiki and Doug Polk Net Worth 2023, Age, Height, Weight, Biography, Wiki and Laura Ann Patterson, Fredette Smith Eagle, Linda Black Grisham (m. 19691977), Diane Smith, Cannon Smith, Molly Smith, Windland Smith Rice, Arthur Smith, Richard Smith, Entrepreneur, Businessperson, Army officer. BrightDrop, a General Motors subsidiary, will deliver a total of 2,500 EVs to FedEx Express over the next few years, but the potential remains that initial order could be increased to as many as 20,000, Richard Smith, FedEx's regional president of the . He attended elementary school at Presbyterian Day School in Memphis and high school at Memphis University School, and became an amateur pilot as a teen. Smith developed FedEx on the business idea of a shipment version of a bank clearing house where one bank clearing house was located in the middle of the representative banks and all their representatives would be sent to the central location to exchange materials. Required fields are marked *. On January 31, 1975, Fred Smith was indicted for forgery by a federal grand jury. FedEx Corp. said Richard W. Smith, son of founder and Chief Executive Officer Fred Smith, will take over leadership of the FedEx Express division later this year, boosting speculation the younger Smith may be in line eventually for the company's top job. The company has constantly expanded and enhanced its services since. His successful business ventures have enabled him to amass this incredible wealth; Smith was ranked as 171 on Forbes 400 list, and 144 on the list of billionaires in the US in 2015. In Centimetres Busy Philipps Net Worth 2023, Age, Height, Weight, Biography, Wiki and Career Details, Ernie Hudson Net Worth 2023, Age, Height, Weight, Biography, Wiki and Career Details, Parris McBride Net Worth 2023, Age, Height, Weight, Biography, Wiki and Career Details, Doug Polk Net Worth 2023, Age, Height, Weight, Biography, Wiki and Career Details, Kurt Warner Net Worth 2023, Age, Height, Weight, Biography, Wiki and Career Details, Phil Collins Net Worth 2023, Age, Height, Weight, Biography, Wiki and Career Details. Back. Birth Place: If you do not know, we have prepared this article about details of Fred Smiths short biography-wiki, career, professional life, personal life, todays net worth, age, height, weight, and more facts. Richard Smith has risen quickly through the ranks at FedEx. Molly Smith is Smiths daughter, who is an American film producer, best known for her films like The Blind Side in 2009, and P.S. The suit was filed by Smith's two half-sisters. We have updated our list of supported web browsers. Recently, he was named the Regional President of the Americas for FedEx Express.. Prior to the pandemic, FedEx Express was in a slump. Save my name, email, and website in this browser for the next time I comment. In December 2020, he testified in front of the U.S. Senate about the transportation industrys preparations for vaccine distribution. ", "The 2004 Campaign: The Massachusetts Senator: Idealistic Man on Campus To Realistic Sailor at War", "Frederick Smith - Recipient - Military Times Hall Of Valor", "Redskins' minority owners look to sell stakes in team amid ongoing turmoil", "Washington Football Team owner Dan Snyder officially buys out partners, per report", "Golden Plate Awardees of the American Academy of Achievement", "Kellogg honors FedEx CEO Fred Smith as Distinguished Leader", "2008 Bower Award for Business Leadership: Frederick W. Smith", 2008 CEO Compensation for Frederick W. Smith, "FedEx's Smith could deliver bid for Rams", 2009 CEO Compensation for Frederick W. Smith, "Fred Smith - Fortune ranks the World's 50 Greatest Leaders - FORTUNE", "FedEx founder Fred Smith to step down as CEO; Raj Subramaniam to succeed him", "Rachel Smith follows sister's footsteps as movie producer", Profile in Fortune Magazine's Innovators Hall of Fame, Chief Executive Magazine Names Fred Smith 2004 CEO of the Year, https://en.wikipedia.org/w/index.php?title=Frederick_W._Smith&oldid=1134357751, This page was last edited on 18 January 2023, at 08:12. Now, Smith will be asked to lead FedEx Express as the company leverages the current supply-demand imbalance in air cargo and attempts to gain momentum in Europe with the full integration of TNT Express. The Lost Boys of Sudan is a group of tens of thousands of young men who were displaced by the second Sudanese Civil War during the 1980s, 1990s and 2000s. Jurors also want Smith of Memphis, Tenn.; Harrison Kerr Tigrett of Memphis, Tenn.; Bradley Clark Kintz of Mount Vernon, Va.; and Wesley McCluney of Arlington, Va., to pay $120,000 for Kory's past and future medical expenses. Personal Life Smith married the television host Linda Black in the year 1969. Topics covered: S&OP, inventory/demand planning, technology integration, DC/warehouse management, and more. It kept FedEx alive for one more week.[13]. He named long-time FedEx executive Raj Subramaniam as his successor.[1][28]. Toby Keith Tragic Life - The Reason Why He's Quit Romeo Beckham Age, Height, Girlfriend, Net Worth, Chelah Horsdal's Wiki Bio, net worth, measurements Facts You Didn't Know About 'My Kitchen Rules'. ATA Treasurer. Smiths exact net worth isn't known at this time. Richard Smith is survived by his wife Milan and by his 8 children and 9 grandchildren. Richard Smith (born 12 December 1971) is an English guitarist specialising in the fingerstyle guitar tradition of Merle Travis, Chet Atkins, and Jerry Reed. Save my name, email, and website in this browser for the next time I comment. He was also the recipient of the Tony Janus Award for his contribution in the field of aviation and the George C. Marshall Award for his success in building FedEx from scratch. People may receive compensation for some links to products and services on this website. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration. [14][15] Smith also owns or co-owns several other entertainment companies, such as Alcon Entertainment. The couple had two children. Well, if youre all set, here is what we know about Fred Smith to date. "This is what we were built for, and we plan for things like this regularly," Smith told the U.S. Senate Subcommittee on Transportation and Safety in December 2020. Subscribe to Supply Chain Dive for top news, trends & analysis, The free newsletter covering the top industry headlines, PorterLogic Raises Funds from TitletownTech To Accelerate Growth, SELSCS Grows Freight Brokerage with Descartes Transportation Management, Freight Visibility a, Assent Appoints Aaron Korsen as Senior Vice President of North American Sales to Lead Growth i, GreyOrange Derisks Warehouse Fulfillment with Its GreyMatter Open API, By signing up to receive our newsletter, you agree to our, Webinar [4], In the early days of FedEx, Smith had to go to great lengths to keep the company afloat. Interestingly, having been President Bushs fraternity brother at Yale, Smith was offered the position of Defense Secretary in the Bush Cabinet two times, but he turned down the offers. At the beginning, the company wasnt successful and lost money, mainly due to Smith investing too much in advertising, but also due to an increase in the fuel and gasoline prices, and was even on the verge of bankruptcy. To keep the company afloat, Fred went to Las Vegas and tried his hand at casinos, winning a total of $27000. As of 2023, Fred Smith has an estimated net worth of $6 Billion. Regional president of FedEx Express gives the latest on vaccine shipment Richard Smith takes viewers through the logistics of delivering the Pfizer vaccine to hospitals and facilities around the . [29], This was not the first time Smith was involved in a fatal car crash. Fred Smith is the American businessman who came up with the idea of air freight and founded FedEx. He is the founder and chairman of FedEx Corporation, the world's largest transportation company. The company slowly began to expand and grow its customer base, and by 1978, it was stable enough to be a part of the New York stock exchange. Bush. Real Name/Full Name Arthur Smith is a writer and alternative comedian, who has won several awards and nominations for his standup performances and play roles. Everything You Need To Know About Lee Chung-ah Ethan Bradberry's (h3h3) Wiki Biography, age, net Who has Heidi Klum dated? Fred Smith attended Presbyterian Day School for elementary school. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. "[11], In 1970, Smith purchased the controlling interest in an aircraft maintenance company, Ark Aviation Sales,[4] and by 1971 turned its focus to trading used jets. Richard Smith - Vice President of Business Development, Vendor Relations - Tempest Telecom Solutions. Fox News Sunday (2014)as Himself - CEO, Fed Ex, Rock Center with Brian Williams (2012)as Himself, Your email address will not be published. Fred Smith came up with the idea of FedEx back in his college days, but no one paid heed to him. FedEx founder Fred Smith came up with the idea for the company for a term paper at Yale in 1965. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address! COO of H & H Services Group, LLC. Strand. Frederick Wallace Smith (born August 11, 1944) is an American business magnate and investor. 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. Several months after purchasing the site, Ross and his local partners, Billy and his son Benjamin Orgel, were introduced to then-FedEx Logistics President and CEO Richard Smith, and the idea for the new office was sparked. Fred Smith is a businessperson, entrepreneur, and former army officer who is known for being the founder, chairman, and CEO of the multinational delivery service company FedEx. 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. "From launching new capabilities for our customers to leading our global FedEx Express team during some of the most challenging times, including the COVID-19 pandemic, Don has been instrumental in creating and executing our remarkable global growth strategy," Subramaniam said in a statement. Mr Richard Smith joined the company in 2005 and worked his way up to the No. In addition, he makes $11,125,800 as Chairman of the Board and Chief Executive Officer at Fedex Corp. He also serves on the Strategic Management Committee of FedEx . Being born on 11 August 1944, Fred Smith is 78 years old as of todays date 1st March 2023. ", Get the free daily newsletter read by industry experts. Richard Smith is a businessman, editor and medical doctor by profession. Fred Smith Net Worth: Fred Smith is an American CEO and entrepreneur who has a net worth of $3.9 billion dollars. However, by 1976 the company recovered from losses, its delivery services were expanded, and Federal Express started to make a profit. [21] He was also awarded the 2008 Bower Award for Business Leadership from The Franklin Institute in Philadelphia, Pennsylvania. This documentary-style series follows investigative journalists as they uncover the truth. He then married Diane Smith, with whom he has many children. Scuba Certification; Private Scuba Lessons; Scuba Refresher for Certified Divers; Try Scuba Diving; Enriched Air Diver (Nitrox) Richard Smith, son of FedEx Corp. founder Fred Smith, bought a home in East Memphis last week for $4.8 million. Copyright 2023 Market Realist. On June 1, 2022, Smith stepped down as CEO to become executive chairman, and was replaced by Raj Subramaniam. FedEx Corp. said late Thursday that Richard W. Smith, the son of FedEx founder, Chairman and CEO Frederick W. Smith, will become president and CEO of FedEx Express, the company's air and international unit and what is still its core business. Located off of Sweetbrier Road in East Memphis, the 3.4-acre lot backs up to. The elder Smith gambled in Las Vegas to earn enough money to keep the company going. "Until people start traveling again on an intercontinental basis, we don't think that happens for the next 12 to 18 months because of the various levels of quarantine restrictions that are in all parts of the globe.". [22] He is the 2011 recipient of the Tony Jannus Award for distinguished contributions to commercial aviation. 1. We checked into Fred Smith's personal and business life to highlight this extraordinary CEO and found 10 interesting things that you probably didn't know about him, to share. He formerly worked with the US Marine Corps, where he observed their delivery and procurement procedures, and gained the knowledge that he used to offer global delivery services through FedEx. They got divorced in 1977. Smith did purchase a $4.8 million home in East Memphis in 2017, according to BizJournals. [16] In 1969, Frederick married Linda Black Grisham, but divorced in 1977. Upon matriculating from Memphis University School, he enrolled at Yale University in 1962, studying economics. Richard W. Smith became President and Chief Executive Officer of FedEx Express on September 1, 2022. Eventually, he expanded the company into buying and selling corporate jets, which became very successful, with the companys annual revenues being around $9 million, which boosted Smiths net worth. In one story told in a memoir by a former FedEx executive, Robert Frock, Mr. Smith took the company's last $5,000 to Vegas and brought back winnings of $27,000 money that allowed FedEx to . Smith joined FedEx in 2005. Commercial Appeal reported that his fiscal 2019 salary was $1.5 million. Richard W. Smith, the son of FedEx's founder, has worked in various roles within the company since 2005. Needless to say, there is no shortage of fame within Arthur Smith's family. Height/How Tall: Smith was born in 1944 outside Memphis, Tennessee, to Sally Smith and Frederic C. He lost his father, who was a self-made millionaire himself when he was four years old. There isn't any public information on Richard Smiths personal life or whether he is married. After graduation, Smith served in Vietnam with the Marines. U-Va. officials . . "It got really interesting as I got older and started to look like him," said Richard. He eventually grew out of the disease and learned how to pilot airplanes. While attending Yale, he wrote a paper for an economics class, outlining overnight delivery service, on which he received a C. Mr. Smith owns over 198,675 units of Fedex Corp stock worth over $2,479,438,200 and over the last 20 years he sold FDX stock worth over $0. Bloomberg Markets is focused on bringing you the most important global business and breaking markets news and information as it happens. Richard Smith has risen quickly through the ranks at FedEx. Fred has ten children including Arthur, Cannon, Molly, Windland Rice, and Richard. You have entered an incorrect email address! There are no reports that suggest he used to date anyone other than women. Being ranked as a Captain, Smith was honorably discharged in 1969, receiving numerous honors. Fuming: Shee previously noted that . | 11 a.m. Incoming CEO of FedEx Express Richard Smith Richard Smith is one of the two of Fred Smith's ten children who work for the company he founded. Structural Info Facts Filmography Known for movies Cast Away (2000) as Himself Fox News Sunday (2014) as Himself - CEO, Fed Ex Rock Center with Brian Williams (2012) as Himself Source IMDB Wikipedia Tags Tags On June 1, 2022, Smith stepped down as CEO to become executive chairman, and was replaced by Raj Subramaniam. [19] He was inducted into the SMEI Sales & Marketing Hall of Fame in 2000. All charges were later dismissed. The company is also electrifying its pickup and delivery fleet and approaching the 2024 expiration of its domestic airport-to-airport transportation contract with the Postal Service, FedEx Express'largest customer as of May 2021. The sources said Richard Smith was suspended for two years, Harrison K. Tigrett for one year and Bradley C. Kintz for one semester. In the same year, Franklin Institute of Philadelphia recognized his prowess with the Bower Award for Business Leadership. He also has a production company, called the Alcon Entertainment which is responsible for producing the film, Blade Runner 2049. [ 8 ] he received his bachelor 's degree in economics in 1966 Road in Memphis. Arthur is the Atlanta Falcons head coach pilot airplanes it made a lot of sense to me, quot. Replaced by Raj Subramaniam as his successor. [ 13 ] $ Billion! $ 11,125,800 as chairman of the Greater Memphis Chamber of Commerce down as CEO become... Smith & # x27 ; s son richard W. Smith, who was a professional photographer specializing in and! Other Entertainment companies, such as Alcon Entertainment which is responsible for producing the,... We know about Fred Smith has more than 30 years of experience in the same year, Franklin of! Logistics, freight, operations, procurement, regulation, technology, risk/resilience more! Years old as of todays date 1st March 2023 having been born on 11 August 1944 with... Philadelphia, Pennsylvania forgery by a federal grand jury his company FedEx, making it the worlds largest delivery company... Money to keep the company for a term paper at Yale in 1965 with a particular on... To date enrolled at Yale in 1965 as both his brothers went on to than 30 years experience... Have friendly relations with John Kerry ; the two shared an enthusiasm for aviation and flying. ( born August 11, 1944 ) is an American CEO and entrepreneur has.. 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By Raj Subramaniam married Diane Smith, the FedEx of the U.S. and Executive Vice President of near!
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