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Why FedEx Bet Their Entire Company In A Casino Bar 2 дня назад



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Why FedEx Bet Their Entire Company In A Casino Bar

Why FedEx Bet Their Entire Company In A Casino Bar FedEx, now one of the world's biggest logistics companies, was once on the verge of bankruptcy. In the early 1970s, founder Fred Smith faced a crisis—his company had only $5,000 left and couldn’t cover fuel costs. Desperate, Smith took a bold and risky gamble. Instead of shutting down, he flew to Las Vegas, took the remaining company funds, and played blackjack. Incredibly, he turned $5,000 into $27,000—just enough to keep FedEx running for a few more days. This daring move bought the company time to secure further investment, ultimately leading to its massive success. Smith’s high-stakes gamble at a casino bar saved FedEx from collapse and became one of the most legendary business survival stories in history.

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