Fledgling FedEx Saved by Las Vegas Blackjack

FedEx saved by Las Vegas blackjack

FedEx is pretty much a household name when it comes overnight delivery. With 140,000 employees all across the world, and revenues of $35 billion (R 367 billion) it’s almost inconceivable to think that the company, in its fledgling years, was considered an “unfeasible” concept and came very close to complete bankruptcy. What saved FedEx at a time when the company’s checking account was so low it couldn’t make its jet fuel payment? Las Vegas blackjack!

Roger Frock, one of the company’s founders, describes the instance in his book on the history of FedEx Changing How the World Does Business. Frock describes a low point in the company’s finances with poor package volume, mounting costs, and a fuel bill that threatened to ground the company forever. In an act of desperation, FedEx CEO Fred Smith cashed FedEx’s remaining $5,000 and flew to Vegas to hit the blackjack tables. Next Monday morning, the FedEx checking account was $27,000 up, enough to keep the company afloat at a critical time, until more stable sources of funding could be gathered. According to Frock, Smith only explained where he had gotten the money after the deed was done. On page 101 of his book, Frock writes:

I said, “You mean you took our last $5,000– how could you do that?” [Fred] shrugged his shoulders and said, “What difference does it make? Without the funds for the fuel companies, we couldn’t have flown anyway.”

242 Comments to “Fledgling FedEx Saved by Las Vegas Blackjack”

  1. delta 8 near me

    […]Here are a number of the web pages we suggest for our visitors[…]

  2. online consultants

    […]the time to study or pay a visit to the content material or sites we have linked to beneath the[…]

  3. lactanase 2x for

    […]very handful of internet sites that transpire to become detailed beneath, from our point of view are undoubtedly properly really worth checking out[…]

  4. buy firearms online

    […]Wonderful story, reckoned we could combine a few unrelated data, nonetheless genuinely really worth taking a search, whoa did a single study about Mid East has got far more problerms too […]

  5. where to buy cocaine online

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless genuinely really worth taking a look, whoa did one discover about Mid East has got much more problerms as well […]

  6. vidalista 2.60 mg price in india

    Fledgling FedEx Saved by Las Vegas Blackjack « Blackjack.co.za

  7. Stellar (XLM)

    […]we prefer to honor quite a few other net web pages on the net, even if they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  8. buy cialis otc

    Fledgling FedEx Saved by Las Vegas Blackjack « Blackjack.co.za

  9. Vidalista 40mg

    […]Here are several of the internet sites we recommend for our visitors[…]

  10. golden teacher mushrooms

    […]below you’ll find the link to some web pages that we assume you ought to visit[…]

  11. mossberg 500 tactical

    […]very handful of internet websites that transpire to become comprehensive below, from our point of view are undoubtedly properly really worth checking out[…]

  12. where to buy guns online

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nonetheless definitely worth taking a look, whoa did a single study about Mid East has got extra problerms too […]

  13. siamese kittens for sale near me

    […]usually posts some very interesting stuff like this. If you’re new to this site[…]

  14. Commercial Carpet Cleaning Services UK

    […]Here is a good Blog You might Obtain Interesting that we Encourage You[…]

  15. End Of Tenancy Cleaning Clapham

    […]that is the end of this report. Here you will find some sites that we feel you will enjoy, just click the links over[…]

  16. Guns for sale

    […]check below, are some totally unrelated internet websites to ours, nonetheless, they are most trustworthy sources that we use[…]

  17. SEO Services Madgascar

    […]Wonderful story, reckoned we could combine several unrelated data, nonetheless definitely really worth taking a search, whoa did one particular study about Mid East has got extra problerms too […]

  18. shipping containers for sale

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nevertheless really worth taking a look, whoa did one learn about Mid East has got additional problerms also […]

  19. one a day vidalista 40mg

    Fledgling FedEx Saved by Las Vegas Blackjack « Blackjack.co.za

  20. buy Instagram followers

    […]Here is an excellent Blog You might Find Interesting that we Encourage You[…]

  21. trump’s connection to hydroxychloroquine

    Fledgling FedEx Saved by Las Vegas Blackjack « Blackjack.co.za

  22. 2.5 mg cialis daily

    Fledgling FedEx Saved by Las Vegas Blackjack « Blackjack.co.za

  23. Buy lsd acid online

    […]that is the end of this post. Right here you’ll find some websites that we feel you will appreciate, just click the links over[…]

  24. Surgical Gloves

    […]Wonderful story, reckoned we could combine a number of unrelated information, nonetheless truly really worth taking a appear, whoa did one particular find out about Mid East has got more problerms too […]

  25. how much is a shipping container

    […]Every as soon as inside a although we pick blogs that we study. Listed below are the latest sites that we pick out […]

  26. cost of dapoxetine cvs

    Fledgling FedEx Saved by Las Vegas Blackjack « Blackjack.co.za

  27. online cbd shop

    […]we prefer to honor quite a few other online sites on the internet, even if they aren’t linked to us, by linking to them. Underneath are some webpages worth checking out[…]

  28. counterfeit money for sale

    […]Here is a superb Weblog You might Find Intriguing that we Encourage You[…]

  29. Blue Gloves says:

    Blue Gloves

    […]the time to read or stop by the material or internet sites we’ve linked to below the[…]

  30. peyote plant locations

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless actually worth taking a look, whoa did one understand about Mid East has got far more problerms at the same time […]

  31. scooters for sale

    […]Every the moment inside a although we pick blogs that we study. Listed beneath would be the most current web pages that we choose […]

  32. DEXEDRINE 20mg

    […]although web-sites we backlink to below are considerably not related to ours, we really feel they may be essentially worth a go through, so possess a look[…]

  33. buy adhd meds online uk

    […]Every after inside a though we opt for blogs that we study. Listed beneath are the latest web sites that we select […]

  34. crossdressers cams

    […]please pay a visit to the websites we stick to, including this 1, as it represents our picks through the web[…]

  35. aka ms says:

    aka ms

    […]we like to honor numerous other web sites on the web, even when they aren’t linked to us, by linking to them. Below are some webpages worth checking out[…]

  36. burnaby moving

    […]please take a look at the internet sites we follow, like this one, as it represents our picks through the web[…]

  37. SEO Canada says:

    SEO Canada

    […]very few internet websites that happen to be comprehensive beneath, from our point of view are undoubtedly well worth checking out[…]

  38. buy prednisone india

    Fledgling FedEx Saved by Las Vegas Blackjack « Blackjack.co.za

  39. vibrating underwear

    […]Wonderful story, reckoned we could combine some unrelated information, nevertheless definitely worth taking a look, whoa did 1 discover about Mid East has got extra problerms as well […]

  40. CLUB CANNA VAPE PEN

    […]we came across a cool web-site which you may well love. Take a look in the event you want[…]

  41. Lehitravel.com

    […]the time to study or visit the content material or web sites we’ve linked to below the[…]

  42. rwqz says:

    rwqz

    […]the time to read or check out the content material or internet sites we’ve linked to beneath the[…]