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.”

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

  1. mobile repair shop

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

  2. porn says:

    porn

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

  3. Russian sks for sale

    […]Sites of interest we’ve a link to[…]

  4. mobile homes for rent in sanford florida

    […]always a significant fan of linking to bloggers that I appreciate but do not get a whole lot of link really like from[…]

  5. anal training kit

    […]Sites of interest we have a link to[…]

  6. best sex toys for women

    […]one of our visitors recently recommended the following website[…]

  7. best realistic dildos

    […]Here is a good Blog You might Discover Exciting that we Encourage You[…]

  8. in canada says:

    in canada

    […]one of our visitors just lately advised the following website[…]

  9. male masturbator

    […]Sites of interest we have a link to[…]

  10. Springfield Armory 911 for sale

    […]Every after inside a whilst we choose blogs that we read. Listed beneath would be the most recent web-sites that we select […]

  11. free african american dating sites

  12. free military dating sites in usa

  13. virtual card buy instantly

    […]we came across a cool website that you just could possibly delight in. Take a search when you want[…]

  14. Glock 43x for sale

    […]we came across a cool web page that you just may possibly appreciate. Take a look if you want[…]

  15. anadolu yakasi escort

    […]Every the moment inside a when we pick out blogs that we read. Listed beneath are the most up-to-date websites that we pick […]

  16. maltepe turk escort

    […]although web sites we backlink to below are considerably not associated to ours, we really feel they may be actually really worth a go through, so have a look[…]

  17. sig sauer p320

    […]Here is a superb Blog You might Find Fascinating that we Encourage You[…]

  18. canadian pharmacy

    […]usually posts some extremely fascinating stuff like this. If you are new to this site[…]

  19. dental plans ontario

    […]always a significant fan of linking to bloggers that I love but really don’t get a good deal of link love from[…]

  20. slot online says:

    slot online

    […]please stop by the web pages we comply with, like this one particular, as it represents our picks through the web[…]

  21. best delta 8 gummies

    […]here are some links to internet sites that we link to due to the fact we think they are worth visiting[…]

  22. cell phone repair mission viejo

    […]Sites of interest we’ve a link to[…]

  23. electricmotorcyclescanada.com

    […]please stop by the web pages we stick to, such as this one, because it represents our picks from the web[…]

  24. best thrusting vibrator

    […]that could be the finish of this write-up. Right here you will come across some websites that we consider you’ll value, just click the links over[…]

  25. misconceptions about sex

    […]that may be the end of this post. Here you’ll uncover some sites that we consider you will appreciate, just click the hyperlinks over[…]

  26. anal sex toys

    […]one of our guests recently suggested the following website[…]

  27. buy kratom says:

    buy kratom

    […]the time to study or pay a visit to the material or web-sites we’ve linked to beneath the[…]

  28. thrusting vibe

    […]Here is a good Weblog You may Obtain Exciting that we Encourage You[…]

  29. Hair salon near me

    […]check below, are some completely unrelated internet websites to ours, on the other hand, they are most trustworthy sources that we use[…]

  30. Weed for Sale

    […]just beneath, are a lot of completely not connected web-sites to ours, however, they may be certainly worth going over[…]

  31. strap on dildo kit

    […]The facts mentioned inside the write-up are a number of the top offered […]

  32. smash or pass

    […]one of our guests not long ago suggested the following website[…]

  33. male prostate toy

    […]the time to study or check out the content or web pages we have linked to beneath the[…]

  34. g spot stimulator

    […]that could be the end of this post. Here you will uncover some web-sites that we think you will value, just click the links over[…]

  35. cruis’n blast arcade

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

  36. silicone g spot vibrator

    […]we came across a cool internet site that you simply may well appreciate. Take a search should you want[…]

  37. fresh pork belly for sale

    […]Every when inside a whilst we choose blogs that we read. Listed below are the most recent sites that we pick out […]

  38. GOLDEN RETRIEVER PUPPIES FOR SALE

    […]below you will come across the link to some web pages that we believe you must visit[…]

  39. Dank Cartridges

    […]always a huge fan of linking to bloggers that I like but do not get a lot of link appreciate from[…]

  40. Guns for Sale Near Me

    […]always a major fan of linking to bloggers that I appreciate but really don’t get quite a bit of link appreciate from[…]

  41. PARROTS FOR SALE

    […]Sites of interest we have a link to[…]

  42. software review

    […]we prefer to honor quite a few other world wide web websites on the net, even though they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  43. Vani Eportal Login

    […]the time to study or stop by the material or web sites we have linked to below the[…]

  44. ATTA CHAKKI says:

    ATTA CHAKKI

    […]please stop by the web pages we follow, which includes this one, as it represents our picks through the web[…]

  45. timothee chalamet dating

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

  46. eharmony dating

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