FedEx’s Las Vegas Gamble Saved It

FedEx was hemorrhaging thirty thousand dollars every single day in 1973. They had five thousand

bucks left in the bank and a twenty four thousand dollar fuel bill due Monday morning.

Three hundred eighty nine people were about to lose everything. The founder flew to Las Vegas with

the company's last five grand and hit the blackjack tables. He won twenty seven thousand dollars

that weekend. Monday morning, FedEx paid their fuel bill and kept flying.

That gamble saved the company. Today, FedEx is worth eighty eight billion dollars

and employs over half a million people worldwide. Sometimes the craziest move is the only

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