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How a Weekend in Vegas Saved FedEx from Bankruptcy

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Fuente: PokerTube - View all news from this site
How a Weekend in Vegas Saved FedEx from Bankruptcy How a Weekend in Vegas Saved FedEx from Bankruptcy

How a Weekend in Vegas Saved FedEx from Bankruptcy




The myths and fairytales associated with Las Vegas are perhaps surpassed only by those stories that really happened

The myths and fairytales associated with Las Vegas are perhaps surpassed only by those stories that really happened in the City of Lights ? and often the two are indistinguishable, as the following incredible FedEx blackjack legend shows?The $60billion-valued Fortune500 company that ?delivers globally? but has its headquarters based in Memphis, Tennessee, may not seem like the basis for a remarkable Vegas gambling tale.
Back in its earliest days, however, founder Frederick Smith had run through the $millions that had originally set Federal Express up with an 8-plane, 35-city delivery route.Down to just $5000, loan applications being rejected and with no way to meet the next week?s fuel bills let alone wages, legend has it that Smith decided that the bright lights of Vegas was his only option.The story that has been related ever since was recalled by Smith?s founding executive Robert Frock in his book, ?Changing How the World Does Business: Fedex's Incredible Journey to Success - The Inside Story.??I asked Fred where the funds had come from, and he responded, ?The meeting with the General Dynamics board was a bust and I knew we needed money for Monday, so I took a plane to Las Vegas and won $27,000.? I said, ?You mean you took our last $5,000-- how could you do that"?
He shrugged his shoulders and said, ?What difference does it make" Without the funds ...
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How a Weekend in Vegas Saved FedEx from Bankruptcy How a Weekend in Vegas Saved FedEx from Bankruptcy

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News source: PokerTube
Publication date: 31-07-2020 16:12
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