Fred Smith facts
While investigating facts about Fred Smith, I found out little known, but curios details like:
Fred Smith, the founder of FedEx wrote an economics paper on the need for reliable overnight delivery in the information age, which the professor gave a 'C', that paper now sits on display at the FedEx world headquarters.
In the early days of FedEx, CEO Fred Smith took the company's last $5,000 to Las Vegas and won $27,000 gambling on blackjack to cover the company's $24,000 fuel bill.
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across. Here are 12 of the best facts about Fred Smith I managed to collect.
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The Buffalo Bills Wall of Fame includes Addie Abramoski, Joe DeLamielleure, Elbert Dubenion, Booker Edgerson, Joe Ferguson, Phil Hanen, Kent Hull, Robert James, Bob Kalsu, Jim Kelly, Jack Kemp, Marv Levy, Patrick J, McGroder, Bill Polian, Andre Reed, Jim Ritcher, George Saimes, Tom Sestak, Billy Shaw, O.J. Simpson, Fred Smerlas, Bruce Smith, Mike Stratton, Darryl Talley, Steve Tasker, Thurman Thomas, and Ralph Wilson.
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When Fedex was failing during its initial months of operations, its funds dwindled down to $5,000. Founder Fred Smith took all the funds to Vegas and brought back nearly sixfold, allowing him to bring the company back up.
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Fred Smith, the founder of FedEx, once gambled $5,000 on blackjack to save his company from bankruptcy
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FedEx's fouder, Fred Smith, gambled their last $5k in Vegas. He took his winnings, $32k, and saved his company!
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Fedex almost went out of business, so founder Fred Smith played blackjack with the company's last $5,000. He won, keeping the company alive. Had he lost, they would not have been able to pay their bills.
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When FedEx had $5000 in its bank, founder Fred Smith flew to Las Vegas. “I knew we needed money for Monday, so I took a plane to Las Vegas and won $27,000.”
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Fred Smith, FedEx Founder And CEO, Once Gambled $5,000 On Blackjack To Keep Company Alive
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Fred Smith, the CEO of FedEx saved the company by gambling..
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A year or two into its history, FedEx nearly folded: it had a $24,000 jet fuel bill to pay and only $5,000 in the bank. So founder Fred Smith went to Vegas with the $5,000, won $27,000 on top of it, and paid the bill with that.
