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Fred Smith: how one casino night kept FedEx alive

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Fred Smith: how one casino night kept FedEx alive

In 1973, FedEx was teetering on the edge of collapse. The company had just $5,000 left in its account - nowhere near enough to buy the fuel needed to keep its delivery planes in the air. Founder Fred Smith faced a desperate choice. Instead of shutting down operations, he took an unusual gamble—literally. Smith flew to Las Vegas, walked into a ...

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