FedEx founder saved company from bankruptcy with blackjack winnings (2014)

6 cebert 1 7/6/2025, 10:52:38 PM businessinsider.com ↗

Comments (1)

treetalker · 40m ago
> Smith wrote the paper at the last minute, just before it was due. When asked about the results, he admits, "I don't know what grade, probably made my usual C." Yet, this paper became the backbone of FedEx.

> In 1971, Smith founded the company with $4 million of inheritance and $80 million in loans and equity investments.

Kids nowadays don't appreciate the value of hard work.