FedEx: Saved by Blackjack


 Everybody knows about FedEx. Founded in 1971 as Federal Express Corporation by Frederick W. Smith, FedEx is the first overnight courier, operating in more than 200 countries and handling more than a billion packages annually. Three years after its launch, the company was left with nothing more than $5000 in the bank account, and the inability to pay the fuel expenses of planes.


And Frederick Smith did something that no one would’ve even thought about. He flew to Las Vegas with the last five thousand of the company funds. This was much of a surprise to everyone in the FedEx! Roger Frock, a vice president of operations back then, wrote the book ‘Changing How the World Does Business: FedEx’s Incredible Journey to Success’, in which he reports his and Smith’s reactions:


This was not the final solution to the problem, yet it gave Smith the time to find investors and to bring FedEx back on its feet. He raised $11,000,000 and by 1976 FedEx had a profit of 3 and a half million dollars. For 2018, the company has a revenue of $65.450 billion. That’s what we call luck!

Comments

Post a Comment

Popular posts from this blog

The Dinka Jester RR

Image
  Both of these vehicles are available at Legendary Motorsport . Some GTA Online players might prefer a faster vehicle , so here's a comparison guide between the ZR350 and the Jester RR . GTA Online players can buy the ZR350 for $1,615,000. The trade price is much cheaper at only $1,211,250. Players can unlock these trade prices by leveling up their Car Meet Reputation . According to Broughy1322, the ZR350 has a top speed of 117.50 miles per hour . It takes inspiration from the real life Mazda RX-7, specifically the 1992-2002 versions. Players may remember this vehicle from GTA San Andreas. Like most cars in its class, the ZR350 offers good top speed and acceleration. Unfortunately, it suffers from really poor traction issues, especially off the road
Read more

Lampadati Cinquemila

Image
  The Lampadati Cinquemila is the fastest sedan in GTA Online : The Contract. It has decent all-around performance, with exceptional acceleration that brings it up to par with the supercars on this list. Based on Aston Martin Victor, The Champion has a unique look and is a one-of-a-kind custom vehicle . It is slightly inferior to the Ignus in terms of performance but has the same top speed. The Champion is also a bit more expensive, and hence, it loses out to the Ignus in terms of price-to-performance ratio. It can, however, be modified with Imani tech modifications that aren't available on the Ignus.
Read more

The 8-year-old boy who --allegedly-- won $500,000 in an Online Poker Room

Image
  In 2010, it was reported in a myriad of casino websites and blogs that Aashish Nanak, an eight year-old boy from Chandigrah, India, won half of a million dollars (22,912,500.38 Indian Rupees) in an online Poker tournament. Allegedly, the eight year old boy is a computer genius who was first introduced to computers at the age of three. He started building webpages at four and by the age of six he was already interested in online poker. When he won half of a million dollars, Aashish was using his uncle's account. Even in the history of  Canadian online poker real money , there hasn't been such an unusual and cinematographic precedent in the gambling industry before. “He has always loved the internet and computers, he started his own web pages when he was only four years old, he is a very clever boy,” said Aashish's mother. According to the information, the poker room ended up refusing to pay out the winnings considering the age of the boy. The Nanak family says the poker we
Read more