Thursday, June 22, 2017

FedEx Saved From Bankruptcy With Blackjack Winnings - Business Insider

How I missed this for all these years is beyond me, but it fits my classes PERFECTLY!! When you have nothing to lose, you might as well take big risks!  See Galai and Masulis as well as very hail of Mary Pass ever,



FedEx Saved From Bankruptcy With Blackjack Winnings - Business Insider: "When FedEx's funds dwindled to just $5,000, Smith realized he didn't have enough to fuel the planes. The company had already gone to many extremes, from pilots using their personal credit cards to fuel planes to uncashed paychecks. So what's a desperate founder to do? Smith impulsively flew to Las Vegas and played blackjack with the last of the company money. Amazingly, when he came back the next week, he had turned the remaining $5,000 into $27,000 — just enough for the company to stay in operation for another week."


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