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Marcusclark66
Marcusclark66
Joined: Mar 26, 2020
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December 10th, 2021 at 4:51:12 PM permalink
Yeah, many probably heard about how Fred Smith saved his FedEx company by gambling blackjack in Vegas to pay his jet fuel bill, but thought to post this.

From Fox Business News:

https://www.foxbusiness.com/money/fred-smith-fedex-blackjack-winning-formula

From Wiki about Fred Smith:

Business career

In 1970, Smith purchased the controlling interest in an aircraft maintenance company, Ark Aviation Sales,[4] and by 1971 turned its focus to trading used jets. On June 18, 1971, Smith founded Federal Express with his $4 million inheritance (approximately $23 million in 2013 dollars [12]) and raised $91 million (approximately $525 million in 2013 dollars)[12] in venture capital. In 1973, the company began offering service to 25 cities, and it began with small packages and documents and a fleet of 14 Falcon 20 (DA-20) jets. His focus was on developing an integrated air-ground system. Smith developed FedEx on the business idea of a shipment version of a bank clearing house where one bank clearing house was located in the middle of the representative banks and all their representatives would be sent to the central location to exchange materials.[4]

In the early days of FedEx, Smith had to go to great lengths to keep the company afloat. In one instance, after a crucial business loan was denied, he 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. It kept FedEx alive for one more week.[13]
Marcus Clark. Real Person; AKA MarcusClark66. *Professional Casino Security Expert. *Certified EMT *Certified Company Firearms Instructor. *Certified Gaming Regulations Interpreter for Corporate Applications. *Domestic UrbanTactical Combat Casualty Expert. *Tic-Tac-Toe Expert (Real Competitive Versions) & Mastering Chess. *Honorary & Official #1 Fan of the MDawg Adventures Club. *Mastering Cracking it. Bit-by-Bit, Piece-by-Piece Crediting Forum Members. *Certified Casino Property Entry & Exit Point Analyzer *Baccarat Winning Session Record: 12 out of 12 & 1 out of 1 Mini Session. Baccarat Losing Session Record: 2 Losing Sessions.

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