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The Gamble That Saved FedEx!
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In the 1970s, FedEx faced near bankruptcy, with rising fuel costs and massive debt pushing the company to the brink. Founder Frederick W. Smith made a desperate decision—he flew to Las Vegas and bet the company’s last $5,000 at the blackjack table. In an unexpected twist, he turned that $5,000 into $27,000, buying FedEx the time it needed to survive. This bold gamble became the turning point that allowed the company to recover and rise into the global giant we know today.
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