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merlyn (47)

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Journal of merlyn (47)

Sunday September 25, 2005
04:57 PM

sometimes, gambling pays off

[ #26881 ]
According to The Wikipedia on Federal Express,

[FedEx] almost went bankrupt in its first year, but to make it through the christmas, Fred Smith convinced his employees to work at 70% of their wage. He then took all of his money to Vegas and made enough at the tables to weather a few more months until business picked up.

Now, that's risk-on-risk. Wow. Kahunas on that guy.

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  • If he was that good at making money at casinos, why didn't he just give up FedEx and become a full-time gambler?