Why FedEx Bet Their Entire Company In A Casino

A video on YouTube. In Business & Money, a Krater category.

Summary by Krater

This video details the founding and turbulent early history of FedEx, from Frederick W. Smith's college paper concept to its near-bankruptcy and eventual massive success after the passage of the Airline Deregulation Act of 1978.

From the video

Answers: How did FedEx almost go bankrupt and survive?

FedEx founding history
Frederick W. Smith economics paper
1973 oil crisis and fuel cost surge
Airline Deregulation Act of 1978
Las Vegas blackjack gamble to save FedEx

What it concludes

Frederick W. Smith conceived the idea for overnight delivery in an economics term paper at Yale, receiving a C grade.
FedEx survived a near-bankruptcy in 1973 when Frederick Smith gambled the company's remaining $5,000 playing blackjack in Las Vegas, winning $27,000 to cover fuel bills.
The passage of the Airline Deregulation Act of 1978 allowed FedEx and other carriers to use larger planes and expand operations without weight restrictions.
FedEx grew from a struggling startup into the world's largest overnight shipping service and largest air freight company.

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