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"GAMBLING with the Last 5000 dollars" Bankruptcy to Billions #3 FedEx Turnaround from Bankruptcy FedEx was founded in 1971 by Frederick W. Smith.Smith's concept was to create an integrated air-to-ground system specifically designed for overnight de

As thrilling as this story is, it’s important to note that gambling with company money is incredibly risky and not a strategy to emulate. Frederick W. Smith got lucky, but many others could lose everything with such a move.