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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

This story always amazes me. It’s insane how a gamble like that paid off. Smith’s desperation and guts essentially saved FedEx. Today, such a move would probably be condemned by investors and regulators, but it’s part of what makes entrepreneurial st