- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
0
Posted on 2/17/17 at 2:13 pm to The Mick
So if he were in dire straits with 5k, how did he keep it afloat with just 27k?
This post was edited on 2/17/17 at 2:14 pm
Posted on 2/17/17 at 2:17 pm to Breesus
quote:
He also failed business school with that idea
This is somewhat of a myth. I graduated from the same high school as Fred Smith, and he spoke a few times in chapel. He had the idea for what became FedEx in a term paper and the professor judged it harshly, he said he couldn't remember what grade he got but it was probably a C
Posted on 2/17/17 at 2:32 pm to LSUsmartass
quote:
if he were in dire straits with 5k, how did he keep it afloat with just 27k?
Read the article. It says it was motivational and sparked another 11 million in investments
Posted on 2/17/17 at 2:33 pm to ksayetiger
Random Fact. Fred's office is a fake office front of a made up company in a random office park. Or so I've heard.
Posted on 2/17/17 at 2:40 pm to Cosmo
quote:
ou think Memphis is a shithole now? Imagine Memphis without Fedex. It is the one company keeping it from becoming Jackson MS
Surprise, surprise. You have absolutely no idea what you're talking about.
Memphis is home to 7 fortune 500 companies.
Baton Rouge has 1
New Orleans has 1
Posted on 2/17/17 at 2:41 pm to The Mick
Everyone will say he has balls and thats why hes a success and all that. Complete bullshite. Guy is as lucky as they come. I wonder how many people have done the same shite to try to keep their business afloat and lost it all. 
Posted on 2/17/17 at 2:46 pm to Cosmo
quote:
Imagine Memphis without Fedex. It is the one company keeping it from becoming Jackson MS
Memphis has 3x the Fortune 500 corporations as the state of Louisiana does total. I'm sure you haven't examined either Memphis or Jackson MS in some time if you're not trolling.
Posted on 2/17/17 at 2:47 pm to The Mick
quote:
Smith impulsively flew to Las Vegas and played blackjack with the last of the company money.
Posted on 2/17/17 at 2:57 pm to The Mick
quote:
Smith asked his disappointed investors for more money to keep the company afloat, but they refused. Bankruptcy was a distinct possibility. Then fate stepped in. While waiting for a flight home to Memphis from Chicago after being turned down for capital by General Dynamics, Smith impulsively hopped a flight to Las Vegas, where he won $27,000 playing blackjack. "The $27,000 wasn't decisive, but it was an omen that things would get better," Smith says. And indeed they did. Returning to his quest for funds, he raised another $11 million.
Posted on 2/17/17 at 2:58 pm to Breesus
Was it an F or a D? I have forgotten the story now.
Posted on 2/17/17 at 2:59 pm to LSUsmartass
A family member of mine has worked at FedEx for almost 30 years. Some of the stories he has heard was that Fred was paying for fuel with credit cards, sold his Rolex, and was even asking pilots to put jet fuel purchases on their credit cards. He was also paying these pilots for a time in FedEx stock since he didn't have enough money to meet payroll. Another story is that some of the pilots were having to avoid repo men. Crazy stuff.
Those pilots were eventually handsomely rewarded.
Those pilots were eventually handsomely rewarded.
Posted on 2/17/17 at 3:02 pm to Muice
quote:
Random Fact. Fred's office is a fake office front of a made up company in a random office park. Or so I've heard.
Pretty true. His main office isn't at Fed Ex HQ. Its in a nondescript office building a quarter mile from his house. No company logos or signage displaying it as FedEx. Heavy hitters, politicians and diplomats go through there all the time I'm sure, so they keep it very low key
Fed Ex employees in the beginning were told by Fred not to cash their pay checks, and to trust him while he figured things out. Major gambles all around.
This post was edited on 2/17/17 at 3:08 pm
Posted on 2/17/17 at 3:03 pm to Rappin4Tay
Then we'd never would have had movie cast away
Posted on 2/17/17 at 3:03 pm to thompy
quote:
Pretty true. His main office isn't at Fed Ex HQ. Its in a nondescript office building a quarter mile from his house. No company logos or signage displaying it as FedEx. Heavy hitters, politicians and diplomats go through there all the time I'm sure, so they keep it very low key
The Darth Vader building
Posted on 2/17/17 at 3:04 pm to thompy
That makes more sense. My sister (no pics) seems to have overly embellished it. Pretty boss though.
Posted on 2/17/17 at 3:06 pm to The Mick
Moral of the story when broke gamble your last 5k
Posted on 2/17/17 at 3:14 pm to The Mick
quote:
founded the company with $4 million of inheritance
Did not know this part
He had more money than most could ever acquire before he ever began the company.
Posted on 2/17/17 at 3:38 pm to bbvdd
quote:
Memphis is home to 7 fortune 500 companies
By 7 i guess you mean 3
Fedex
Intl Paper
Autozone
Posted on 2/17/17 at 4:10 pm to Cosmo
NOLA got that private earl money.
Page 2 of 3
Back to top
Follow TigerDroppings for LSU Football News