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re: Owner of FedEx gambled company's last 5k to keep doors open (1971)...
Posted on 2/17/17 at 4:14 pm to jchamil
Posted on 2/17/17 at 4:14 pm to jchamil
He got a C on his paper that outlined Fed-Ex's business plan.
His professor said it was foolish plan because nobody could really compete with the Gov't ran US Post Office.
His professor said it was foolish plan because nobody could really compete with the Gov't ran US Post Office.
0
Posted on 2/17/17 at 5:09 pm to The Mick
4 million inheritance in 1971... I'm sure he was really scrapping by then .
Posted on 2/17/17 at 5:42 pm to The Mick
quote:
In 1971, Fred Smith founded the company with $4 million of inheritance
That's a huge inheritance in 1971. He came from some money. Surprised he didn't have connections for $22,000.
This post was edited on 2/17/17 at 5:43 pm
Posted on 2/17/17 at 5:48 pm to Breesus
quote:
He also failed business school with that idea.
Going to Vegas and playing blackjack to keep the company afloat?
Can't say I'm surprised.
Posted on 2/17/17 at 5:50 pm to Walking the Earth
(He didn't fail business school.)
Posted on 2/17/17 at 6:05 pm to Mr. Hangover
quote:
these types of stories seem too fabricated to me, I'm sure some details were exaggerated to make it seem more 'hollywood'
The Hollywood treatment is for him to have lost all his money, only to be bailed out by a billionaire who pays him $1 million to bang his hot wife.
Posted on 2/17/17 at 7:11 pm to Spock's Eyebrow
If only it was in Little Rock as it was originally going to be.
Posted on 2/17/17 at 11:13 pm to Cosmo
Nm
This post was edited on 2/17/17 at 11:17 pm
Posted on 2/18/17 at 12:51 am to bbvdd
Servicemaster has about $4B in annual sales last I checked.
Definitely aren't 7 though in Memphis.
Definitely aren't 7 though in Memphis.
Posted on 2/18/17 at 12:54 am to The Mick
A lot of the early FedEx employees are loaded today. Many massive houses were built in Memphis, Germantown, and Collierville on FedEx money.
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