💰 Frederick W. Smith - Wikipedia

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Business Insider logo The words "Business Insider". But in the first two years, primarily due to rising fuel costs, the company found itself millions of dollars in debt and on the brink of bankruptcy. It often indicates a user profile. The company had already gone to many extremes, from pilots using their personal credit cards to fuel planes to uncashed paychecks. Even worse, Smith's vital pitch for funding to the General Dynamics board was rejected. Without the funds for the fuel companies, we couldn't have flown anyway. Maggie Zhang.{/INSERTKEYS}{/PARAGRAPH} Account icon An icon in the shape of a person's head and shoulders. While majoring in economics at Yale University in , Smith wrote a paper about the automation of society and the transportation of goods. A few years later, it went public and has been thriving ever since. Yet, in its early days, founder Frederick Smith was so desperate, he had to rely on gambling in Vegas to fund his company. A leading-edge research firm focused on digital transformation. After stabilizing financially, Smith helped launch a direct mail advertising campaign to boost the company's visibility. It indicates a way to close an interaction, or dismiss a notification. Interestingly, FedEx isn't the only company partially funded by blackjack winnings. Login Subscribe Subscribe. So what's a desperate founder to do? Close icon Two crossed lines that form an 'X'. World globe An icon of the world globe, indicating different international options. {PARAGRAPH}{INSERTKEYS}Subscriber Account active since. When asked about the results, he admits, "I don't know what grade, probably made my usual C. Smith wrote the paper at the last minute, just before it was due.