CEO's do take a big risk on their business but taking risk on playing a gambling with the stake of your company is pretty hardcore in my own opinion. Imagine that the all hardworking days you offer to your company would go down into one night session of playing gambling. I just hope that FedEx won't be on that kind of state again, It would be a hard decision for the CEO on what will he do especially that FedEx is a big company now. Will he resort into playing gambling again for the second time incase his company go into the same situation again?
I do not think that the FEDEX CEO is gambling with the stake of his company. What he gambled is his own money and luckily he won. He didn't sell any share of the company and gambled. The CEO probably just wanted to take a breather after an intoxicating event on the company. And he get what he wanted, with bonuses .. additional cash and new motivation to solve the problem of his company.
at least you give time reading the OP? if not then I will share this part for you to understand how and what does it mean.
1. The Founder Of FedEx Saved The Company By Gambling In Vegas. Here's an inspiring story for aspiring gamblers and small business owners: the founder of FedEx saved his floundering company by gambling in Vegas, earning $27,000 in blackjack!
The company only had $5,000 in its coffers when Frederick Smith decided to fly to Vegas in 1973 and risk it all. Though this isn't good investment or business advice in general, Smith's gamble paid off, allowing the company to last long enough to raise $11 million and eventually earn its first profits in 1976.
Look at that, the company's money in the coffers in which the only fund that company has back then , so its clear that it was the company's fund in which he tries and risk to gamble.
Well, to tell the truth, what this being did was from another world, and the truth is that it is to have them well placed, I wonder now, what will happen to current businessmen if they find themselves in trouble?
That is really what will be a game changer , if they did not manage to even double the money and the worst scenario is if they lose all that money , Fedex would be dead by then.
I think that now it is much more focused on camaraderie and they should help each other, right?
agree totally , no doubt about that.
because really risking everything in a casino is something very crazy, well I see it that way, maybe there are people who consider this relevant to what they were going through, but something must be clear, that with those $5k they were not going to raise absolutely nothing, a company of this caliber is currently still one of the world leaders, good for that being who did that!
Well that craziness brings them to success , so it means both the team and company benefits from this crazy action