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.
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.