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ВИШНЕВСКАЯ ВИКТОРИЯ ЮРЬЕВНА ©

to have a job
a high/low paying job
a menial job
in a job interview
to get a job
to accept a job offer
to quit
a current job
a severance pay
a full/part-time job
a salary
to be laid off
to send
to run this/it by somebody
a cover letter
a CV/resume
to have a steady source of
income
Exercise 105. Read and discuss the story.
THE FOUNDER OF FEDEX ONCE SAVED THE COMPANY BY
TAKING ITS LAST $5,000 AND TURNING IT INTO $32,000 BY
GAMBLING IN VEGAS
The man is Frederick W. Smith who is the founder and current CEO of
FedEx. In 1971, Smith took his personal fortune of around $4 million and
raised around an additional $90 million to found a delivery company structured
such that it could potentially deliver packages overnight to anywhere in the
world. This is something that, at that time, had never been done. Smith had
first outlined how such a company would operate in a 1962 paper he wrote
while at Yale University. The paper was written for an economics class and
was specifically on an “overnight delivery service in a computer information
age”.
Unfortunately, three years after the company began, thanks largely to rapidly
rising fuel costs, Federal Express was on the verge of bankruptcy, losing over
$1 million a month, with no one willing to give them any additional loans nor
any investors interested in contributing capital.
At its low point, all the company had was $5000 to its name, which wasn’t
enough to continue operating as their planes needed fuel and that wouldn’t
cover it. Smith made a final pitch to General Dynamics for more funding, but

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