Business Facts

    Random Business Facts

    There are 75 Business Facts!

    Dmitry Argakov
    Dmitry Argakov
    A man named Dmitry Argakov was sent a letter offering him a credit card but he didn’t like the terms. So he altered the contract to include unlimited credit at 0% interest which the bank accepted but then tried to void his card. He sued the bank for not sticking to terms of the credit contract and won.
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    The first owner of the Marlboro Company died of lung cancer.
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    It has been scientifically proven that praise rather than criticism is the best way to help employees improve.
    10
    A Kodak engineer constructed the first digital camera in 1975. They didn't want to go digital. They went bankrupt in 2012.
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    CEO takes over company worth $9m, fires management, gives power to employees, and now makes over $200m
    Ricardo Semler, a CEO in his twenties, took over a company worth $9m, fired most of the management, and gave the power to the employees. It now has a turnover of over $200m.
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    In 2004, The Japanese Ice Cream Association promoted "raw horse flesh" ice cream in hopes that it would boost the popularity of ice cream!
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    Harrods have three private wells to supply their water!
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    Bill Gates could give away 98% of his wealth and still be a billionaire.
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