Business Facts

    Random Business Facts

    There are 75 Business Facts!

    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.
    16
    Nokia was once famous as a manufacturer of toilet paper.
    18
    Free Russian Coffee Houses
    Free Russian Coffee Houses
    There are coffee houses in Russia where food and drink are free, but you pay for time.
    39
    Steve Jobs' annual salary was $1, just enough to keep company health benefits.
    74
    Instead of McDonald's tearing down a ~200-year-old Georgian mansion, citizens of a small NY town forced them to renovate it instead, resulting in a uniquely historic franchise location.
    8
    The retail price for the iPad would be $1,140 if it were built by American workers instead of Chinese.
    100
    The co-founder and CEO of SnapChat, 23-year-old Evan Spiegel, turned down an offer of $3 billion from Facebook and then a $4 billion bid from Google.
    8
    Every year, Louis Vuitton burn all their unsold bags. They burn them in order to prevent them from being priced lower.
    7