Business Facts

    Random Business Facts

    There are 75 Business Facts!

    Nearly 22,000 checks will be deducted from the wrong account over the next hour.
    53
    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.
    15
    The first product that the toy company Mattel came out with was picture frames.
    17
    Colgate's first toothpaste came in a jar.
    172
    The creator of the NIKE Swoosh symbol was paid only $35 for the design.
    114
    John Mackey (Whole Foods CEO)
    John Mackey (Whole Foods CEO)
    In 2006, the CEO of Whole Foods reduced his salary to $1 a year, donated his entire portfolio to charity, and set up a $100,000 fund for staff facing personal problems.
    47
    The founder of McDonald's has a Bachelor degree in Hamburgerology.
    158
    When Scott Paper Company first started manufacturing toilet paper they did not put their name on the product because of embarrassment.
    41