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.
    15
    Tim's Place
    Tim's Place
    There's a restaurant in Albuquerque called Tim's Place that serves breakfast, lunch, and hugs - and it's owned by a man with Down's Syndrome.
    96
    7-11 sells 10,000 pots of coffee an hour, every hour, every day.
    27
    The first product that Sony came out with was the rice cooker.
    75
    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
    Cow is a Japanese brand of shaving foam.
    -11
    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.
    7
    The retail price for the iPad would be $1,140 if it were built by American workers instead of Chinese.
    100