Business Facts

    Random Business Facts

    There are 75 Business Facts!

    Lenovo CEO Redistributed His $3M Bonus to 10,000 Employees. Twice.
    As a reward for record profits, the CEO of Lenovo, Yang Yuanqing, received a $3 million bonus, which he redistributed to about 10,000 of Lenovo's employees. He did the same again in 2013.
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    Every year, Louis Vuitton burn all their unsold bags. They burn them in order to prevent them from being priced lower.
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    Cow is a Japanese brand of shaving foam.
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    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.
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    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.
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    20% of tuxedo rentals take place in May.
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    Oil tycoon, John D. Rockefeller, was the world's first billionaire.
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    90% of all restaurants fail during their first year of operation.
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