Business Facts

    Random Business Facts

    There are 75 Business Facts!

    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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    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.
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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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    Blockbuster laughed at a Netflix partnership proposal in 2000.
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    As of 2014, Apple has enough money to buy Facebook, or Netflix, Tesla, Twitter, Dropbox, Pandora, and Spotify combined - with $59 billion to spare!
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    The creator of the NIKE Swoosh symbol was paid only $35 for the design.
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    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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    Over 4.6 million Whopper sandwiches are sold at Burger King every day!
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