Random Business Facts

The first product that the toy company Mattel came out with was picture frames.

17

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

A full-time cashier at Costco makes about $49,000 annually. The average wage at Costco is nearly 20 dollars an hour and 89% of Costco employees are eligible for benefits.

13

In Australia, Burger King is called Hungry Jack's.

61

A man named Dmitry Argakov was sent a letter offering him a credit card but he didn’t like the terms. So he altered the contract to include unlimited credit at 0% interest which the bank accepted but then tried to void his card. He sued the bank for not sticking to terms of the credit contract and won.

48

Steve Jobs' secretary told him that she was late for work because her car wouldn't start. That very afternoon, Jobs came back and threw her a set of keys to a brand new Jaguar, saying: "Here, don’t be late anymore."

57

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.

97

Despite being one of the top 10 richest men in the world, Ingvar Kamprad (founder of IKEA) lives in a small home, eats at IKEA, and uses the bus.

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Random Business Facts

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