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
    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.
    22
    Dead Google's Employees' Families Receive Fantastic Package
    If an employee of Google dies, their spouse will receive half their pay for 10 years as well as stock benefits, and any children will receive $1000 a month until they turn 19.
    73
    In March, 2014, Colorado sold $19 million dollars worth of Cannabis. $1.9 million went to schools and crime fell by 10%.
    6
    A Kodak engineer constructed the first digital camera in 1975. They didn't want to go digital. They went bankrupt in 2012.
    9
    There is no tipping at restaurants in Japan.
    93
    It has been scientifically proven that praise rather than criticism is the best way to help employees improve.
    10
    Colgate's first toothpaste came in a jar.
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