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
    There's a café in France which charges €7 for a coffee to rude customers and €1.40 to people who talk politely to staff.
    17
    Amazon sells more e-books than printed books.
    43
    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
    In 1907, Kellogg’s launched a campaign called "Wink Day" to promote Cornflakes. Women were encouraged to “wink at your grocer and see what you get” (and what they got was a free box of cereal!)
    -2
    The average company saves over $7,000 for each employee suggestion that is enacted!
    41
    Nokia was once famous as a manufacturer of toilet paper.
    17
    There is no tipping at restaurants in Japan.
    93