Business Facts

    Random Business Facts

    There are 75 Business Facts!

    There is no tipping at restaurants in Japan.
    93
    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
    90% of all restaurants fail during their first year of operation.
    48
    In Australia, Burger King is called Hungry Jack's.
    61
    Colgate's first toothpaste came in a jar.
    172
    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
    Starbucks uses round tables to make solo coffee drinkers feel less alone.
    11
    At YouTube Headquarters, employees can either take the elevator, stairs or slide.
    13