Business Facts

    Random Business Facts

    There are 75 Business Facts!

    A Kodak engineer constructed the first digital camera in 1975. They didn't want to go digital. They went bankrupt in 2012.
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    When Scott Paper Company first started manufacturing toilet paper they did not put their name on the product because of embarrassment.
    41
    Amazon sells more e-books than printed books.
    43
    McDonald's
    McDonald's
    Every day, 1% of the world's population is served at McDonald's.
    10
    Dmitry Argakov
    Dmitry Argakov
    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
    A man sued Bank of America for erroneously foreclosing on his home and won. When they didn’t pay the fees, he foreclosed their bank.
    12
    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
    Apple co-founder Ronald Wayne sold his 10% share in 1976 for $800. Today, it’s worth over $58 billion.
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