Louis Chevrolet, the founder of Chevrolet died bankrupt and poor working as a mechanic for the company he started.
Disney makes twice as much money from their theme parks than what they make from their actual movies.
The highest paid CEO in the U.S. was John Hammergren of McKesson Corp in 2011, in excess of $700 million. At a company annual meeting in 2013, an employee asked for wages increases and was fired 4 months later. In June 2014, he returned to the company’s annual meeting to ask that Hammergren’s $292 million severance package be redistributed to low-paid employees. The proposal was defeated by the shareholders.
In 1950, several store owners independently realized that they could draw big crowds by having a woman sleeping in a bed as a window display.
More than 40% of the Fortune 500 companies in 2010 were founded by an immigrant or the child of an immigrant.
Parents who are concerned about how their children’s names may affect them in life can now hire services to name their kids for them. Services have popped up all over the US and Europe, with one Swiss agency charging $29,000 to research and recommend your child’s name.
A company is attempting to create a community of tech workers aboard a cruise ship anchored 12 miles from the US sea border so that they don’t have to obey labor laws or get work visas.
Google sought out to make the most efficient teams by studying their employees. Named ‘Project Aristotle’ the research found Psychological Safety to be the most important factor in a successful team. That is an ability to take risk without fear of judgement from peers.
Texas Instruments has a near monopoly on the graphing calculator field, with over 90% of the sales. Due to this the base model specs and price have not changed in 10 years.
The last US-company mass-producing audio cassettes, founded in 1969, had their best year in 2015, selling about 10 million tapes.