IKEA is legally a “nonprofit” organization — a designation which dramatically reduces its tax burden — despite reported global sales of €26bn (≈$28B) annually.
Every receipt at every store in Taiwan is a ticket for a government lottery with top prizes worth over 300,000 USD. It was introduced in 1951 to combat sales tax dodging by businesses.
In ’03, Mitsubishi offered a “0-0-0” deal in the US which offered a new car for 0 down, 0% interest and 0 payments for a year. Many buyers defaulted after the year leaving Mitsubishi with used vehicles for which they’d received no money and which were now worth less than they cost to manufacture.
An Italian schoolboy who was selling snacks on campus at a lower price than the cafeteria was suspended for 10 days. He also received a prestigious scholarship from an institute that said the boy’s initiative should be “encouraged, not persecuted”.
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.