In the days of phone directories (yellow pages), companies would choose names with the letter ‘A’ in front so they appeared first in the alphabetized list. This led to oddly spelled words, such as “Aaaamerican” or “Aaaction,” as well as many businesses with “AAA” in their names.
The founders of Samsung and LG, Lee and Koo, were close friends since elementary school. In 1968, Lee met Koo and told him that Samsung was planning to enter electronics, which meant becoming LG’s direct competitor. Angered, Koo yelled at him and left. Afterwards, the two were never close again.
Anthony Rossi who founded Tropicana Products in 1945 was an Italian immigrant who arrived in the US with $25 and did not know English. He developed an orange juice pasteurization process to allow transport from the factory in Florida to as far away as New York starting in 1970.
In 2018, a woman accidentally paid a Swiss cafe $7709 for coffee because she entered her PIN number as the dollar amount. When she called to get the money back, nobody answered because the cafe had filed for bankruptcy.
UPS was founded in 1907 by 19 yr. olds James Casey and Claude Ryan, using two bicycles, a phone, a tiny office in a saloon, and a borrowed $100. United Parcel Service has become a multi-billion dollar corporation.
Payless once opened a fake luxury store called “Palessi” and invited influencers to see how much people would pay for $20 shoes. Top offer: $640. A markup of 1800%.
Mark Twain made a substantial amount of money throughout his career but lost most of it. He lost the equivalent of $9,000,000 on a typesetting machine investment, his publishing company failed after selling only 200 copies of one of his books, & he was forced to sell his house in Connecticut.
Nishiyama Onsen Keiunkan is a hotel in Japan, that has been running for over 1300 years, ever since it began in 705. It has been ran over 52 generations by the same family, which still operates it today.
In 2005, to protest against conditions in the cocoa industry, a Dutch reporter ate 17 chocolate bars then asked to be arrested and tried for child slavery. The judge wouldn’t convict him, and the reporter went on to found Tony’s Chocolonely company.
Junior Bridgeman a former NBA player who was not a star in the league, took his earnings from the NBA and invested them into food franchises. He now has a net worth of $600 million only behind Michael Jordan as the richest NBA player in history.