70 U.S. Business Facts That Show How Companies Changed America

- Sponsored Links -

1Procter & Gamble

Procter & Gamble

Procter & Gamble has spent decades and millions to suppress rumors that the executives worship Satan and that their profits support the Church of Satan.


2. An investment bank that lost 75% of its employees in 9/11 sued American Airlines for negligence in allowing terrorists on board and won $135 million.


3. An Oregon survey found that panhandlers outside of Wal-Mart were making more than the employees working inside.


4. Sears once used to sell an entire house as a giant mail-order DIY kit. There were over 370 home designs, and the house had over 30,000 parts worth 25 tons. Sears claimed a man of “average” abilities could assemble it in 90 days.


5. Vioxx was a drug produced by Merck & Co, which resulted in the death of approximately 60,000 people. The company allegedly was aware of the side effects and did not withdraw the drug from the market until the FDA caught on.


Latest FactRepublic Video:
15 Most Controversial & Costly Blunders in History


6Union-Busting

Union-Busting

Wal-Mart gives its managers a 53-page handbook called “A Manager’s Toolbox to Remaining Union-Free” which provides helpful strategies and tips for union-busting.


7. Prior to 1999, the mythical American Express Black Card was just that: a myth. The myth became so pervasive that AmEx decided to capitalize on it and actually make a black, ultra-exclusive credit card.


8. San Diego County Inspectors, through the use of 'Secret Shoppers', found that Target overcharges customers on 10.3% of the items they ring up, Brookstone by 10.6% and Sears by 15.7%.


9. The Citigroup Center in Manhattan was built with major structural design flaws and was at risk of falling over, until they secretly fixed it in 1978, less than a year after it was built. The $12 million repairs were kept secret until 1995.


10. Wal-Mart and McDonalds are the 3rd and 4th largest employers in the world. Only the armies of the United States and China employ more people.


- Sponsored Links -

11FedEx vs DEA

FedEx vs DEA

FedEx was charged by DEA with the distribution of controlled substances and conspiracy to distribute misbranded drugs when the DEA told it to stop serving a list of drug dealers. Then DEA refused to give the list when FEDEX tried to comply. FedEx pleaded not guilty since they had no way to tell who was on the list.


12. Sidney Weinberg joined Goldman Sachs as a janitor’s assistant and worked his way up the corporate ladder to eventually become the CEO of the company.


13. One air crash, Delta Flight 1141, was caused by the pilots talking about another air crash, Continental Flight 1713. They were so distracted by their own conversation that they forgot to lower the flaps. The other air crash they were talking about also involved too much non-relevant discussion.


14. In the 1960s, General Electric sold some new-fangled color TV sets that emitted excessive amounts of radiation. This is where the myth that sitting too close to the TV will make you go blind came from.


15. Comcast has won the “Worst Company in America” award twice, first in 2010 and second in 2014.


- Sponsored Links -

16Skymall Magazines

Skymall Magazines

The removal of Skymall magazines saved American Airlines an estimated $350,000 per year in fuel costs.


17. Norway stopped investing money into Wal-Mart after determining that the company is guilty of “serious violations of fundamental ethical norms.”


18. When the Sears catalog began to be printed on glossy paper instead of “regular” paper, the company received complaints because people found it harder to use as toilet paper.


19. In 1987, a man named Steve Rothstein took advantage of the AAirpass (a promotion by American Airlines that let people pay a one-time $250,000 and have a lifetime of unlimited flights) and quit his job so he could fly continuously. This ended up costing the airline more than $21 million.


20. The only employee of Goldman Sachs to go to jail in the aftermath of the financial crisis was Michael Lewis, an employee that Goldman Sachs specifically told authorities to arrest for stealing computer code the employee helped write. He was arrested 48 hours after they informed authorities without a warrant.


21Pfizer

Pfizer

In 1996, Pfizer may have killed 50 kids in Nigeria while improperly testing experimental anti-meningitis drugs.


22. In the early days of FedEx, CEO Fred Smith took the company’s last $5,000 to Las Vegas and won $27,000 gambling on blackjack to cover the company’s $24,000 fuel bill.


23. Dr Pepper is owned by neither PepsiCo or The Coca-Cola Company, but are instead only distributors. This is why you can find Dr Pepper in both Pepsi and Coke soda fountains and vending machines.


24. In 2011, a man killed his wife inside the Wal-Mart she was working at. Rather than close the store, they chose to just rope off the gore-splattered area while police investigated.


25. General Motors once hired prostitutes to attempt to seduce Ralph Nader in order to discredit him in his campaign to force the automobile industry to include seatbelts in its cars.

1
2
3

Sign up to our Newsletter & get

FREE!! 1000 Facts E-BOOK

We don’t spam! Read our privacy policy for more info.

- Sponsored Links -

LEAVE A REPLY

Please enter your comment!
Please enter your name here