This is what rich business owners do for others

This is what rich business owners do for others

Many people think that CEOs of large corporations are greedy and hoard money from themselves. On social media you see posts claiming that it’s better to support smaller local businesses rather than business tycoons of large corporations. Many people have the association that having lots of money is equal to being selfish but is any of this actually true?

We set out to find the truth and discovered that many CEOs give a lot their staff and share their successes. In this video article, we’ve found 10 business owners who really do make a difference. Don’t fancy watching the video? Then take a look at the transcripts below instead!

Interesting facts

1 – When Ricardo Semler was in his twenties, he inherited his father’s business and took over the company which was worth $9 million. In the process he released most of his mangement and gave all the power to his staff. His company is now worth over $200m.

2 – The big boss of IKEA has remained very, very normal (humble). Even though he’s one of the richest men in the world with an IKEA in almost every country on the planet, Ingvar Kamprad (founder of IKEA) still lives in a small home, eats at IKEA, and uses the bus for transportation.

3 – In Albuquerque, US there’s a restaurant called Tim’s Place that serves breakfast, lunch, and hugs – and it’s owned by a man with Down’s Syndrome.

4 – Yang Yuanqing, the CEO of Lenovo received a $3 million bonus,. Instead of keeping that for himself he redistributed it to about 10,000 of Lenovo’s employees. This wasn’t just a one-off. Yuanqing did it again in 2013.

5 – Google has an interesting secondary perk for its employees. If an employee of Google dies, their partner will receive half their pay for 10 years as well as stock benefits, The children of the deceased also receive $1000 a month until they turn 19.

6 – In response to China’s air pollution, a Chinese millionaire started selling cans of fresh air for $0.80 and made over $6 million dollars in 10 months.

7 – Steve Jobs’ secretary was always late to work because of problems with her car. Mr. Jobs did not like this. Instead of telling her off every time, he went out one afternoon and bought her a brand new Jaguar, saying: “Here, don’t be late anymore.”

8 – In March, 2014, the US state of Colorado sold $19 million dollars worth of Cannabis. $1.9 million went to schools and crime fell by 10%.

9 – It has been scientifically proven that praise rather than criticism is the best way to help employees improve.

10 – The first female self-made millionaire in America was a black woman.

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