Page 10 - Business Facts

The final CEO of Washington Mutual made $19 million in three weeks, while the company was failing

Washington Mutual was a savings bank holding company, and was the largest savings and loan association in the United States until its collapse in 2008.Washington Mutual Bank's closure and receivership is considered the largest bank failure in American financial history.

However, their final CEO, Alan H. Fishman, can't complain about what happened to Washington Mutual in the end.Before the company was seized by federal regulators in 2008, Fishman made $19 million at the position. His tenure was less than three weeks. SEC records state that the CEO before Fishman made $14 million for one year on the job.


This man outsourced his entire job to China. I wish I could pull this off

The truly lazy are often the most creative. Like this developer, who was caught outsourcing his entire job to China so that he could spend his time at work… not working.

The ruse—highlighted in a Verizon case study—was carried out by an employee called "Bob" who worked at an anonymous "critical infrastructure company." The trick was only spotted when someone noticed suspicious activity on the company's VPN log.

While Bob apparently received glowing performance reviews, all of his development work was being carried out from China. In fact, he pulled off the same scam across multiple companies concurrently, earning "several hundred thousand dollars a year."

Further investigation revealed a typical day's work for Bob included reading Reddit for two hours, shopping on eBay for an hour, browsing Facebook for two hours, and checking LinkedIn for a further two hours.


Check out what these guys did inside an abandoned Walmart!

There are thousands of abandoned big box stores sitting empty all over America, including hundreds of former Walmart stores.

With each store taking up enough space for 2.5 football fields, Walmart's use of more than 698 million square feet of land in the US is one of its biggest environmental impacts.

But at least one of those buildings has been transformed into something arguably much more useful—the nation's largest library.

Meyer, Scherer & Rockcastle transformed an abandoned Walmart in McAllen, Texas, into a 124,500 square foot public library, the largest single-floor public library in the United States.

The library is amazing; it has every type of book that you can think off and it even has a computer lab. It might be worth checking it out if you are ever around McAllen, Texas.


Some awesome lists!

The inventor of Vaseline claimed that he ate a spoonful of it every morning! What for?

Sir Robert Chesebrough, a chemist, was the one who invented Vaseline, also known as petroleum jelly.

He patented the product in 1872, but the product wasn't accepted until he travelled around New York doing demonstrations on himself.

He would burn his skin with acid or an open flame in front of an audience and then use the Vaseline to soothe the burn.

He passed out free samples to get the product into the public. He believed in his product so much that he claimed to even eat a spoonful every morning.


Wrigley's Gum had a completely random start. It was a cheap freebie. Learn the whole story.

William Wrigley Jr. Settled in Chicago in 1891. He was only 29 and wanted to build a company. His father was a scrubbing soap manufacturer.

So when he moved to Chicago, he started selling his father's soap. To incentivize people to buy his soap, he started giving out a can of baking soda along with it.

When the baking soda proved to be more popular than the soap, he decided to switch to selling baking soda full time.

History has a funny way of repeating itself. Someone suggested that Wrigley give away a couple of packs of bubble gum with each baking soda purchase.

Eventually the bubble gum became so popular, Wrigley switched to bubble gum full time.



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