Page 10 - Business Facts

U.S. corporate giants like General Electric did not pay ANY taxes at all between 2008 and 2010! How do they get away with it?

According to a report by the non-partisan Public Campaign, thirty multi-million dollar U.S. Companies cleverly used a myriad of tax-dodging techniques and spent more money lobbying Congress than they paid in federal income taxes between 2008 and 2010! Collectively they spent about $400,000 every day, seven days a week during that three-year period, to lobby lawmakers and influence political elections.

These companies managed to make a profit of $164 billion despite a widespread economic instability that has swept the U.S since 2008. During that period they also received tax rebates totaling about $11 billion. Displaying no conscience, these companies lay off some of their employees and increased the salaries of their executives while spending about $476 million during the same period to lobby the U.S. Congress and another $22 million on federal campaigns.

A staggering twenty-nine of those companies paid no federal taxes at all during that time frame, even though the statutory federal corporate tax rate is 35 percent! The companies mentioned in the report include giants like General Electric, Verizon Communications, Wells Fargo, Mattel and Boeing.

According to the report, big corporations and their CEOs get special deals in Washington at the expense of poor and middle class Americans. Congress continually votes to give tax breaks to oil companies and hedge fund managers, cutting important programs that benefit the majority of Americans.


Some LEGO employees get LEGO people business cards!

This is a very creative way to get your brand out. Some senior LEGO staff get a minifig that looks like them to hand out instead of business cards. Check out the card on the right. Pretty creative no?


The word LEGO had a secret meaning that the makers didn't know about!

In 1932, Ole Kirk Kristiansen was a master carpenter and joiner in Denmark and established his business in the village of Billund. He manufactured stepladders, ironing boards, stools, and wooden toys. His son, Godtfred began working for the business at age 12. In 1934, the company adopted the name LEGO, which was formed from the words “LEg GOdt” meaning “play well.”

It wasn’t until later that it was realized LEGO means “to put together” in Latin. The firm only had six or seven people at that time. Godtfred cut Ole Kirk’s motto “Only the best is good enough” and hung it up in the workshop in 1936. In 1937, Godtfred was 17 and he began making his own models. The business grew to a whopping ten employees in 1939, but it continued to grow with time.


Some awesome lists!

Do you hate your job? You are not alone! 71% of people do—but why?

How excited are you to get to work in the morning? How passionate are you about what you do? The chances are that you hate it! A new Gallup survey show that 71% of workers are "not engaged" or "actively disengaged" from their work.

Now we can understand why customer service is so bad. Nobody really cares! More people are voluntarily leaving their jobs than three years ago. Good news is it means they are not being laid off or being fired. Bad news is it means that employees are discouraged, disillusioned, and uninspired.

Beefing up incentives to make them stay is not really going to do the trick, which is usually the first thing managers and HR professionals across corporate America think of when they see such statistics. But I would not want to drag myself out of bed early on a Monday morning just because I can get a free soda or a free lunch at a canteen that serves nothing I like anyway.

People want to be inspired! They want to feel they are going somewhere and they want to work toward a higher purpose. They want to feel good about themselves and their management. That will require better communication, not more perks.


Starbucks’ white paper cups are impossible to recycle due to the plastic liner on the inside!

The white paper cups are used for hot beverages and are lined with polyethylene plastic to keep the paper intact by protecting it from the hot drink. The paper on the outside of the cup is needed for its rigidity and to keep the form of the cup. Unfortunately, the plastic liner makes the cup unrecyclable in most paper recycling systems. 

Starbucks says they continually look for other options so that their cups may be recyclable, but have yet to find anything. Their hot beverage sleeves were made to eliminate double cupping and are recyclable. They are made of 60 percent post-consumer recycled fiber. They also give a 10 cent discount when customers use their own cups instead of Starbucks’ disposable ones. 

Starbucks has also begun to offer “for here” mugs to customers who stay in the store to enjoy their coffee. They also recycle milk jugs, cardboard, and paper used by the coffee chain to store their supplies. 



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