Today I learned of The HERO Initiative, the first federally recognized not-for-profit organization dedicated to helping comic book creators, writers and artists in need. Many comic creators were often paid little for their work, and were not allowed to keep their creations. Guillermo del Toro is on the board. en.wikipedia.org/wiki/The…
Mel Gibson could not get any studio to fund 'Passion of the Christ'. Instead of scrapping the film, he chose to finance it all by himself, an action which analysts labelled as "idiotic". He spent $45M on the project and went on to make over $475M because he didn't have to split the profits. en.wikipedia.org/wiki/The…
Today I learned about the Antikamnia Chemical Company, an American pharmaceutical company that used skeletons to advertise their pain-relieving products, which contained toxic ingredients. The company existed from 1890 to 1930 and made huge profits by finding loopholes around the Pure Food and Drug Act of 1906. en.wikipedia.org/wiki/Ant…
Today I learned about Timothy Dexter, an American Merchant known fir his stupidity. He regularly followed bad advise only to earn a profit by pure luck. en.wikipedia.org/wiki/Tim…
Burger King launched a $40 million ad campaign in November 1985 called "Where's Herb?" The idea was to find a character named Herb who'd never been to BK. Other chains pointed out that if Herb wasn't at BK, it meant he probably liked other chains' burgers more. BK profits fell 40% in 1986. en.wikipedia.org/wiki/Whe…
The Breaking Bad team was offered $75 million to produce three additional episodes after the final season. This much money was stated to be more than the profits they had made in five years. The team refused, saying that the final episodes did not lend themselves to additional installments. indiewire.com/2019/07/jef…
Paul Newman's friends loved his homemade salad dressing so much he started a company to sell it. That company, which now sells a variety of foods, gives 100% of its profits to charities. Newman never took any money and in just its first decade over 50 million dollars was given away. newmansownfoundation.org/…
The ADE 651, effectively glorified dowsing rods, were sold for Β£20m and Β£32m ($72.88m total) to the Iraqi government in 2008 and 2009. The manufacturer also made a gross profit of Β£1.35m ($1.89m) in the UK in 2008. They are entirely useless and have led to the death of its users. en.wikipedia.org/wiki/ADE…
Today I learned of highway robbery. 50 k/31 miles of highway was stolen, with over 7000 concrete slabs dismantled and sold for private profit by an official in Russia's Komi region bbc.com/news/world-europe…
Funnyjunk once unsuccessfully sued a comic creator for asking them not to profit off of his content. en.wikipedia.org/wiki/The…
The strategy where a gambler doubles the bet after every loss, so that the first win would recover all previous losses plus win a profit equal to the original stake is called the Martingale System. casino.org/blog/the-marti…
The β€œFi” in Wi-Fi doesn’t stand for anything. It is simply a trademark term of the non-profit Wi-Fi Alliance for a family of wireless network protocols based on IEEE 802.11 standards webopedia.com/definitions…
Today I learned about Henrie Berry Lowrie who lead a gang of American Indian, White, and African-American men in 1860's NC. The Lowry Gang fought the Confederates, fought the white establishment during Reconstruction, only robbed people who could afford it, and shared their profits with the poor. en.wikipedia.org/wiki/Hen…
Today I learned of William Burke, a Scottish murderer who would sell corpses for a profit to medical researchers. After he was hanged for his crimes, scientists dissected him, wrote with his blood, and bound a book with his skin. wikipedia.org/wiki/Burke_…
Ancient Athenian law allowed blackmail (for profit). The blackmailers, known as sykophantes in Greek, could earn additional income from fig-smugglers by threatening to tell courts about their activity. businessinsider.com/words…
The B-side of the cassette release of "In God We Trust, Inc" by Dead Kennedys is left blank. The B-side label states "Home taping is killing record industry profits! We left this side blank so you can help.". en.wikipedia.org/wiki/A-s…
The North American Vexillological Association is an international, non-profit, scientific organization founded in 1967, dedicated to vexillology (the study of flags) and their cultural, historical, political and social significance. nava.org/about-nava/
"Plan 9 From Outer Space," sometimes called "the worst movie of all time," was funded by the Baptist Church of Beverly Hills. The plan was to make a cheap science-fiction movie then invest the profits in a religious film. thedissolve.com/features/…
Businesses have their own version of β€˜frenemies’ called β€˜coopetition’. They rely on the success of their coopetitors for their own profits yet also hope the other company lowers prices allowing them to raise prices and appropriate that extra value. investopedia.com/terms/c/…
The actors of β€œThe Big Bang Theory” are amongst the highest paid television actors ever. Earning $1 million, plus profits per episode. businessinsider.com/big-b…
Many products are getting smaller due to 'shrinkflation', for example Mars shrank its Maltesers, M&Ms by up to 15%. In the past, companies blamed the rising price of raw materials. Recently, these prices dropped back, but the shrinkage continued as manufacturers try to stealthily boost profits independent.co.uk/news/bu…
Frederick Banting discovered insulin in 1923, he refused to put his name on the patent. He felt it was unethical for a doctor to profit from a discovery that would save lives. Banting's co-inventors, James Collip and Charles Best, sold the insulin patent to the University of Toronto for $1 vox.com/2019/4/3/18293950…
Today I learned about Navinder Singh Sarao (aka 'The Hound of Hounslow') a British guy who manipulated the Chicago Mercantile Index by 'spoofing' the market. His estimated Β£40m profit was stolen by fraudsters and he is now penniless, a motivating factor in him not being sentenced to prison time. bbc.com/news/explainers-5…
Shakespeare became wealthy by hoarding grain, and reselling at inflated prices during a period of famine. He used the profits for money-lending activity and was pursued by authorities for tax evasion and was prosecuted for hoarding grain. independent.co.uk/arts-en…
Today I learned of the Phoebus cartel, which controlled the global lightbulb market for over 15 years and worked to remove long-lasting bulbs from the market in order for lightbulb manufacturers to profit more en.wikipedia.org/wiki/Pho…
In 2000, Tim Miller founded Texas EquuSearch, a search-and-recovery non-profit which has assisted with hundreds of missing-persons cases and located more than 400 living people and 238 bodies. His own daughter was abducted & murdered in 1984. theguardian.com/us-news/2…
A man once purchased nearly 100lbs of bananas at a Tescos so that he could make a Β£25.12 profit on them due to a promotion the grocer had going at the time theguardian.com/business/…
There is a non-profit organization that trains capuchin monkeys to be service animals for people with spinal cord injuries. monkeyhelpers.org
Today I learned about APOPO, a non-profit organization that trains African giant pouched rats to save lives by detecting landmines and tuberculosis. apopo.org/en/who-we-are
American Express cards aren't accepted everywhere because Amex is a 'charge card', requiring customers to pay off balances monthly. Since they make little-to-no profit off interest payments & have competitive reward offerings, they raise their per-transaction interchange fees to compensate. experian.com/blogs/ask-ex…
A man in 2002 found a way to crack the lottery in the US state of Michigan using math and probability. He figured out that if he bought a certain amount of tickets that he would certainly make a profit. He and his wife Marge ended up making millions of dollars. bbc.co.uk/programmes/p06s…
In 1995, the Blockbuster video rental chain had more than 4,500 stores. The company made $785 million in profits on $2.4 billion in revenues: a profit margin of over 30 percent. Much of this profit came from "late fees" on overdue rentals smallbusiness.chron.com/m…
Eric Goode, the director of Tiger King, is a lifelong conservationist who protected over 65,000 acres of habitat for endangered turtles and tortoises through his his non-profit, the Turtle Conservancy. en.wikipedia.org/wiki/Eri…
Cyber crime is a bigger business in the US than drug trafficking and generates significantly bigger profits. capstoneitinc.com/2019/05…
There is a shortage in chemotherapy treatment medications across the USA due to the slim profit margins that medical companies make from them. journalofclinicalpathways…
Some of the most successful films of all time, such as the Harry Potter series, were actually financial losses on paper. This is called creative accounting and it's a way for Hollywood studios to avoid paying actors, producers and directors based on net profits. popmatters.com/192246-hol…
Many products are getting smaller due to 'shrinkflation', for example Mars shrank its Maltesers, M&Ms by up to 15%. In the past, companies blamed the rising price of raw materials. Recently, these prices dropped back, but the shrinkage continued as manufacturers try to stealthily boost profits independent.co.uk/news/bu…
Family Video still operates over 500 stores in the US and Canada. They own the real estate where their stores are located and they own all of the media they rent out so they keep all of the profits. This is why they were able to outlast other video rental businesses like Blockbuster. en.wikipedia.org/wiki/Fam…
For years United Technologies Corporation, a major American arms developer, illegally gave China access to highly classified military technology in exchange for an increase in profits and entry into the Chinese civilian helicopter market. reuters.com/article/us-us…
Because American textbooks are sold at a lower price in Thailand, somebody was reselling them in the US and making enough of a profit to get sued by the publishers, the Supreme Court ultimately ruled against the publishers because the "first sale" doctrine applies everywhere, not just the US en.wikipedia.org/wiki/Kir…
The 1993 Super Mario Bros. movie did not profit from its theatrical run, as it had a budget of between $42 and $48 million, but is estimated to have only earned around $35 million at the box office en.wikipedia.org/wiki/Sup…
Dr. Phillip Zimbardo, the psychologist in charge of the Stanford Prison Experiment, was convinced to end it early by the intervention of his then-girlfriend, Christina Maslach. They later married, and he now runs a non-profit to research and promote everyday heroism. en.wikipedia.org/wiki/Phi…
Since its inception in 1970, Amtrak has never turned a profit. businessinsider.com/amtra…
Upton Sinclair's novel "The Jungle" was never about the meatpacking industry. Sinclair intended it as a "breaking of human hearts by a system which exploits the labor of men and women for profit". en.wikipedia.org/wiki/Upt…
Dignitas is a Swiss non-profit members' society providing assisted/accompanied suicide to those members of the organization who suffer from a terminal illness and/or severe physical and/or mental illnesses, supported by qualified Swiss doctors independent of the organization. en.wikipedia.org/wiki/Dig…
Since "Ghostbusters" was legally restricted by the 1970s children's show β€œThe Ghost Busters”, Columbia paid $500,000 plus 1% of the film's profits for its use. Given Hollywood's accounting practices, however, the film technically never made a profit for Universal to be owed a payment. en.wikipedia.org/wiki/Gho…
If your kids want to have a lemonade stand in Canada's capital city, Ottawa, the sign must be in English and French, as well 7% of the profits must be donated to charity. globalnews.ca/news/350599…
Today I learned of Musopen, a non-profit org. that provides high-quality recordings of classical music in the public domain, so that anyone can use them. The project emerged as a response to the big corporations in the music industry that were burying old artists, like Beethoven and Chopin, behind copyright musopen.org/music/
Kevin Smith announced he will donate all his dividends from Weinstein-Made films to the non-profit 'Women In Film' deadline.com/2017/10/harv…
Volvo opened up the patent for three-point seatbelt cause "it had more value as a free life saving tool than something to profit from" arnoldclark.com/newsroom/…

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