"Gerald Ratner, CEO of The Ratner Group, operated a popular and successful jewelry business in the UK in the 1980s. He managed to sink his entire business enterprise in under ten seconds when he made a public TV appearance and joked that his company's products were "total c**p".The value of his business dropped by about *half a billion pounds* in the immediate aftermath and almost went completely out of business"
-2
1.
Sabrina 7 month s ago
#5 - Wrong! Welch /saved/ GE. If they had continued on the path they were on prior to him assuming the helm, they would have been out of business completely. You can hate on him all you want for the mass firings, but the strategy was sound - if they weren't #1 or #2 in a market, Welch got them out. It drastically cut operating expenses and returned the company to profitability for the first time in decades.
6
2.
Aze 7 month s ago
Sabrina,
Look at all the liberal down votes...wassamatter snowflakes, truth hurts?
Look at all the liberal down votes...wassamatter snowflakes, truth hurts?
4
3.
Erin 7 month s ago
The Bayer AG decided to buy Monsanto when it was already clear Monsanto would get sued a lot in the US. Now, 9 years later, Bayer itself is worth half the amount they've paid for Monsanto.
0
4.
Ray 7 month s ago
#13 I fine in most cases if you simply ask nicely the wait staff are happy to turn down the sound.
0
5.
Ray 7 month s ago
*find
-5
6.
Ray 7 month s ago
Missing from this list: Businesses that only accept cash. Even the majority of vendors at farm markets, fairs, art and craft shows, etc. are capable of taking cards. The typical excuse I hear from places that only accept cash is that card transaction fees are too high. Well, it's better than making no money at all, isn't it?
6
7.
Eduardo 7 month s ago
Ray, it's not when the fees are higher than the profits made
The profit margin on some items are just too low
The profit margin on some items are just too low
-6
8.
Lionel 7 month s ago
#8 You mean Tesla?
0
9.
Mitchell 6 month s ago
#10 that wasn’t their decision, Apple just accused them of pornography and deleted the tumblr app off the apple store
Look at all the liberal down votes...wassamatter snowflakes, truth hurts?
The profit margin on some items are just too low