How Gerald Ratner lost his multi-million dollar company in 10 seconds
submitted over 6 years ago by Amenorhu
submitted over 6 years ago by Amenorhu
- Gerald Ratner, once a successful CEO of a jewelry chain, made a fatal mistake by making jokes about his own products during a speech in 1991, causing his company's downfall.
- His comments led to a significant drop in the company's stock value, store closures, and his eventual removal as CEO, serving as a cautionary tale for business leaders about the impact of their public statements on their companies.
Advertisement
No comments yet
Be the first to share your opinion!
namibia
south africa
nigeria
ghana
malawi