How Gerald Ratner lost his multi-million dollar company in 10 seconds
submitted almost 5 years ago by Amenorhu
submitted almost 5 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.
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