How this man lost his multi-million dollar company in 10 seconds
submitted about 5 years ago by Amenorhu
submitted about 5 years ago by Amenorhu
- Gerald Ratner, once a successful CEO of a jewelry chain, made a fatal mistake by joking about his own products during a speech in 1991, causing his company's downfall.
- His comments led to a significant drop in stock value, store closures, and his eventual removal as CEO, serving as a cautionary tale for business leaders about the impact of careless remarks on their companies.
Advertisement
No comments yet
Be the first to share your opinion!
nigeria
kenya
south africa
ethiopia
botswana
tanzania
namibia
ghana