Running a successful multi-million or billon dollar business is no easy task. It takes an endless well of blood, sweat and tears. The The key to staying powerful as a company is staying innovative and ahead of the curve. Business in all fields morph at a record pace, so you have to think big or go home. Often that BIG thought and plan is lucrative and life-changing for the better and sometimes.... its a disaster and it crumbles a dynasty.
Redditor u/RusherTheBFDIFan wanted to discuss some wrong decisions made by corporations by asking...Photo by Michal Matlon on Unsplash
The Ratner
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British businessman Gerald Ratner was the CEO of powerful jewelry company Ratners.
In 1991 he gave a speech to a business forum in which he explained how his company was able to sell its products at such a low price. His words were "because it's total crap." The remarks were televised and widely publicized. Overnight, Ratners lost about £500million of its company value, was forced to rebrand (it's now called Signet) and Ratner was made to resign.
Such a blunder has now entered the English lexicon as "doing a Ratners."
Think about that....
There was a weight loss product called AIDS. When the AIDS disease emerged, they decided not to change the name of the product so as not to compromise its identity. Who would have thought that people no longer wanted to buy AIDS, despite all the success that AIDS has in losing weight?
The Balmer Bomb
Steve Ballmer didn't take the smartphone seriously, laughed at the first iPhone, and Microsoft has basically become an enterprise services company because of it. A hugely successful one, but that was a huge miss and it cost him his job.
Oh he chose to retire? No. He was gently shown the door.
Sounds like....
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Pepsi had a contest in the 1980s where the bottle caps had letters on the underside, and if you spelled your own last name, you won. Of course, the vowels were very rare.
But they forgot about Vietnamese people named "Ng," along with similar Eastern European names. Oops.
Video Down
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Blockbuster basically telling Netflix to go screw itself.
They absolutely would have f**ked up Netflix. They would have screwed up Redbox if they actually gone through with that purchase, too.
Why would Blockbuster start mailing you videos? It would have made no sense to anyone in that company when there's a Blockbuster within rock-throwing distance of everyone's front porch. They would have never seen the value in the mail-to-home DVD.
Maybe... MAYBE, they use Redbox as a drop-off, but a large portion of their business depended on you going in, dropping off a video, browsing the shelves, and buying overpriced popcorn with your DVD rental.
When its too free
McDonald's had a contest where you collected game pieces and if the US won a medal in the Olympic sport on your game piece, you won a prize. I think it was something like:
Bronze = free medium soft drink Silver = free regular size fries Gold = free Big Mac
Russia and East Germany boycotted the Olympics. This was when Russia hadn't split into different countries and they were by far the biggest US rival. It was also when testing for performance enhancing drugs was very unsophisticated... so Russian athletes often had big advantages.
McDonald's gave away a lot more free food than they anticipated.
Just looked it up. Yep.
The Redesign
I worked for a Sprint/Nextel dealer in the 2000s. We actually had a couple phones with a Microsoft OS. Think of your Windows desktop with the start button in the lower left. Now imagine that in a flip phone with a tiny screen. It was a pain to use, just a ridiculous design. We sold very few.
Microsoft did a complete redesign with their Windows 7 phones, released in 2010. It was a good design, and a good product, but iPhones and Androids had been around for 3 and 2 years respectively, and the Windows 7 phones were left in the dust.
Similarly, I remember all these teenage girls abandoning their Blackberries when the iPhones and Androids became available.
$500,000,000? Is that all?
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Rupert Murdoch's News Corp. bought MySpace for $580 million in 2005, saw its value rise to over $12B as it became the biggest social media platform by 2008, but then didn't adapt the company to the changing social media landscape that came to be dominated by Facebook and Twitter, and wound up selling it to online ad network Specific Media for $35 million in 2011, a loss of over $500 million (or $11+ billion if you count the company value at it highest point.)
Osbourne Pro....
The Osbourne 1 was the first portable computer, they announced the Osbourne 2 before they'd made a profit on the Osbourne 1, people stopped buying the Osbourne 1 in anticipation of the Osbourne 2 as a result of this there never was an Osbourne 2. The official economic term for announcing a product too early and killing sales (and therefore profits) is called the Osbourne effect because of this. Now that's how to Munson like a pro.
Bad Eddie
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Sears hiring Eddie Lambert as their CEO. Very long story, but the short is that he used Sears Holdings as his own personal hedge fund, having no desire to actually keep Sears/Kmart profitable, and knowingly and willingly allowed these companies; long established American institutions, to completely go under.
Days of Hoover
British vacuum manufacturer Hoover ran a promotion in the 90s to try and sell off old stock; buy a cheap vacuum, get return flights to the US. They tried to make it difficult to claim the free flights, with some pretty dirty tactics designed to reduce the likelihood of a successful claim on the promotion.
It did not end well, with the company completely misunderstanding of how far a British person will go to get something for, essentially, nothing.
Pics of the Future
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Kodak owned digital photography but couldn't break the addiction to film revenue to pursue it. I worked with a senior executive who was forced into retirement because he wouldn't shut up about digital being the future.
Diggs....
Back in like 2009, Digg.com was the go-to link aggregation website on the internet.
But they revamped their site using a new algorithm that focused on following "power users" instead of just following topics and the users hated it. I'm assuming it also made it much easier to inject sneaky ad content into the feed.
So everyone migrated to Digg's smaller rival, Reddit (which was mostly tech-focused at the time). Reddit exploded after that, and I don't think anyone uses Digg anymore. All because they fucked with their algorithm.
Oh Dell
Dell. Michael Dell didn't think smartphones were a good idea. Then he saw how prevalent they were becoming. Dell then released a Windows 7 phone. Someone else manufactured it and Dell put their logo on it. It was absolute junk and the only carrier Dell could get to sell it was T-Mobile. After sales completely flopped, the phone was discontinued and no longer sold.
Rumor is that Dell had ordered almost 7 figures worth of the phones in anticipation of big sales. All of the discontinued inventory went into the shredder and was recycled. Dell took a big tax write-off and pretended like it never happened.
Naughty No
Tumblr taking away naughty/NSFW content. If you create a site where people can be themselves, why would you block that?
The ironic thing is part of why they banned porn was likely so they could be more appealing for a potential buyout. I'm sure they anticipated some blowback when they did it but couldn't have imagined the mass exodus it resulted in.
Patty Cakes
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Hardee's in Australia got caught using dog food in their meat patties back in the 1970s and were forced to close all restaurants and exit the country as a result.
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Around 2008/2009, while the economy was tanking, HP decided to cut the salaries of all it's employees by 15%. Makes sense, right?
Nope.
The government contracting business was booming in the Washington DC area and was one of their few profitable divisions. They lost 40% of their cleared employees before they sent a VP from California to figure out what was going on. They still haven't recovered from that debacle.
The Bottom Line
Shlitz beer decided to cheap out on their product which caused it to have weird slug like growths in the can. They soon folded because no one would drink their product again.
That's what happens when you start caring about the bottom line more than the quality of the product. An interesting article about it, pop up to sign up for their mailing letter is a bit much though
I first learned about it in a business class at my junior college, never actually had the product.
The PC World
When IBM decided to get into PCs they didn't really take it seriously. They always thought that mainframes were always going to rule the day. So, they rushed to get the chips and the OS in deals with Intel and Microsoft. Contrary to deals with previous suppliers IBM did not demand exclusivity from Intel and MS. This let Intel and MS sell their IP to whomever they chose. IBM could have owned personal computing but instead the IBM clones outperformed IBM PCs and IBM is a shadow of their former clout in computing.
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Colgate, the toothpaste and toothbrush company, tried making tv dinners in the eighties.
When we're intoxicated, or even the slightest bit tipsy from having a little too much to drink, our immediate perspective on things is hazy.
But there's nothing like a bit of alarming news or a jarring incident to snap us out of the fog and focus on the moment.
Sometimes alcohol isn't always to blame for our impairment.
It can be a state of mind, like a perpetual numbness from being complacent in life, and all it takes is one shocking moment to rattle us back to our senses.
Curious to hear from strangers online about this type of scenario, Redditor Known_Challenge_7150 asked:
"What’s one thing that sobered you up real quick?"
These individuals were witness to shocking events that sobered them up right quick.
Bleeding Out
"Got out of a taxi and found a naked man profusely bleeding from his head crawling up the driveway in my condo. Called him an ambulance completely forgot I was absolutely wasted until 45 minutes later when I'd helped him translate and in to an amublance and stepped in my front door."
"Later a few days later learned he'd slipped in the tub and literally crawled out for help. Poor dude. He was fine but I genuinely thought he was going to die there."
– DongLaiCha
Tragic News
"At a bachelor party and we got a phone call that the groom’s father had suddenly passed."
– accountnameredacted
Bottom Of The Barrel
"I went to visit my parents back in July. I was homeless and deep into fentanyl addiction so I lost a lot of weight. My folks could see it. They knew something was up. Anyway, I spent the night and I was getting ready to leave in the morning and I looked at myself in the mirror for a good long time. I finally had enough and told them everything. They took me to detox, from there I went to rehab. Graduated in August and been living with them ever since then. I have 160 days clean and sober."
– Crotch-Monster
A reality check can be enough for some people to snap out of it.
Like Father, Like Son
"Was driving a drunk friend home, he had been on a bender again and was smart enough to call me for a lift rather than try and drive. As I helped in to his house his mother came down the stairs and said 'your as drunk as your father' and went back upstairs. I haven't seen him drunk since then, he still drinks but the thought of turning into his dad scared him out of hard drinking."
– psycospaz
Busted
"Flashing blue lights."
– FiddleOfGold
"This sobered me up just thinking about it."
– redmaple_syrup
Losing Sight
"Woke up to no sight in one eye. I had cataract surgery so just thought one of the lenses had slipped and it was an easy fix. Eye doc says nope, you had a stroke. I loved soy sauce, teriyaki sauce and salty food, which caused high blood pressure, which caused retina damage. Over six months was able to get most of my eyesight back with medication, and all back within a year. Trying to navigate life with one eye was very sobering. Started taking HBP much more seriously."
– MissHibernia
Quitting The Bottle
"Looked up someone I went to highschool with who was an awesome guy. Found out he had been dead for 3 years from alcoholism, at age 33. I made an overnight change. I hadn't started drinking that night yet, 10 months ago. Haven't touched it again since."
– omgtater
These disturbing moments were enough for Redditors to immediately come to their senses.
Unplanned House Guests
"Me and a buddy Woke up in someone’s living room, realized neither one of us knew the people, they were just nice and let 2 drunk guys sleep on their living room floor. We didn’t even say goodbye."
– Oneinsevenbillion75
Serious Health Warning
"Elevated liver enzymes."
"And the knowledge that this sh** was gonna kill me and I just couldn't orphan my family over it."
"So I opted for recovery, instead."
"Clean and sober since June 5, 2009."
– Far_Meal8674
The Joyride
"Grew up in a rural area. The little town hosted dances at the hockey arena, everyone (adults and kids) went and they overserved everyone, regardless of age. I was maybe 16 or 17 and was absolutely sh*tfaced, and jumped in the back of someone's truck with about 8 other people to go back to someone's cottage for after dance drinking. The driver (still don't know who it was) started racing one of his buddies and we whipped around small dirt roads, flying around blind corners on the wrong side of the road, going god knows how fast. It was basically a disaster waiting to happen. It was crazy scary and I was sober and thankful to be alive when we finally arrived."
– foxfood9116
The human psyche is a fascinating thing, isn't it?
How we can automatically focus on something urgent at a crucial time, even after getting buzzed from drinking too much alcohol.
But as we're in the thick of the holidays, it's a good reminder to drink responsibly and stay off the roads if you drive to your celebratory destination.
Cheers. Stay safe. And happy holidays.
We've all complained or vented about something in our lives which, in the grand scheme of things, wasn't exactly a problem, or is very easily solved.
Then there are those who complain about things that others almost hope will happen to them at some point in their lives.
These are known as "first world problems", as they are problems that pretty much only the world's one percent faces.
From having to fly business class instead of first class, or being served Roederer instead of Dom Pérignon, these complaints are often met with amusement, bewilderment, or even anger.
Redditor jennimackenzie was curious to hear the most absurd "first world problems" anyone ever complained about, leading them to ask:
"What’s the most ridiculous 'first world problem' you’ve seen people get worked up over?"
"Tale As Old As Time..."
"I once knew a mom who was legitimately devastated, to the point of tears/grief, because a doctor predicted her 8 year old daughter's final height to be around 5'2","
"Which wasn't tall enough to get cast as Belle at Disney World."
"That was the child's (and her mother's) only dream in life, apparently."
"Didn't appreciate my suggestion that she could be Minnie or Mickey."
"Lol!"
"Only a face character would do!"- TravelLovingMom
"Must Be Funny, In A Rich Man's World..."
"My boss from about a decade ago was this insanely rich dude who always went to the bank to get fresh and crisp currency."
"He'd call the bank in advance to make sure they had some on hand."
"I think he was a germaphobe."
"He had a trash can that he'd throw $1 and $5 bills in that he thought was 'dirty' and regularly just donated it vs spending it."
"I asked him why he did this and he said it was too much trouble and asked if I wanted it."
"I said f*ck yeah dumped it into my bag and when I got home it was close to $400 in singles and fives.
"Another time, he wanted to upgrade all the computers in his studio, so we went to a store and bought 10 PCs."
"They all had $150 mail in rebates and he wasn't bothered to go through the trouble of mailing them in."
"3 weeks later I received $1500 after spending a whole afternoon filling out all those goddamn forms."- azninvasion2000
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Who Wore It Better?
"When I was about 19 years old, I was at my boyfriends family BBQ."
"I was wearing this pretty floral sundress."
"His cousins girlfriend showed up in the same dress and she was SO mad that she went and changed."
"I will never understand being upset when someone is wearing the same thing as you.'
"Did you really think that your shirt you bought off the rack is going to be unique to you?"
"No."- mertsey627
Seeing Red! Or Blue In This Case...
"The blue of the balloons wasn't quite the same as the bridesmaid's sashes."
"Years ago my wife and I attended a wedding."
"It was very low key."
"The dinner was in the dining hall at the university where the couple met, cinder block walls and all."
"It was a Baptist wedding - no booze and very serious."
"The dark blue balloons attempting to liven up the hall were a slightly darker shade of blue than the sashes on the bridesmaid's dresses."
"The bride lost here sh*t and absolutely raved for nearly an hour."
"I can't remember how they finally managed to talk her down."- mechant_papa
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See You In Court!
"Rich neighbors who end up in expensive court battles because they disagree about where a tree can be planted or whether the color of a fence fits in with the street’s 'amenity'."
'These disputes get really heated and rack up huge lawyers’ bills."
"The most pathetic part is after the judgement when they are arguing about who should pay the other party’s costs."
"Lots of affidavits filed citing the 'emotional distress' they had to endure, or painting themselves as brave warriors who were forced to take a stand to fight for 'justice'."
"Also lots of pompous litigants insisting that the judge refer to them by their 'Dr' title."
"An absolutely insane dumpster fire of entitled rich people problems."- ElectrocRaisin
It's Always People With Money Who Don't Want To Pay!
"I work in a public library."
"People will get so so mad if they have to be put on a wait list for a book."
"A popular book that just came out."
"Ok our services are not only free but so are the books."
"You’re welcome, a**holes."- Switchbladekitten
A Warm Butt Is A Happy Butt!
"My own."
"We have a bidet toilet seat (Fabulous! Everyone should have one!) and not only does it wash your bum and blow dry it, but the seat's heated!"
"It's shocking how much a heated toilet seat makes the whole process more agreeable."
"Except: We had a power outage and I went to use the toilet and the seat was cold!"
"Unacceptable!"
"This shall not stand!"
"I was really upset because it didn't feel good."
"Then I stopped and thought: This is the most first-world problem anyone's ever had."
"I was really pissed because my heiny was tepid."
"I got over it."- DeathGrover
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Holy Matrimony!
"Weddings are a gold mine for this question."
"People get so hyped up over their 'most important day of their life'."
"They'll destroy friendships, go into debt, and have crazy expectations."
"It's not always the couple who go crazy, either."
"Sometimes, it's the parents or another family member who feels entitled to control the wedding."
"It's just a party."
"Be considerate of guests, have plenty of food and drinks, and enjoy it."- magicrowantree
When Fast Food Isn't Fast Enough...
"Having to pull off to the side to wait for a drive-thru order to be brought out to you because your food isn't ready and there's a line building up behind you."- demanbmore
In Case You Don't Think Customer Service Employees Are Undervalued...
"I was working the return desk at a Target next to a military base so I have so many stories."
"One of my favorites was a lady who had her baby shower before revealing the gender and was livid that she had received floral newborn diapers when she’s having a boy."
"It was a huge box of super expensive, all organic diapers, that we didn’t carry and therefore could not return."
"I cannot accurately express her fury and disgust."
"How dare either suggest her boy could wear feminine diapers."
"I suggested she donate them if she didn’t want to use them and she instead threw away the entire box."
"When she left we pulled it out and threw it in our donate bin."
"There have also been multiple times where mom’s order massive toys and when we bring them out to the car they get furious that they aren’t wrapped."
"We don’t offer wrapping services."
"Here’s the thing, if you don’t want your kids to see the toys you got them for Christmas or their bit to day DON'T BRING THE CHILD WHEN YOU PICK IT UP."
'I’ve had multiple women scream and curse me out that I had ruined their kids Christmas by bringing the toys they ordered out to the car like they requested."- clever-mermaid-mae
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Happiest Place On Earth!
"I used to work for Disney."
"That in itself should tell you everything."
"However for fun I'll give you two specific stories one form our tech department and one from my wife who worked bookings."
"I specifically worked for their call center to help with technical issues with magic band and the website."
"Suddenly got worse huh?"
"A right of passage call everyone has at least one story of is the 'Dome call'."
"Basically there is a subset of Disney Guest (TM) that believes if it rains at Walt Disney world there is someone that will push a button to encapsulate the whole of Disney property in a dome to keep out the rain."
"I'm not kidding."
"If this button is not pushed they call our tech department to angrily ask why."
"My wife worked booking."
"Pretty much everything including Bibbidi Bobbidi boutique and Pirate's league."
"These two things did roughly the same thing difference being price and theme."
"BBB was expensive did more and was focused on princesses, pirates league did a bit less and focused on mermaids and pirates."
"Lady called up my wife, and got pissed about BBB being booked up (It goes FAAAAST)."
"Karen: 'Im going to give the phone to my daughter and I want you to tell her how you are ruining her vacation by not letting her do BBB'."
"Wife proceeds to explain how pirate's league is so much cooler and how she can be a mermaid or pirate and basically gets the kid to start demanding to their parents about how they want to be a mermaid instead of a princess."- trollsong
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The horror!
Being booked into a junior suite at Disney World instead of an executive suite!
It's almost as bad as having no money for groceries, or no food to feed you children...
Said absolutely no one.