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
Shocked Bbc Three GIF by BBCGiphyBritish 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....
Confused Season 1 GIF by ManifestGiphyPepsi 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
video games 90s GIFGiphyBlockbuster 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?
scrooge mcduck 90s GIFGiphyRupert 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
Frustrated Clint Eastwood GIFGiphySears 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
instagram picture GIF by ChallengerGiphyKodak 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
Flames Feed Your Happy GIF by Hardee'sGiphyHardee'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.
HP Down
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.
The people who love you the most can break your heart because of their betrayal of trust.
Cheating is cowardly and inexcusable, but depending on the situation and the couple, it is possible for them to find a path to healing emotional wounds.
But there are some ways in which infidelity is totally unforgivable.
That's the kind of scenario Redditor WCh3L3 was curious to hear about when they asked:
"What’s the wildest cheating story you’ve witnessed or happened to you?"
It must be exhausting leading double lives.
Hospital News
"A friend of a friend found out that her husband was cheating when she got to the hospital to see her husband who had just moments before been brought in by ambulance after a serious car accident only to be denied entry to his room because 'his wife was already in the room with him.'"
"He had two simultaneous lives with two women, neither of which was aware of the other."
– JeBronlLames
The Ruse
"My ex-wife pretended to be admitted to a mental health ward for long term treatment while actually staying with her new man and cheating on me."
– Impossible-Visit-199
"This one is just next level."
– most-royal-chemist
"That’s some Batman villain level of intrigue and machination. His wife missed her calling and wasted her abilities on sleeping around."
– filifijonka
A Separate Life
"My friend's mom was in a relationship with a guy for years and they ended up getting engaged and due to marry."
"The guy was a senior director of a company for which he travelled every week abroad for business."
"Eventually, the guy had a heart attack and when my friends mom turned up at the hospital, his wife and 2 kids were there also."
"Turned out he was already married with children and living a double life the whole time. When he went 'abroad' for business, he was simply going back to his actual family."
– wallbagz
Here's The Story
"My dad did this. He worked nights and would juggle both families that way."
"He came clean after he got admitted to hospital for heart trouble and realised that if things went badly he’d end up in this exact situation."
"I was 16 when he came clean that I have an older brother and sister. They found out about me then too - as did his wife."
"ETA: I’d actually already figured it out before he told me though. Nobody else had."
"EATA: I saw a preview of a text on my dad’s phone from my sister. I didn’t know she was my sister obviously, but it said ‘hi dad, mum says…’"
"At first I was in denial and I thought his friend must have borrowed his phone or something. I started to watch him more closely."
"He had a ringtone (lol the 00’s) that would say the name of the caller. I noticed whenever a certain name rang he’d leave the room. Some tactical eavesdropping later and 15 year old me had it figured out that I had a brother and sister."
"I didn’t clock I had a stepmother though, or that I was family no2 and they were his primary family. But I still think I did pretty well!"
"My whole family on my mum’s side knew - mum respected that it was my dad’s secret to tell and she gave him time to tell it. (Although they did have a few arguments about it as I was growing up, I never knew what they were about at the time.)"
– notemily-
Life is never the same once the truth comes out.
Shameless
"A family friend's husband was having an affair for 20+ years and that woman knew the entire time about his family. He was at her ranch one time and was bucked off a horse and broke his back. The affair partner called his wife to tell her and acted like everything about this situation was normal and the wife had no reason to act all upset at the affair. Some people really just have no shame."
"Guy lived and made a complete recovery, left his mistress and they stayed together since they were working on their relationship. He died a few years ago and the wife finds out he never actually left his mistress just lied."
– SailoLee92
Unilateral Decision
"In a small town the husband kept telling people he had an open marriage; finally someone asked his wife about it, she was unaware of this new arrangement."
– Long_Strange_Trip_GD
Rehab Romance
"Was in rehab, two people were there for sex addiction one a minister the other a Jewish housewife. They left rehab together early. Woman divorced her husband who sent her to rehab for sex addiction and married the guy she met in rehab. They are still married 10 years later and seem very happy."
– Life-Evidence-6672
On The Case
"I knew a guy years ago that was a private investigator. Many times he was approached by a spouse who suspected their partner was cheating."
"He had a slam-dunk strategy. He would suggest his client sign up for a course, whether a hobby thing, or educational. The key was that the class would happen for a period of weeks, all on the same day of the week, and all at the same time of day."
"Then, while his client was in class, he would follow the spouse."
"Caught them every time."
– PJMurphy
If you have a hunch about an unfaithful significant other, it's there for a reason.
Going For A Run
"Had a coworker who cheated on her live-in boyfriend. She would tell him she was going for a run, put on her shorts without underwear and would f'k her side piece in the apartment parking lot. So then she would come back inside sweaty 30 mins later and needed to shower and it all made sense to her boyfriend, he never questioned it. She was an awful human."
– rashawah
It Made Scents
"A friend caught her husband cheating because he kept coming home smelling like ferrets."
"Hard to play off 'long day at work' and explain that."
"When she found out at a holiday party that one of the young female coworkers owned ferrets, it all made sense."
– benloe7
Special Delivery
"I used to go to a comic shop. And the comic shop owner knew all of the gossip in the area. Nice dude. Remembers all of his regulars and asks about you if he hasn’t seen you in awhile to check in on people. Lot of people in the area grew up with his shop. So he’s got stories."
"Anyways he told us about this story from some years back about this regular. Who disappeared for a few months. Comes back one day. And the shop owner asks him, 'hey, man. Haven’t seen you in awhile?' Kind of like where have you been. The regular was like oh I’ve been getting divorced. I had to move it was a whole thing."
"So naturally the shop owner asks. 'Why are you divorcing your wife?' The regular caught his wife cheating."
"He had picked up a 2nd part time job as pizza delivery man because he was trying to fund to take his wife on her dream vacation. All of the money he earned from that job was supposed to go into that vacation. He had been working this job for like 6 months. It was a whole secret. She didn’t know he was doing that for her. Because he was trying to surprise her."
"He was the pizza delivery man at the motel. She was cheating at him with. The dude she was cheating on him with answered the door with her right next to him."
"He apparently didn’t even go back to the pizza place. He quit on the spot. Went home. Packed his sh*t and left town."
– TheMysticalPlatypus
Those who are unfaithful in their relationships may think they're good enough for more than one person, but they're usually not.
And while you may not believe in it, there's something called karma, and watching it enact justice can be extremely gratifying.
If you were the one being cheated on, know that the person with whom you've fallen in love is not the kind of person you want to spend the rest of your life with and there will always be a better human who will respect you and love you.
And if you were the cheater, watch your back. Because whether you believe in it or not, karma's coming for ya.
Food trends are not so very different from fashion trends, constantly evolving and quickly becoming outdated or passé.
Can you think of the last time you were served ambrosia at a dinner party?
Or have you noticed how anything featuring kale is now met with an eye roll rather than excitement?
Of course, some food trends tend to last longer than others.
Even if many people wish that they would also become extinct... the sooner the better!
Redditor Prestigious-Humor872 was eager to hear all the food trends people wished would die out, and fast, leading them to ask:
"What modern food trend can you not wait to die?"
Less Isn't Always More...
"2 ingredient desserts (with 7 'optional' ingredients that appear once you read the actual recipe)."- strawberry-emma
You Pay For The Experience
"Food trucks that charge the same price as a premium restaurant but serve half the size on a floppy plate that I have to stand up to eat."- thorn_10
"Food trucks."
"Weren’t they supposed to serve cheaper food because of lower overhead?"
"No brick and mortar?"
"We have a lobster roll truck-pulled by a Range Rover- that shows up for lunch and charges $22 for one entree."
"Ridiculous."- tizzymyers·
GiphyChoice Of Words...
"Calling a slight alteration to a recipe a 'hack'."
"Adding parmesan cheese to your grilled cheese sandwich is not a 'hack'."
"It's a minor recipe change."- No_Pear_2326
Jumping The Gun A Bit...
"If I'm on a website I'm only there to look at your menu."
"I'm not interested in starting an order before I've looked at the menu."
"No, I don't want to give you my zip code."
"Just give me your menu and some food pictures."- DueRest
Staying Humble?
"Fancy restaurants that say they serve 'street tacos' and proceed to charge $18 for three."- Chipwich75
T-Bell Yes GIF by Taco BellGiphyThere's A Reason We're Told Not To Play With Our Food...
"The stupid food wasting trends on YouTube and TikTok etc."- fluffernuttersndwch
Presentation Is Key...
"For some reason putting food in wine glasses."- Ralphroberts603
"Restaurants serving food on cutting boards, shovels, paper, shells, or anything that is not an actual plate."- Funny_Disaster1002
meat grill GIF by Gifs LabGiphyRemember The Golden Arches And The Red Roofs?
"Making all fast food buildings look like cookie-cutter beige/grey boxes."
"They all used to have their own distinct personalities."- mattnotis
There's Economizing, And Then There's Jusy Poor Hygeine...
"The videos of people making food in sinks."
"Gross."- h20rabbit
Is It Even Still A Secret After 100 Thousand Views?
"Any TikTok/IG trend that makes life more difficult for fast-food workers with overly complex orders or ordering stuff not on the menu or trying to 'one up' each others orders etc."- HiThisIsMichael
bored fast food GIF by Zaxby'sGiphyMaybe It Gives Them Incentive?
"Tipping as an option BEFORE receiving good service."- mytimeis2044
Sweet Tooth? Or Cavity Express?
"Sweets on top of sweets."
"A milkshake with a donut, lollipop, and cupcake attached."- Marleygem
Technology Slowly Taking Our Jobs...
"I just went to a restaurant, not a fast food place, a sit-down restaurant where you have to scan the QR code for the menu, then a screen pops up where you have to place your own order."
"No one comes to the table to answer questions, nothing."
"You place your order, a person comes by and throws your drinks at you. "
"Then they swing by a while later and throw your food at you."
"That’s all you see of them."
"You pay your bill on your phone, and are still expected to tip."- Megmuffin102
Saint Urbain Website GIF by Front of HouseGiphyBe it in presentation, cooking style, or flavor profile, people will likely always try to make food "cool" in truly bizarre ways.
Sometimes ignoring that the only thing that should truly matter is whether or not it tastes good.
At least people have finally realized that kale doesn't need to be added to everything!
For now, at least...