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Not precisely analogous, but maybe the most famous case of this sort of thing is Gerald Ratner, who caused his jewelry company's stock to fall by 80% when he pu
by JohnFen 2y ago
Not precisely analogous, but maybe the most famous case of this sort of thing is Gerald Ratner, who caused his jewelry company's stock to fall by 80% when he publicly stated that his company's products were crap. Thus was born the phrase "doing a Ratner".
This article contains other examples of CEOs devastating their businesses in similar ways.
https://thehustle.co/gerald-ratners-billion-dollar-speech https://thehustle.co/gerald-ratners-billion-dollar-speech