What are the worst disasters in the history of business?

[Anonymous No.24757579]

Pic related.
>ceo eliminates coupons and low cost brands, dooming them forever and now in chapter 11

[Anonymous No.24757640]

>>24757579
They were 25 years behind the times anyways business wise.

[Anonymous No.24758397]

>>24757579
Wasn't Bill Ackman the one who made them do all that?
As far as I remember, he more or less forced them to change their stategy. But they were already doing pretty poorly before that.

[Anonymous No.24758421]

>>24757579
>mall retail
Obsolete concept.

[Anonymous No.24758456]

Bre-X
https://www.businessinsider.com/bre-x-6-billion-gold-fraud-indonesia-2012-7?op=1

[Anonymous No.24759385]

>>24757579
blockbusters and schiff gold.

[Anonymous No.24759483]

>>24758397
He wanted them to be like fast fashion stores for Boomer women. One of the most retarded business models imaginable

[Anonymous No.24759527]

>>24759385
Blockbuster not buying netflix is a facebook meme. They didn't buy them because they already had a competing service. It failed because they had a Boomer ceo that was completely clueless about what people wanted to watch.

[Anonymous No.24760066]

>>24758397
It was Ron (Rob?) Johnson who ran Apple's stores. JC Penny management was too stupid to realize that running a store without any real competitors (Apple stores cannot be undersold by other retailers) is very different from running a store that carries the same merchandise as other stores.

[Anonymous No.24760254]

>>24758421
You’d think so, but my local mall is thriving even in the scamdemic

[Anonymous No.24760301]

[Anonymous No.24760316]

>>24760254
Same. If anything, my local mall is more populated than usual. Shit was fucking packed, all the stores were open too.

[Anonymous No.24760322]

>>24757579
ratners

[Anonymous No.24760338]

>>24759527
>Not purchasing their service and then integrating it into your own.

Do you even corperate takeover 101? Every company that could outright purchase its competitors and was too stupid to do so has went out of business or lost huge swaths of marketshare to their competitors.

[Anonymous No.24760409]

>Be wallmart
>Cheap as shit
>Expand into Germany
>Can't compete with German cheap prices
>Get btfo by aldi and lidl.

[Anonymous No.24760476]

Link
Oh wait, its not a real business

[Anonymous No.24760539]

>>24757579
Enron and Worldcom were catastrophic.

[Anonymous No.24760568]

>>24757579
Sears not becoming Amazon.

Already had your great grandpa’s internet in the Sears and roebuck’s catalogue

Never made it into an internet business

Considered catalogue ordering as old and got rid of it right as dial up internet became a thing.

[Anonymous No.24760619]

>>24757579
kmart from the early 2000s and onward. visibly outdated stores, shit product offerings, no private label brands, refusal to scale their online sales. revolving wheel of moron executives with 2-3 year tenures that did nothing but drive the company into the ground.

[Anonymous No.24760879]

>>24757579
>Ford Edsel in the 1950s
>Everybody was underwhelmed by the car
>Flopped
>Cost $400 ( 2 billion in today's money)
>America online merges with Time-Warner in 2000
>Ends up costing 140 billion
>Daniel K Luwig loses a billion in the 1970s trying to develop farming and Industry in the middle of the Amazon

There's so many of them

[Anonymous No.24760974]

>>24760322
https://www.youtube.com/watch?v=sKtBkVrqYYk
>Now why did I make that speech #101

[Anonymous No.24762195]

>>24760409
you forgot incompatibility with german culture and work ethics