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Joined: Dec 2006
Posts: 555
Campfire Regular
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Campfire Regular
Joined: Dec 2006
Posts: 555 |
By far, the biggest blunders committed by corporations are stock buyback programs. Happens all the time and at best, it is payroll expense for bloated share float from stock awards. Mostly, it is just burning money.
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Joined: Sep 2010
Posts: 42,373 Likes: 81
Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2010
Posts: 42,373 Likes: 81 |
And the winner is.....!!!!!! Every corporation that donated to invested in the Clinton Foundation expecting some political favoritism in return.
Bwa-ha-ha-ha-ha-ha-ha!
Make Gitmo Great Again!! Who gave the order to stop counting votes in the swing states on the night of November 3/4, 2020?
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Joined: Sep 2010
Posts: 42,373 Likes: 81
Campfire 'Bwana
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Campfire 'Bwana
Joined: Sep 2010
Posts: 42,373 Likes: 81 |
Dang I'm old! Long time ago, Coors Beer took and anti-gun stance. Every state that sold Coors erupted with Coors boycotts. They quickly reversed their position.
DMc
Make Gitmo Great Again!! Who gave the order to stop counting votes in the swing states on the night of November 3/4, 2020?
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Joined: Dec 2007
Posts: 5,526
Campfire Tracker
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Campfire Tracker
Joined: Dec 2007
Posts: 5,526 |
New Coke . . . A Blunder
Let's see they were able to switch "old coke" to high fructose corn syrup from more expensive sugar and bring it back to the public's demands for the old good stuff.
The brand name was mentioned about every ten minutes somewhere and they did not have to pay a cent for advertising.
Some spelling errors can be corrected by a vowel movement. ~ MOLON LABE ~
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Joined: Dec 2003
Posts: 86,365 Likes: 37
Campfire Oracle
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Campfire Oracle
Joined: Dec 2003
Posts: 86,365 Likes: 37 |
If you take the time it takes, it takes less time. --Pat Parelli
American by birth; Alaskan by choice. --ironbender
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Joined: May 2009
Posts: 5,628
Campfire Tracker
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Campfire Tracker
Joined: May 2009
Posts: 5,628 |
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Joined: May 2002
Posts: 10,268 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: May 2002
Posts: 10,268 Likes: 2 |
K-Mart hiring Rosie O as spokesperson.
Lunatic fringe....we all know you're out there.
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Joined: Sep 2005
Posts: 920
Campfire Regular
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Campfire Regular
Joined: Sep 2005
Posts: 920 |
VW and thier clean diesels that we’re only clean when hooked up to the test stand. Buybacks and fines will be in the tens of billions
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Joined: Jan 2016
Posts: 12,179 Likes: 20
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2016
Posts: 12,179 Likes: 20 |
J.C. Pennies hiring Ellen The Degenerate for publicity.
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Joined: Oct 2016
Posts: 8,109
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2016
Posts: 8,109 |
VW and the emissions fakery.
An unemployed Jester, is nobody's Fool.
the only real difference between a good tracker and a bad tracker, is observation. all the same data is present for both. The rest, is understanding what you're seeing.
~Molɔ̀ːn Labé Skýla~
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Joined: Dec 2002
Posts: 12,375 Likes: 7
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2002
Posts: 12,375 Likes: 7 |
Along about 1965, Chase Mortgage was one of the early adopters of IBM's new Winchester technology-- the codename for what we know as a hard drive. The converted all their tape-based operations to this new hardware-- 20MB drives that were the size of a washing machine.
After about 6 months of smooth sailing, the hard drive crashed.
The next morning, there was a shriek from the boardroom: "What do you mean there's no backup????" It turns out they'd decided the data processing guys had decided you didn't need to backup up their new Winchesters. Recovery plans were discussed. The boardroom lizards finally decided to take out a full page ad in the WSJ something like:
"If you have a mortgage with Chase Mortgage, we're sorry. We've lost all your account information. Please copy and send all your mortage information to us with your next payment."
They didn't get one response. In short order Chase Mortgage ceased to exist. If the lizards had just shut up and stayed quiet, probably 98% of the customers would have sent in their checks the next month and no one would have been the wiser.
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Joined: Feb 2006
Posts: 18
New Member
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New Member
Joined: Feb 2006
Posts: 18 |
Harley Davidson. Bought MV Agusta for 109 million from the Castiglioni brothers, poured millions into the company, paid off their debts, and invested in production infrastructure. Panicked during the 2008 downturn and sold the company back to the Castiglionis for one euro after two years of ownership. Combined with their mismanagement of Buell, this cost HD well over $250 million. Harley has been a "lifestyle" company for so long they don't seem to understand how to compete as a motorcycle company.
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Joined: Dec 2009
Posts: 31,668 Likes: 10
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2009
Posts: 31,668 Likes: 10 |
Founder Ancient Order of the 1895 Winchester
"Come, shall we go and kill us venison? And yet it irks me the poor dappled fools, Being native burghers of this desert city, Should in their own confines with forked heads Have their round haunches gored."
WS
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Joined: Mar 2002
Posts: 11,530 Likes: 6
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2002
Posts: 11,530 Likes: 6 |
GE. Judging from their performance under the recently-retired Immelt, they would have been about the same if they'd hired a [bleep] and ordered him to wreck the company.
Don't blame me. I voted for Trump.
Democrats would burn this country to the ground, if they could rule over the ashes.
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Joined: Mar 2002
Posts: 11,530 Likes: 6
Campfire Outfitter
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Campfire Outfitter
Joined: Mar 2002
Posts: 11,530 Likes: 6 |
By far, the biggest blunders committed by corporations are stock buyback programs. Happens all the time and at best, it is payroll expense for bloated share float from stock awards. Mostly, it is just burning money. I disagree under some circumstances. First, if a company has excess cash, can't see a profitable opportunity to invest in plant and equipment, and can't find a good company to buy with it, the excess cash may attract a hostile takeover. Second, it makes the stock price increase (supply and demand). Yes, top management usually benefits from this. But so do the stockholders. It is not a payroll expense.
Don't blame me. I voted for Trump.
Democrats would burn this country to the ground, if they could rule over the ashes.
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Joined: Sep 2011
Posts: 61,377 Likes: 35
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Sep 2011
Posts: 61,377 Likes: 35 |
Most everything about Enron.
These premises insured by a Sheltie in Training ,--- and Cooey.o "May the Good Lord take a likin' to you"
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Joined: Oct 2016
Posts: 8,109
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2016
Posts: 8,109 |
At one point in history, Pepsi was on the ropes, and about to go under. They made an offer to Coke to buy them out. Coke said "piss off and die " (they did not see Pepsi as a real threat, and they were worried about some strawberry drink you likely never even heard of. Pepsi fought back from the brink more from the insult, than market forces. Who's laughing now?
An unemployed Jester, is nobody's Fool.
the only real difference between a good tracker and a bad tracker, is observation. all the same data is present for both. The rest, is understanding what you're seeing.
~Molɔ̀ːn Labé Skýla~
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Joined: Dec 2013
Posts: 13,273 Likes: 15
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2013
Posts: 13,273 Likes: 15 |
Seward's Folly wasn't...except for the Russians. As I understand concerning Alaska. Russia had a heck of a time managing the place. Consider the time a letter would take travelling from Moscow to Sitka (New Archangel). Also the Russians had experienced very good relations with the U.S. and probably thought it very likely the hated British right over the hill in Canada would steal Alaska anyway. So best to sell it to a friend than to allow an enemy to move any closer. Who knew then about the gold, the oil, and the coming enmity?
Patriotism (and religion) is the last refuge of a scoundrel. Jesus: "Take heed that no man deceive you." Hebrew Roots Judaizer
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Joined: Oct 2003
Posts: 12,664
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2003
Posts: 12,664 |
Union Carbide sold off all profitable product lines (Eveready, Prestone, and others) to fend off a hostile take over by Dupont. The USPS was asked if it wanted control over emails. The then postmaster general said no it's a fad.
The Karma bus always has an empty seat when it comes around.- High Brass
There's battle lines being drawn Nobody's right if everybody's wrong
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Joined: Jan 2006
Posts: 69,574 Likes: 26
Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2006
Posts: 69,574 Likes: 26 |
Alaska also gave the US control of the northern Pacific. I agree that Russia had a hard time managing it with Moscow a half a world away. They've always suffered because of the lack of year round seaports and travel through Siberia was terrible at best. It was something like 40 years after we bought AK before they completed the Trans-Siberia railroad. It was almost 6000 miles long and wasn't exactly a high speed route. Even when it reached the Pacific, it was still a long way to Alaska.
“In a time of deceit telling the truth is a revolutionary act.” ― George Orwell
It's not over when you lose. It's over when you quit.
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