34 Trivia Tidbits About the Idiocy of the Corporate World

We thought we had to be insanely smart to make a ton of money, but as we’ve learned from one of our many facts lists, people with below-average intelligence are just as likely to become financially successful. That definitely gives us hope. Like, if these rich morons can make some of the most boneheaded business decisions ever, then so can we! You’ll see.

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CORPORATE CRASH & BURN CATCHING THE IRE OF THE DEEP STATE Patrick Byrne, the CEO of Overstock, stepped down in 2019 after he said weird stuff about the Deep State, which caused the company's stock to fall by 36%. Coincidence? CRACKED

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CORPORATE CRASH & BURN THREATENING TO KILL THE PRESIDENT Matt Harrigan stepped down from his role as CEO of PacketSled after he wrote a Facebook post where he threatened to kill Donald Trump. Не admitted that his words were really stupid, and that he only had himself to blame. CRACKED

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CRACKED CORPORATE CRASH & BURN SAYING THE QUIET PART OUT LOUD Gerald Ratner, the CEO of a jewelry group, made a speech in 1991 that included the musing: People say, 'how can you sell this for such a low price?' I say 'because it's total crap. His careless words are now known as doing a Ratner, and cost his company a whooping £500 million.

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CRACKED UNICEF'S MR. РОО Unicef has created a mascot called Mr. Poo in India to help spread the word about the health risks of pooping in public. Mr. Poo is a brown, lumpy character that... looks like poo. We do not wish to doubt the wisdom of Unicef's public messaging, but ...

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CRACKED ESURANCE'S ERIN Esurance got rid of their mascot, Erin, after people started making fan art of her in inappropriate ways and sharing it online, which is a pretty clear indication that something is very flawed about your mascot design.

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CRACKED DORITOS' CHIPPY Doritos has released a new movie and campaign featuring Chippy, a comedian with a unique twist, to get Gen Zs to take action on their mental health. That's exactly what we wanted from our chips: mental health awareness.

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CRACKED ELON MUSK Elon Musk's net worth has dropped $9 billion since buying Twitter, and he is now facing a number of financial challenges in owning the company.

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CRACKED CITIBANK Citibank made a mistake and accidentally sent $900 million to the wrong people, and the lenders refused to return the money. The lenders were taking advantage of the situation due to a longer running saga between them and Revlon, the company that borrowed the money.

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CRACKED SAMSUNG Samsung Securities Co CEO Koo Sung-hoon resigned after the company was punished by South Korea's financial regulator for an employee's error that sparked a $105 billion ghost stock blunder. The company was handed a six month partial suspension of its operations and its chief was suspended for three months.

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CRACKED DAIMLER DaimlerChrysler agreed to sell an 80% stake in its struggling U.S. brand Chrysler to Cerberus Capital Management for $7.4 billion, with Daimler expecting to pay out about $650 million to close the deal and take a $4-5.4 billion profit hit. The sale allowed Daimler to end its exposure to billions in ongoing losses and health care costs.

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CRACKED WARREN BUFFETT Warren Buffett's most gruesome mistake was buying Dexter Shoe in 1993, which eventually collapsed due to cheap foreign imports, costing him 25,203 Class A shares in Berkshire Hathaway, worth about $8.7 billion today.

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CRACKED JEFF BEZOS Pets.com was an ambitious online pet store that was funded by Amazon and had a sock puppet mascot, but it failed miserably due to its high advertising costs and inability to generate revenue.

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M 94568 In 2006, McDonald's Japan ran a promotion in which 10,000 mp3 players would be awarded to lucky customers. The players contained a virus which stole data when connected to a computer. McDonald's had to provide the winners with an antivirus program and replace the players. GRAGKED.COM

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7:00 PM 7:00 PM FridayOrtober 11 Sprin) U g Photo Netebook Goodle Campry LG When LG promoted their G2 phone in Seoul by attaching phone vouchers to helium balloons in a park, fans turned out with BB guns (one woman came with a spear) to pop the balloons. 01 1100 As a result of the ensuing 010 several people were hospitalized. CRACKED.COM

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Macy's decided to sell some plates by fat shaming moms. mam jeans favorite jeans mam jeans load cama odie favorite jeans skinny jeans The plates featured portion sizes described as jeans sizes, with the biggest portion size being called mom jeans. This didn't go over well, and Macy's removed the plates just hours after a picture of the plates went viral. CRACKED.COM

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Eager to promote confidence in his company's identity theft protection services, the CEO of LifeLock Social Security used campaign. his number actual in stock advertising Perhaps fell victim to identity theft. Thirteen times. My Social Security # is: As a result, 457-55-5462 LifeLock was LifeLock. accused of Guarantee Your Good Name deceptive advertising and fined $12 million. Guarantee Your Good Name Then again, five years later. This time for $100 million. GRAGKED.COM

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18

An Indonesian marketing expert thought it would be a good idea to throw money out of a plane. Instead of a traditional campaign for his book, Tung Desem Waringin circled the soccer stadium in Serang, tossing roughly $10,000 on people who, on average, make $40/ month. The stunt ended up with a 13-year-old girl being hospitalized after collapsing in the crowd. CRACKED COM

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Snapchat lost around $800 million in stock after running an ad on their platform for the mobile game Would You Rather? which mocked Rihanna's abuse. Would You Rather? Imposable Chocolat WOULD YOU RATHER! Slap Rihanna Punch Chris Brown Many users deleted the app following PLAY her response. CRACKED.COM

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CRACKED.COM Peek Home a 10:37 am twitter Sep 30 RIYO 2:45pm Con we meet earlier? THE Jennifer --- Carls 1:11pm Re: Family Reunton Sarah 12:02pm A TWITTER-ONLY Soccer practice time Thomas McN... F 1:58am Car service FREE be service@outo... 8:38am Re: Julia's Wedding Gillian 7:45am Re PTA Meeting Jacqualine St... B/29 Coffee tomorrow? PHONE. Jesse Johnst... 9/29 Club News members@g. & F S % x É د T 9 9 5 ? WT 2 7 ® ٥ E R 7 W O T K H A F G . a 0 S A N M الله B x Z A

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CRACKED.COM In 2017, Samsung released a hypnosis service called Unspoil Me. Unspoil me Experience your favorite TV series as if it were the first time. GO TO HYPNOSIS It promised to make you forget what happened in TV shows you watched, so you could enjoy them all over again.

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CRACKED Google eXcite EXCITE In 1999, Google offered to sell to Excite for under $1 million, but Excite rejected the offer.

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CRACKED OFFER NECK СОНТН AX JIL HER #News Corporation body NEWS CORP. News Corp. sold Myspace for $35 million, a huge loss compared to the $580 million they paid for it in 2005.

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CRACKED BLOCKBUSTER VIDEO BLOCKBUSTER VIDEO BLOCKBUSTER VIDEO Deli BLOCKBUSTER John Antioco's arrogance in September 2000 cost Blockbuster its future when he refused to consider the possibility of buying Netflix for $50 million, which could have saved the company from its eventual bankruptcy in 2014.

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CRACKED HAPPLE APPLE NL NATURAL UNISTRAWBERRY EACH TEA onapp Mine MON TEA adidas instruction Snapple i NATURAL - NET NATURAL MANGO MADNESS napp ( Snapple & e NATURAL C apple Lee's need ALEXA US Master LAKER E - RED names : - aanes BEE MG I BLE QUAKER Quaker Oats Co. agreed to sell Snapple Beverage Corp. to Triarc Cos. for $300 million, only 27 months after Quaker spent $1.7 billion to buy the maker of trendy drinks, resulting in a loss of $1.4 billion for Quaker.

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CRACKED NOKIA 3 def g 1 2 abc 4 b ghi mno 5 jkl 7 pqrs wx 8 tuv * ب 0 MICROSOFT Microsoft has wasted at least $8 billion on its failed Nokia experiment, and CEO Satya Nadella's vision for the company has shifted away from a devices and services focus, resulting in the end of Microsoft's mobile subsidiary.

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CRACKED Search Tumblr - Home t of Fandom Mones - tumblr. OPEN G4 17 No75 ..... SOUTH - What's New verson History 10g situal Thanks for choising Tumblr a place 6 connect North others over shared interests Preview YAHOO! In 2013, Yahoo acquired Tumblr for $1.1 billion, but the platform struggled to become profitable and was eventually sold to Automattic for $3 million in 2019.

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CRACKED Weinerville -Netscape 5 x File Edit View Go Communicator Help My N Back Forward Reload Home Search Netscape Print Security Stop Bookmarks Location: http://www.geocities. s.com/Heartland/Meadows/7322/ Welcome to Wienerville Where dachshunds will walk all over your heart YAHOO! Yahoo purchased Geocities in 1999 for over $4 billion, but the acquisition was ultimately unsuccessful and the site was shut down in 2009.

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Before the iPhone, Apple had tried its hand in the game business by teaming up with Bandai to create the Pippin, a disc-based console with a trackball in the controller. aTMORK STRAKK. PewerPC The combination of a $600 price tag, barely any software support, and terrible management during Apple's years without Steve Jobs caused the Pippin to die within two years. GRACKED.COM

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CRACKED.COM The iPhone you almost had Two years before the launch of the iPhone, Apple launched an abortive iTunes phone produced by Motorola and called the ROKR (after the glitchy RAZR, get it?) cingular 2 6 5 WINNS It had a 100-song limit, it couldn't buy music over the internet, it was hated by carriers, and its candybar shape looked like yo momma's phone. It almost killed any future phone plans for Apple

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Turbine 3 Turbine 12 Gue THE 263 LA Mondensator PREMIER SOLI M at PREM FEET CRACKED COM RJ Reynolds spent $325 million to develop this smokeless cigarette to counter secondhand smoke. It was vaping decades before vaping ... but smokers said it tasted horrible, and was too hot to hold.

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Turtine A 03 PAY BY 167 Co Mondensator TOUCH SOLA PAY BY TOUCH place center OF finger flat 8 sensor CV press and hold wait E green 3 light GRACKED.COM This company used biometrics for payments back in 2002. But the CEO was caught in a bunch of scandals (embezzling, drugs, domestic abuse), and the company went bust before smartphones were even invented.

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Turoine 13 63 INSULIN 167 tv Hondresa INHALERS SOLK Inhaler EXUBERA GRACKED.COM It took eleven years for Pfizer do develop Exubera, and only one year for it to bomb. You'd think people would rather inhale insulin than inject, but they found the gizmo too bulky and embarrassing to take out in public.

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Turbine 3 Turbing 12 Gue THE 263 Mondensator CAPSULA SOLI O adidas UNBULANCE civolabres CRACKED.COM Italdesign debuted this modular car, is whose cabin could be swapped out to make a totally different kind of car. Who wouldn't want that?! Everyone, it turns out. People just want to buy the car they want to have. A

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FLYING CARS SOLK 3218 fe CRACKED.COM Henry Ford had a plan for cheap, easy-to-use, personal planes everyone can own. A plane in every driveway! Then his prototype (avoidably) crashed during a test flight, and Ford scrapped the whole idea. HA 8

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