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A man who destroyed his multimillion dollar company in 10 seconds (2018)

thehustle.co

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Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#61

Earlier quoted context omitted.

I never understood why Lewinsky got ridiculed that much. If anything she was a victim in the whole thing. Or am I missing something?

She is a woman who spoke out about sexual harassment in the 90s. That’s how women got treated then. Take a look at the treatment Anita Hill and Paula Jones got sometime.

Did she even speak out? I thought she just got dragged into the public.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#62
post #39

Article mentions that they had to change their name to "The Signet Group" ... the now parent company of Zales/Kay/Jared. I'd be interested to learn more about that transition https://en.wikipedia.org/wiki/Signet_Jewelers

Indeed, in the UK they own H Samuel and Ernest Jones - with exactly the same business model and value as Ratner’s. So you could argue it didn’t have much long term impact.

Well they closed hundreds of shops in the years immediately following, and already owned H Samuel back then. Not sure about E Jones, which is a little more upmarket anyway.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#63

Interesting anecdote, but holy minimal-effort-article-writing, Batman: > Have you ever heard of the “Ratner effect”? > Well by the end of this post you will know what it means.

There's a hundred variations of this story on those bottom of the article news feeds type "surprising" story blogs. Good luck finding one with effort!

Wikipedia is probably the best bet.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#64

Earlier quoted context omitted.

Actually, the best "public shaming" talk I've seen are the ones given by Monica Lewinsky. When you consider that Monica Lewinsky was 22 years old during the time of the scandal, a lot of the stuff going on was simply outside of her control. Seeing things from her perspective is pretty interesting, to say the least: https://www.youtube.com/watch?v=Yq7Eh6JTKIg John Oliver starts the discussion, but there is a Lewinsky…

I never understood why Lewinsky got ridiculed that much. If anything she was a victim in the whole thing. Or am I missing something?

The media played it as though she was reveling in her situation prior to the public exposure. Some of the public interactions she had with Clinton made it all the easier to sell that perspective to the public.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#65
post #49

Earlier quoted context omitted.

I never understood why Lewinsky got ridiculed that much. If anything she was a victim in the whole thing. Or am I missing something?

How is she a victim?

Arguably because of the power imbalance between intern and President.

But definitely because of how Ken Starr and the national media treated her.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#66

I would say this is not the Ratner effect but the Othello effect (as in Reversi not Shakespeare) Ratner merely put down the last piece that flipped almost the whole board. Marketing is usually the uphill struggle to persuade anyone looking at the board that "white is winning" when it is really anyone's game. But eventually one piece is played, often a public failure, and everyone realises the board was destined to be…

That board didn't have to flip. Ratner could have just kept selling the brand instead of stating his true opinions to a media circus. And the brand would have retained its value, perhaps all the way to today if he could have kept the unit economics alive.

What made the brand successful wasn't what Ratner thought it was.

The word at hand here is 'hubris'. Successful people slowly lose touch with the rest of the world and eventually make a colossal screw-up.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#67
post #49

Earlier quoted context omitted.

I never understood why Lewinsky got ridiculed that much. If anything she was a victim in the whole thing. Or am I missing something?

How is she a victim?

Some would argue that she was coerced because of the vast power difference in their respective positions.

It's part of the reason you aren't supposed to have relationships with someone you manage.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#68
post #6

This reminds me of Adam Osborne, who tanked sales of his new Osbourne 1 by prematurely bragging about the future Osbourne 2. https://en.m.wikipedia.org/wiki/Osborne_effect

Section: The Osborne myth

Sounds like more of a Sega-CD vs Playstation type failure than just his words. He probably felt he needed to talk about the next gen Osbourne 2 to really compete since he was trumped by competition.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#69

Earlier quoted context omitted.

Actually, the best "public shaming" talk I've seen are the ones given by Monica Lewinsky. When you consider that Monica Lewinsky was 22 years old during the time of the scandal, a lot of the stuff going on was simply outside of her control. Seeing things from her perspective is pretty interesting, to say the least: https://www.youtube.com/watch?v=Yq7Eh6JTKIg John Oliver starts the discussion, but there is a Lewinsky…

I never understood why Lewinsky got ridiculed that much. If anything she was a victim in the whole thing. Or am I missing something?

I think the issue is that she kept the clothing with the semen, which speaks about planning and cunning.

People talk about the power imbalance, but at the end of the day there are a lot of people who sleep with their superiors because they want to rather than being coerced (explicitly or implicitly). I don't think we'll ever truly know if she was coerced or not, but we know for sure that she kept that clothing.

And I think this is the tipping point for most people. Everyone understands that she may have been a victim in it.

Re: A man who destroyed his multimillion dollar company in 10 seconds (2018)

#70
post #22

Remind me of the recent case where a person (Google tells me that her name is Maria Butina) got busted as a Russian spy after she had a habit of bragging that she was a Russian spy when drunk.

And George Papadopoulos bragging, kicking off the investigation:

> During a night of heavy drinking at an upscale London bar in May 2016, George Papadopoulos, a young foreign policy adviser to the Trump campaign, made a startling revelation to Australia’s top diplomat in Britain: Russia had political dirt on Hillary Clinton.

https://www.nytimes.com/2017/12/30/us/politics/how-fbi-russi...

People love to brag.

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