Sunk costs: business failures from the Titanic to Evergrande
A crash course in crumbling companies | 1843 magazine
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A crash course in crumbling companies | 1843 magazine
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The best financial decision businessman Gerald Ratner ever made was to start giving after-dinner speeches for a living. Ratner famously lost everything in 1991 when, as chief executive of jewellery chain Ratners, he joked that some of its products were 'total crap'. The 71-year old told DONNA FERGUSON he now earns a lucrative living giving motivational speeches. He also does business mentoring and his book, Reinvent Yourself, has just been published. Before the fall: Gerald Ratner in 1985 as his jewellery chain grew What did your parents teach you about money? How important it is to h...
Gerald Ratner once jokingly referred to one of his company's sherry decanters as 'total crap' As chairman and chief executive of Ratners Jewellery, Gerald Ratner, 71, built his business into the world’s largest jewellery retailer. After he disastrously joked about the brand in a speech at the Royal Albert Hall in 1991, the company suffered huge financial losses and was renamed the Signet Group in 1993. He bounced back to launch a successful gym and online jewellery store. He lives in Berkshire with his wife, Moira, and has four children. Were you born into money? My paternal grandfather sta...