Gerald Ratner facts
While investigating facts about Gerald Ratner Net Worth and Gerald Ratner Speech, I found out little known, but curios details like:
Gerald Ratner, CEO of jewellery chain, Ratners Group called his products "total crap" in public, causing the company to lose £500 million (eq. $850 million)
how much is gerald ratner worth?
In 1991, a British man named Gerald Ratner who inherited his father’s jewellery business and turned it into a multimillion-dollar empire within six years ended up in destroying his business in 10 seconds at an event attended by over 6000 business people and journalists.
What happened to gerald ratner?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what did gerald ratner called his jewellery. Here are 8 of the best facts about Gerald Ratner Quote and Gerald Ratner Jewellery I managed to collect.
what did gerald ratner say?
-
Gerald Ratner, a British businessman, caused the value of his own company to plummet by approximately £500 million, and almost its collapse, by jokingly commenting that their products were “total crap” during a speech at the Royal Albert Hall in 1991.
-
About Gerald Ratner, the CEO of a UK jewelry chain, Ratners jewelry, who, in 1991, sealed his fate with an ill-timed speech that admitted his products were "Total crap." Shares dropped by £500 million within days of the statement; by the end of the year, the company stock was down 80%.
-
When Gerald Ratner called his own product "total crap", he inadvertently wiped £500 million from the company's value.
