Segway Owner’s Fatal Accident Joins List Of Corporate Fails: Ratner Still Wins
WHEN Segway owner Jimi Heselden drove his motorised scooter off a cliff and died, he joined a long list of corporate leaders who have managed to make their product look less than great. We present a selection of epic corporate fails: Hoover, Tony Hayward, David Shepherd; John Schnatter and the great Gerald Ratner…
HOOVER
HOOVER In August 1992, Hoover came up with the unbelievable offer: two free return tickets to any European destination to all British customers spending over £100 on its products. Wow! And double Wow then Hoover extend the deal to the US. This will shift that backlog of vacuum cleaners and washing machines. Customers buy a products and wait for their tickets. Hoover fail to deliver. The law got involved and the debacle cost Hoover nearly £50 million and the firm's board its jobs. Hoover's British division is now owned by Italian firm Candy. About 220,000 people did eventually fly.
Posted: 27th, September 2010 | In: Money Comment | TrackBack | Permalink
