Tuesday, March 26, 2002 |
02:22 - Gallows Humor: Corporate Schadenfreude
http://www.business2.com/articles/mag/print/0,1643,38604,00.html
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These days it's not just fuckedcompany.com who have their antennae out for corporate blunders to point at gleefully from the sanctuary of a website that has actual funding. While the aforementioned site was doing so long before the dot-com bubble burst, making fun of stupid decisions made during that era is now the Sport of Kings. Witness this fun article at Business 2.0, "The 101 Dumbest Moments in Business":
3. Banana Republic co-founders Mel and Patricia Ziegler start ZoZa, an "athletic formalwear" retailer, in late 2000. Mel says he expects sales to reach $1 billion within seven years. Gary Rieschel of Softbank Venture Capital invests $16.5 million, telling BusinessWeek, "If you have guts and you have capital, how can you not be optimistic about the consumer market?" Here's how: ZoZa's designers revamp its spring 2001 line, intentionally making their dresses two sizes smaller than labeled. Even the svelte are outraged, and ZoZa's merchandise return rate soars to 80 percent. The company shuts down in May 2001, proving that, if the dress doesn't fit, you must, uh, quit.
7. Last May, Citizens Against Government Waste, a group that received funding from Microsoft (MSFT), is caught simulating a "grassroots" campaign to get state attorneys general to drop their antitrust suit against the software giant. One detail that gives the scheme away: Some of the letters supporting Microsoft are from people who have long since died.
60. Washing Off the Stench of Death, Part 1: Philip Morris (MO) proposes changing its name to Altria, presumably to escape the taint of its tobacco-producing past. It does not, however, stop producing tobacco, which does not stop causing cancer.
61. Washing Off the Stench of Death, Part 2: Making matters even more awkward, the name Altria turns out to be already taken by Altria Healthcare, a firm based in Birmingham, Ala., that is not especially pleased to be linked to a noted producer of poor health.
... And 97 more. Lots of fun.
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