10 worst business moves of 2012

Here are some of the biggest, most embarrassing missteps made by corporations in the past 12 months.

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VIDEO ON MSN MONEY

252Comments
Dec 20, 2012 12:07PM
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Seriously! Didn't any of you take an economics' class? This is not about the poor hating the rich. This is about corporations being too top heavy.  There is no way a company or corporation can be profitable when you pay management and executives 2/3's of all pay. Get real, the employee's  and management make a company. If management gets greedy and cuts down on valued employee's then the business will suffer. What we have here is very bad management making very stupid decisions so they can get their bonuses and kill the companies they run.
Dec 19, 2012 9:53PM
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Like this is something new!  What about pay freezes and hourly cuts since the economic break down, or for that matter, for any reason(greed).I'm sure plenty of  CEO's and upper management didn't give up their pay, perks and bonuses! In fact, I would go as far to say, that the wage freezes and hourly cuts were to keep their fat income. Why pick on this guy? Be fair and bring out all the greed going on! You won't have to search to hard or to far. It's the trend, a way of company life now. It's the" ME GENERATION" all grown up now, and isn't that attitude doing wonders for our country and the majority of people in it!
Dec 24, 2012 7:51AM
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The only one worth commenting on is the selfish pig from Hostess. What a money grabbing SOB. No wonder the company was in such bad shape. He qualifies for a Congressional appointment in DC.
Dec 24, 2012 8:08AM
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Huge blunder for Radio Shack: Putting all their eggs in the cellular phone basket. Then insituting a slash-and-burn by doing away with commisions except on said phones leaving employees no incentive to sell. Holding employees to incredibly ridiculous sales quotas based on completely manufactured numbers. Threatening managers every day with termination. All this to the point that employees have to lie and cheat customers--especially the elderly and customers whose primary language is not English. Carrying poducts completely outside the scope of what RS was always known for and then blaming employees because customers don't want junk marked up 70% or more. Why should customers pay $50 for a cable they can buy online for $12 including shipping? Very sad that this once great company is no more than a cel phone hut.
Dec 24, 2012 10:22AM
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Did anyone really think Facebook would be a good investment??? It's a bunch of kids (mostly) using it who don't care what your advertising!!! What a bunch of dopes, hahaha!
Dec 24, 2012 9:52AM
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Here's the biggest business blooper that fooled the public and sullied the reputation of an entire industry; an industry that is supposed to represent the truth to and for the public

 

THE MEDIA: YOUR BIAS AND AGENDA DURING OUR ELECTION THIS YEAR MANIPULATED TRUTH ANDLIED TO THE PUBLIC FOR THEIR OWN AGENDA; IRRESPECTIVE OF THE TRUTH THAT THE AMERICAN PUBLIC NEEDED TO MAKE "HONEST" "FACT-FILLED CHOICES

 

And for that the Media should be ashamed of themselves, duping the public and all that

Dec 24, 2012 6:16AM
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Yeah and this Ding Dong tried to blame it on the unions instead of his cr@ppy management decisions.   
Dec 24, 2012 5:53AM
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I can'r believe the Penny's Board hasn't made a change yet. Do they have suicidal tendencies?
Dec 24, 2012 5:13AM
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Went to JC Penny to see if their prices were better than the sale price at Macy's or Kohl's...everything was more expensive on the same exact item. Americans want to know they're getting a deal, so unless you're actually beating price on every item at a competitor's sale price...you're doomed.
Dec 24, 2012 7:48AM
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Denny's food  stinks. They were the primary reason I decided that restaurant breakfasts are the most expensive and least satisfying restaurant meals. Breakfast is easy to prepare at home and you can have a huge home cooked breakfast for less than a dollar. If you must eat on the go, you can't beat McDonalds for 2 bucks instead of 12.

 

This last political season also brought out the business vermin who displayed their "screw the consumer" positions. Makes it easier for me to decide where NOT to spend my money.

Dec 24, 2012 8:29AM
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It's called expenditures.  Unfortunately, we as people are expendable.  How many men and women work their way up to the top, only to train their twenty year-old, just graduated from college, no-experience having, snot nosed kid as their replacement.  Why would a corporation or any company for that matter pay someone who has a PhD, when they can pay the lesser and have the better train their replacement.  Don't knock Wal-Mart too hard,...........it may be the only place to give you a job in your later years!

 

Dec 24, 2012 10:38AM
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One thing is constant Executives win either way, with a huge parachute or if it works huge rewards cutting into the profits, they never lose. meanwhile the employees are cut, it's the easiest way to make a profit when you yourself fail in management, They must meet a growth target one way or another so companies are cutting, hiring part time much less experienced employees making customers mad and not buying from them again, It all comes to a head the company closes and the Executives make millions closing it down and move on to another company by using their buddies on the board of directors.
Dec 24, 2012 10:13AM
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To Brian Dunn - Former CEO of Best Buy, mmm mmm mmm nothing like the smell of double chinned ball sweat and money, eh?
Dec 24, 2012 9:15AM
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Denny's remodeled here. They lost most of their employees. They really suck here now.  Grumpy service and cold bad food.
Dec 24, 2012 10:25AM
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Funny AT&T did not make the list, 5 billion lost in the T-Mobile debacle, the CEO was penalized by the losing 2 million off his 22 million bonus.
Dec 24, 2012 8:14AM
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In the end, it doses not  matter who is in the White House. It is ALL out of control and out of the hands of the taxpayer. Talk about real "taxation without representation", well here it is again.

Romney at least has a "money making" mentality, instead of just "money taking ".

We will get tax increases to pay for government not doing their job in protecting the tax payers. The bailouts were proof of this," to big to fail....and nobody went to jail".

Dec 24, 2012 9:37AM
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I haven't been in a Denny's in over ten years.  The service was that bad the last time I went there.  But I do understand the angst over the ObamaCare costs.  I wouldn't necessarily highlight it on the bill, but you know restaurants all over are jacking up their prices to cover these costs.  Can't blame them for that.  OK, you could argue with me that the federal  government is not a business and the decision was not made in 2012, but I still vote for ObamaCare as the worst business decision of 2012.
Dec 19, 2012 9:26PM
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I didn't bother to look at your slides. Business in America is Terrorism today. To say that one made a worst move than another has only the stock market as a judge and jury. The sum total advances for the markets was pedicated purely on fiat money printing, not any enterprise. You can't name any business that hired workers at family sustaining wages, established factories, cooperated with unions, made it here instead of importing and didn't pay more for personnel than it did for retained pariah assigned to manipulate legalese, skip out of tax liability and play with trades instead of building a better mouse trap.

 

American Corporations are cancer to America today. Fewer people work in them. Look for one decision in 2013 from Americans tired of hired-in lowlifes--- we'd rather start over than roll over. You know what you can do with your trademark protected job exported product imported brand platform.

Dec 24, 2012 10:48AM
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this goes back to the 60s just before our government murdered John F. Kennedy there was money to be made in war remember Vietnam today's workers are the modern-day slaves and this has nowhere to go but down. Republicans run big business in fact I believe they run about 90% of today's businesses. There was a time when a fair profit was good for a company today they try to get every dime they can from consumers, hidden extras, surcharges, the best example I can think of is the insurance companies the head of AAA auto insurance was quoted as saying profits are not made by paying claims! or the clever little things like charging more because your credit rating dropped Even the democratic unions have allowed companies to higher new employees at half price with no benefits calling them temporary workers working them seven days a week 10 and 12 hours a day (Lear) (class warfare) no this is the final rape of America. Can you say revolution. I truly believe that Congress and the Senate should be tried for treason in military court and I haven't even touched on this scum that call themselves lobbyist how many people know that Vietnam is now a favorite trading nation? we need a leader but just like John Kennedy this government would kill him.
Dec 24, 2012 5:58AM
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Ah, IPOs can be so exciting.. but one must produce results.
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