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 24, 2012 2:00PM
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Corporations are not democracies, those are their strengths as well as its weaknesses. When you have an intelligent, benevolent dictator running the show (like say, Steve Jobs of Apple or Eric Schmidt of Google), the company can do remarkably well. However, once a dum-dum ends up in charge, things can go downhill pretty quickly (like Apple under Tim Cook now). On the other hand, because corporations are not democracies, they don't need as much consensus building as say, the US government, and is a lot quicker with decision and far more efficient as a result. Much of the US government's inefficiencies comes from the Constitutional requirement for consensus building. If the United States was a dictatorship, it would be operating much more efficiently, provided of course, that the leadership is a "benevolent dictator" rather than a corrupt one.
Dec 24, 2012 1:35PM
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Well, the Apple Maps disaster wouldn't have happened under Jobs' tenure, that's for sure!
Dec 24, 2012 1:25PM
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I think it's hilarious that some people are saying Romney has money making mindset, money making for who. The Republicans are just like the Hostess company, the top people in the company/country get richer, but let's let the already demoralized workers that's keeping this place running take the losses. We have a prime examples of how that is working in the country right now and still some are so blind that they can't see. There used to be a saying that is as old as the hills, YOU LEAD BY EXAMPLE!! Romney was a perfect example of how he would have led, 'ME FIRST, all the rest of you are expendable'.
Dec 24, 2012 1:11PM
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Why all the fuss about not taking a pay cut?  He came on board in February to help stave-off bankruptcy, which unfortunately could not be avoided.  $1.5 million per annum for a CEO/President of a major corporation is peanuts in today's business world.  
And, unlike 'Michael's' post of "Thur 12:07 PM,"  whose assumption that management cuts employee pay to garner large bonuses for themselves while killing the companies they run?  If you "kill the companies they run," one kills the goose that lays the golden egg.  No more executive salaries or bonuses because the company's out of business.  This makes no sense.  Nice try, Michael.    
Dec 24, 2012 1:01PM
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Why is it Bill Clinton gets a **** in the oval office and becomes a national hero, but we as a nation are so shocked and appalled when someone else does it?
Dec 24, 2012 12:55PM
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SOMEONE said--"THE PROBLEMS ARE DUE TO CORPORATIONS BEING TO TOP HEAVY'---while I may agree with that ---THE REAL PROBLEM is in OUR WHITE HOUSE---the MORON has NO CONCEPT of MONEY---SPEND is ALL THE MORONIC LIAR knows how to do JUST like the VACATIONS---the term is NEGRO RICH--with OUR MONEY.

 

EAST COAST has what for Christmas--a DESTROYED COAST--and the 1+ MILLION that this VACATION is costing us is a DIRECT slap in the face---OUR EAST COAST--is still WAITING for the help etc that this MORON promised --TO GAME and GAIN their VOTE---the PROPER thing for the MORONS to do is STAY in DC and get DONE what he SAID HE WOULD DO--

OH hell I forgot--the MORON only does things to GAME the SYSTEM,GAIN and or STEAL VOTES and ALWAYS breaks his promises--HIS WORD is and MEANS NOTHING!

Dec 24, 2012 12:45PM
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the description of this article only applied to about half its content...My reason for reading the article was the investigation of  HR anomalies.  We suddenly entered the realm of corporate fraud and executive incompetence.  What is the purpose of changing the focus of the presentation?
Dec 24, 2012 12:44PM
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seems to me people with money and alittle power make stupid mistakes
Dec 24, 2012 12:25PM
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Can you spell UN-EMPLOYEE, will guess most could not, union leaders didn't lose their Big Christmas Checks and your looking how your going to pay next months light bill   .Happy Holiday and have a Great New Years looking for a job, OH! there's alway Obama Care , you know the free stuff; stamps, cell phones, day care, ,like the black lady on Youtube said NO MO Lite bills to pay, just go to the mail box getts my govenment checks,  burns thems lites all night,  stand on the corner talks to my B.G.F. alnites on my free cell phone, sale my stamps getts me smoke's,free lunchs for my 7 no-daddy kids.............. HAPPY DAYS are here; aren't they??
Dec 24, 2012 12:01PM
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Did you notice that not one (OK, maybe Denny's) actually manufactures a product? They sell them our outsouce the manufacture of the product they sell.

 

Perhaps this is the issue in the US economy today? We sell "stuff" but we don't make it?

Dec 24, 2012 11:59AM
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Well I must admit that none of what I have read is surprising at all. In order for any one to put faith in today's large companies, insurance companies, banking  etc., or the 2 branches of our legislative government would have to be a complete moron.

 

I am not a cynical or bitter person but to actually put faith in the money hungry and self serving is just a set up to be SURPRISED or DISAPPOINTED. Don't do it to yourself.

 

It may come as a complete surprise that this not only happens in big business or the government but also in everyday families. I actually know an individual that has duke his mother in law and his very own children. So for me to think that people I don't know, actually would do the right thing or at least have REMORSE is just setting myself up for disappointment.

 

Now for all of you reading this and saying "Well he certainly is bitter and angry and out of touch with how the world works"  my answer to you is no I am not any of those things.

 

BUT if that is your response chances are you are part of society that belongs in the first paragraph.

 

Merry Christmas and May God Bless all of us.

 

 

Dec 24, 2012 11:56AM
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They're guys that are prime examples of double standards a--h--e.  He accepts donations from agencies that has a vested interest in his vote.  I fault the U.S. Senate and Congress for allowing this to happen.  If this isn't a clear case of buying favors, I don't know what is!  We also, allow elected officials leave office and get hired into companies/corporations that do business with the government.  You talk about insider trading huh! I'm not saying these people shouldn't be afforded the opportunity for gainful employment, but my God there should be a grace period between the service.  Many times these individuals are transacting business with people that were their subordinates and so forth.  Do we not see the connection here.
Dec 24, 2012 11:56AM
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Rayburn needs to shove a few boxes of Ding Dongs up his butt!
Dec 24, 2012 11:53AM
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Choosing "People - Who Willingly Perform Gay Activities" to REPRESENT A "FAMILY (man,woman, kids) Store" Is Really A Very Bad Business Decision.
Dec 24, 2012 11:47AM
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JC Penny realize America is broke by and large, the average consumer can get most of your products elsewhere for less, maybe not the same quality but in these harsh times that is and should be your bottom line. 

Revamp immediately,  if it does not sell don't keep it.  If your nitch does not work, lose it.  JC Penny may need to become the Wal mart alternative.  Bump up Service people, bump up everything doing with service.  Customers love being catered too, that is what has been lacking at discount stores.  They are known for Value not quality.  You can be both. 

Dec 24, 2012 11:45AM
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He got a 6.6 million dollar severance package!!!  And people wonder what's wrong with our economy and why the middle class is disappearing.  It's not to difficult to figure out.
Dec 24, 2012 11:45AM
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Yes, let's, in the spirit of our Christian nation, as the evangelicals in the old white men Republican Party say, let our neighbor die.  Forget that idiot who was beaten up by the side of the road, good Samaritan.  Obamacare, how horrible!  Who is my brother or sister?  Not my neighbor!  Why should I love my fellow man or woman as myself?  What does God know?  No, Money is God in America.  The hell with the poor, the suffering, the weak, the powerless, the whole of Chapter 6 of Matthew in the Bible.

Conservative "Christian" America, look in the mirror.
Dec 24, 2012 11:37AM
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This maybe why people shouldn't involve themselves with franchise companies.  The other franchises should be able to go after Metz or Denney's legally.  Number 1 even though you own the franchise there should be some ethics and guidelines all should have to follow.  If not and rogue franchises that cause others to suffer financial loses should be held accountable for their irresponsible actions.  The parents company shouldn't be let off the hook either.
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