Embarrassingly Dumb Business Decisions - Corporate Darwin Awards

Everyone makes mistakes, but certain companies have done some pretty stupid, illogical things to maximise profits. Here are some embarrassingly stupid corporate decisions that bankrupted companies.

Legal Stuff.

[BeAmazed]

Sorry if some of you have already seen this video! I had to take down the previous version and fix a mistake which is why its being re-uploaded.

[tijn]

Thanks for the info about the airbags. Didn't know my car had a recall until watching this video. Just got the airbags fixed yesterday.

[MetalHeadReacts]

Funnily, i used to work at both Kodak and Blockbuster... I actually quit both jobs mere weeks before they collapsed without the knowledge that they were about to go under.

[princecharon]

The PCA one is impressive, in that a CEO actually got convicted and is doing serious time.

[aussiebird]

I took an accounting law course in college. If I remember right, the reason blockbuster turned down Netflix was because it had plans to make its own streaming platform partnered with ‘large, stable and successful company’ Enron in a 20 year contract signed in 2000. And as you see in the video, 2001 Enron was a bit of an issue. This made blockbuster fall behind in R&D and funding.

[alanbiker]

The Virgin vs Coke failure was coke pressuring companies not to stock virgin. That's coercion. Isn't that illegal?

[ChaeNels]

I just want to say, I never thought a Youtube video would help me with my Business homework. I'm taking a Quality Managment class and " the Schlitz Mistake" just helped me out as a good example for the topic this week lmfao

[jonny]

The virgin cola wasn't an embarrassing mistake it was an example of one giant corporation exerting its monopolistic dominance on the market.

[CommodoreFloopjack]

Man, I still miss Blockbuster and Borders. Those were my homes-away-from-home for years.

[LoaderK]

As a video game nerd, I'm disappointed that Sega's tomfoolery between late 1994 and early 1998 wasn't on this list. Other than that, great video.

[pandahungry]

Enron doesn’t count as the entire company was a scam from the start. The rest were legitimate companies that just made bad decisions

[truthseekermedia]

Some go big and lose it ALL. That’s why most simply stay home and eat chips instead.

[ossen]

Easy to be after wise.
*There is a fine line between genius and madness.*

[mrb-bond]

Who would remember when your mum of dad said your going to blockbuster. I was already in the car

[ftmschftmsch]

I miss Virgin cola. Used to drink it when visiting London.

[reddragon]

I have to agree that PCA is the winner. It's NEVER a good idea to kill off customers just to make a profit, something Takata should have learned early.

[carstenpeder]

It takes 10 years to build a company .And 10 minutes to destroy it

[Springdude]

And let's not even jump into what Nickelodeon has done.

[paulbrower]

The most basic rule of business is:

DO NO HARM TO YOUR CUSTOMERS.

Kellogg's Corporation got some of the bad peanut butter, rejected it, and kept records... and took revenge by filing criminal charges against Peanut Corporation of America.

[NK-iwrq]

Wow the PCA ceo was sentenced to life in prison ? That's hard to believe, I can't remember the last time outside of Bernie Madoff and this guy where a top level exec of a company was actually punished for irresponsible decisions. In the 2008 recession, it seemed those same execs were given bailouts instead.