not enough people are saying Andy Yen did a Ratner and they should be
> After the speech, the value of the Ratner Group plummeted by around £500 million,
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@davidgerard I dunno, I feel like Ratner Ratnering Ratner Group could have gone just as good had he followed up with "this shouldn't be a surprise"; also the original statement denigrates a product but not the people as much as Yen's "loser thinking" breakdown did.
@davidgerard the CEO of a large corp has basically one job - convince investors that he has good judgment. Actually having and using good judgment is a bonus, but if "shareholder valuation" is your metric it's the perception of judgment that is most important
Breaking the illusion of good judgment and revealing yourself to be a lucky and/or ruthless idiot is how your board loses confidence in you (even when they know you're an idiot already)