GE was America's most admired company — then its own conglomerate model destroyed it
Jack Welch made GE a $600B conglomerate. His successors couldn't manage it. By 2018 GE was split up, the stock down 75%, and the dividend was cut.
Leer el casoFracasos empresariales, decisiones costosas y las lecciones que dejan.
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Jack Welch made GE a $600B conglomerate. His successors couldn't manage it. By 2018 GE was split up, the stock down 75%, and the dividend was cut.
Leer el casoGoogle launched Stadia in 2019 with a custom controller and exclusive studios. By 2022 it was dead: no games, no users, no refund questions.
Leer el casoSnapchat merged friends and media into one feed. Users revolted, a Change.org petition hit 1.2M signatures, and Instagram Stories accelerated past it.
Leer el casoSwatch Group's CEO dismissed smartwatches as a passing fad. Apple Watch revenue now exceeds the entire Swiss watch industry's exports.
Leer el casoEstée Lauder derived ~30% of revenue from travel retail, mostly Chinese shoppers. When the rebound stalled, the stock lost over half its value.
Leer el casoA livestream host called critics 'lazy' for questioning Florasis's pricing. The backlash turned into a national debate about domestic brand premiums.
Leer el casoIn 2022 Gap Inc. announced a plan to spin off Old Navy as a separate company. The stock fell, the plan was scrapped, and the CEO departed.
Leer el casoYatsen Holdings spent over 60% of revenue on marketing to build Perfect Diary. The brand grew fast but never made money, and the stock crashed 90%.
Leer el casoTiffany's sales stalled for years as the brand failed to attract younger buyers. LVMH paid $15.8B, replaced the team, and tripled the marketing budget.
Leer el casoLeEco, the Chinese group behind LeTV, expanded into phones, TVs, sports and cars at once. It ran out of cash in 2016; its founder fled to the US.
Leer el casoLuckin Coffee, the Chinese chain that took on Starbucks, fabricated 2.2B yuan (~$310M) in sales. Exposed in 2020, delisted from Nasdaq, it survived in China.
Leer el casoofo raised billions for dockless bike-sharing and burned it in a subsidy war. When funding stopped, millions waited for deposit refunds that never came.
Leer el casoA 90-year-old beauty icon crushed by acquisition debt and unable to keep up with indie brands and e-commerce. Revlon filed for bankruptcy in 2022.
Leer el casoDecades of 'Angels' and a narrow ideal of sexy couldn't survive a culture shift toward inclusivity. The fashion show was cancelled in 2019.
Leer el casoFor over a century Avon sold cosmetics through its door-to-door 'Avon ladies.' As shopping moved online, sales fell for years; Avon went bankrupt in 2024.
Leer el casoHealthSouth, a hospital and rehab chain, overstated earnings by about $2.7 billion for years. Its founder was acquitted of fraud but later convicted of bribery.
Leer el casoIn 2013 hackers used an HVAC vendor's credentials to breach Target, stealing 40 million card numbers and data on 70 million customers. The CEO resigned.
Leer el casoFor decades Encyclopædia Britannica sold its famous sets door to door. Microsoft's Encarta CD-ROM, then the internet, destroyed that model; print ended in 2012.
Leer el casoTupperware built an empire on its famous home parties and plastic containers. As shopping moved online and the parties faded, sales fell for years; it filed.
Leer el casoIn March 2008 Bear Stearns, a top investment bank, ran out of cash after betting heavily on subprime mortgage securities. JPMorgan bought it for $2 a share.
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