4. Firestone
The company was known for producing car tires and was on its peak until it came out that the rubber came off the tire when the it was used. Even though this is a serious safety concern, Firestone kept producing them until the Government and consumer groups intervened.
Initially, the company blamed the consumer, however, it was discovered that the company was at fault and they had known about the issues for quite some time.
This led to a lawsuit and later the company was bought at an auction by Bridgestone.
5 thoughts on “6 Decisions That Destroyed Successful Companies”
You should add Verizon and Disney to the list of politically incorrect companies that will fall soon
This is a great article. It really proves honesty is the best policy. The common thread for these companies failing was greed .
You’re proof that what a fool believes they see. The author barely explained most of the things on this list… meanwhile I’m sure you’re a completely honest person who has never profited at someone else’s expense
Motorola and Kodak sniffed around a digital segment merger but neither “Legend in Their Own Mind” could make it happen. A tragic U.S. missed opportunity
Amazing how Disney’s pandering and the CEO of Wizards of the Coast ruining the company in less than three years somehow avoided your poorly written and explained list. Given how you’re actually foolish enough to believe Russian propaganda led to Trump’s 2016 victory it’s obvious why (you and your ilk also try to ignore the fact that our economy was strongest in decades under Trump and was absolutely ruined by Biden and Harris… which you trash seem to think was some kind of savior and cry because she lost the election despite a track record of incompetence)