Lessons to Learn From These 5 CEO Blunders
Bangalore: William Blake once said, “The errors of a wise man make your rule, Rather than the perfections of a fool”. The saying is undoubtedly true! But as they say, it is not always necessary to commit a mistake individually and then learn a lesson out of it. In business world it is said that “good judgment comes from bad experience, and a lot of that comes from bad judgment.” Only people like Mark Zuckerberg and Joe Ratterman experienced if the saying goes correct or not. Here are some dumbest business mistakes of the year 2012 made by few wisest people in the world, as listed by DailyFinance.com.
5. The Facebook fiasco
The Facebook IPO blunder must have enlightened the company CEO Mark Zuckerberg to think twice before he reaches any final decision. Mark’s instinct to bring more shares to the market and push the IPO price loaded the IPO offering with hitches till the edge.
Though Facebook attained $16 billion of fresh cash but regrettably it couldn’t fetch too many “shares” as it was expected. Furthermore a cluster of the company shareholders also filed a lawsuit against Facebook complaining that many of the secret information were leaked to big banks prior to the IPO.
For now the IPO blunder is cooled off but it served well to remind investors about the pros and cons of the companies changing form secondary market to publicly traded platforms.
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