Sage advice from tailors that should be adapted for business

In February 2024, the ride-hailing company LYFT issued an earnings press release that had a single one-stroke typo that in minutes rocked the company's stock price. Here are similar mind-numbing indiscretions that ended the climb up the corporate ladder for some. * In 2020, Citibank accidentall...

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Veröffentlicht in:Smart Business Pittsburgh 2024-05, Vol.30 (10), p.15-15
1. Verfasser: Feuer, Michael
Format: Artikel
Sprache:eng
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Zusammenfassung:In February 2024, the ride-hailing company LYFT issued an earnings press release that had a single one-stroke typo that in minutes rocked the company's stock price. Here are similar mind-numbing indiscretions that ended the climb up the corporate ladder for some. * In 2020, Citibank accidentally processed an interest payment, transferring a whopping $900 million to lenders that was supposed to be only $8 million. * Samsung Securities, not to be outdone by Citi, the third-largest bank in the U.S., topped the bank's debacle with an erroneous $105 billion payout, thirtythree times higher than intended. * Alitalia Airlines omitted two extra digits when pricing business-class airfare from Toronto to Cyprus, resulting in posting a price of about $33 instead of $2,558. Serving on a number of boards, Michael is a frequent national speaker, and author of the business books "The Benevolent Dictator" and "Tips from the Top."
ISSN:1544-8711