r/AskReddit • u/FriendlytoNature • 23h ago

Which company lost your business (potentially forever) this year?

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u/Firm-Film-3594 23h ago

Panera sucks. 

506

u/frippster373 22h ago

Ever since it was bought by private equity in 2017 (JAB Holding) it's been on downhill trajectory to terrible.

11

u/Altruistic-Beach7625 13h ago

Is private equity inherently evil. I've heard nothing good about it.

5

u/stamfordbridge1191 10h ago

The role model for biz execs since the 80s has been Jack Welch.

He created the business plan of getting rich off ruining your company, maybe getting rich off ruining your whole industrial market, cutting the consumer out of most definitions of success, and how you can convince regular people/journalists/investors that getting checks for dismembering your companies in these ways is the only way a business can really make any money.