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Barclay chief's gaffe recalls Ratner howler - October 2003


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They call it 'doing a Ratner' - in memory of the famous gaffe committed by Gerald Ratner back in 1991, when he admitted selling "crap" in his High Street shops.

 

Now the boss of the UK's largest credit card company has done it in such a spectacular fashion that it left business observers open-mouthed.

 

Barclays chief executive Matt Barrett candidly criticised his own product, suggesting that the astute consumer would do well to steer well clear of it.

 

 

Full story and source:-

http://news.bbc.co.uk/1/hi/business/3199822.stm

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