118 - $11 Million Lost In A Single Quarter. On Shrimp

We go back to 1901 where JP Morgan buys Carnegie Steel for $480 million without spending a penny of his own money and creates the world's first billion dollar company. Then to the 60s, where a cockroach extermination company gets killed by a corporate cockroach. Then to Red Lobster, where a private equity firm sells the land under every restaurant for $1.5 billion, charges them rent on their own buildings, and forces them into a $20 bottomless shrimp deal that loses $11 million in a single quarter. The papers said competitive eaters killed it. They didn't.Also: why there are no crazy inventors anymore, why Bluetooth is still rubbish in 2026, dentists as the new big pharma, French mustard crisps, and the Creature of KelhamThe Depressed CEO Podcast — new episodes every week.-------------Thanks for listening make sure you follow us on our socials. Sign up to our Patreon where members get an exclusive extra monthly episode plus bonus content.-------------Patreon:https://www.patreon.com/depressedceospodcast Hosted on Acast. See acast.com/privacy for more information.