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Steph McGovern

πŸ‘€ Speaker
2051 total appearances
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The Rest Is Money
273. How angry are business leaders with the government?

It's another one that I... It's that classic...

The Rest Is Money
273. How angry are business leaders with the government?

people lying on their CV or enhancing it or doing a blag on their CV, which, you know, actually there's been politicians who've been guilty of that as well.

The Rest Is Money
273. How angry are business leaders with the government?

But the former CEO of Samsonite, the fake luggage company, a guy called Ramesh, he often used doctor in his title.

The Rest Is Money
273. How angry are business leaders with the government?

And he did that on the basis that he said he had a doctorate in business administration.

The Rest Is Money
273. How angry are business leaders with the government?

You all know what's coming.

The Rest Is Money
273. How angry are business leaders with the government?

He didn't.

The Rest Is Money
273. How angry are business leaders with the government?

And the Samsonite board didn't check his credentials on this.

The Rest Is Money
273. How angry are business leaders with the government?

Now, you might think, does it matter?

The Rest Is Money
273. How angry are business leaders with the government?

But it did to an activist short seller who was who basically, for whatever reason, wasn't happy with the Samsonite boss.

The Rest Is Money
273. How angry are business leaders with the government?

And so he just did his own digging.

The Rest Is Money
273. How angry are business leaders with the government?

He rang the university that Ramesh had said he went to and he had enrolled in the course, but he never finished it.

The Rest Is Money
273. How angry are business leaders with the government?

And off the back of it, he was forced to resign.

The Rest Is Money
273. How angry are business leaders with the government?

The share price dropped in a matter of days, knocking, as we talk about, lots of money off the market valuation of the company.

The Rest Is Money
273. How angry are business leaders with the government?

And it was another disgrace.

The Rest Is Money
273. How angry are business leaders with the government?

And so these things, and again, that's the world's biggest luggage company.

The Rest Is Money
273. How angry are business leaders with the government?

I'm sure a man who'd been there for many years at Samsonite worked his way to the top.

The Rest Is Money
273. How angry are business leaders with the government?

And then just that one stupid thing of putting doctor in his title.

The Rest Is Money
273. How angry are business leaders with the government?

This episode is sponsored by Starling, the bank that helps you organize your money, build great habits and stay in control of your spending.

The Rest Is Money
273. How angry are business leaders with the government?

Now, I talk a lot about financial literacy and its importance in our economy, you know, giving people knowledge, but also confidence with money too.

The Rest Is Money
273. How angry are business leaders with the government?

And Starling reckons anyone can be good with money and you can start simply by checking your balance daily.