Steph McGovern
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It's another one that I... It's that classic...
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.
But the former CEO of Samsonite, the fake luggage company, a guy called Ramesh, he often used doctor in his title.
And he did that on the basis that he said he had a doctorate in business administration.
You all know what's coming.
He didn't.
And the Samsonite board didn't check his credentials on this.
Now, you might think, does it matter?
But it did to an activist short seller who was who basically, for whatever reason, wasn't happy with the Samsonite boss.
And so he just did his own digging.
He rang the university that Ramesh had said he went to and he had enrolled in the course, but he never finished it.
And off the back of it, he was forced to resign.
The share price dropped in a matter of days, knocking, as we talk about, lots of money off the market valuation of the company.
And it was another disgrace.
And so these things, and again, that's the world's biggest luggage company.
I'm sure a man who'd been there for many years at Samsonite worked his way to the top.
And then just that one stupid thing of putting doctor in his title.
This episode is sponsored by Starling, the bank that helps you organize your money, build great habits and stay in control of your spending.
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.
And Starling reckons anyone can be good with money and you can start simply by checking your balance daily.