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Corporate Gossip

Bed Bath & Broke

Corporate Gossip

Becca Platsky

Society & Culture, Business

5.0590 Ratings

🗓️ 4 November 2022

⏱️ 49 minutes

🧾️ Download transcript

Summary

No it's not an episode of succession, but it feels like one. This story has billionaires, nepotism, betrayal, criminal accusations, and COUPONS! 

We're on Youtube!! 

Support the pod by buying us a coffee

Check out our reading list 

Tiktok: @corporategossippod

Hosts: Becca Platsky (Becca@nitetoast.com) Adam Platsky (Adam@nitetoast.com

Produced by: Michael Albanese @bigmanmike

Timestamps: 

01:00 - Background 

04:12 - BBBY CEO Steve Tamaras stupidly overpaid 

08:00 - Activist investors kick out the CEO 

14:15 - Nepotism!! 

19:50 - Activist investors kick out ANOTHER CEO

26:50 - BBBY as a meme stock and r/wallstreetbets 

40:50 - SEC investigations, death of BBBY CFO

44:50 - Takeaways

Thank you for listening!! Please send me an email becca@nitetoast.com

Transcript

Click on a timestamp to play from that location

0:00.0

From Nighttoast Media, this is the Corporate Gossip Podcast, Episode 3, Bed Bath and Broke.

0:15.9

Welcome to the Corporate Gossip Podcast.

0:18.3

We're back for episode two.

0:19.8

This is Bed Bath and Beyond. I'm

0:21.9

Becca Platsky, your host. And I'm here with my brother Adam Platsky. Hey there. All right. So

0:27.3

today we're talking about Bed Bath and Beyond. If you're ever in your mom's car and you open up

0:31.9

the glove compartment, you will see many blue pieces of paper coming tumbling out,

0:38.2

and you can take those blue pieces of paper to Bed Bath and Beyond,

0:41.9

where you can get 20% off anything.

0:44.4

And they have a lot of things.

0:46.4

It is stacked to the ceiling with bedding, sheets, cookware,

0:51.7

anything that you could possibly need for the home,

0:53.8

and that's their whole thing, Bed Bath and Beyond. They also have as seen on TV products. Oh, the best as seen on TV section for sure. We're going to dive right into it. We're going to do a quick background on Bad Bath and Beyond before we get into the gossip, the corporate tea of it all. And this is, was surprisingly juicy. When I started

1:11.5

researching this episode, I wasn't sure what I was going to find, but there's a lot here. So let's

1:16.2

get into the background. So bed, bath and beyond is founded in 1971 as bed and bath. The beyond

1:22.0

came later in New Jersey by Leonard Feinstein and Warren Eisenberg. They met working together

1:27.3

at a discount store and realized they could do something bigger and better.

1:31.3

So they were really at the forefront of the superstore movement.

1:34.3

So the superstore that you're walking in today, that's pretty much the model they have always had.

1:40.1

And it really inspired stores like Target and Walmart Supercenter for having everything you could

1:46.6

possibly need in one place. It was the true one-stop shop pre-Amazon. So Bad Bath and Beyond

1:52.7

really does two things right, right off the bat. They understand the customer really well.

...

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