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The Crazy Rise of Crazy Eddie: How an Electronics Store in the 80s Tricked Investorsby@strateh76
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4,098 reads

The Crazy Rise of Crazy Eddie: How an Electronics Store in the 80s Tricked Investors

Too Long; Didn't Read

In 1984, Crazy Eddie's electronics store launched a major IPO. The company had annual revenues of about $134 million - today, it's around $372 million. It was a cultural sensation thanks to ads that were parodied even on the comedy show SNL. To avoid paying taxes, the head of Crazy Eddie hid profits, paid "black" wages, and fooled auditors by introducing them to the store's female employees. But in the end, he failed because of competitors and a split in the family.

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Shariy Ivan | Content marketer & Copywriter HackerNoon profile picture
Shariy Ivan | Content marketer & Copywriter

Shariy Ivan | Content marketer & Copywriter

@strateh76

I`m a content marketer from Ukraine, specializing in blogs. I work in IT, crypto, and marketing niches. You can DM me.

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Shariy Ivan | Content marketer & Copywriter HackerNoon profile picture
Shariy Ivan | Content marketer & Copywriter@strateh76
I`m a content marketer from Ukraine, specializing in blogs. I work in IT, crypto, and marketing niches. You can DM me.

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