Planet Money

J. Screwed

20:55 | May 23rd

9 recommendations

This month, J.Crew went bankrupt. But not before inventing a whole new way of thinking about promises to lenders....Show More


Recommendations

bigfoot_skeptic recommended:May 23rd

The story of J.Crew's bankruptcy is one of sleazy business practices.

danny recommended:May 24th

Damn. This was a good one.

I thought this episode was:

💡 Educational

mmMay 24th

@danny I *just* listened it too.

mm recommended:May 24th

I'm a Jenna Lyons fan even though I'm not a J. Crewer. Very interesting to hear J. Crew becoming J. Screwed thanks to private equity, lots of debt, glue, and some funky paper fiddling. Even Jenna Lyons' coolness couldn't save the co from its shadiness.

I thought this episode was:

🥜 Nuts
🤯 Unbeliveable
🕵️‍ Well-researched

mmMay 24th

@aninatd @jennx This episode about J. Crew become J. Screwed is very good.

aninatdMay 24th

@mm thanks for the rec, adding to my queue!

auraMay 24th

@mm Thanks for the rec. My husband worked there for 20 years and I just shared it with him.

mmMay 24th

@aura So curious what you both think!

auraMay 31st

@mm We learned something new about the private equity trap door trick. Interesting that something like that is legal.

kimwaudio recommended:May 24th

Always check the fine print! You might find a loophole in your favor. But, don’t alienate your customers in the process.

I thought this episode was:

💡 Educational
🧐 Intriguing
🤔 Thought-provoking
🤯 Unbeliveable

aninatd recommended:May 24th

Great episode! Your customers are smart, you can’t just go with a lower quality product at the same price and assume they won’t notice. One of the things that has brought J. Crew to bankruptcy. I’m interested to see if they’ll turn it around.

I thought this episode was:

💯 A must listen
🤔 Thought-provoking

mmMay 24th

@aninatd Glad you enjoyed it! Thanks to @bigfoot_skeptic for the initial recommendation. I'm super curious what Jenna Lyons' second act will be.

phocks recommended:Jun 9th

Resisted this episode because I'm not too interested in finance etc but this was pretty interesting how brands manipulate things to try to screw people. But people are pretty cluey.

I thought this episode was:

🧐 Intriguing
🤔 Thought-provoking

namu recommended:Jun 9th

A fascinating combination of investigative journalism and storytelling on podcast format. Planet Money molded events in understandable and logical sequence that I didn’t get distracted while listening, which is pretty rare. To be honest, I admire how much legal hoops they went through to buy some ...Show More

I thought this episode was:

🤔 Thought-provoking

mmJun 9th

@namu Hah! +1 on the admiration on the legal hoop jumping.

Playlists Containing This Episode