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One of the Most Shocking Things I've Ever Seen a CEO Do in a Company
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Manage episode 422472794 series 3470006
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A significant credit card fraud issue emerged, and the CEO's response was shocking. Instead of enhancing verification for valid transactions, they disabled address verification to artificially boost revenue. This shady decision led to a surge in fake transactions and chargebacks, severely compromising the company's integrity and resulting in substantial financial losses. Meanwhile, the executive benefited from incentives tied to the inflated revenue.
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