Thursday, January 01, 2009

Fortune 21 - who's the dumbest of us all?

by Capt. Fogg

What were the "dumbest moments in business" during the newly departed annus horribilis, asks Fortune Magazine, which lists their choice for the top 21 feats of stupidity in 2008. Was it the beggars from Detroit arriving in Washington in private Jets or the Man from Chrysler arriving the second time around in a bloated SUV hybrid scheduled to be cancelled? Can any of that compete with investing money with Bernie Madoff , ( number 17) or be more laughable than John McCain telling us the "the fundamentals of this economy are strong."only hours before the Dow fell 500 points on news of the Lehman bankruptcy? (number 13) Maybe number 21; PhilGramm's calling non-optimists a "nation of whiners" and his condescending dismissal of a troubled economy as a "mental recession" deserved to be on top.

It's hard to rank blunders so gross on any kind of scale. It's hard even to count them when the road to Black Monday was so long and so well paved with politics and patriotism and of course, funny as such pratfalls usually are, nobody can afford to laugh.

January may be a rough month "There's going to be a massive sea change in the retail landscape," said Nina Kampler, executive vice president of Hilco Real Estate, which advises retailers on their property management. and the likelihood is severe enough that even the mixed metaphor won't draw many giggles. All in all, this is not a good time to ask the mirror who's the dumbest of them all. It reflects us all equally.

Cross posted from Human Voices


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