101 Dumbest Moments in Business
I've just been reading the 2005 annual review of the most shameful, dishonest, and just plain stupid moments of the past year. (By Adam Horowitz, Mark Athitakis, Mark Lasswell, and Owen Thomas)
Some of the "moments" are funny, some are nauseating
Example One : James Joseph Minder, chairman of gunmaker Smith & Wesson, is forced to resign when newspaper reporters discover that, before becoming a corporate exec, he'd spent 15 years behind bars for a string of armed robberies and an attempted prison escape.
Example Two When you're a bike-lock maker whose slogan is "Tough World, Tough Locks," it doesn't get much tougher than finding out that most of the locks you've been making for the last 30 years can be picked with a Bic pen. That, sadly, is what happens to Ingersoll-Rand subsidiary Kryptonite in September, after bloggers begin posting videos showing just how easy it is to pop open the company's ubiquitous U-shaped locks
Example Three A clerk at the Fashion Bug store in Greensburg, Pa., accepts a $200 bill—and gives the customer $100.58 in change—even though the bill is festooned with clues that it might not be legal tender, including a picture of President George W. Bush and the serial number DUBYA4U2001.
101 Dumbest Moments in Business
I've just been reading the 2005 annual review of the most shameful, dishonest, and just plain stupid moments of the past year. (By Adam Horowitz, Mark Athitakis, Mark Lasswell, and Owen Thomas)
Some of the "moments" are funny, some are nauseating
Example One : James Joseph Minder, chairman of gunmaker Smith & Wesson, is forced to resign when newspaper reporters discover that, before becoming a corporate exec, he'd spent 15 years behind bars for a string of armed robberies and an attempted prison escape.
Example Two When you're a bike-lock maker whose slogan is "Tough World, Tough Locks," it doesn't get much tougher than finding out that most of the locks you've been making for the last 30 years can be picked with a Bic pen. That, sadly, is what happens to Ingersoll-Rand subsidiary Kryptonite in September, after bloggers begin posting videos showing just how easy it is to pop open the company's ubiquitous U-shaped locks
Example Three A clerk at the Fashion Bug store in Greensburg, Pa., accepts a $200 bill—and gives the customer $100.58 in change—even though the bill is festooned with clues that it might not be legal tender, including a picture of President George W. Bush and the serial number DUBYA4U2001.
101 Dumbest Moments in Business
posted by Susanna Duffy @ 6:43 AM
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