Monday, December 24, 2007

Ten Dumbest C.E.O. Moves of 2007


Whether strategically unwise, illegal, or just plain idiotic, here are 10 of the most regrettable moves made by chief executives in 2007.

When see-no-evil greed in mortgage lending practices caused global credit markets to seize up and very nearly brought some of the world's biggest banks to their knees, you know it's a propitious time to inaugurate a list of the dumbest executive moves of the year.

But boardroom blunders were hardly limited to Wall Street. Senior executives from coast to coast had plenty to be red-faced about in 2007.

Some were showering their significant others with too much money or not enough respect. Others were sticking with corrupt old practices they should have stopped, or bankrolling decadant new traditions that never should have started.

See full Article.