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101 DUMBEST MOMENTS IN BUSINESS.

Authors :
Horowitz, Adam
Jacobson, David
Lasswell, Mark
Thomas, Owen
Source :
Business 2.0; Jan/Feb2006, Vol. 7 Issue 1, p98-136, 11p, 41 Color Photographs
Publication Year :
2006

Abstract

This article presents information on dumbest moments of 2005 in various businesses in the U.S. The judge in billionaire Ronald Perelman's lawsuit against Morgan Stanley & Co. Inc., exasperated by the latter's delays in handing over documents, instructs jurors to assume that the firm committed fraud. The bank insists it isn't stonewalling, just running into technology glitches. The jury awards Perelman, who had sued Morgan over its role in his sale of Coleman to Sunbeam for stock that became worthless after an accounting scandal led to bankruptcy, $1.45 billion in damages. In May the PDA says that it's received 40 reports of sudden blindness in men taking the impotence drugs Cialis, Levitra, and Viagra. Amid a rising tide of child obesity, General Mills Inc. launches a campaign that touts the health benefits of not skipping breakfast, and opting for such famously healthy foods as Cocoa Puffs and Count Chocula. Radio station WQHT Hot 97 in New York City runs afoul of New York Attorney General Eliot Spitzer with its Smackfest promotion, in which young female listeners are pitted against each other in a violent face-slapping contest to win concert tickets and cash prizes.

Details

Language :
English
ISSN :
15381730
Volume :
7
Issue :
1
Database :
Complementary Index
Journal :
Business 2.0
Publication Type :
Periodical
Accession number :
19622605