Business Idiocy/Comedy

January 26, 2006

Business 2.0 has its new 101 Dumbest Moments in Business posted.

(excerpt)

Winner, Dumbest Moment, Investor Relations:

"Over the course of 2005, Overstock.com CEO Patrick Byrne issues
increasingly shrill pronouncements about nefarious short-sellers
driving the company’s stock into the ground. After listening to an
Overstock conference call with investors in August, Dallas Mavericks
owner Mark Cuban posts to his blog a list of the topics Byrne covered: ‘Miscreants; an unnamed Sith Lord he hopes the feds will bury under a
prison; gay bath houses; whether he is gay, does cocaine, both, or
neither; phone taps; phone lines misdirected to Mexico; arrested
reporters; payoffs; conspiracies; crooks; egomaniacs; fools; paranoia;
which newspapers are shills and for who; money laundering; his Irish
temper; false identities; threats; intimidation; and private
investigators. All in 61 minutes.’ Cuban then short-sells 10,000 shares
of Overstock."

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