Business 2.0 has released it’s 101 Dumbest Moments in Business for 2002. Of course, Enron makes it’s appearances. Some of my favorites:
20. The Gartner Group issues trading cards featuring its analysts.
34. Sept. 11 Inc., Some Things Are Better Left Unsaid Division: The October issue of the Association of Lloyd’s Members newsletter announces that the terrorist attacks represent a “historic opportunity” for insurance underwriters to make money.
82. After 18 months at Webvan, overseeing a stock plunge of more than 99 percent, CEO George Shaheen resigns from the online grocer in April 2001, receiving a pension that pays him $375,000 per year for life. The only saving grace: Webvan goes bankrupt three months later, rendering it unable to pay Shaheen’s pension.
There’s more, some too good (er, bad?) to be true.