MF Global CEO (and former Goldman Sachs CEO, and former New Jersey CEO) Jon Corzine resigned this morning, which is what you do when your company goes bankrupt. Oh, MF Global went bankrupt earlier this week. We hope you’re getting your breaking financial news from sites that update every day. Anyway, MF Global found itself [...]
Entries Tagged as 'fail'
Netflix Apology Letter and Qwikster DVD Spinoff
September 19th, 2011 · No Comments · breaking news, fail, retail
Reed Hastings, CEO of Netflix, sent me a nice apology letter this morning. Here’s some of it: I messed up. I owe you an explanation. It is clear from the feedback over the past two months that many members felt we lacked respect and humility in the way we announced the separation of DVD and [...]
Tags:epic fail·lol·social media
Bank Of America Ranks First In Something
September 12th, 2011 · 2 Comments · all ur bankz, fail
Taking the award for the most layoffs so far this year, a title previously held by Merck – it’s Bank of America ($BAC)! They’ve confirmed 30,000 layoffs: “As the decisions are implemented, employment levels in the areas under review during Phase I are expected to be reduced by approximately 30,000 jobs over the next few [...]
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Labor Day: We Have Today Off, Markets Not So Much
September 5th, 2011 · 2 Comments · fail
What’s that delicious charred smell? Well, in my backyard it’s a 2″ thick new york strip but everywhere else around the world, it’s the scent of the major indices burning off a few percentage points. Expect a spillover in the US tomorrow: European stocks dragged global equities down along with them all day Monday as [...]
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Epic DOW Drop Is Epic – You See What Happens?
August 8th, 2011 · 5 Comments · breaking news, cnbc, fail, jim cramer, markets
Remember when the DOW dropped 500 points last Thursday? Remember when “people” were saying “Hey, there, kid! It’s a tremendous buying opportunity! Oversold!! Buy the dip!!” Well, I really hope you didn’t listen. Because falling knives are really sharp. Since the United States got downgraded Friday by S&P from AAA to AA+, things have taken [...]
