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Current DateTime: 11:24:40 23 Nov 2009
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Current DateTime: 11:24:40 23 Nov 2009
LinksList Documentid: 31388237
Expiration DateTime: 11/23/2009 11:27:17 AM
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Funny Business

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Apr.09
11:15 AM ET
Thursday, 9 Apr 2009
The Call Of Shame

Call of Shame
CNBC.com

Short week, long list. Here are our nominees for the lowlights from the realms of the rich, followed by our choice for winner. Vote for your own choice below

SUN MICRO-STUPID?

Long struggling Sun Microsystems [JAVA  Loading...      ()   ] balks at a $7 billion takeover offer from IBM [IBM  Loading...      ()   ]. Some believe this could mean the end of the road, an unprofitable Sun-set. What are they drinking in their Java?

TEARS FOR JEERS

An emotional Allen Stanford tells ABC News [DIS  Loading...      ()   ] that charges he bilked investors out of $8 billion is a bunch of "baloney". Accusations that he laundered money for Mexican drug cartels made him especially upset. "If you say it to my face again, I'm gonna punch you in the mouth."

CRIME PAYS

Tax revenues are so low out west that California and Nevada are letting some criminals walk free rather than pay the $10,000 per prisoner it often costs to extradite them. There's even talk in some places of suspending the death penalty...due to cost.

BALK THE LINE

Yankees pitcher Joba Chamberlain was arrested for drunk driving last fall, but video of his field sobriety test was made public this week. Inside the squad car he complains about New Yorkers ("They might hit you") and Yankees legend Yogi Berra ("He might not be as tall as the front of your door"). As Yogi once said, "All pitchers are liars or crybabies."

CH CH CH CHEESY

Chia Pet releases the Chia Obama (see my previous post), calling it "patriotic" to sell busts of our new President with plant material growing out of his head. Walgreens [WAG  Loading...      ()   ] pulls them from shelves after complaints.

And the winner is...

MURKY MERKIN

Ezra Merkin, the fund manager, philanthropic titan, and former GMAC Financial Services chairman, faces civil charges (note: not criminal) that he allegedly lied to clients in funneling $2.4 billion of their money to Bernard Madoff without their permission. Merkin collected nearly $500 million in fees along the way. Many of those clients were colleges and charities. Nice!

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