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I hope this week's look at the business world's lowlights will be the highlight of your day! Here is a list of nominees, followed by our choice for winner, but you can pick your own in the poll below.
#1 BILLIONAIRE TRUMPS MILLIONAIRE
Billionaire (oh realllllllly?) Donald Trump is fired up over author Timothy O'Brien's allegation that "the Donald" is only worth eight or nine figures, not ten. Trump wants a judge to let him pursue a slander suit against O'Brien, who wrote "TrumpNation: The Art of Being the Donald". Trump says the author didn't fully value the Trump brand, which the mogul claims fluctuates in value based, in part, on "feelings".
#2: FLING-ING SMUT
As I blogged earlier this week, Mars developed the Fling candy bar for calorie-conscious women, using the tagline "Naughty but not that Naughty". However, no one at Mars thought to check out the URL for the new product's name. Turns out Fling.com is VERY naughty…
#3 STRESSED OUT!
The big bank bruhaha goes mainstream, as Saturday Night Live spoofs the stress tests and Treasury Secretary Timothy Geithner in a skit claiming banks also had to take a no-fail written test. Citigroup insisted on answering nearly every question, "Geithner sucks!"
#4, MAN BITES SELF!
Jimmy Kimmel disses his own employer, ABC, at the annual upfronts (apparently he's done this before). He told the crowd, "Every year we lie to you, and every year you keep coming back for more."
#5 MORE MADOFF-MANIA
Madoff victims are forced to sell luxury goods at a Florida auction to raise cash. Meantime the Wall Street Journal reports that investigators now wonder if some of the high-profile money managers - Stanley Chais, Jeffry Picower - whose clients were robbed blind in the Ponzi scheme, may not have been so blind themselves to what was going on. And Walter Noel's Fairfield Greenwich, another feeder fund, is being sued for $3.5 billion by the trustee trying to recover money for Madoff victims.
BUT THE WINNER IS…AMERICAN APPAREL!
The underwear company American Apparel and its controversial founder, Dov Charney, agree to pay Woody Allen $5 million for the unauthorized use of an image of the actor-director on a billboard. The image is of Allen dressed as an Orthodox Jew, taken from a scene in "Annie Hall" where he imagines how he appears to Annie's grandmother. HOW DOES THIS SELL UNDERWEAR?
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