It's been a couple weeks, but the lowlights in the world of business do not take summer vacations. Here are the nominees, followed by our choice for winner, but make you own choice in the poll at the bottom.
NOMINEE #1: A-I-GEEZ!
The insurance giant which you, the taxpayer, bailed out, reportedly wants to hand out millions more in bonuses. This the same week a jury decided AIG was wrong in going after more than $4 billion in stock former chief Hank Greenberg took when he left in 2005.
NOMINEE #2: BED OF NAILS
Baseball great/entrepreneur/investor Lenny Dykstra says WaMu (now owned by JP Morgan Chase duped him into a $20.5 million mortgage fraud when he bought Wayne Gretzky's house two years ago. Now he's filed Chapter 11 to avert foreclosure. Lawsuits to follow.
NOMINEE #3: OFF THE WALL
The downside of the Michael Jackson memorial: the event cost a broke Los Angeles millions, including $50,000 allegedly spent on 3,500 box lunches for police officers from a restaurant 80 miles away. They could have bought off the dollar menu at McDonald's and saved $46,500. Plus, the most ridiculous exploitation of Jacko-mania? The image of Jackson's face in a piece of toast, being sold on Ebay for a little over $20.
NOMINEE #4: GAME OF CHICKEN
White meat madness. KFC faces yet another lawsuit seeking class action status over the mishandling of it's free giveaway which Oprah promoted. This as China may ban U.S. chicken, especially chicken feet, which they apparently eat, in a bird-brained trade war.
NOMINEE #5: WOZ UP WITH THIS?
Apple co-founder and celebrity dancer Steve Wozniak is hawking an auto body shop in Silicon Valley. Jim Goldman found this nugget. Did I mention that THIS WAS THE GUY WHO HELPED CREATE APPLE COMPUTER?
THE WINNER: SNAKE OIL MARKETS
Pressure is growing to limit the ability for speculators to drive up oil prices and keep them out of whack with real supply and demand. The current situation, say many, is a recipe for bad gas.
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