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HollywoodDan (< 20)

The Worst CEO in American History?

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February 06, 2008 – Comments (7) | RELATED TICKERS: YHOO , GOOG

Hey Fools,

While doing a man's business tonight, I was reading a Wired Magazine article about Facebook and was stunned to read that Terry Semel bungled a deal to acquire Facebook by trying to drop the price from a billion to 800 million.  So, that means that a single CEO - ONE man - blew a chance to acquire Google AND Facebook?  It's like having a chance to draft Ruth and Mantle and passing. It's like passing on both Shaq and Kobe.  It's like...  It's like...   It's unspeakable.  And he still managed to pocket hundreds of millions of dollars.   Where is the outrage for a disgrace of this magnitude? You know what makes me sicker than sick?   If you look at all these business magazines like Fortune, Forbes, Barron's, the WSJ - the glorification of excess - is incredible. Like I give a mouse-fart that the jackass who co-created MySpace prefers a $2,500 watch?  Even a great magazine like Fast Company can't stop puke-fawning over anyone who can design something pretty.  Anger is only inappropriate when its unjustified.  Attention really must be paid.  It's plain and simply a freaking disgrace to America.    There really should be an "Injustice Tax" put on disgusting income like this.   And I don't give a hoot if that makes me a commie.  In case I'm not being clear - the man bungled GOOGLE AND FACEBOOK.   I shudder to think what this yutz would do if someone handed him a non-invasive cure for baldness. 

It's no wonder that John Bogle compares America to Ancient Rome.  Disgusting.  Disgusting beyond words.  I couldn't eat enough rotten melon to express my true sentiment from the other end. 

And if all this wasn't bad enough the man was once was asked, in response to a Yahoo-China ratting scandal - if he would have cooperated with Nazi Germany and replied, "I don't know how I would have felt then".  Help me, Fools - is there another CEO in world history who has missed this many billions and billions of dollars?   There can't be, right?  Is it even mathematically possible?

Yahoo! and Microsoft?   Just imagine these two bloatations (its a word now) trying to get anything done.  If I were Google, I'd be delighted.  

Fool On,

TMFnaDdoowylloH

PS - Terry, baby - have your people call my management company.  I have a hilarious idea for a sitcom about the worst CEO in the history of planet earth who has a Scrooge-like evening in which he comes to realize that pocketing millions in unearned dough and Naziism are wrong.  To make amends he becomes a big brother of an African American teen who, get a load of this, turns out to be a genius - and has the blue print for the next great American tech company!   The working title is Oy vey! but I'd like to make it more urban.  Maybe, something like, Oy Vey, Bro!   Or maybe we go with something simpler like, Don't Bro it!  Ha!  I love it.  You are The Man, babe.  Let's do The Palm, on me.  xx oo, HD

 

 

7 Comments – Post Your Own

#1) On February 06, 2008 at 2:05 PM, TDRH (99.98) wrote:

Imagine those decisions haunt him beachside.

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#2) On February 06, 2008 at 2:41 PM, HollywoodDan (< 20) wrote:

Hey King of the Hill,

Johnny Cash sang it best... 

How many times have
You heard someone say
If I had his money
I could do things my way

But little they know
That it's so hard to find
One rich man in ten
With a satisfied mind

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#3) On February 06, 2008 at 3:16 PM, floridabuilder2 (99.67) wrote:

i'm not a commie pig either, but I think bonus' in excess of $1m need to be taxed at a higher rate.....

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#4) On February 07, 2008 at 3:55 PM, Tastylunch (99.64) wrote:

what's the main criteria for suckitude here? Does malfeasance count or is it only incompetence? the former CEO at Bre-X was pretty hard to top in terms of the former..

http://en.wikipedia.org/wiki/Bre-X

but I guess he was in Canada so he might not count anyway.

Semel may have blown two huge obvious chances but yahoo is still profitable and functional unlike say Arthur Anderson or Enron or Countrywide or Merril Lynch etc

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#5) On February 07, 2008 at 4:37 PM, HollywoodDan (< 20) wrote:

Hey Tasty Lunch - the list of wrongdoers, and damage doers no doubt goes far and wide and spans the globe.  Really, I was just venting as men grossly over enriching themselves off unearned dollars is so revolting.   Bre-X looks pretty terrible.

FB - you are a commie pig and if my D&D character from days of old - The Alabamba Slammer (I never went for those sissy-ass names) got hold of your dungeon he'd have pummeled the doors off every room!  HAHA!  Keep blogging daily and cut this quarterly crap talk out.  

Fool On!

HD 

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#6) On February 07, 2008 at 4:51 PM, davidtb823 (< 20) wrote:

Two constants in this Universe:

2 bad seach engines don't make a good one.

Buying Yahoo on the hunch of a Microsoft buyout is just plain silly.

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#7) On February 08, 2008 at 12:46 PM, TranGanZen (< 20) wrote:

Good call on Yahoo and Microsoft being bloated! Two good companies that could be great if someone at the top would take the reigns and truly give them direction. But no they let each individual section wander around on their own with out inner communication as to how they could interlink their operations. (Yes I am a professional computer geek and it shows.)

 

I think a friend of mine said it best, the rich get richer because the politicians are even richer and they write the tax code. They should pay them in reverse scale. In this sense, the president already has two houses to live in, a fine office, a helicopter, a jet, furniture, china, silverware, food, healthcare, a multimilion dollar pention plan, and they are already rich by the time they are in office. Since they already have everything they need to live on, they should get paid minimum wage while in office so they can keep in touch with reality.

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