Looking for some entertaining reading this week, check out the Business2 101 Dumbest Moments In Business – makes you wonder why you aren’t getting paid big bucks to run a company because you surely could not do worse than some of the moments mentioned…
Grand Prize Winner, Dumbest Moment of 2005 – Bubble Trouble
“If you grew up in Danvers, and you remember it as the spooky place on the hill, it might not be the right place to live.”
William McLaughlin, an executive with AvalonBay Communities, which is converting boarded-up Massachusetts mental institution Danvers State Hospital into a 497-unit complex of high-end apartments and condos. That sound you hear? Not the ghosts of mental patients, but loud hissing from the wildly inflated housing bubble.