|Doom and Voom
1. Flipping the Bird at CablevisionWell, you can say a lot about Chuck Dolan, but you can't accuse him of wishy-washiness. Once he fixates on a bad idea, he holds on to it for dear life.
Dolan, to remind you, is chairman of Cablevision (CVC - Get Report), the mostly successful cable TV operator behind the ill-fated high-definition television satellite service called Voom.
But what wasn't so widely reported was Dolan's assessment of why Voom went down the tubes.
It had nothing to do with the obvious reasons why Voom was near-doomed from the start. Voom, for example, faced intense competition from the comfortably established EchoStar (DISH - Get Report) and DirecTV (DTV - Get Report). Voom's much-vaunted high-definition programming was padded with lame, exclusive-for-a-good-reason programming such as Euroleague basketball and views of a tropical fish tank.
No, that wasn't the problem, according to Dolan. Instead, it was Our Litigious Society, which apparently makes it impossible for company directors to Be Brave and Do the Right Thing.