This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Dumbest of Last Week's 5 Dumbest: We're Sick of Salmonella Sophists

NEW YORK (TheStreet) -- The egg industry's attempt to pin its salmonella woes on consumers was deemed the dumbest thing on Wall Street this week by readers of TheStreet.

As of late Friday, almost 38% of the 238 readers that took our poll said they found blaming consumers' shoddy cooking techniques for the salmonella scare to be a weak attempt at deflecting responsibility.

A spokesperson for the United Egg Producers, a group that represents the nation's egg farmers, told USA Today that the consumers who reported being sick from the recalled eggs ended up that way because they had failed to prepare them properly.

"It may sound harsh, and I don't mean it to sound that way. But all the responsibility cannot be placed on the farmer," Krista Eberle, director of the United Egg Producers' Food Safety Programs, told USA Today. "Somewhere along the line, consumers have to be responsible for what they put in their bodies."

Almost 24% of voters said they think that the tech sector's failure to innovate was next dumbest thing this week. It seems that companies within the sector are just throwing around money instead of funding their own research and development.

Companies such as HP (HPQ), Intel (INTC), and IBM (IBM) seem more eager to buy their innovation rather than developing it themselves. This method is among the most expensive and inefficient ways to grow a business.

Mediacom's (MCCC) rejection of its own CEO's buyout offer outraged 15% of voters. When Rocco Commisso, offered $245 million, or $6 per share, to purchase the remaining stock he doesn't already own and take the company private, the company board wouldn't accept.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,915.07 -70.54 -0.42%
S&P 500 1,964.68 -8.15 -0.41%
NASDAQ 4,396.2040 -22.83 -0.52%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs