This Day On The Street
Continue to site right-arrow
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!

The 10 Dumbest Things on Wall Street in 2011

Stocks in this article: NFLX BAC RIMM UBS NWS HPQ MCO MHP

News. Corp. CEO Rupert Murdoch got hit in the face with a pie. Nuff said.

3. Rupert Pays The Pie-per -- published July 22, 2011

Dear readers, in all seriousness, it's not always easy finding Dumbest items to fill our list every week. We know it sounds crazy considering the sheer amount of silliness that emanates from Wall Street, but there are indeed periods in which nothing out-of-the-ordinary occurs and as a result we are often forced to dig deep for material.

On the other hand, sometimes the stupidity just hits you -- or in this case, News Corp. (NWSA) CEO Rupert Murdoch -- like a pie in the face.

For those cave-dwellers or orbiting astronauts who missed it, a comedian who goes by the name of Johnnie Marbles slapped the beleaguered media mogul in the face with a shaving cream pie while he was testifying about phone-hacking in front of a Culture, Media and Sport Committee hearing in London on Tuesday. Murdoch's wife Wendi Deng Murdoch stood up and tried to protect her husband from the man, who was then escorted out of the room by police officers.

"Mr. Murdoch, your wife has a very good left hook," said Labour lawmaker Tom Watson before returning the proceedings to order.

Yes, that actually happened. And no, we could not make it up such foolishness even if we were so hard-pressed for content that we had to.

Clearly, the episode was a career highlight (or perhaps lowlight) for Marbles who tweeted before the attack that "it is a far better thing that I do now than I have ever done before #splat".

Having never seen Mr. Marbles's comedy act, we can't confirm or deny that this was his best work to date. But we can safely say that his insane outburst sure made our work this week a whole lot easier and for this we thank him.

9 of 11

Select the service that is right for you!

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 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

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