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The Year in Dumbness: A Quiz
1. E for Egregious
On Sept. 25, 2002, salesman Jimmy Luu of Houston's Microcache Computers bid $44,000 of his boss' money for a stainless steel tilted "E" sculpture at an Enron (ENRNQ Quote) bankruptcy auction. Upon being named the winning bidder, Luu explained to reporters, "He said, 'Just do anything to get it.'"
Two months later, what was Luu doing?
-
Collecting unemployment. Microcache's president, furious that Luu had gone more than $30,000 over the predicted selling price for the "E," fired Luu a day after the auction.
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