The Five Dumbest Things on Wall Street This Week

1. For Fans of Clarity, a Red-Letter Dave

We've got a big shout-out for Dave Pottruck, who stepped down Tuesday from his post as CEO of ailing broker Charles Schwab (SCH Quote).

See, we've spent weeks complaining about how companies regularly dispense euphemistic, truth-evading non-explanations of why top executives are unexpectedly exiting their well-paying, highly responsible jobs. Judging from the usual press releases, it's as if there's an epidemic of execs who suddenly realize it's time to spend more time with their families or pursue other interests.

But when it's Pottruck's turn to hit the road, does he mince words? No. "The last few years have been difficult in the securities markets," he says to the world, "and I accept the Board's decision that it's time for me to step aside." ...