|Arnold 'Partner' |
Legal greens fees?
3. No, It's the Other Guy Who'll Be Playing Golf NowAnd the winner of this week's award for Best Mistake in a Press Release goes to Bear Stearns ( BSC), which confirmed our theory that somewhere out there, a lawyer is playing golf while billing his client $350 an hour.
In Thursday's announcement of who will succeed Mark E. Lehman as general counsel, Bear Stearns reported the hiring of Michael Solender, who previously was a partner at the esteemed law firm Arnold & Porter. Except that's not exactly what Bear Stearns said. In fact, the firm noted that Solender had been a partner at "Arnold & Palmer" -- confusing the 57-year-old law firm with the 74-year-old golfer. Of course, as much as we loathe playing golf, at least it's not as unpleasant as practicing law. So maybe we should let Solender have his fun.
4. A Comedy of ArrowsWe at the Five Dumbest Things Research Lab know better than to try to run a publicly traded company. Which is part of the reason why we politely request company presidents not to try to write witty market commentary. OK, we'll settle for just one president: Patrick Byrne, head of online closeout retailer Overstock.com ( OSTK).
Let alone, Overstock.com