Cuckoo for co-co
1. Freston and Moonves Get Co-OptedViacom ( VIAB) promoted two top executives to the posts of co-president and co-chief operating officer on Tuesday.
The appointments, says Viacom, are part of "the orderly transition to the next generation of senior management for Viacom."
There you have it, folks. Proof that Viacom's brain trust has collectively gone nuts.
See, there is no better way to create a disorderly transition than to tell two executives to share the job of co-chief-something-or-other. There's no better way to speed up an executive's departure than to go the co-route. And though it's traditional for the co-whatevers to profess their abiding friendship and respect for each other on the way in -- as did Viacom's Tom Freston and Les Moonves on Tuesday -- these vows of collegiality on the way in serve only to heighten the snickering on the way out. Yeah, remember back in the days when Time Warner ( TWX) was known as AOL Time Warner? Co-chief operating officers Dick Parsons and Bob Pittman
2. Say the Secret Word and You Win $2.7 BillionKudos to HealthSouth for spotlighting an important but too-often-overlooked ingredient of any successful accounting fraud: the code word.
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