NEW YORK ( TheStreet) -- Goldman Sachs' ( GS) mishandling of its Facebook relationship was considered the dumbest thing on Wall Street this week by readers of TheStreet.
As of late Friday, about 40% of the readers that took our poll thought that Goldman's decision to exclude U.S. clients from a private offering of shares in Facebook was particularly dumb. In a statement to the The Wall Street Journal, Goldman said its decision to exclude U.S. investors was not "required or requested by any other party," including the Securities and Exchange Commission. Goldman said it had "concluded the level of media attention might not be consistent with the proper completion of a U.S. private placement under U.S. law." Goldman may have leaked the news of the private offering of Facebook shares to the press, only to cancel them. Then Goldman blamed Facebook for leaking the deal. The New York Times' Andrew Sorkin, who initially broke the news of the deal, reported that "over the last two weeks, the companies' relationship has grown increasingly tense," as "accusations about the news leak have flown back and forth." The news that the NFL was unhappy about an ad that Toyota ( TM) ran during ESPN's Monday Night Football, because it contained an image of a helmet-to-helmet hit, was considered the second dumbest thing on Wall Street with 22% of the votes. The 30-second spot featured technology that the automaker developed with partners at Wake Forest University that could prevent football-related head injuries. Toyota told Reuters that the NFL complained to broadcast partners CBS, NBC, Fox and ESPN, who brought the complaints to Toyota. Those complaints resulted in a cut of the offending image.