The 5 Dumbest Things on Wall Street This Week: May 31

Come on 5 Dumbest fans. Let's join together and Make Summer Dumber!

We hope you all enjoyed your long Memorial Day weekends, both giving thanks to our brave fallen soldiers, as well as firing up the grill to celebrate the start of Summer 2013. We know you needed the break to recharge your respective batteries. We certainly did. This year's massive bull-run has really wiped us out.

That's no joke. It's not easy unearthing corporate stupidity when nearly every stock from New York to Tokyo is hitting a new high. Wall Street bears are not the only ones frantically searching for ideas, we are too.

Seriously! We're not kidding when we say, 'Summer's here and the Dumbest ain't easy!'

That's why we're kicking off the season with our Make Summer Dumber Quiz, recapping the stupidity of Spring 2013. Hopefully this will raise the level of foolishness out there and get the mojo of America's most moronic CEOs working again.

Enter by midnight Tuesday, June 4, by emailing your answers here with the words "Contest Entry" in the subject line. Answering correctly could win you a gift package full of autographed Jim Cramer goodies. We'll post the answers in our column next Friday, June 7, along with the name of the winner. If there is more than one correct entry, we'll have a drawing.

Good luck!

1. Repros Therapeutics ( RPRX) CEO Joe Podolski told analysts in late March that his company's experimental testosterone treatment helped gay Cubans have so much sex that it caused their sperm counts to drop precipitously low. What is the name of the Repros drug?

A. Stiffenal

B. Androxal

C. Bonerixis

D. Havana Party Pills

2. Michael Dell is trying to take his company private with Silver Lake Management in a $24.4 billion deal, or $13.65 a share. What did the Dell ( DELL) CEO tell his employees in an April 1st memo when the stock was trading above his offer price at $14.30 a share?

A. "It's my company and I can buy if I want to. Buy if I want to. You would buy too if it happened to you."

B. "You'll be swell! You'll be great! Gonna have the whole PC world on the plate! Starting here, starting now. Everything's coming up roses."

C. "Carl Icahn's in the dell. Carl Icahn's in the dell. Hi-ho, the derry-o. Dell has gone to hell."

D. "I am more energized for the future of Dell than ever. Together, we have built an amazing company and our best days are still ahead."

3. J.C. Penney ( JCP) bid farewell to CEO Ron Johnson in April after 17 months on the job, not to mention a 58% drop in the company's stock price. The once-iconic retailer replaced Ron with his predecessor Mike Ullman. How did Penney's board member and Johnson's original sponsor Bill Ackman characterize the retailer during the Ullman-era prior to Ron's arrival?

A. "chronically mismanaged"

B. "not ready for prime time"

C. "in need of additional cow bell"

D. "putrid from the top down and especially the top"

4. Big Four accounting firm KPMG resigned as auditor for besieged supplement seller Herbalife ( HLF) in early April amid an FBI investigation into insider trading allegations involving a former senior partner at the firm. What is his name?

A. Billy Budapest

B. Charlie Copenhagen

C. Marvin Munich

D. Scott London

5. Shares of private prison operator Corrections Corp. of America ( CXW) suffered a minor correction in mid-April after the company admitted to falsifying nearly 4,800 hours of staffing records over seven months at which penitentiary?

A. Alderson Federal Prison Camp

B. Butner Federal Correctional Complex

C. Shawshank State Prison

D. Idaho Correctional Center

6. Which public figure did Reuters erroneously report deceased on April 18th?

A. Elvis Presley

B. Jim Morrison

C. George Soros

D. Johnny Thunders

7. The stock market suffered a brief, yet vicious selloff on Tuesday April 23rd after hackers posted a phony tweet on the Associated Press Twitter account. What did the fake tweet say?

A. "Breaking: Two Explosions in the White House and Barack Obama is injured."

B. "Breaking: Two and a half men cancelled. Charlie Sheen is overjoyed."

C. "Breaking: George Soros is not dead."

D. "Breakin' 2: Electric Boogaloo."

8. TheStreet's Adam Feuerstein revealed in May that Hemispherx ( HEB) CEO Bill Carter was awarded a 5% bonus totaling $1.1 million last fall resulting from the sale of 30 million shares of company stock and not the company's experimental chronic fatigue drug. What is the name of the twice-rejected drug that Carter is not profiting from even as he gets rich selling shares of his company's stock?

A. Ampligen

B. Ibuprofen

C. Lysergic acid diethylamide

D. Sildenafil citrate

9. San Francisco city attorney Dennis Herrera announced in early May his lawsuit against an energy-drink company for marketing to minors by stating, "Our lawsuit is not a reaction to their lawsuit". What is the name of the beverage company that sued Herrera for harassment first?

A. Coca Cola ( KO)

B. Dr. Pepper Snapple ( DPS)

C. Pepsi ( PEP)

D. Monster Beverage ( MNST)

10. Abercrombie & Fitch ( ANF) CEO Michael Jeffries was forced to apologize in late May after a controversial 2006 interview resurfaced. What did Jeffries say all those years ago that continues to haunt him?

A. "I'm in with the in-crowd. I go where the in crowd goes. I'm in with the in-crowd. And I know what the in-crowd knows."

B. "Candidly, we go after the cool kids. We go after the attractive all-American kid with a great attitude and a lot of friends."

C. "We're the undefeated. TV in the shade. Girls at all our parties. We have really got it made."

D. "The attitude dictates that you don't care whether she comes, stays, lays, or prays. I mean whatever happens, your toes are still tapping. Now when you got that, then you have the attitude."

BONUS: Prior to grilling Apple ( AAPL) CEO Tim Cook on Capitol Hill in late May over the tech company's tax avoidance schemes, Senator Carl Levin (D., MI) said that "Apple is exploiting an absurdity." Who created the tax code absurdity which Senator Levin says Apple is exploiting?

A. The United States Congress

B. The United States Coast Guard

C. James Newell Osterberg, Jr.

D. John Anthony Genzale, Jr.

E. Michael Damone and Mark Ratner

-- Written by Gregg Greenberg in New York

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

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