Remember these dumbest moments? Here are some of the highlights of stupidity in 2004.
Winner, Dumbest Moment, Corporate Governance
Winner, Dumbest Moment, Corporate Governance
Putting the double-cross in Crossharbour.
"I have been horribly defamed and in fact characterized and stigmatized as an embezzler. I am trying to retrieve my reputation as an honest man."
--Conrad Black, a.k.a. Lord Black of Crossharbour, defending himself in court in February against legal action brought by the board of his newspaper conglomerate, Hollinger International. Six months later, an internal report details Black's "aggressive looting" of the company, including more than $12 million spent on leasing a plane to "indiscriminately" shuttle Black and his wife, Barbara Amiel, to their various homes; $9 million to buy presidential papers and memorabilia from the FDR administration; $1.4 million for staff at Black's personal residences; $1.1 million for a no-show job for Amiel; $90,000 to recondition Black's Rolls-Royce; and $42,870 for a birthday party for Amiel at New York's La Grenouille restaurant. Hollinger's investigators estimate that between 1997 and 2003, the "corporate kleptocracy" fostered by Black resulted in the loss of $400 million, or 95 percent of the company's adjusted net income.

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.