101 Dumbest Moments in Business

The year's biggest boors, buffoons, and blunderers

Sounds like a rips**t videogame...
93. Stefan Eriksson
Sounds like a rips**t videogame...
After leading videogame-console startup Gizmondo to nearly $400 million in losses and a bankruptcy filing, edgy entrepreneur Stefan Eriksson wrecks his $1 million Ferrari Enzo in a crash in Malibu in February.

Eriksson tests above the blood-alcohol limit but tells police that he wasn't driving, and that the driver, "Dietrich," ran into the hills after the crash.

It's soon discovered that Eriksson's wrecked Enzo is actually owned by a British bank, and two more cars he claims to own, another Enzo and a Mercedes McLaren, have been reported stolen in England.

Eriksson pleads no contest to embezzlement and drunk driving charges and is sentenced to three years in jail.
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90. Bristol-Myers Squibb

91. Crackheadz Gone Wild: New York

92. Michael Eisner

93. Stefan Eriksson

94. Greenville Drive

95. NTT

96. UCLA
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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: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. 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 2018 and/or its affiliates.