Fortune’s Dumbest Moments in Business in 2009


Fortune magazine recently compiled a list of the 21 dumbest moments in the business world for 2009. Obviously, there are some automotive and stimulus-related entries, but it’s worth a look. For example, here’s one from the "workin’ hard or hardly workin’" category:

Anthony Armatys is facing up to six years in prison for his dumb move. But he’s not the only dummy in this story.

Armatys accepted a job in 2002 with telecom equipment maker Avaya but then changed his mind before he started. He was already in the payroll system however, and the company started depositing his six-figure salary into his checking account.

For five years, Armatys did not notify Avaya of its error, but his attempt to make an early withdrawal from his 401(k) prompted an investigation that led to his arrest.

In October Armatys pleaded guilty to theft and was ordered to repay the $470,995.53 in compensation he received. He faces full sentencing in January.

See the whole list here.

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