I am working on a year end article for the Street.com — A Dozen Lessons from 2007 for CEOs, fund managers and investors.
Since you guys so quickly answered my first question, here’s another:
Next question: What company(s) handled a major mishap, error, or disaster well? Did someone mess up, but did a sincere mea culpa and was not punished?
I remember there was at least one (Traget? Schwab?) but I cannot recall what it was
Anyone recall who that might have been ?
UPDATE: Reader suggestions, Q1:
One of the bullet points is: "Stick to what you do best."
I came up with 2 good examples, but I could use some more:
What was online broker E*Trade doing writing sub-prime mortgages?
What was investment bank Bear Stearns (BSC) running 2 hedge funds?
H&R Block are supposed to be tax preparers, not mortgage lenders.
And exactly what was GM’s expertise in underwriting mortgages (the snarkier amongst you might be wondering exactly what-the-hell GM’s expertise is in anything)