Now I know this story has been covered over and over again, but Wired Magazine wraps it up nice and neat into one high impact story about corruption, video games, models, businesss strategy, and fast cars. All of this without an MBA?
Check out this story about the Gizmondo scandal and the infamous wreck of the Ferrari Enzo. I was shocked by how easy it was for Stefan Eriksson and his crew of mobsters to game the system. In a frenzied market thirsting for high growth high tech companies it seems that people will give their money to just about anybody. Are there more stories like this out there? Do other corrupt executives make it as far or father without getting caught?
This story definitely makes me wonder how well our system works, and what the difference is between guys like this (who defend themselves by saying that they did in fact actually build a product, albeit a bad one) and the rest of the high tech world trying to make a buck.
Definitely entertaining and worth a read.