Porn Star Ron Jeremy Tapped to Head American Apparel

Ron Jeremy_1

Jeremy: “I’m here to help.”

American Apparel (ticker APP) today announced that porn star Ron “The Hedgehog” Jeremy, patron saint of raincoaters everywhere, will replace interim CEO (and turnaround expert) Scott Brubaker.  Tracked down on the set of his latest film, Clown Porn: The Parody II, Jeremy told Bud Fox News, “I’m excited about this opportunity.  As Allan knows, I really want to stick it to the competition, and if possible, also do an IR DP on them.”  Jeremy added that he likes his chances to accomplish the latter, which, the Hedgehog clarified, is an obscure, racially-integrative maneuver probably known to some victims of ex-CEO Dov Charney’s touchy-feely managerial style. Continue reading

Microsoft CEO to Women: Is Dinner Ready Yet?

CEO Of Microsoft Satya Nadella Gives Lecture At Tsinghua University

MSFT CEO Satya Nadella: “Where’s my coffee, wench?!”

Last Thursday, like a scene out of a misogynistic episode of the Twilight Zone, Microsoft (ticker MSFT) CEO Satya Nadella told the audience at, of all places, the Grace Hopper Celebration of Women in Computing conference in Phoenix, Arizona the following:

“It’s not about asking for the raise, but knowing and having faith that the system will actually give you the right raises as you go along…And that, I think might be one of the additional superpowers that quite frankly women who don’t ask for a raise have.  Because that’s good karma.”

Bud Fox News had dispatched female reporter Silence Bellows, equipped with all her superpowers, to cover the conference.  When she approached Nadella after his remarks, he refused to even acknowledge her question, gave her a lecherous version of elevator eyes, and turned away.  He was then overheard screaming the following at a female underling, who was dressed in a skin tight Wonder Woman outfit and towering high heeled boots:  “I told you that I will not speak to female reporters!  They’re unreliable, untrustworthy and unprofessional!” Continue reading

In Shocking Wave of Confessions, Finance Industry Admits it’s Nugatory

In a wave of self-incriminating and self-deprecating public statements, Financial Services executives, Hedge Fund managers, and other so-called money gurus have decided to come clean with the public at large about the feckless nature of the industry. The confessions themselves and the speed with which they began appearing have shocked industry observers. Continue reading

General Motors to Recall Every Car Ever Made…by Any Automaker

General Motors (ticker GM) has announced that it will recall every car and truck in the United States ever made…by any automaker.  The company recalled 2.6 million cars in February because of faulty ignition switches.  In all, the company has recalled a New-Coke-ish 29 million cars in North America this year.  Said CEO Mary “No such thing as bad publicity” Barra, who drives a Lexus, “If you drive a car or truck of any make or model, it’s officially been recalled today.  Whatever’s wrong with it is probably GM’s fault.  Get off the road before it’s too late.”  Barra, who began her career at GM as a college intern in 1980 but amazingly claims that she only learned of the ignition switch problem in December 2013, kindly opted not to attend her daily Liars Anonymous meeting in order to speak with Bud Fox News. Continue reading

Bill Gross and Jeffrey Gundlach to Launch Adult Film Production Company

A press release today announced the creation of BJ Films, a new adult film production company co-founded by Bill Gross, who recently pulled out of PIMCO, and Jeff “The Godfather” Gundlach, who runs DoubleLine Capital. The company will release its first movie, Bond-age, next month. Continue reading

Eddie Lampert’s Sears Takes Aim at Target

Sears Holdings (ticker SHLD) today announced that it has made an offer to buy Target (ticker TGT) for $55 per share, which represents a baffling 12% discount to Target’s current price.  Given that Sears goes through cash the way Charlie Sheen goes through call girls, it’s entirely unclear how Sears will finance this transaction.  With respect to the source of funds, Sears CEO Ed Lampert, whose early-career stock-picking prowess has now been completely eclipsed by his destruction of an American retail icon, said, “If I can sweet-talk a bunch of kidnapping thugs, then I’ll have Brian Cornell [Target CEO] begging to be a check-out girl.”  When asked about the curious discount on his offer price, Lampert blithely remarked, “Sears is the Goldman Sachs of the department store sector, and I’m sure that Target’s board will recognize that the chance to become associated with Sears/K-Mart justifies a small discount to the purchase price.”  Lampert explicitly stated that he will change all Target stores to the K-Mart nameplate.  Lampert worked at Goldman earlier in his career. Continue reading