Dumb CEOs Who Use Blackberry Phones

Clueless old farts make deals for legacy companies that are vastly overpriced, believing brands have meaning in the fast-moving internet world.
— Barry Ritholtz

Barry's take on the Verizon/AOL deal is very Barry and very right on. You don't need an MBA to wonder what the hell is Verizon doing? Does someone smarter than us at Verizon know what they are doing? Nope. Old white CEOs are some of the dumbest people on Earth? They think their experience gives them some holy knowledge. While experience is extremely important, so is foresight and a knowledge of the world we live in today. These dudes can't keep up. I bet the decision makers on this deal all have Blackberry phones.