Tuesday, January 17, 2012

Sean Quinn: The Road From Billionaire to Bankrupt


It seems, as if, the theme of this early week begins with several stories about billionaires in court. Maybe a new, reality TV program, perhaps? Probably not, since viewers are sick of reality TV.

Yesterday, we wrote about Michigan billionaire Manuel (Matty) Moroun getting thrown into jail for a day for not complying with a judge's order. We ever so politely suggested to Matty:  Finish the damn bridge!!!

Today, it is about obliging our European readers with an image, a story and comments on Sean Quinn, the ex-billionaire prankster bankster from Ireland. Everyone in Europe and half the people elsewhere know about Sean this month.

Our commentary at Think Billions is kind of obvious and basic here. The hubris, the aggressiveness, the audacity that worked so well for this guys in the business world, does not work at all in the court room. Do you expect their legal team will tell them to "tone it down a bit?" Of course not, they want their jobs, their retainer, don't they?

Yes, this is a helpful lesson for all the future billionaires out there. Be careful in the court room. And be especially nice to judges, whether you mean it or not!