10) Savvis: Expense this
This isn't anywhere near as destructive as most of the events on our list, but gets a nod anyway for being a pure mix of debauchery and cluelessness.
Robert McCormick, former CEO of IT services company Savvis, resigned in 2005 after he and several associates rang up a $241,000 tab on his company credit card during a single visit to Scores topless bar in New York.
The New York Daily News dubbed him "The Lap Dunce."
Turns out McCormick's fall failed as a cautionary tale. John Arnold, co-founder of Intelius, which offers online background checks, engaged in sex acts with strippers from a Seattle-area club but told a grand jury he didn't. For perjuring himself, Arnold was sentenced last month to spend 45 days in jail and pay a $30,000 fine.
November 8, 2010 5:05 AM PST
Photo by: Scores NY
| Caption by: Greg Sandoval
Conversation powered by Livefyre