03/28/2008 02:45 am ET | Updated May 25, 2011

Top 10 Business Debacles Of 2007

Maybe we're just getting better at the job but it seems like the debacles this year were bigger and more scandalous than last year. Every time we turned around, there was another deadly product or breach of consumer rights or act of malfeasance. Here's our roundup of the top 10 worst moments in business this year...

10. VerizonFiOs Setting People's Houses On Fire

Verizon's new fiber optic cable network is blazingly fast, but their technicians can't be accused of the same swiftness as they keep drilling through customer's electrical lines and gas lines, leading to small fires. In an effort to put out the PR blaze, the Verizon Policy Blog always seemed to find a way to spin each story into a tale of how wonderful and in-demand their new network is. The phrase goes, "where there's smoke, there's fire," yet Verizon's PR mavens felt they could reinvent physics and claim that the smoke at some of the incidents occurred in the absence of fire.

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