Mad Hatter
A CEO or managerial team whose ability to lead a company is highly suspect.
Investopedia Commentary
This term refers to one of the many strange characters in Lewis Carroll's "Alice's Adventures in Wonderland". At the tea table, Alice meets the Mad Hatter, who is eternally caught in tea time and constantly quizzing Alice with nonsensical and unanswerable questions.
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See also: Bre-X Minerals Ltd., Insider, Jekyll and Hyde, Leprechaun Leader