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Boneheaded Risk Management

In an Op-Ed about the demise of albums and record stores and the rise of the downloaded single:

The sad thing is that CDs and downloads could have coexisted peacefully and profitably. The current state of affairs is largely the result of shortsightedness and boneheadedness by the major record labels and the Recording Industry Association of America, who managed to achieve the opposite of everything they wanted in trying to keep the music business prospering. The association is like a gardener who tried to rid his lawn of weeds and wound up killing the trees instead.

Spinning Into Oblivion, By TONY SACHS and SAL NUNZIATO, New York Times, Published: April 5, 2007

Hm, how could that have happened?

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