scha·den·freu·de 
(shädn-froi′də)
(shädn-froi′də)n.
Pleasure derived from the misfortunes of others.
[German : Schaden, damage (from Middle High German schade, from Old High German scado) + Freude, joy (from Middle High German vreude, from Old High German frewida, from frō, happy).]