Courtesy: PTI
Donning the role of a commander ill-equipped to save the Titanic of banking world, Citigroup's India-born chief Vikram Pandit has found a place among the 20 worst ever CEOs in the American history, but the top honours has gone to bankrupt Lehman Brothers' Dick Fuld.
The list of America's 20 worst ever CEOs, compiled by business magazine Conde Nast Portfolio after consulting with a panel of business school professors, identifies the business "leaders who helped drive their companies into the ground."
These 20 include "six men who helped make today's economy stink", the magazine said.
Here is the list of the top twenty worst ever CEOs. Take a look...
Designation: CEO of Lehman Brothers Holdings Inc
Designation: Chairman and CEO of Countrywide Financial.
Designation: He was the CEO and chairman of Enron Corporation from 1995 until his resignation on January 23, 2003, except for a few months in 2000 when he was chairman and Jeffrey Skilling was CEO.
Jimmy Cayne
Designation: Former CEO of Bear Stearns.
Designation: Former CEO of telecommunications company WorldCom.
Designation: Known as a business downsizer and headed firms like Scott Paper and Sunbeam - Oster.
He oversaw plunge of once-Wall Street marquee Drexel into bankruptcy in 1990.
Designation: Formerly CEO of Drexel Burnham Lambert and COO of Shearson Hammill & Company.
A 'robber baron' who made a fortune in 1800s by pushing up gold prices and prompting a scare in stock market.
Designation:Former CEO of American financier.
Designation: Sales Strategy of the National Cash Register Company.
John Akers
Designation: He was the president of IBM between 1983 and 1989. He was the CEO of IBM from 1984 until 1993; and chairman of IBM between 1986 and 1993.
Designation: He was the CEO of Carnegie Steel.
Designation: CEO AT&T
Roger Smith
Designation: Former Chairman and CEO of General Motors.
Designation: Apple's CEO between 1983-93.
Designation: Former Time Warner chief.
Designation: He is the chairman and CEO of Chrysler.
He had earlier served in a similar capacity at The Home Depot from December 2000 to January 2007.
Designation: Former President, CEO and Chairman of the Board of Merrill Lynch & Co Inc.
Designation: Former HP's chief
Designation: CEO of Citigroup.
CAclubindia
