Ten Dumbest C.E.O. Moves of 2007
Whether strategically unwise, illegal, or just plain idiotic, here are 10 of the most regrettable moves made by chief executives in 2007.
Some occupants of the corner office got it right this year. Read More
Industry:
Finance
Summary:
An alternative asset manager Company and its business include the management of corporate private equity funds, real estate
Primary executive:
Stephen A. Schwarzman,
Industry:
Technology
Summary:
The Company is a supplier of storage area network equipment and a provider of data center networking solutions that help
Primary executive:
Michael Klayko,
Industry:
Technology
Summary:
The Company and its wholly-owned subsidiaries design, manufacture, and market personal computers, portable digital music
Primary executive:
Steven P. Jobs,
Industry:
Telecomm
Summary:
The Company's balanced business portfolio is based on electronics and electrical engineering.
Primary executive:
Peter Loscher,
Industry:
Energy and Utilities
Summary:
The Company provides fuel for transportation, energy for heat and light, retail services, and petrochemicals products. The
Primary executive:
Ralph C. Alexander, Subsidiary CEO
Industry:
Retail
Summary:
The Company and its subsidiaries, owns and operates the chain of natural and organic foods supermarkets.
Primary executive:
John P. Mackey,
Industry:
Transportation
Summary:
The Company is an innovative, low cost passenger airlines, which provides customer service on point-to-point routes & offers
Primary executive:
David Barger,
Steven P. Jobs
Industry:
Technology
Biography:
Steven P. Jobs, 52, has served as Chief Executive Officer of Apple Inc., a designer, manufacturer and marketer of personal
David Barger
Industry:
Transportation
Biography:
David Barger, age 50, is our Chief Executive Officer and has served in this capacity since May 10, 2007. Mr. Barger also
John P. Mackey
Industry:
Retail
Biography:
John P. Mackey, 54, co-founder of the Company, has served as Chairman of the Board and Chief Executive Officer since 1980.
Stephen A. Schwarzman
Industry:
Finance
Biography:
Stephen A. Schwarzman is the Chairman and Chief Executive Officer of Blackstone and the Chairman of the board of directors
Klaus Kleinfeld
Industry:
Metals and Mining
Biography:
Klaus Kleinfeld, President and Chief Operating Officer of Alcoa, since October 1, 2007. Mr. Kleinfeld was President and Chief
When see-no-evil greed in mortgage lending practices caused global credit markets to seize up and very nearly brought some of the world's biggest banks to their knees, you know it's a propitious time to inaugurate a list of the dumbest executive moves of the year.
But boardroom blunders were hardly limited to Wall Street. Senior executives from coast to coast had plenty to be red-faced about in 2007.
Some were showering their significant others with too much money or not enough respect. Others were sticking with corrupt old practices they should have stopped, or bankrolling decadant new traditions that never should have started.
Appearing on Portfolio.com's list of the Ten Dumbest C.E.O. Moves doesn't necessarily mark a bad year for anyone.
But it does mean that the unlucky winners suffered an uncomfortable stretch that will not be forgotten soon.
And, so, our nominees...
But boardroom blunders were hardly limited to Wall Street. Senior executives from coast to coast had plenty to be red-faced about in 2007.
Some were showering their significant others with too much money or not enough respect. Others were sticking with corrupt old practices they should have stopped, or bankrolling decadant new traditions that never should have started.
Appearing on Portfolio.com's list of the Ten Dumbest C.E.O. Moves doesn't necessarily mark a bad year for anyone.
But it does mean that the unlucky winners suffered an uncomfortable stretch that will not be forgotten soon.
And, so, our nominees...



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