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10 Dumbest C.E.O. Moves of 2007

Dec 20 2007

Back to: Ten Dumbest C.E.O. Moves of 2007

Dumbest C.E.O. Moves
Mackey
Wolfowitz
Jobs
Albrecht
Reyes
Kleinfeld
Browne
Cayne
Schwarzman
Neeleman
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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.
1. John Mackey of Whole Foods Mark
Discovering the joy of internet message boards.
2. Paul Wolfowitz of the World Ban
Doing professional favors for his girlfriend.
3. Steve Jobs of Apple
Alienating early adopters with an iPhone price cut.
4. Chris Albrecht of HBO
Acting too much like a Sopranos character.
5. Greg Reyes of Brocade
Backdating stock options, and getting caught.
6. Klaus Kleinfeld of Siemens
Helping Siemens become a hotbed of corruption.
7. John Browne of BP
Giving away company money, and lying about it.
8. James Cayne of Bear Stearns
Fiddling while the firm burned.
9. Stephen Schwarzman of Blackston
Throwing a party only Kozlowski could love.
10. David Neeleman of JetBlue
Overstaying his welcome at the airline he founded.

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