Tuesday, June 15, 2010

Top 10 CEO's in Prison

An article recently interested me; yes it's the top CEO's commit Frauds and feeling guilty behind the bars! These guys do it basically due to Evil, Arrogance, Evil, Stupidity, Personal Disorder.

So, if it’s a behavioral disorder, that sort of begs the biggest question of all: Can you somehow identify these people before they actually commit the crime? Any thoughts on that?

In any case, here are my Top 10 CEOs in Prison:

  1. Jeff Skilling, former CEO of Enron
    Serving 24 years for fraud, insider trading, and other crimes related to the collapse of Enron
  2. Bernie Ebbers, former CEO of WorldCom
    Serving 25 years for accounting fraud that cost investors over $100 billion
  3. Dennis Kozlowski, former CEO of Tyco
    Serving 8 to 25 years for stealing $134 million from Tyco
  4. John Rigas, former CEO of Adelphia Communications
    Serving 25 years for bank, wire, and securities fraud related to the demise of Adelphia
  5. Sanjay Kumar, former CEO of Computer Associates
    Serving 12 years for obstruction of justice and securities fraud 
  6. Walter Forbes, former CEO of Cendant
    Serving 12 years for fraud
  7. Richard Scrushy, former CEO of HealthSouth
    Serving 7 years for bribery and mail fraud
  8. Joseph Nacchio, former CEO of Qwest Communications
    Serving 6 years for insider trading
  9. Sam Waksal, former CEO of ImClone
    Served 7 years for securities fraud (released last year)
  10. Martin Grass, former CEO of Rite Aid
    Served 6 years for fraud and obstruction (just released this year)

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