The end of the year is a time to take stock of what has happened, what we learned and what we shouldn’t forget. One way I do this: a compilation of the best and worst CEOs of 2013. First up: the worst chief executives of the year.
There are three questions I consider to compile the ranking:
– Did the CEO’s company suffer, or is at risk of suffering, a precipitous drop in performance, as indicated by its stock price, cash position, market share, or other key financial metrics?
– Was the CEO culpable, in that he or she knew, or should have known, what was going wrong yet was unable to right the ship?
– And finally, did the CEO’s actions, or inactions, provide evidence of a significant breach in corporate governance or strategic leadership?
These questions eliminate from consideration big failures that were mostly beyond the control of the CEO, or bad performance that was due to industry-wide factors. So who made the list in 2013? Scroll through the images above to see the five worst CEOs, beginning with No. 5.
Editor’s note: The opinions in this piece are those of the author. A column revealing the five top executives will follow on 18 December.
Courtesy: Syd Weighs In, BBC
Source: http://www.bbc.com/capital/story/20131212-the-worst-ceos-of-2013
Image Source: video.cnbc.com
