10 dumbest CEO mistakes ever

Recent misfires by the top brass at J.C. Penney, Yahoo and JPMorgan rank among the dumbest -- and in some cases, costliest -- executive flubs of all time.

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142Comments
May 13, 2013 9:29PM
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Dear Major Corporations:

Please add to my previously mailed resume that I can make dumb decisions with the best of them!

As mentioned, I can drive your company into the ground in half the time for half the money. And, I bring that nice "common touch" to the boardroom. Please call me at your earlliest convenience for  an

interview.

Am patiently waiting by the phone.

May 14, 2013 11:38AM
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Be easy on these guys.Some can barely get by on $200,000,000 a year.When they

get fired they have to live on a buy out of $300,000,000 until another company hires

them and the common employees have to get laid off or fired to cover his package.

May 13, 2013 10:21PM
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How about the CEOs at Eastman Kodak? Kodak invented the first digital camera in 1975 and waited way too long to capitalize on the changeover to digital photography and imaging. How about George Fisher for spinning off Eastman Chemical in 1994? Or how about Antonio Perez selling Care Stream in 2005 shortly after taking over as CEO. FYI-Care Stream Health is in health systems imaging

(X-rays; MRI; CRT scanning. Health care has been the fastest growing sector of the economy in the past 20 years! And, yet Mr. Perez "in his infinite wisdom" asserted that Care Stream Health

"did not fit into Eastman Kodak's long term strategic plans". Go figure. I have come to the conclusion that CEOs, by and large are the stupidest people on the planet! 

May 14, 2013 9:28AM
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Hmmm....they left out a biggie....NEW COKE.....I was there at the time, sales instantly dropped 90 percent.  It took 3 months to come out with COKE CLASSIC...and new coke faded into the sunset after about 2 years.   What a stupendous stupid move that was.
May 14, 2013 7:40AM
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No arguments with the article or the comments, but none of this comes close to what we see coming out of Washington each and every day; who is the CEO there, folks?
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Johnson and his butt kissing buddies is why the board members should be fired. They knew he was an idiot who didn't know anything about retail. All he did at Apple was suck up a paycheck for no work.
May 14, 2013 3:21PM
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my boss told me I neded a economics course to understand inflation .... I told him I already know how to get screwed don't need some prick to tell me
May 13, 2013 9:07PM
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I'd like to see the 10 dumbest Board of Directors mistakes ever
May 13, 2013 8:45PM
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I didn t see that idiot Jon Corzines name
May 13, 2013 9:11PM
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Rather than point out ten... the article would be more relevant if it questioned why we need hired-in executives and especially- Chief Executive Officers at all.
May 13, 2013 9:18PM
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I think you need to add Hostess to your list a company that makes over $2 billion and can't pay its bills has problems.
May 14, 2013 9:11AM
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This article is in reverse- dumb CEO mistakes are the most common thing around- they should list the 10 smartest CEO decisions ever- if they can find that many.
May 13, 2013 10:02PM
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I think if a CEO would have spent $878,000,000,000.00 (that's 878billion) and nobody can account for  where or on what or whom it was spent he would be in jail.

 

Obama......where's my money?

 

Sincerely yours,

John Q. Public

(major stockholder)

May 14, 2013 11:59AM
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How is the "Mayer" move to cut back on teleworking a mistake?  Only affected 200 people and the stock has risen 33%.  Who cares what the media says, the stock price and company value is what's important. 

May 14, 2013 9:03AM
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Mars candies turned down E.T, and then signed on to sponsor Kyle Busch, who is the biggest whiner in sports.  Perot failed to buy Microsoft for 50 million, making Gates a 66 Billionaire- Gates gets a double thumbs up, because he didn't invent the operating system that made him a billionaire, but bought it from another guy for 25000- This guy and Perot should get together for a drink and play Hank Jr's " There's a Tear in My Beer" on the jukebox.
May 14, 2013 8:08AM
May 14, 2013 10:47AM
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They forgot to mention that lying sack of sh*t, Dick Cheney!

Okay there I said, they can add that one in when they want to....
May 14, 2013 9:56AM
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Too much brainwashed education for their own good!
May 20, 2013 6:29PM
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CEOs have no clue... they are too removed from where the action are. They never talk to the people who have their nose and ears to the ground. Instead they install layers and layers of mid-management, who are just as arrogant as they are... no wonder the businesses go down the tubes.
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