Introduction: 24/7 Wall St of website of American finance and economics. Zhou Er chooses on American history 15 big the poorest CEO, among them before Sun CEO Jonathan Shiwaci, before the CEO before Webvan CEO tall treats · Sha Xin, apple John Sikaoli, Qian Kangbai CEO Aikade Fayifu.
It is selected CEO and its brief introduction below:
1, SunBeforeCEO Jonathan Shiwaci (Jonathan Schwartz)
Shiwaci played havoc with Sun foregro dog stairs and ramps und, cause this company besides be bought by inscriptions on bones or tortoise shells of the Shang Dynasty had had no alternative. Go up c most popular selling dog stairs entury at the beginning of 80 time, include Scot Maikenili (Scott McNealy) inside many engineers established jointly Sun. During Maikenili holds the position of CEO, sun becomes one of 4 big tycoons of server and processor domain, other 3 are inscriptions on bones or tortoise shells of the Shang Dynasty, HP and IBM. Before Shiwaci replaces Maikenili, the gain ability of Sun and competition ability are very strong.
Since Shiwaci took up the post of CEO in April 2006, sun begins to experience long-term loss. Although hold strong position, but the share of server business market with main Sun still is reaved by HP and IBM gradually. The share price of this company also from 2007 the 27 dollars of end glide 2008 the inadequacy of end 4 dollars. Sun still developed the plan cutting down the member of persons employed of near 6000 people subsequently, 18% what hold employee sum total about.
To realize diversity, sun bought MySQL 2008, but did not have any effect. Sun still is in in the portion of server market glide. Shiwaci tries Java of have the aid of will elevate the market the status, but also fail to bring too much income. Although gained certain success, but the problem was using free strategy at Java, and never roll out practical profit pattern.
2, before peacefully CEO Ken Lei (Ken Lay)
Pass a series of be bought and outspread, originally the little known sale that achieved 101 billion dollar 2000 peacefully. Ken Lei was taken up the post of 1986 peacefully CEO, he is guided obtained peacefully a series of honorary. Came 1996 between 2001, this company is obtained 6 years continuously " fortune " the magazine chooses " comp dog crates large best buy lete beauty has innovation power company most " title.
But arrived 2001, expose to the sun peacefully gave financial scandal, most asset and gain are distorted. With year end, apply for to go bankrupt peacefully. In the investigation process of this case, ken Lei is exaggerated by discovery the financial and healthy state of this company. 2006, he is accused negotiable securities is mixed false other charge. Ken Lei died in October 2006, soon after he is sentenced guilty.
3, before Kmart CEO checks Ke Kangwei (Chuck Conway)
When Kmart announces to go bankrupt, lead by Kang Wei just about, he is accused the balance sheet that cheat account adds this company with empty.
4, before Webvan CEO tall treats · Sha Xin (George Shaheen)
Sha Xin joined in Anderson once was led to seek advice before Webvan in September 1999 (Andersen Consulting) , namely later dust Sen Zhe. brass faucet
Webvan is one of dimensions is the biggest poineering companies during Internet bubble, this company offers order form for the user through Internet, be in 30 minutes in deliver goods comes. Webvan plans to turn business originally to 26 cities, but fail finally to exceed 10 however, and majority is centered at the United States on the west the coast. This company began operation 2000, in 1 year the time the Communist Party of China of half cost 1.5 billion dollar. When this company application went bankrupt 2001 when, cut down 2000 employee.
Webvan bought network HomeGrocer in June 2000, thereby the dimensions business of its network grocery is double. This mistake accelerated the rate burning money of Webvan. Want to make sure such commercial pattern lasts operation is a nightmare simply. Sha Xin fails to realize adequately, all shopkeeper are small profits, but Webvan fails to come true however " sell more " . Worst still depend on, the IPO(that Sha Xin approved Webvan makes public raise capital by floating shares first) plan, but the 375 million dollar that place collect gets almost principal is not had return.
Sha Xin holds unique position in bad CEO. When Anderson consults the job, he praises ones the most popular selling dog stairs elf to seek advice from one of division for the business with the finest whole world. But the commercial pattern that he fails to be Webvan quite almost brings any significant improvement. He is not willing to change the operation condition of this company with board of directors or administrative layer collaboration it seems that.
5, before Pu Weisi of all alone of · of rice of soup of The Sopwith Aviation Company CEO (Tommy Sopwith)
The Sopwith Aviation Company held water 1912, sign an agreement with British government during the the First World War, produced 16 thousand planes, employee sum total reachs 5000 people. In 20 centuries original in time of 20 years, the Sopwith Aviation Company is one of aircraft manufacturer with the biggest whole world.
But not successful transition is Suopuweisi commercial aircraft manufacturer, although had had a few effort later, but when be late already, this company closed down finally 1920. Suopuweisi returns sudden huge profits of obtain of war of have the aid of be accusinged, be collected finally to punish a gender to oppose tax of sudden huge profits.
6, the CEO before the apple John Sikaoli (John Sculley)
Sikaoli go up a list of names posted up has a reason only, that is he fired Steve Qiaobusi (Steve Jobs) . Recruit Eric Shimite with Gu Ge (the decision of Eric Schmidt) is similar, the apple also holds the position of CEO at inviting Sikaoli 1983. Because Sikaoli has rich commercial experience and market smell, malic board of directors hopes he can promote malic management the style, hope he can bring mature commercial pattern for the apple. Although the apple at that time grows rapid, but include to combine father Steve Qiaobusi (Steve Jobs) inside tall canal group lacks experience however.
1985, sikaoli persuades a board of directors, separate all management function besides Qiaobusi. This banned the products plan division with the greatest throughout history and sale division namely actually.
Sikaoli has hope very much to costly sale strategy. Unfortunate is, his sale ability fails to make up for the inadequacy that he gets on in product management skill. Final, he the as a result of the technical setting with enough lack product administrator that cannot hold the position of an apple. Inside lieutenancy, he invested a large number of capital to the product of a lot of failure, include Newton PDA, camera and CD player. 1993, do not have legal principle as a result of the technical knowledge with adequate lack to solve the product technicality of apple and its competitor, make Sikaoli desertioned th dvd discovery 3 e job of malic CEO.
Later, the apple bought the NeXT computer company that Qiaobusi founds 1997, and Qiaobusi also takes up the post of malic CEO at of the same age. Like Sikaoli, the issue that remain already made the history.
7, Qian Aidi gives birth to phonographic company (the greatest inventor on history of Edison Phonograph Company)CEO, United States Thoms Edison(Thomas Edison)
Edison founded 1887 edison is phonographic company, phonographic technology comes to hope have the aid of gain. During this company operation, most time is in charge of by him edison. At that time phonographic can get on sound transcribe in candle bucket. After realizing phonographic commercial foreground, edison makes through buy and rolling out the means of more recreation content phonographic be accepted by a lot of people. However, because candle bucket realizes a quantity very hard to produce, accordingly sales volume got restrict. To improve this one inadequacy, the competitor Colombia company of edison is designed and sold a kind of more deft record. The manufacturing rate of this kind of product is rapidder than candle bucket.
1916, edison expands business in the recording equipme dvd discovery channel nt with higher profit margin. Dan Aidi was born to had made in those days deadly and decision-making, cause the failure of this company finally: Allow the marketing of competitor dominant disc. Although edison established 1913 oneself disc branch, but he still extends candle bucket product energetically, those who believe this kind of product will make format big fight is final win the home. But he is wrong, and already incognito in those days edison company (The Edison Company) closed down finally also 1929.
8, preexistence connects CEO Bernard Aibaisi (Bernard Ebbers)
Below Aibaisi's leader, the world is connected 1997 37 billion dollar buys denounce endowment MCI company, become complete beauty company of the 2nd big long distance call.
Early alive connect before holding water, aibaisi facilitates the CEO that became company of this company predecessor 1985. 15 years in after this, he is passed a series of buy the dimensions that enlarges a world to connect ceaselessly. 1999, aibaisi ever tried to buy Sprint. If this one value of 129 billion dollar trade to be able to finish smoothly at that time, the world is aperient can surmount AT&T, become the United States' biggest telegraphic company. But the opposition as a result of the person that superintend, this trades fail to reach.
During be in and be being bought, aibaisi is alive dummy and financial outstanding achievement begins below the help that connects finance affairs to be in charge of high. Internet foamy burst eroded the gain that the world opens 2001, and the world is connected distort the conduct of financial outstanding achievement is more and more serious also. Besides, aibaisi even the way that have the aid of offers a large number of worlds open a stock will maintain his extravagant life. Because fear Aibaisi sells the behavior of the stock can is opposite,company share price causes harm, the world connected a board of directors to provide a series of loan for him.
2002, the act that internal auditor discovers Aibaisi caused total value the finance affairs of 3.8 billion dollar is con. Of the same age, the world connects application to go bankrupt. 2005, the court maintains Aibaisi con, put-up and refer fake document accusation to hold water, sentence its 25 years to imprison.
9, father of the United States' oldest combination of Countrywide Credit Industries of mortgage loan orgnaization holds CEO concurrently to install Jiluo Mociluo (Angelo Mozilo)
Go up century 90 time metaphase, countrywide is founded give a system, the means that mortgages negotiable securities through baling loan gives investor in resale of 2 class market, borrow this to reduce a risk. In the loan of Countrywide, about the half does not accord with a regulation, because this cannot be sold quite,give room ground the United States or Fang Limei. This increased this company to sell to the orgnaization negotiable securities changes the requirement of loan.
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According to estimation, control to 2005, 15% what the loan business of Countrywide has occupied completely beautiful room to borrow the market. But when house price begins to drop, the guaranty that by Countrywide the help founds is derived taste the market to begin to break down. These deriving article once brought much income for Countrywide, but adjacent however in August 2007 break down. The United States offerred salvation for Countrywide federally, but let this company continue to go down as independent company operation feebly however.
July 2008, american bank bought Countrywide. The information that after this discloses shows, mociluo came early 2005 during 2007, had sold the share of Countrywide, brought profit of near 300 million dollar for its. Partner initiates collective lawsuit to Mociluo subsequently, think he knows the problem that this company exists already. Countrywide also is accused to be put in the behavior of multinomial misdirect user, and do not have or undertake fulfilling his duty to investigate rarely.
10, Qian Ade Feiyatong dispatch company (Adelphia Communications) author holds CEO concurrently John Ligesi (John Rigas)
Adefeiya once was complete beauty's biggest cable television company, 2002 application goes bankrupt after. And Ligesi is in its author at present prison serve a sentence. Found at the century on the Adefeiya 1952 90 time were had near 5 million register an user, business of Internet of its high speed also is in fast dilate in. The cable television system of this company pervades 30 many cities of complete beauty.
The partial account that this company filed to go bankrupt 2002 uses the fund of the company at funding his household other company in Yuligesi. Ligesi is accused finally filch is close 100 million dollar. After application goes bankrupt, most asset of Adefeiya is bought by times Wanner.
11, general of Shi Lun of · of gold of bright red Er of the CEO before Daimulekelaisile (Juergen Schrempp)
Dominant of Shi Lun general Daimule and Kelaisile 1998 amalgamative. Although his keep on saying incorporates what its call fairness one case, and installed CEO of banquet of a couplet at the same time, but he is to incorporating almost the control that amalgamative company acquired immediately after finishing counterpoises.
Before incorporating, use the profit that Lun Puceng incorporates via boasting wantonly to partner, but amalgamative after finishing, did not fulfill however. He fails to use Daimule and Kelaisile's respective dominant position likewise, more perfect sale network is built in the United States and Europe. Oversight of Shi Lun general the management that Kelaisile is in the United States, after incorporating 1 year, its sale and manufacturing operation begin collapse. During this, the market prise shrink of new company 50% . Still partner is opposite this company to lodge a complaint, accuse this company fails to cash acceptance, and claim for compensation 9 billion dollar.
Shilunpu was driven out by the board of directors 2005. And Cerberus Capital Management of firm of investment of illicit collect equity opened up 2007 endowment 7.4 billion dollar bought Kelaisile from inside wearing Mu to force a hand.
12, Mo Er of benefit spy of · of triumphant Yi of the CEO before Kodak (Kay R. Whitmore)
Kodak held water 1880, inside the major while of 20 centuries, this company is the gold standard of film and camera industry. To 1963, this company line fortune 500 strong the 44th, sales revenue exceeds 1 billion dollar. A the best selling dvd discoveryfter this 10 years, this company grows further, share price also rises from 12 dollars 65 dollars.
Before 1984, kodak holds dominant in consumption and company picture domain all the time, and the similar film price that Fuji offers at that time is cheaper than Kodak 20% . Came 1990 between 1993, benefit spy Mo Er holds the position of Kodak company CEO. He thinks this company can win final victory by right of the price, get higher profit margin continuously. But he is wrong.
Although the scientist of Kodak invented the first number,camera is mixed first 1 million camera resembling element, dan Ke is amounted to abortive however to digital domain transition, the film business that this company thinks profit is rich and generous will still continue dominant market. As time elapse, the user of Kodak film, printing paper and camera is disappearing gradually.
13, before Xi Weier of · of Mu of Williams of CEO of Pan American airline (William Seawell)
What develop in American aviation industry is inchoate, pan American aviation gained huge success. Xi Weier took up the post of CEO of Pan American aviation 1980, because the strategy judges error, make what Pan American aviation arose to hold high indebted, forced this company to sell the office building that is located in new York. 1981, xi Weier leaves off his post, but this action did not save this aviation tycoon. Announce to go bankrupt in the time that gets the Pan American aviation that debt perplexes to be less than in after this 10 years fully.
14, Moody CEO Xiaolei cheats De Maikedannier (Raymond W. McDaniel Jr. McDaniel Jr..
The Moody that held water 1900 and standard general Er make the whole world together most the orgnaization of two big grade that gets respect. But since Mai Kedan since Neal began to hold the position of Moody CEO 2005, this company faces a lot of criticism. Adminis dvd discovery 4 trative division of division of surname of American health Nie still mentioned to its legal lawsuit, united States Congress also is in to this company the action in credit crisis launched investigation.
Suffer a lot of media not only censure, board of inquiry of American banking crisis (The Financial Crisis Inquiry Commission) still issues subpoena to Moody recently, criticise this company did not offer enough file and email to be used at assisting investigation. Other a lot of negative problems also produced very big effect to Moody. Came 5 years in the past, moody share price glided 40% , and the Dow Jones industry of the corresponding period is average exponential criterion appreciably rises.
15, Qian Kangbai CEO loves Kade Fayifu (Eckard Pfeiffer)
Kang Bai is one of PC manufacturers with the earliest whole world, once also was one of the most successful PC manufacturers, but destroy however was in in hand of law Yi Fu.
Kang Bai was born 1982, the 3000 dollars at that time start capital to come from 3 author of this company. Of the same age, this company rolled out first business to use portable computer, namely the predecessor of notebook computer. 1984, this company rolled out first table machine, make this company is in all PC enterprises are medium at t dog crates large strong hat time, have the most extensive product line. 1989, kang Bai marchs low end server market, loot the market share of IBM and Packard Bell.
Arrive on century 90 time, kang Bai originally can better dedicated at PC and server market. But unfortunate is, fayifu (came to held the position of this company CEO) to plan to develop commerce and marketing in a large-scale however 1998 1991. 1997, kang Bai bought Tandem of high-end server enterprise, bought DEC of banner medium-sized aircraft manufacturer again 1998. Buy as a result of these two, deviate of law Yi Fu core business of Kang Bai. Notable is, fayifu did not realize the Altavista below DEC banner searchs the value of engine, this is one antedates the search engine of Gu Ge and Yahoo.
Begin to extend high-end market gradually as Fayifu, the manufacturer such as Dai Er and Gateway took the chance to reave once the low end of You Kangbai dominant the market. After holding the position of 7 years of CEO, fayifu by directorate dismiss from office. But when be late already, kang Bai cannot have come true in increasing most rapid PC market anabiosis, was bought finally by HP 2002. (Vessel grand)
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