Their list from the video:
10. Carly Fiorina (spit), Hewlett-Packard.
- Mentions disastrous merger with Compaq, 30K workers laid off, stock value halted. Notes the stock price went up 7% upon her firing.
- Video doesn't note Fiorina went on to be a GOP fraud. She said in 2019 that “I think it is vital that (Trump) be impeached,” Fiorina said (to CNN). But whether Trump should be removed from office, Fiorina said, “this close to an election, I don’t know.”
9. Fred Goodwin, Royal Bank of Scotland
- "Fred the Shred";
- bloated Royal Bank of Scotland right before 2008 financial crisis;
- RBS required a public bailout;
- tried to hold on to 8 million pounds of pension;
8. Marissa Mayer, Yahoo
- purchased Tumbler for $1.1 billion, led to nothing;
- sank its advertising unit;
- Sold core internet assets to Verizon for just $5 Billion;
7. Eddie Lampert, Sears
- Treated Sears like an asset collection to be sold off;
- failed to invest in updating stores;
- missed out on eCommerce trend;
- (me, not the video) forced Sears to do deals that benefitted Lampert personally;
6. Bernard Ebers, WorldCom
- Rapid growth thru acquisitions in the 90s;
- Tech Bubble Burst in early 2000 damaged company, but decided to hide $11B of losses thru deception;
- Went to jail for ~13 years, died soon after;
5. John Sculley, Apple
- Fired Steve Jobs (but Jobs was an uncontrollable a-hole);
- Apple product line got bloated, confusing and expensive;
- Lost market dominance to Microsoft;
4. Martin Winterkorn, PhD, Volkswagen
- Chairman during the VW Diesel emissions cheating scandal;
- Maybe he didn't do the deception, but created a corporate culture that wasn't good;
- Trust in VW plummeted and never really recovered;
3. Adam Neuman, WeWork
- Charismatic and chaotic pot-head and boozer;
- Cultish organization that blew thru tons of money;
- Business model made no sense, IPO attempt exposed it all;
2. Jeffery Skilling, Enron
- 10 years in prison for accounting fraud;
- Did it with Founder and Chairman Kenneth Lay,
- Erased billions in shareholder value when fraud was exposed;
1. Elizabeth Holmes, Theranos
- Fraudulently claimed to have technology to do multiple blood tests at once;
- Lab results were not accurate;
- Convicted for criminal fraud, incarcerated at a "Club Fed" prison;
