Listen Now: The Top 3 Worst CEOs In History: See Who Made The List
A lot of people can climb the corporate ladder; but not all of them can stay at the top.
The biggest asset for a company, no matter how big or small, is its reputation. And while it can take a lot to establish, it’s pretty easy to ruin it.
Recently GoBankingRates put together a list of twenty-eight CEOs who either saved or sank major companies. And while there are lots of stories to tell, there are three that almost killed some of the world’s biggest companies by damaging their brand.
For example. Wells Fargo CEO John Stumpf. During his thirty four years at the company, bank employees began opening credit card accounts for customers who hadn’t asked for them. Then, those customers were charged late payment and overdraft fees for accounts they never knew existed.
When the scandal came to light, at least five thousand employees were involved. Stumpf resigned and the company is still trying to win back customer support.
For the top terrible CEOs in history, check out the original article now; get a lesson in what not to do.
CBS News Radio national business journalist Brian Banmiller has spent more than 40 years in the news industry, covering business, politics and the economy on television, radio and in print. Currently, his “Banmiller on Business” reports are delivered to an audience of millions nationwide.
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