Adam Hartung, writing for Forbes, takes a look at five CEOs, “frequently honored for their position” who “control of resources and personal wealth, are doing horrific damage to their companies, hurting investors, employees, suppliers and the communities that rely on their organizations. They should have been fired long before this week.”
Five CEOs who should have already been fired:
5. John Chambers, Cisco Systems
4. Jeffrey Immelt, General Electric
3. Mike Duke, WalMart
2. Edward Lampert, Sears Holdings
1 – Steve Ballmer, Microsoft: Without a doubt, Mr. Ballmer is the worst CEO of a large publicly traded American company today. Not only has he singlehandedly steered Microsoft out of some of the fastest growing and most lucrative tech markets (mobile music, handsets and tablets) but in the process he has sacrificed the growth and profits of not only his company but “ecosystem” companies such as Dell, Hewlett Packard and even Nokia. The reach of his bad leadership has extended far beyond Microsoft when it comes to destroying shareholder value – and jobs.
Read more in the full article here.
MacDailyNews Take: No, no, no! Steve Ballmer is doing an excellent job! We like his strategy. We like it a lot.