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.
He may not know how to run a company, but that Monkeyboy sure can dance!
Agreed with MDN. I believe that Microsoft is one of few companies can entertain us by watch Steve Ballmer to throw chairs and dance like monkey.
Uh oh. Looks like the “cat’s out of the bag”. Bummer.
Let’s hope no one reads Forbes! 😉
What about Stephen Elop? At least Balmer’s company is making a ton of money. Elop has killed Nokia…
*for now*
Ballmer is in the process of killing Microsoft. Nokia is beyond help already.
Microsoft is already dead. It died a dozen years ago, but it’s such a massive, bloated corpse, it takes a long time to rot.
This.
He looks like Mutt Wrongly when he heard that his tax bill was another two million higher.
I can’t even watch this. It’s too… too… wow…
Dance, Monkeyboy, dance!
Steve Ballmer is a Psychopath.
Tired of being in Apples shadow of success he rants and has these tantrums. Why invest in Microsoft they sold their crap to the world and let the Eastern builders take handle of where computing was going. If thats America and how to do business – success if doomed then.
Quick, take Balmers name off the list and add Dimon’s in his place. Balmers doing a really great job……Dimon’s is the new antichrist.
Shit, is it to late to get that changed?
We love you ballmer no matter what the nay-sayers think. Best CEO evar.
I suspect many Netflix shareholders, subscribers, and former subscribers feel very neglected that their CEO is not on that list.
You forgot to mention Jamie Dimon of JPMorganChase.
I am shocked! Balmer is a bad CEO? I too like his strategy. I like it a lot.
I say Steve Ballmer for President…..
(of another country)
LET’S not forget the one that touches most of us EVERY DAY…. Jamie Dimon….. Purveyor of most things that will be the undoing of the world’s economy…
“We like his strategy. We like it a lot.”
I just love that phrase!
Yeah, John Chambers, the man who destroyed Cisco. I remember standing in a Fry’s checkout line behind him on June 19, 2000, when he was muttering away about how gloomy the future looked. I called my broker and sold it hours before its peak of $69.00 the next day. I made a killing. The stock took such a dive that a year later it was hovering around $18 and the first of many layoffs had been completed. Today’s close was at $16.71, about what i paid for a bunch of stock 15 years ago.
And the stocks will feed the people and life will be good.
Its gambling in the commodities of the world. There will be winners and usually more losers. When you lose lets see how life is for you. Your stock investments one day will take you on a spiral ride down… and when you look up don’t ask why. You got yourself to blame. Enjoy the ride for now. After all you are what matter most in the world right.
Money talk makes me sick. Greed. You made a wise move and yeah I’m happy for you. You made a gain at the right time. That is means what for you? Helps the world to be a better place. What your intelligence and timing is superior? Talking money is like talking about your sexual triumphs. Its boastful and pointless. Shows how shallow you are.
You were in line with him. He was talking to himself… and if you happened not to be there that day… you would have been sucked down to where the prices started 15 years ago when you bought in. Losing nothing but gained nothing. Thats called luck. Or someone up above had given you that one opportunity to pullout completely but once a gamblier the addiction is for life.
Learn to live, life not ride it.
“After all you are what matter most in the world right.”
You say that like it’s a bad thing…
Lambent mediocrity is a weed that should be rooted out the moment that it rears its ugly head. Easier said than done.
I don’t think the mediocrity is lambent; it shines like a beacon in most every venue in the US right now…
In the Video Clip, Notice how he was Sweating & outta Breath, Good Lawwwwwwwd. What a Moron!!!!
Thanks for the insight. I hadn’t noticed the sweating and the heavy mouth-breathing in the clip. Also, I believe here on MDN, the correct phrase is “What a maroon!” 😉
Yeah, my doc would give me a really hard time with a display like that. Astonishing really.
Does this sort of clownish embarrassment go down well in the US?
Jamie Dimon of JPMorganChase has to be #1 by a wide margin.
Why isn’t Michael Dell on the list?
Unless I’m mistaken, Michael Dell has already sold the company and gave the money back to the investors. Unless I’m mistaken.
Steve. You rock. Keep it up.
How about all those wonderful bleak berries.
Woz should be Microsh*t next CEO 😉
6. Hiroshi Yoshioka, Sony Corporation.
(I hear loud flushing sounds in their future).
7. Lee Kun-hee, Samsung Electronics.
(Digging ever deeper Samsung’s grave).
8. Antonio M. Perez, Eastman Kodak
(Hello!)
9. James Dimon, JPMorgan
(Clever crook this fellow, announcing a $2 billion loss after most stockholder votes had already been cast).
10. Brian Moynihan, Bank of America
(Talk about grave digging!)
11. John Stumpf, Wells Fargo
(One foot already in it…)
12. Michael Dell, Dell Computer
(Well DUH!)
And how could I forget lucky #13:
13. Bob Benmosche, AIG
(Party on until the money runs dry, again!)
You can say this about Ballmer though:
Luckiest dorm room assignment in history.