GO
Loading...

21 / 22    

Portfolio's Worst American CEOs of All Time

By Portfolio.com

» more from Leadership

1. Dick Fuld

It’s one thing to oversee the collapse of one of Wall Street’s most esteemed firms, Lehman Brothers. But when your hubris triggers a national financial panic as well, you’re a shoo-in for top prize. Fuld’s reckless risk-taking may have been typical of Wall Street, but his refusal to acknowledge that his firm was in trouble—and take the steps necessary to save it—was beyond the pale. Since filing the largest bankruptcy in U.S. history ($613 billion in debts outstanding), Fuld has been belligerent and unrepentant. Even Bernie Madoff said he was sorry.

THE STAT: Fuld was recently spotted trying to figure out the Jet Blue check-in machines at La Guardia Airport.

By Portfolio.com