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Here are our picks. Please let us know who we missed.

Eddie Lampert, Chairman and CEO, Sears Holdings

 Billionaire hedge fund manager took Kmart out of bankruptcy in 2003, then
acquired Sears for $11 billion and merged the companies in 2005 to
create Sears Holdings. Though Sears was floundering he took over as
CEO in February 2013.

 After racking up losses of $3 billion in two years, Lampert, 52, is on our list
for the second consecutive year because he’s failed to boost numbers,
instead sinking into the black pit of doom that seems to be the fate of brick
and mortar retailers who can’t manage an online strategy.

 Failed to fix Sears’ balance sheet woes by spinning off Lands’ End, after
already making Sears Hometown and Outlet Stores separate companies.

 In a deal one analyst described as “shady,” in September, loaned cash-


strapped Sears $400 million from ESL Investments, the hedge fund he
controls. The loan values stores at a steep discount, just $16 million, as
opposed to the $20 million to $50 million Sears has previous sold its
stores. It’s also low given the $5 billion of real estate assets on Sears’
balance sheet.

 “His ego says he can’t leave and cut his losses and move on,” says Tuck
business school’s Sydney Finkelstein.

Michael Jeffries, former CEO, Abercrombie & Fitch

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 Having driven the company to great popularity among teen retailers,


Jeffries, 70, presided over its sliding fortunes until he resigned as CEO in
December after 11 straight quarters of declining same-store sales

 Continues to be dogged by comments he made in a 2006 Salon


articlewhere he said, “We want to market to cool, good-looking people. We
don’t market to anyone other than that.” (Abercrombie started carrying
plus sizes late last year)

 He also reportedly enforced strict etiquette for his staffers including on the
company’s Gulfstream jet where he distributed a 40-page manual that
included a clean-shaven dress code of Abercrombie polo shirts, boxers,
flip-flops and light Abercrombie cologne. The manual also designated
where his dogs should sit.

Dov Charney, former CEO, American Apparel

 Company is in the red, with some $300 million of losses since 2010. The
board has accused Charney of tapping company funds for personal use.

 Charney has been accused of sexually harassing employees, and


reportedly helped arrange the nude pictures of a former staffer who had
accused him of sexual harassment to be posted online.

 His actions cost the company and helped send the stock down by half this
year, to just 58 cents a share.

 Behaved abusively to staffers. According to one lawsuit covered


by Bloomberg, Charney literally rubbed dirt in the face of a Malibu store
manager and berated him with expletives, at one point yelling, “Get your
f---ing s--- together, fag. Where is your f---ing creativity? Get some f---ing
girls in bikinis to stand on PCH [Pacific Coast Highway] and have them
wave a f---ing American flag.” Says Sonnenfeld, “Sigmund Freud would
have a stroke trying to capture the degree of Charney’s grandiosity and
narcissism.”

 Has hired lawyer Patricia Glaser, who has represented celebrity clients
like Paula Dean, to contest his ouster.

Travis Kalanik, CEO, Uber

 In November a senior vice president at Uber, Emil Michael, reportedlysaid


the San Francisco ride-hailing company should think about hiring a team
to dig up dirt on its media critics, and to spread personal details about
Sarah Lacy, the editor of the Silicon Valley website PandoDaily who has
criticized the firm. (Michael has said he made the statements at a private
dinner, off the record, out of frustration.) Though Kalanik denounced the
remarks, he did not dismiss Michael, a grave error, says Richard Levick.
“Fish usually stinks from the head,” he says. “This was a level of hubris
that needs to be stopped.”

 Uber stopped its service in New Delhi after a driver was arrested, accused
of raping a woman in his car.
 District attorneys in San Francisco and LA said the company falsely
advertised top safety standards with background checks, yet Uber doesn’t
do fingerprint scans of drivers.

 Officials in Bangkok, Madrid and Portland, OR told Uber to stop operations


over concerns the service wasn’t sticking to local regulations. In France,
Uber reportedly promised to match riders with “hot chick” drivers. The
French government has announced it would ban the low-cost “UberPop”
service because Uber drivers don’t meet French licensing requirements.
The list of problems goes on. “It’s a company that seems as though
they’re still operating as a fraternity,” says Levick.

Ricardo Espírito Santo Salgado, former president, Banco Espírito Santo

 Forced by his inability to pay escalating debts in the Salgado family’s


many businesses, Salgado sold his EspíritoSanto bank for just 5% of its
value. Less than a month later, in August, the bank, Portugal’s largest by
listed assets, collapsed. The debacle left investors with $10 billion in
losses

 The bank collapse has shaken the economy’s tentative recovery and the
Portuguese government has pumped $6.1 billion into the bank in a
restructuring.

 The Financial Times reported “a trail of secret offshore financing vehicles


stretching from Panama to Luxembourg which comprised a desperate
attempt to prop up the ailing Espírito Santo empire before its collapse.”
(Salgado has said he did nothing wrong.)

Louis Chenevert, former CEO, United Technologies

 In November after six years at the helm, Chenevert abruptly stepped


down. Two weeks before, on a trip to Asia, he made a side trip to check
on the construction of his 110-foot yacht.

 According to The Wall Street Journal, he was too caught up in his


personal affairs and not focused enough on the details of running the
company. He was often away from the office and difficult to reach.
Managers at some units wanted him to handle decisions in person rather
than on the phone.

 His departure package is valued at $179 million according to a valuation


for The Journal made by Mark Reilly of human resources consultants
Verisight.

 The company has recently had weak order growth and poor margins.
Mark Frissora, former CEO, Hertz

 Left in September after billionaire activist investor Carl Icahn called for his
resignation, saying Frissora’s leadership had produced a “lack of
confidence” at the company.

 Ovrersaw the acquisition of the Dollar Thrifty rental car chain, which hasn’t
brought in new profits.

 Frissora could walk away with a $14 million exit package.

Mikael Hed, outgoing CEO and cofounder, Rovio

 Profits at the Finland-based game maker, creator of Angry Birds, fell by


half in the last year and Hed “passed the hoodie,” in the company’s words,
to Chief Commercial Officer Pekka Rantala in August. “He is a coder,”
says Tuck’s Finkelstein of Hed. “He was in way over his head.”

 Angry Birds has fallen out of the top 100 of free gaming apps.

 Rovio’s expansion into animation, merchandising and publishing has failed


to make up for the loss in Angry Birds revenue.

 The company laid off 16% of its workforce.

Patrick C. Henry, former CEO, Entropic

 Head of the $207 million (revenues) San Diego company that makes
semiconductors for home entertainment systems,
Henry reportedlyattacked “Beverly Hills Nannies” reality TV personality Ari
Bellamar, dragging her by the hair and throwing her against a wall. When
she tried to call 911 he grabbed her phone and shattered it against a wall.
The two met online.

 In June a Utah judge found him guilty of assault, fined him $400 and
sentenced him to 40 hours of community service

 Facing losses, Entropic dismissed Henry in November.

 After laying off 150 workers in June, it let another 200 employees go in
November.

Gurbaksh Chahal, former CEO and chairman, Radium One

 Head of the San Francisco advertising technology company Radium One


was charged with 45 felony counts alleging he beat up his girlfriend.
 Chahal has denied the charges, writing a blog post that said he was
reacting after learning that his girlfriend had unprotected sex with other
people for money, and that the two had a “normal argument.”

 In April the felony counts were dismissed and Chahal pled guilty to
misdemeanors. He was sentenced to three years of probation and a year
of domestic-violence counseling

 In April the board dismissed Chahal.

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