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CEOs Who Risk Big for Big Paydays

 

 

Research shows that incentivizing CEOs with large pay and stock-option packages doesn't always have the intended effect of aligning their interests with shareholders. These six CEOs got fired because their risky moves backfired. Did their big paydays blind them to risk?

  1. Angelo Mozilo
    Countrywide
  2. Stan O'Neal
    Merrill Lynch
  3. Carly Fiorina
    HP
  4. Ken Thompson
    Wachovia
  5. Kerry Killinger
    WaMu
  6. Chuck Prince
    Citigroup

 

 

A version of this article appeared in the February 2009 issue of Fast Company magazine.