Self-driving Tech Company Aurora’s Ceo Floats Possible Sale To Apple, Microsoft

By | 02/09/2022
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From employee scandals to legal controversies, some companies take faced serious problems afterward their CEOs put their entire future in jeopardy with their questionable deportment. Even powerhouse companies like Nike, Victoria’s Secret, Groupon, Etsy and Uber weren’t allowed from damaged reputations caused by controversial CEOs.

Intense media backlash, fallouts with shareholders, lies, arrests and plenty of questionable actions — these CEOs near price their companies everything. Are you ready to see the controversial entrepreneurs who were fired from their own businesses? Permit’s take a look!

John Schnatter – Papa Johns

When we talk about a CEO hit with the most media backlash, the one and only John Schnatter of Papa John’due south Pizza comes to mind. Schnatter came under fire because of his comments related to the NFL and national canticle protests. He finer said poor NFL leadership affected Papa John’s shareholders.

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What really didn’t help his case was that he dropped a racial slur in the procedure. The intense social media backlash resulted in a 30% drop in Papa John’south share price. Every bit of 2019, Schnatter has sold a 3rd of his stock in the visitor, claiming information technology’south doomed, and he doesn’t want to run into the crash.

Ane of the most controversial Hollywood personas in 2019, Harvey Weinstein is a old film producer who came under fire when advocates of the #metoo campaign accused him of sexually assaulting more than 80 women during his fourth dimension as an influential Hollywood figure. Due to the intense and immediate backlash by the Hollywood pic industry and on social media, his own visitor fired him.

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Weinstein no longer works in the picture show industry due to his reputation. He is nevertheless subject to plenty of lawsuits and other significant court cases surrounding the sexual attack allegations. One criminal trial recently started in January 2020.

Rob Kalin – Etsy

Rob Kalin is one of those founders that quit his own visitor not simply once, just twice — first in 2008 and again iii years afterwards in 2011. Although Etsy’south global reputation remains solid, rumor has it that Kalin wasn’t upwards to the challenge of scaling the company’s growth. Co-ordinate to critics, Etsy wasn’t managed professionally nether Kalin’s leadership.

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Rather than dissentious the company’due south reputation further, he decided to leave and hand things over to Chad Dickerson, who was later fired. The share cost of the company plummeted, and 17% of Etsy’s workforce was laid off in 2017.

Travis Kalanick – Uber

Travis Kalanick is perhaps ane of the most notable names in the corporate world. Being the founder of Uber was never an easy job, and Kalanick came under burn down later on the visitor faced a major public relations crisis in 2017. Uber was defendant of toxic in-house environments, sexual harassment and an unethical culture.

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The controversial CEO reportedly ignored repeated sexual harassment claims in the visitor and behaved inappropriately in professional person situations, prompting growing business organisation for Uber’due south in-business firm and global reputation. After many controversies, he resigned in 2017 along with several other peak company managers.

Jonah Peretti – BuzzFeed

BuzzFeed’due south reputation tends to exist questioned and criticized due to the diversity of content on the platform. When Jonah Peretti, the company’southward CEO, had to allow more than 200 employees go without alert, the controversial deportment quickly became public knowledge.

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The company was criticized for not paying its community contributors, including an unpaid teenager who brought in more than 130 million website views in 2018 with her quizzes. Peretti also came under fire subsequently suggesting that people bring puppies to the role on the day of the layoffs, an activity that many deemed to be insensitive.

Roger Ailes – Play tricks News

2017 was a huge year for controversies in the world of big business and CEOs, and many of those controversies ended up changing companies forever. Fox News was no stranger to controversy and scandal, just the network giant took a huge reputation hit in 2017.

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The company’south CEO, Roger Ailes, and some top news anchors in the company were accused of multiple counts of sexual harassment. The anchors got their shows canceled, and Ailes was fired when more than than a dozen women came forward to accuse him. In May 2017, Ailes passed away from hemophilia.

Lee Jae-yong – Samsung

Samsung faced its biggest controversy in 2016, thanks to problems with exploding batteries that injure both people and the company’s reputation. Only a year subsequently, the company came under fire for its questionable leadership. Samsung is family-run, with Lee Jae-yong one time at the forefront.

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However, in 2017 Jae-yong was arrested based on accusations of embezzlement and corruption, which included bribing S Korea’southward ex-president. He was released from jail in 2018, simply his future with Samsung is unclear. The company was too guilty of several labor offenses, and antitrust concerns arose after Jae-yong’s bribery scandal.

Aubrey McClendon – Chesapeake Energy

Leadership comes in many shapes and forms, and some CEOs are known to be slightly more aggressive and reckless than others. In 2018, Chesapeake Energy’due south CEO, Aubrey McClendon, made the news when he was questioned nearly the legitimacy of borrowing money from some of his investment wells.

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It was revealed he had borrowed more than $i billion for personal investments in wells that were initiated by Chesapeake. The reports completely tarnished the visitor’due south reputation, with many believing Chesapeake was no longer a natural gas visitor, but rather a domain for McClendon’southward personal ventures.

Andrew Bricklayer – Groupon

Andrew Stonemason has been embroiled in quite a few controversies that direct hurt Groupon’s reputation with its investors every bit well as with consumers. The CEO struggled to motility on from the company’south fun start-upwardly life and came under burn down plenty of times for his behavior, including one incident where he drank beer during one of the investor meetings.

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Wall Street also started to lose religion in the company, challenge that Groupon had lost managerial focus and conviction. In 2012, CNBC named Mason the “Worst CEO of the Year,” claiming his antics put a bad image on the company’s corporate reputation.

Martin Shkreli – Turing Pharmaceuticals

One of the biggest pharma scandals was perpetrated by CEO Martin Shkreli, oftentimes dubbed i of the virtually hated men in America. Shkreli received global criticism in 2015 afterward raising the price of a common drug used to treat parasitic diseases.

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It may be quite normal for drug companies to raise their pricing, but because of Shkreli’s decisions, this item antiparasitic was existence sold for $750 per pill instead of $13.fifty per pill. He was also charged with securities fraud, resulting in a seven-year prison house sentence and a fine of more $7 meg. He is currently in prison.

Bongani Nqwababa and Stephen Cornell – Sasol

Some companies take joint CEOs in order to complement each other’southward business organization and leadership skills. Of course, that approach doesn’t e’er work out. Bongani Nqwababa and Stephen Cornell both agreed to resign afterwards initiating a project that toll the company more $12 billion and dramatically lowered Sasol’southward share cost by 44%.

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An investigation into the projection uncovered misconduct and incompetence at peak management levels equally well as financial communications with the co-CEOs. Afterward the two executives resigned, the visitor’s share toll went support based on the hope of a meliorate company civilization and management.

Sanjay Kumar – Calculator Associates International

The infamous 2004 Computer Assembly International fraud scandal put the company’south reputation at run a risk. The multi-billion-dollar fraud involved the participation of many employees, from top-level management all the way down, but the primary person responsible was the CEO, Sanjay Kumar.

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The company was accused of intentionally miscalculating its revenues in the previous quarter, committing a serious regulatory criminal offence and harming the company’s relationship with its shareholders. It was proven that top management removed contract time stamps and did everything they could to falsely inflate sales and profits. Kumar was arrested in 2006 and released from prison in 2017.

John Fellows Akers – IBM

IBM’s reputation among employees (likewise equally not-employees) tends to exist below average. In the late ’80s, the company’s CEO, John Fellows Akers, made some significant changes to speed upwardly the process of delivering their products to the market place.

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He created three autonomous organizations within the company, merely the strategy wasn’t successful. Instead, information technology resulted in huge business organization losses as well as more than than 40,000 employees losing their jobs. He was ultimately removed by the board, and the company is nevertheless trying to rebuild IBM’s reputation with both consumers and employees.

Adam Neumann – WeWork

WeWork was without a incertitude 1 of the most successful coworking and co-living startups — for a while. Yet, in 2019, the company’s downfall started when its CEO, Adam Neumann, began to lose the confidence of the visitor’southward investors due to his inability to run the public corporation efficiently.

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In the midst of brutal losses, Neumann stepped down from his CEO position, just non before he received near $200 million in consultancy fees and almost $1 billion from selling WeWork stock to SoftBank. In 2019, Neumann was also sued by a former employee for sexual bigotry.

Kevin Plank – Nether Armour

Nether Armour has faced many challenges over the past decade, as the company has struggled to keep upwards with other sportswear brands like Nike and Adidas. It lost $200 million due to restructuring and layoffs, and many employees came forward with negative allegations about its CEO, Kevin Plank.

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The company was criticized for its overly relaxed civilisation, which included regular company-paid trips to strip clubs. Plank was also part of an affair scandal with an MSNBC anchor. The visitor’southward reputation took a striking with its shareholders, and Plank was forced to resign.

Marking Parker – Nike

2018 and 2019 were difficult years for Nike’s PR team, as the company’s CEO, Mark Parker, was accused not only of a controversial doping scandal, but also sexual harassment and gender bigotry in the workplace. An investigation revealed emails of Parker communicating with motorbus Alberto Salazar about using functioning enhancing drugs that wouldn’t be discovered past doping tests.

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Two ex-employees sued the company, stating that the salaries of women were lower than salaries of men. Parker officially left Nike in 2019, along with several executives and the president of the Nike brand.

Jan Singer – Victoria’south Secret

Victoria’s Secret has reportedly struggled with sales and profits over the past couple of years. In 2018, the company’s CEO, Jan Vocaliser, resigned when a Faddy interview with Victoria Hole-and-corner’s main marketing officeholder highlighted that the company’southward controversial strategy was to market its products just to certain types of women.

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The company has also been criticized for not responding to the consumer need to put comfort before lace as well as failing to embrace inclusivity. Unable to satisfy these demands and restore the company’s reputation, Jan Vocalizer resigned.

John McAfee – McAfee

McAfee’s former CEO, John McAfee, has led a life that could accept been taken directly out of an intense criminal offense movie. Subsequently relocating to Belize, McAfee was questioned by regime as a person of interest in the murder of an American expatriate.

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The interrogations made McAfee avert Belize and relocate to Guatemala, where he proceeded to blog nigh his fourth dimension on the run from the constabulary. He was then arrested and near faced deportation, but he faked two small-scale centre attacks to buy fourth dimension for his lawyer to file an appeal. We couldn’t make up this kind of crazy if we tried!

Elon Musk – Tesla

Although Tesla is becoming more and more than popular, Elon Musk is no stranger to outrageous controversies. He might non compare to some of the other CEOs on our list for bad management, but it has been reported that Musk is 1 of the toughest bosses out in that location.

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In 2015, he reportedly scolded an employee for leaving for the nativity of his child instead of staying at piece of work. Tesla workers have besides come forward to claim they were fired for taking sick or maternity leave. Apparently, the law means nothing to Musk, and the visitor has faced several lawsuits, including some related to discrimination and harassment.

Bernardo Hees – Kraft Heinz

Kraft Heinz faced a big shakeup in 2019 later its CEO stepped down in the wake of a huge value reject in the company’due south stock toll. Originally separate companies, Kraft and Heinz merged when they were acquired by 3G Capital.

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Bernardo Hees took control of the company and came under fire for his strict management and bizarre rules, which included 1 that wouldn’t let employees to bring rival food brands into the office. This had a dramatic outcome on the company’s in-business firm reputation, especially afterward many layoffs and budget cuts related to operating and managing the company.

Marissa Mayer – Yahoo

Marissa Mayer has been named one of the worst CEOs in American history. Impressive, right? She took over Yahoo in 2012 in hopes of restoring the search engine’southward greatness so it could compete with giants like Google. Her strategy involved acquiring 53 internet companies. However, apart from Tumblr, none of them made whatsoever significant noise in the online globe.

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Additionally, the Tumblr acquisition concluded with its value decreasing by a staggering $230 1000000. She also prevented employees from working from home in an attempt to bring the team closer together again. None of the strategies worked and only resulted in layoffs and her official dismissal.

Kenneth Lay – Enron

Kenneth Lay was a huge effigy in Enron’s early days, as it made its way to the meridian as an energy-trading giant. Unfortunately, bad business practices led to the visitor’s downfall. Afterwards investigators uncovered accounting fraud, the business organisation’ stock price plummeted from $90 to $ane, and its shareholders lost $11 billion.

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The loss resulted in Enron filing for bankruptcy in what was 1 of the largest corporate bankruptcies in America. Lay and another Enron executive, Jeffrey Skilling, were arrested for fraud and conspiracy. Lay passed abroad from a heart attack during the sentencing stage of his trial. Skilling spent years in prison and was released in 2019.

Bernie Ebbers – MCI WorldCom

In 2002, the success of MCI WorldCom’southward concern ventures came to a crushing end. Bernie Ebbers, the company’southward CEO, was involved in the largest accounting fraud in history, making a staggering $eleven billion in misstatements. Ebbers was also accused of taking millions of dollars from the company for personal loans.

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It was too tardily to salve the company at that bespeak. The huge scandal plummeted MCI WorldCom’s stock toll, and the company’southward shareholders lost more than than $100 billion. Ebbers was arrested and sentenced to 25 years in prison house. He is ready to be released in 2028.

Mark Hurd – Hewlett-Packard

Mark Hurd may non be on the aforementioned level equally some of the CEOs on our list, but that doesn’t hateful he’s not guilty of some wrongdoing. He was fired as CEO of Hewlett-Packard later he was caught submitting inaccurate expense reports. To brand matters worse, he tried to hide his relationship with a female contractor who was involved with the business organization.

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Hurd was fired for inaccurate expense reporting and demonstrating poor leadership skills that didn’t live up to CEO standards. The determination was unanimously made by the board, who stated that his “conduct undermined the standards” set for employees.

James McDermott – Keefe, Bruyette & Forest

Keefe, Bruyette & Woods is an investment bank that didn’t get by without a scandal in the late ’90s. The company’southward CEO, James McDermott, was involved in a relationship with an adult film actress, Marilyn Star (likewise oft styled as Marylin Star). He revealed confidential company information about a hereafter merger, and Star passed the information on to some other lover.

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The couple used McDermott’s information to invest in the stock marketplace and fabricated more than $80,000. McDermott was arrested and forced to pay a fine of $230,000, while Star only faced a few months in jail.

Martha Stewart – Martha Stewart Living Omnimedia

Ah, Martha Stewart — what do you call back well-nigh when you hear that proper noun? Starting her catering company dorsum in 1976, Stewart shortly became a strength to be reckoned with in the culinary world. She launched her own company, Martha Stewart Living Omnimedia, and that’s when things started to become downhill.

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She was establish guilty of conspiracy and insider trading and served five months in a minimum security prison house. Although her make recovered from the bad press, Stewart is frequently associated with time in prison as much equally culinary success.

Abby Lee Miller – Abby Lee Trip the light fantastic Company

Abby Lee Miller is an infamous dance instructor and the possessor of Abby Lee Dance Visitor. Climbing to fame due to the TV show
Trip the light fantastic Moms, Miller showed the world her graphic symbol equally 1 of the toughest dance teachers effectually.

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In 2015, her reputation took a hit when she was charged with defalcation fraud and hiding more than $700,000 in assets. She was convicted and sentenced to 1 year in prison house. As of 2019, Miller is back teaching, but her reputation will never be the aforementioned again.

John Browne – BP

The John Browne scandal is slightly dissimilar than the others on our list. Browne, the CEO of BP, lied under adjuration when he was asked nigh his relationship with his boyfriend. Specifically, he lied most how they first met, saying they were both jogging in London when, in fact, they met through a male person escort agency.

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This resulted in a permanent dismissal from the visitor, mostly to ensure impairment control before perjury accusations could injure the brand. Browne also forfeited a multimillion-dollar severance packet upon his get out.

David Edmondson – RadioShack

David Edmondson spent more than than 10 years at RadioShack before revealing a shocking truth — he had lied on his CV. The CEO of the visitor claimed he had received a theology and psychology caste, just he actually only finished two semesters at a school where a psychology caste was never even offered.

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In truth, he didn’t agree whatever degrees whatever. He admitted to lying on his resume in 2006 and resigned shortly after that. The discovery came most after Edmondson was arrested for DUI, and a newspaper started digging up information about his past.

Harry Stonecipher – Boeing

Boeing is no stranger to controversies from inside and outside the company. In 2003, Harry Stonecipher came out of retirement and became the visitor’due south CEO, only he didn’t seem to larn anything from the quondam CEOs’ mistakes.

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Affairs with employees are a huge no-no in the business world, and Stonecipher just didn’t listen. An investigation into his emails with one of his executives confirmed the thing, forcing Stonecipher to resign after just eighteen months in the position. After news of the affair bankrupt, his wife filed for divorce. At to the lowest degree information technology was for truthful dearest, as Stonecipher later married the employee.