This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Nation's Worst CEOs

In the late 1990s, investors deified corporate chief executives. In the first few years of the 2000s, CEOs were vilified. And now they seem largely ignored, seldom appearing in the financial media unless they're in handcuffs. They are the forgotten souls of Wall Street's remodeled machine.

But that doesn't mean that the overpaid and underachieving heads of many public companies aren't just as lame as ever. It simply means that we've become complacent about the hardships they cause shareholders when they pursue bad strategies, bad communications, bad hiring, bad products and bad marketing -- and then blame their problems on the weather, world politics or traders.

Who are the worst chief executives out there at the moment? You could probably name the CEO of every company you've lost money on. But a handful should be at the top of every capitalist cynic's list.

David Dorman

Let's start with David W. Dorman of AT&T (T - Get Report). This one is almost too pathetic to make fun of. True, he inherited a junkyard dog of a company from predecessor C. Michael Armstrong, but he hasn't done anything to improve Ma Bell in the past two years. With such an immensely renowned brand name and a legendary research-and-development team, you would think that Dorman could make his company synonymous with the global growth of networking as a way of life.

Yet he appears to be pushing the company ever deeper into the background, outsourcing its wireless business in an expensive deal with Sprint, losing the price wars on bundling home wire line and broadband services to the more aggressive Baby Bells and the formerly bankrupt MCI, making its long-distance plans more ridiculously complex than ever, experimenting with a high-quality-but-high-cost enterprise strategy, pursuing Internet-based telephony too slowly and timidly -- and now, through no fault of its own, losing its local phone service connection in the recent court battle over FCC unbundling rules.
1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
HPQ $12.74 1.59%
ORCL $39.23 0.67%
T $33.77 0.30%
AAPL $117.34 -0.81%
FB $107.12 2.76%


Chart of I:DJI
DOW 17,888.35 +168.43 0.95%
S&P 500 2,102.63 +22.22 1.07%
NASDAQ 5,156.3060 +47.64 0.93%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs