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

Who Destroyed the Most Shareholder Value in 2011?: Poll

Dendreon (DNDN) CEO Mitch Gold, who was voted the Best Biotech CEO in 2010 by TheStreet's readers, had a nightmare of a 2011. He mispriced Provenge, overestimated patient demand for the cancer immunotherapy and was wholly unprepared to deal effectively with the inevitable reimbursement concerns and questions that come with a new and novel therapy, TheStreet's Adam Feuerstein points out. 37% of the nearly 1900 voters thought he was the worst biotech CEO in 2011, with shares tanking 78% year-to-date.

Bank stocks were universally in the dumps in 2011. But Bank of America (BAC - Get Report) CEO Brian Moynihan took a lot of heat this year. A lot of problems that Bank of America is facing such as a weak economy and macro-economic uncertainty is not under Moynihan's control and he can hardly be blamed for the Countrywide disaster that he inherited from his predecessors.

But Moynihan has struggled to manage shareholder expectations. The bank underestimated its likely legal losses from its mortgage exposure, so much so that many analysts have given up trying to come up with an estimate. Moynihan has also talked from both sides of the mouth, constantly telling investors the bank does not need capital, yet continuing to raise money and dilute shareholders in an attempt to put market concerns to rest.

This is just the initial list. Vote on our poll and let us know what you think. Leave your comments on who else you think deserves to be on the list. You can also join the conversation on Facebook and Twitter .

Who do you think destroyed the most stock value in 2011?

MF Global Former CEO Jon Corzine
Netflix CEO Reed Hastings
Dendreon CEO Mitch Gold
Research in Motion Co-CEOS Basillie and Lazaridis
Bank of America CEO Brian Moynihan

--Written by Shanthi Bharatwaj in New York

>To contact the writer of this article, click here: Shanthi Bharatwaj.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
2 of 2

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
BAC $14.80 -1.50%
DNDN $0.06 -6.02%
NFLX $90.26 -0.86%
AAPL $95.03 -2.90%
FB $116.73 7.20%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs