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How does a CEO take over the leadership mantle and manage to send company shares plummeting into the ground? That was the question Jim Cramer asked on Monday night's "Mad Money" while nailing Regions Financial (RF Quote)CEO C. Dowd Ritter to the Wall of Shame.
Since Ritter took the reins of the bank on November 6, 2006, the stock price has fallen from $37.66 to yesterday's close at $4.07. That's an 89% nosedive.
Ouch. ...
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