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Annual "Worst CEO" List Released 121

Posted by samzenpus
from the top-of-the-heap dept.
angry tapir writes "Zynga's Mark Pincus made the annual 'Worst CEOs' list compiled by Dartmouth College professor Sydney Finkelstein. Mark Zuckerberg of Facebook and Andrew Mason of Groupon received dishonorable mentions. Zuckerberg earned his dishonorable mention on the list partly due to his 'hoodie mentality.'"
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Annual "Worst CEO" List Released

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  • by Anonymous Coward on Thursday January 10, 2013 @03:52AM (#42543423)

    My top three are all social media related. Imagine that.

    1. Microsoft buys Yammer for $1.2 Billion
    "Enterprise social network" -- a solution looking for a problem. This is almost as bad an idea as Ballmer's Skype acquisition in 2011.

    2. Facebook buys Instagram for $715 Million
    Zuckerman didn't even ask the board. Meanwhile users are leaving Instagram like someone set the company on fire. And they're still not profitable.

    3. Zynga buys OMGPOP for $180 Million
    Pincus thinks he's the next EA, while the entire company rots away under him.

    There are a lot more (thinking rather pointedly of AMD, Apple, Samsung, Nokia), perhaps we can compile them all here.

  • Re:Missing names (Score:5, Interesting)

    by niftydude (1745144) on Thursday January 10, 2013 @03:59AM (#42543453)
    Seems to be a worst CEO of US-based companies list. Nokia is Finnish. Also, Nokia is Finished :drumroll:.

    I would have thought Rupert Murdoch would rate a mention after the recent UK debacle though.
  • by Anonymous Coward on Thursday January 10, 2013 @04:24AM (#42543535)

    I feel there have to be worse things than what is mentioned in the story. Things like demotivating your entire company by firing people the day before their promised stock vests, actually killing the company you're running, stealing a significant chunk of money or other assets, keeping the company alive only because of a massive bail-out, those are things I would expect to make the list.

    What's actually on the list seems comparatively tame. Hoodie mentality, seriously? Do we really still value complying with dress codes that were set in a different era higher than actually creating a multi-billion dollar company?

    Disclaimer: I work for Facebook, however, I imagine my opinion would be much the same if I didn't. Also, this is my personal opinion; not necessarily that of my employer.

  • Re:Missing names (Score:5, Interesting)

    by SalsaDoom (14830) on Thursday January 10, 2013 @05:31AM (#42543777) Journal

    I don't know. Ballmer is one of my favorite CEO's in IT today, possibly in all of IT's history. Speaking as a Linux user, I hope he stays with Microsoft for as long as its operating ;) BALLMER RULES!

  • Follow the money (Score:5, Interesting)

    by SmallFurryCreature (593017) on Thursday January 10, 2013 @06:03AM (#42543895) Journal

    Or in this case, follow the ideology of the "Professor" in question. We like to think people who think themselves smart are above having agenda's. But are they?

    I wonder how this guy DOES views Elop. Or indeed Nobuyuki Idei, the man who killed Sony. A managers manager, a man who had the shareholder firmly in mind. Who followed the tree factors that determined this list... AND ruined the company with it.

    This "professor" dislikes the "hoodie" mentality, dislikes companies thinking their engineers are important when they should be worried about this quarters stock performance. So... it isn't that much of a leap to conclude this professor is of the Wallstreet business school, you know, the guys who gave us this wonderful robuust economy.

    Are the mentioned CEO's bad leaders for their company OR did they just upset Wallstreet to much? ALWAYS question the source of a message, it tells you a lot about the message and how you should treat it. This list? Make up your own mind.

  • by Anonymous Coward on Thursday January 10, 2013 @09:28AM (#42544711)

    *We* can see he's lost the Wintel control to ArmAnd, but the people who compile these lists always do so in hindsight. Ballmer is still plausibly denying the failure with huge write-off, ramping up the price to the remaining captive customers and misdirections.

    Likewise Elop, he's "the sun will come out tomorrow" man. Still able to do leasebacks, got $2 billion from MS etc. still able to make the failure deniable.

    On the other hand Aubrey McClendon, well I read about him nearly 5 years ago, investing peronally alongside the company in obvious conflicts of interests, I got the impression he was borderline criminal. An Enron waiting to happen, but that was like 5 years ago!

    So I think Tomi's arguments make sense and Nokia's demise is inevitable. When I heard they'd be making RT tablets, I just wonder why the Nokia board haven't acted yet. It must be screaming them in the face, even Cheasapeake acted, albeit late and only partial.

  • Re:Nice! (Score:4, Interesting)

    by GameboyRMH (1153867) <gameboyrmhNO@SPAMgmail.com> on Thursday January 10, 2013 @11:38AM (#42546263) Journal

    I could crash two Bugatti Veyrons a week and be as successful as Groupon at their peak.

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