Donning the role of a commander ill-equipped to save the Titanic of the banking world, Citigroup’s India-born chief Vikram Pandit has found a place among the 20 worst-ever CEOs in American history. The top honour has gone to bankrupt Lehman Brothers’ Dick Fuld.
The list of America’s 20 worst-ever CEOs, compiled by business magazine Conde Nast Portfolio after consulting with a panel of business school professors, identifies the business “leaders who helped drive their companies into the ground”. It includes “six men who helped make today’s economy stink”, the magazine said.
The list has been topped by Fuld, under whose stewardship Lehman Brothers became the world’s biggest-ever bankruptcy candidate. Pandit has been ranked last at 20th position in the list.