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| Edited By: |Source: Agencies |Updated: Mar 16, 2018, 04:29 AM IST
While software czar Bill Gates, legendary investor Warren Buffett, and Apple’s Steve Jobs have been named among America’s all-time best CEOs, Citigroup’s India-born chief Vikram Pandit has found a place among the 20 worst-ever CEOs in the country’s history.
Both lists have been complied by US publication Conde Nast Portfolio after consulting a panel of business school professors and identifies the business “leaders who helped drive their companies into the ground”.
The magazine branded Pandit as a commander ill-equipped to save the Titanic of the banking world, ranking him 20th on the list of worst ever CEOs. The first slot has gone to Dick Fuld, under whose stewardship Lehman Brothers became the world’s biggest ever bankruptcy candidate and marked the epitome of the current economic crisis.
These 20 worst CEOs include “six men who helped make today’s economy stink”, the magazine said.
About Pandit, the magazine said he “did not create the mess Citi is in, but he is the financial services equivalent of the Titanic’s Edward Smith — a commander ill-equipped to save his ship”.
Conde Nast Portfolio has named automaker Ford Motor Company founder Henry Ford the best CEO of all time, followed by financial services major JP Morgan’s JP Morgan in second place.
Forbes, meanwhile, has come out with a list of highest paid CEOs, featuring Pandit, PepsiCo’s Indra Nooyi, and Adobe System’s Shantanu Narayen. Oracle’s Lawrence J Ellison is the highest paid CEO in the US at $556.58 million in 2008.
