CEOs who left their posts due to wrongdoing
A look at a selection of corporations' chief executive officers who were ousted, resigned or stepped down from their positions for various reasons.
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July 2004
John Rigas
Adelphia Communications
Founder of cable television company Adelphia Communications, convicted in 2004 of charges including securities and bank fraud. Currently serving 12 years in prison. Indicted in 2008 on additional charges of tax evasion.(AP Photo) -
June 2009
Angelo Mozilo
Countrywide Financial
CEO of Countrywide Financial sold hundreds of millions of dollars in stock personally, while publicly touting the stock and using shareholder funds to buy back stock to support the share price. On June 4, 2009, he was later charged with insider trading and securities fraud.(AP Photo)