2 ms·
key point: "Perhaps the greatest hallmark of founders who ruin their companies is that they appear to look out mostly for No. 1 rather than the interests of the
by skmurphy 14y ago
key point: "Perhaps the greatest hallmark of founders who ruin their companies is that they appear to look out mostly for No. 1 rather than the interests of the company and its shareholders. For starters, they accept excessive compensation."
Eight Companies Ruined by Their Founders:
1. Dell, founded 1984 by Michael Dell, 13.97% voting share
2. Chesapeake Energy, founded 1989 by Aubrey McClendon, under 1% voting share
3. Martha Stewart Living, founded 1997 by Martha Stewart, 86.7% voting share
4. BlackBerry, founded 1984 by Mike Lazaridis, 5.7% voting share
5. Countrywide Financial, founded 1968 by Angelo Mozilo, < 1.5% voting share
6. Groupon, founded 2008 by Andrew Mason, 19.5% voting share
7. American Apparel, founded 1989 by Dov Charney, 43.3% voting share
8. Best Buy, founded 1966 by Richard Schulze, 20.24% voting share