BUSINESS NEWS
INVESTING
- Stock Quotes
- Stock Charts
- Stock Ticker
- Portfolio
- Stock Screener
- Broker Center
- Mutual Fund Center
- ETF Center
- Money
- 24/7 Wall St.
PERSONAL FINANCE
- Banking
- Personal Finance Advice Center
- WalletPop
- Finance Calculators
- Credit Cards
- Credit Reports
- Debt Management
- Identity Theft
- Insurance
- Interest Rates
- Finance Community
- Money Coach
- Loans
- Mortgages
- Retirement
- Specials
- Taxes
- Bill Pay
SMALL BUSINESS
Top 10 CEO
Stock Losers
Previous-
Bye-Bye Billions
As the bears took over Wall Street, some big-name CEOs, rewarded handsomely in years past with stock options, have seen the value of their holdings plummet dramatically.
BusinessWeek spills the beans on which of these execs have been wounded the most by the tough stock market (from 10/07 through 2/25/08). View our gallery to see BW's losers list.
· Article: Billion-Dollar Losers
Next: No. 1 CEO Stock LoserMore From BusinessWeek:
-
Justin Sullivan, Getty Images
No. 1: Lawrence Ellison
Oracle co-founder and CEO
Loss for holdings: $4.2 billion
Current holdings: $23.1 billion
Ellison may have lost far more than any other CEO in the S&P 500 but he also owns more than any other CEO. Compared to other tech firms, Oracle is faring O.K., with shares down 17%, about the same as the Nasdaq.
Next: No. 2 CEO Stock LoserMore From BusinessWeek:
-
Justin Sullivan, Getty Images
No. 2: Michael Dell
Dell founder, chairman & CEO
Loss for holdings: $1.7 billion
Current holdings: $4.4 billion
In January, 2007, Dell took over again as CEO of the computer firm he started in 1984. He found initial success as shares rose 20% in his first 10 months on the job. But Dell stock has slid ever lower since November.
Next: No. 3 CEO Stock LoserMore From BusinessWeek:
-
Ted S. Warren, AP
No. 3: Jeffrey Bezos
Amazon.com founder & CEO
Loss for holdings: $1.6 billion
Current holdings: $7.4 billion
Amazon.com, founded in '94 by Bezos, may have suffered lately along with the rest of the stock market, but the online retailer's stock has more than doubled in the past year. Bezos' losses are large only because his initial holding of more than $10 billion was so huge.
Next: No. 4 CEO Stock LoserMore From BusinessWeek:
-
David Adame, AP
No. 4: Micky Arison
Carnival board chairman and CEO
Loss for holdings: $1.5 billion
Current holdings: $7.9 billion
Arison, Carnival's CEO since 1979, has built up quite a fortune thanks to the cruise line's stock. Lately, the cruise industry has suffered from a slowing U.S. economy and weaker consumer spending.
Next: No. 5 CEO Stock LoserMore From BusinessWeek:
-
Steve Shelton, AP
No. 5: Eric Schmidt
Google chairman and CEO
Loss for holdings: $1.5 billion
Current holdings: $5.2 billion
Google stock rose 54% last year, but it has had a tough 2008 so far. Schmidt, a veteran of Novell and Sun Microsystems, took the Google CEO job in 2001.
Next: No. 6 CEO Stock LoserMore From BusinessWeek:
-
No. 6: Rupert Murdoch
News Corp. chairman & CEO
Loss for holdings: $1.3 billion
Current holdings: $7.1 billion
Murdoch's media conglomerate keeps growing, recently swallowing up Dow Jones and The Wall Street Journal in a $5.6 billion deal. But the company's stock price was volatile in 2007, and it has been falling for the last four months.
Next: No. 7 CEO Stock LoserMore From BusinessWeek:
-
Gary Malerba, AP
No. 7: Steven Ballmer
Microsoft CEO
Loss for holdings: $845 million
Current holdings: $11.4 billion
Until January, Ballmer was doing better than almost any other CEO as Microsoft was helped by sales of its Windows Vista operating system. But the stock has tumbled ever since Microsoft made a $44.6 billion bid for Yahoo.
Next: No. 8 CEO Stock LoserMore From BusinessWeek:
-
Mary Altaffer, AP
No. 8: Charles Schwab
Charles Schwab Corp. founder, chairman and CEO
Loss for holdings: $388 million
Current holdings: $4.6 billion
Discount brokerage Charles Schwab (SCHW) seemed to be holding up well until the January, when an earnings report showed profits fell 34% from the year before.
Next: No. 9 CEO Stock LoserMore From BusinessWeek:
-
Peter Kramer, Getty Images
No. 9: Frederick Smith
FedEx founder & CEO
Loss for holdings: $321.5 million
Current holdings: $1.7 billion
Smith, who founded Federal Express in 1971, saw his company's stock take a dive in late December and early January as recession fears intensified.
Next: No. 10 CEO Stock LoserMore From BusinessWeek:
-
Stephen Chernin, Getty Images
No. 10: Willard Marriott
Marriott International chairman and CEO
Loss for holdings: $320 million
Current holdings: $2 billion
Marriott shares hit a 52-week low in January, wiping out more than $300 million in Willard Marriott's equity. Marriott, CEO for 36 years, took over the job from his father, the founder of the hotel chain.
· See More CEO Stock Losers
Next: Shocking Mortgage NewsMore From BusinessWeek:
-
More on AOL:
30 Restricted Mortgage Markets
TheStreet.com's Jim Cramer has some shocking news: If you are applying for a mortgage in one of these areas of the country and don't have good credit, you may be out of luck. And even if you do have good credit, you may find it harder than ever to get a mortgage in these 30 places due to stricter underwriting guidelines that were just released.
See List of Restricted MarketsMore in Money & Finance:
