Shocking CEO downfalls

Published On: Mar 01 2013 12:16:03 PM CST   Updated On: Jul 24 2014 10:10:37 AM CDT

Walmart's Bill Simon is the latest big-name CEO to make a shocking departure.

Bernard Madoff leaving court
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Shannon Stapleton/Reuters

Bernard Madoff (Bernard Madoff Investment Securities) -- In one of history's biggest swindles, Madoff's decades-long, $65 billion Ponzi scheme came to a screeching halt with his December 2008 arrest and earned him 150 years in prison. He had been widely regarded as a pillar of the investment community, and his son later committed suicide over the charges.

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