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.

CEO Downfalls - Adelphia
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John Rigas (Adelphia) -- The Rigas family founded the cable provider, but John Rigas was forced to retire as CEO in 2002 after being indicted for securities, bank and wire fraud. Adelphia filed for bankruptcy after admitting that the former CEO and his two sons had failed to record $3.1 billion in loans.

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