6 CEOs Who Were Fired From Their Own Companies


#2 David Neeleman

David Neeleman founded JetBlue, low cost airline in February 1999; under the name "NewAir." It was one of only a few U.S. airlines that made a profit during the sharp downturn in airline travel following the September 11, 2001 attacks.

In October 2005, JetBlue announced that its quarterly profit had plunged from US$8.1 million to $2.7 million largely due to rising fuel costs. Operational issues, fuel prices, and low fares, JetBlue's hallmark, were bringing its financial performance down. In February 2006, JetBlue announced its first ever quarterly loss. For 4th quarter 2005, the airline lost $42.4 million, enough to make them unprofitable for the entire year of 2005. The loss was the airline's first since going public in 2002. JetBlue also reported a loss in the 1st quarter 2006.

In 2007, Jet Blue’s David Neeleman was pushed out of the top spot by the company he’d founded eight years prior.

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