8 CEOs with Poor Reputation

#5 Mike Jeffries

Company: Abercrombie & Fitch; CEO rating 31 percent: Mike Jeffries is the controversial CEO of Abercrombie & Fitch. He is usually on the controversial side for his big mouth. Mike Jeffries once said—he only wants good-looking people to wear his clothes and there is no room for fat people in his company. People were surprised to see his contract was renewed in the company. Jeffries’ loose cannon tendencies and the slowdown in growth in recent years have put a bad reputation for A&F. One investor even issued a nine-page, detailed letter urging the company to replace Jeffries, and that renewing his contract would hamper company’s growth. The workers in A&F not only earned low salaries, but also suffer from low company morale, evidently by several controversial statements made by the CEO.

#4 Ursula M Burns

Company: Xerox; CEO rating: 30 percent: Serving as the Chairman and CEO of Xerox, she is the first African-American woman CEO to head a fortune 500 company. She repeatedly claimed that the company’s buyout of Affiliated Computer Services would re-energize Xerox’s falling fortune, but the business and the revenue worsened ahead. Burns received positive reviews from less than the one-third of Xerox’s employees. Things got bad when the company has to call the police prior to announcing 168 layoffs, noting they were expecting trouble. The treatment of employees stands in contrast to how the board treats Burns. They awarded her an average of $13 million a year. One former employee, commented, “Most upper management have received salary increase over the last six years, but the staff has not.”

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