8 Worst Tech CEOs Ever


#5 John Rigas

Company: Adelphia Communications Corporation (1952 – 2006)

Ape-poch moment: Robbing former employees of their retirement funds.

He was indicted for stealing $100 million from his own organization to fund other family-owned companies, causing massive layoffs and forcing Aldelphia (which at its peak was one of the largest cable TV companies in the United States, and he was one of its founders) to file for bankruptcy. But he was forced to retire as CEO in 2002 after being indicted for securities, bank and wire fraud; prosecutors charged him with the personal misuse of corporate funds and with hiding $2.3 billion in liabilities from investors. Rigas was convicted and sentenced to 15 years in prison; Adelphia filed for bankruptcy after admitting that the former CEO and his two sons had failed to record $3.1 billion in loans. Rigas, who petitioned for a Presidential pardon in January 2009 and was rejected, will be 92 years old when his sentence runs out in 2017.