Lessons to Learn From These 5 CEO Blunders

4. Joe Ratterman, CEO of BATS Global Markets
BATS Global Markets company tag line suggests “making markets better”, but unfortunately the company failed to make a better position for itself on its first day of trading. BATS Global Markets is a stock exchange located in Lenexa, Kansas, a suburb of Kansas City.

The company tried to go public on March 23, 2012 as the first listing on its own exchange, and eradicated the IPO the same day because of a devastating anomaly in the company's trading systems. The disaster resulted in BATS’ stock price rolling down from the original $16 offering price to as low as 4¢ per share.

It took quit a time for BATS board of directors to settle down, but later it was decided to split the roles of chairman and CEO. Earlier Joe Ratterman had apprehended both roles.

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