Wall Street CEOs Who Embarrassed Themselves

7 Fred Goodwin

Fred Goodwin, the CEO of RBS (the Royal bank of Scotland), resigned from his post in October 2008 in an agreement with the government, for the bank to receive a capital injection of $35 billion approximately. He was, however, profited from his resignation as the bank paid him back with approximately $14 million pension as part of his resignation deal.

8 Dick Fuld

Dick Fuld bid farewell to his firm (Lehman Brothers) in May 2009. It was a period, immediately after the company was filed for bankruptcy with more than $600 billion in debt in September 2008. Lehman Brothers, the investment bank had been heavily leveraged and invested in the subprime mortgage business.   After stepping out the bank Dick Fuld engaged himself in other venture as he founded Matrix Advisors in 2009. It was a firm that offered executive strategic counseling.  But in 2012, he lost his securities license and now he has got no Wall Street job.