Lessons to Learn From These 5 CEO Blunders

1. Sean Menke, former CEO, Pinnacle Airlines

No one except Sean Menke, former CEO of Pinnacle Airlines can top the list. Pinnacle Airlines is an American airline, which is a subsidiary of Pinnacle Airlines Corporation. Though Sean suggested 5% permanent pay cut for all pilots to prevent the company from filing Chapter 11 bankruptcy protection, but it seems Sean forgot that he too can be in the “sack list”. Just within less than ten days after Sean Menk was offered a hike of 60 percent pay raise the company had to opt for filing Chapter 11 bankruptcy protection.

Pinnacle Spokesman Joe Williams said, "We’re examining every aspect of our business to find opportunities to reduce costs – this includes partner contracts, vendor contracts and other areas of the business including facility carrying costs," as quoted by bizjournal.com.

Also Read:
Rupee Depreciation: A Boon or Bane?
10 CEOs and Their First 'Kidult' Jobs
Top 10 Business Personalities of 2012