5 Worst CEOs
By siliconindia
Bob Allen
His misjudgment of the way the telecom industry was going forced a disastrous merger of the company with computer company NCR Corp making it the worst business deals of all times. He also allowed AT&T to droop under his lack of strategic direction. The company encountered a loss of more than $12 billion in few months in 1997. He has received stock options that increased his pay from $6.7 million to $16 million soon after he enforced terminations.