Top 10 Most Outrageous CEO’s

So to go against yesterdays articles I was researching the Top 10 Most Outrageous CEO’s in the World and found this list on Business.com. Let me here your thoughts.

1. Lloyd Blankfein, CEO of Goldman Sachs – Blankfein and his fellow executives continue rewarding themselves for their bad behavior — setting aside $16.7 billion in compensation and bonuses in the first nine months of 2009.

2. John Alexander Thain, CEO of Merrill Lynch – Bank of America CEO Ken Lewis reportedly forced Thain to resign after losses at Merrill Lynch proved to be far larger than BoA’s estimation.

3. Raj Rajaratnam, Founder of the Gallon Group – Rajaratnam and five others were charged with crimes, including securities fraud and conspiracy-involving insider trading that generated more than $20 million in profits.

4. B Ramalinga Raju, Founder of Satyam Computer Services – Confessed to overstating its profits over several years and creating a fictitious cash balance of more than $1 billion. He confessed to inventing more than 10,000 fictional employees to help him steal money from the company, and using his mother’s name to buy land with the proceeds.

5. Thomas Petters, CEO and chairman of Petters Group Worldwide – The FBI put Petters under investigation for his alleged role in a fraud scheme involving more than $100 million in investments, with estimates ranging up to $3.5 billion. Documents released by federal agencies noted that they were seeking evidence of a scheme to lure investors into funding a company based on millions of dollars in purchases and sales that never occurred

6. Edward M Liddy, CEO of AIG – Defended a controversial $440,000 AIG retreat for top-performing insurance salesmen at the luxury St. Regis Resort in Monarch Beach, California shortly after the US government rescued AIG from insolvency with $84 billion in loans. In his testimony before the US House Oversight Committee, Liddy stated such retreats ‘are standard practice in our industry.’

7.Danny Pang, Manager of Private Equity Management Group, Inc. and Private Equity Management, LLC. – Pang was accused by US securities regulators of perpetrating a massive Ponzi scheme as also for misreporting his background to investors. The FBI arrested him on April 28 for structuring cash transactions to avoid a $10,000 reporting threshold, which has a maximum 10-year prison sentence.

8. R Allen Stanford, Chairman of Stanford Financial Group – Billionaire accused of a $7-billion fraud. In fact, he is indicted on 21 criminal charges.

9. David Rubin, Founder and Chief Executive of Municipal Bond brokerage firm CDR Financial Products – Accused of a nine-count indictment, issued by a federal grand jury and filed in US District Court in Manhattan, accused CDR Financial Products Inc. in October of steering business to investment firms that paid it kickbacks.

10. Robert Moran, UBS private banking client and founder and CEO Moran Yacht & Ship – Moran was sentenced for tax frauds. Moran had pleaded guilty in April to filing a false tax return and admitted to concealing more than $3 million in a secret UBS account.

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