Shocking CEO downfalls

Published On: Mar 01 2013 10:16:03 AM PST   Updated On: Jun 19 2014 05:45:12 AM PDT

American Apparel's controversial founder and CEO is the latest to make a shocking departure.

CEO Downfalls - Adelphia
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John Rigas (Adelphia) -- The Rigas family founded the cable provider, but John Rigas was forced to retire as CEO in 2002 after being indicted for securities, bank and wire fraud. Adelphia filed for bankruptcy after admitting that the former CEO and his two sons had failed to record $3.1 billion in loans.

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