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 - Qwest
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Joseph Nacchio (Qwest) -- In the wake of a multibillion-dollar accounting scandal that nearly destroyed the Denver-based telecommunications company, Nacchio was convicted in April 2007 on 19 counts of insider trading. He had resigned five years earlier amid the insider trading rumors.

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