Over the last dozen years, I have studied failure and leader's career ending mistakes and shared my list of the "worst" CEOs of the year.
For 2012, in the number five spot (or the "best" of the worst) is Rodrigo Rato, the former CEO of Spanish banking giant, Bankia. Formed via merger of seven failing banks, Rato's job was to right the ship. Instead, he touted the stock to hundreds of thousands of hapless small investors while overseeing what became a surprise 3 billion euro loss. He's now under investigation for fraud, and resigned in disgrace.
Check back tomorrow for the fourth worst CEO of 2012.
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