Shocking CEO downfalls

POSTED: 10:16 AM PST Mar 01, 2013    UPDATED: 05:45 AM PDT Jun 19, 2014 

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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