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 - Enron
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Kenneth Lay (pictured) and Jeffrey Skilling (Enron) -- Both men served at times as CEO of energy giant Enron, which imploded in the early 2000s after it became the largest U.S. company to file for bankruptcy. Skilling resigned as CEO shortly before the breaking point and cashed out $60 million in stock. Both men were later tried together and convicted in May 2006 on fraud and conspiracy charges.


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