Shocking CEO downfalls

POSTED: 10:16 AM PST Mar 01, 2013    UPDATED: 08:10 AM PDT Jul 24, 2014 

Walmart's Bill Simon is the latest big-name CEO to make a shocking departure.

CEO Downfalls - Enron
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Dave Einsel/Getty Images

Jeffrey Skilling and Kenneth Lay (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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