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 - 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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