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 - Lotus
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Jeff Papows (Lotus Development Corp) -- Papows resigned in 2000 after a year embroiled in controversy. A former executive of his company filed a sexual discrimination complaint and the Wall Street Journal reported that he may have lied about his personal history to boost Lotus' sales and its image.

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