CEOs who fleeced their companies
Partial list of corporate chiefs who have fleeced their company (and indirectly their customers and employees) with their excesses:
Global Crossing founder and chairman Gary Winnick - $90 million mansion in Bel-Air
Stephen Hilbert, ex CEO of Conseco, an insurance company - house in Carmel, Indiana, with a personal basketball court that’s a full-sized replica of Indiana University’s Assembly Hall
Larry Ellison, Oracle CEO lives on a yacht named Sakura, the 192-foot, five-deck, $10 million floating mansion
WorldCom ex CEO Bernie Ebbers had a yatch named Aquasition, after the company he led hid more than $7 billion in losses
General Electric’s retired CEO Jack Welch - bought a couple of Boeing 737-700s . When the arrangement was made public in his divorce filings , Welch was forced to agree to pay $2 million a year to reimburse GE for the jet and a few other perks.
E*Trade ex CEO Christos Cotsakos - $15 million loan