THE WORD ON THE STREET

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GUEST COLUMNIST

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From the frontlines: our Millennial correspondent roams the country hoping to make sense of it all...

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50 YEARS OF TRAIN WRECKS

THE VPA EXECUTIVE HALL OF FAME​

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This Honor Roll is for CEOs of big companies. Each of these CEOs was paid millions to make sure that nothing bad happened. But bad things DID happen at all of these companies -- things the CEOs didn't fix. Maybe it's their fault. Maybe it's not. Some of these CEOs are still viewed by the market as the best thing since stock options. However, they all left messes behind them; messes that everyone else -- mostly us -- had to clean up.

Many people won't remember who these CEOs are. There aren't any Academy Awards or Super Bowls in business, so there's no reason to remember. But WE remember: We were right there on the train when it ran off the tracks. Not that we were asked to help steer it. That's their job, as they clearly told us. Our job was to secure the luggage and prepare for impact. Then after that, our job was to clean up the mess, and get the trains running on time -- again.

SITUATION NORMAL...

Agee, Bill—Bendix
Agee, Bill—Morrison—Knudsen
Akers, John—IBM
Allaire, Paul—Xerox
Andersen, Roger—Continental Illinois
Anderson, Warren—Union Carbide
Antioco, John—Blockbuster
Arnall, Roland—Ameriquest
Brennan, Edward—Sears
Brittain, Alfred—Bankers Trust
Brown, Lewis Herrold—Johns-Manville
Brown, William L.—First National Bank of Boston
Butcher, Willard C.—Chase Manhattan Bank
Carpenter, Michael—Kidder Peabody
Case, Steve—AOL
Cayne, James—Bear Stearns
Cheney, Dick—Halliburton
Clausen, A.W.—Bank of America
Connolly, Walter—Bank of New England
Corzine, John—MF Global Holdings
Danford, Douglas—Westinghouse
DeNunzio, Ralph—Kidder Peabody
Dunlap, Al—Scott Paper
Dunlap, Al—Sunbeam
Dutt, James—Beatrice Foods
Eaton, Bob—Chrysler
Eyler, John—Toys R Us
Farley, William—Fruit of the Loom
Fiorina, Carly—HP/Compaq
Fish, Lawrence—Bank of New England,
Fish, Lawrence—Citizens Bank
Flamson, Richard—Security Pacific
Freeman, Gaylord—First National Bank of Chicago
Fuld, Richard—Lehman Brothers
Galvin, William—Motorola
Geneen, Harold—ITT
Glucksman, Lewis—Lehman Brothers
Greenspan, Alan—Federal Reserve
Gutfreund, John—Salomon Brothers
Hayward, Tony—BP
Heineman, Ben—Northwest Industries
Helmsley, Leona—Helmsley Enterprises
Holmes, Elisabeth—Theranos
Immelt, Jeffrey—General Electric
Jenkins, William N.—SeaFirst
Joseph, Fred—Drexel, Burnham, Lambert
Kalanick , Travis—Uber
Keyes, James—Blockbuster
Killinger, Kerry—Washington Mutual
Kuhns, William G.—General Public Utilities
Lampert, Edward—K-Mart
Lampert, Edward--Sears

Levin, Gerald—AOL Time-Warner
Levin, Rob—Fannie Mae
Lewis, David—General Dynamics
Ling, James—LTV
Locke, Charles--Morton Thiokol
Lorenzo, Frank—Continental Airlines
Lorenzo, Frank—Eastern Airlines
Lorenzo, Frank—New York Air
Lorenzo, Frank—People's Express
Lorenzo, Frank—TWA
Love, Ben—Texas Commerce Bank
Marous, John—Westinghouse
Maxwell, Hamish—Philip Morris
McCormick, Brooks—International Harvester
McGillicuddy, John F.—Manufacturers Hanover Trust
Meriwether, John—Long Term Capital Mgmt.
Mozilo, Angelo—Countrywide
Muilenberg, Dennis—Boeing
Munoz, Oscar—United Airlines
Musk, Elon—Solar City
Nasser, Jac—Ford
Neumann, Adam—WeWork
Nix, Alexander—Cambridge Analytica
Norris, William—Control Data
O’Neal, Stan—Merrill Lynch
Olson, Kenneth—Digital Equipment
​​​​Prince, Chuck—Citibank
Raines, Franklin—Fannie Mae
Robinson, James—American Express
Roderick, David—US Steel
Rogers, Theodore C.—NL Industries
Rubin, Robert—Citibank
Rumsfeld, Donald—G.D. Searle
Rumsfeld, Donald—General Instrument
Sanford, Charles—Bankers Trust
Schrempp, Jurgen—Mercedes-Benz
Seawell, William—Pan Am
Shoemaker, Alvin V.—First Boston
Smith, Richard—Equifax
Smith, Roger—GM
Stempel, Bob—GM
Stumpf, John—Wells Fargo
Thain, John—Merrill Lynch
Thain, John--CIT
Wang, An—Wang Labs
Weill, Sanford—American Express
Weill, Sanford—Citibank
Weinstein, Harvey—The Weinstein Company
Welch, Jack—General Electric
Wriston, Walter—Citibank
Zornow, Gerald—Kodak

ADDITIONAL NOMINATIONS WELCOME

LIFETIME HONOREES:

Feel free to name your most notable Hedge Fund, Private Equity Fund, Leveraged Buyout shop, Corporate Raider, M&A Investment Bank team, M&A Legal Team, Short-seller, Dissident Shareholder, and/or Liquidator.

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​​ALL ABOARD!