Add two to our list from October. Bob Nardelli is gone so our list has room for another person, and I’m willing to take Meg Whitman off the list as well–she’s done well of late so she’s getting a pass. Maybe her socializing campaign has actually paid off.
1. Chuck Prince–Citi. Defiant in his responses to criticism, Prince hasn’t been very good at mapping out strategies to get Citi back on the growth path. He’s also gotten others to take the fall for his mis-management mistakes.
2. Lee Scott–WalMart. This one is pretty easy as WalMart continues to fall from their lofty perch. Yes, it is hard to keep a company growing at the levels WalMart did for years, but they’ve had the worst growth numbers in 27 years, and they refuse to address long term customer service issues such as lengthy checkout lines. They have been very slow to adapt to changing fashion trends as well. All of it adds up to a necessary leadership change for the retail giant. Side note: I’m still not shopping there regardless of who is at the helm. The only way I may change my stance is if I were to be named CEO, and that isn’t happening anytime soon. 😉