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Former WorldCom CEO Bernard Ebbers stands outside the Oklahoma County courthouse.
 
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World's 20 worst CEOs
4. Jimme Cayne

Jimme Cayne may be one of the worst CEOs but the former CEO of Bear Stearns is a good bridge player.

After losing about $1 billion in net worth from the collapse of Bear Stearns' stock, he sold his entire stake in the company for $61 million.

In July 2007, the Bear Stearns' hedge funds collapsed, an indication of the impending global financial credit crisis.

In March 2008, as Bear Stearns was on the verge of bankruptcy, Cayne played bridge at a tournament in Detroit.

5. Bernard Ebbers

Bernard Ebbers co-founded the telecommunications company WorldCom.

In 2005, he was convicted of fraud and conspiracy in one of the biggest accounting scams in the US. WorldCom's false financial reporting resulted in a $11-billion loss to investors. He is currently serving a 25-year prison term.

Image: Former WorldCom CEO Bernard Ebbers stands outside the Oklahoma County courthouse.
Photograph: Jeff Mitchell/Reuters
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