Albert John Dunlap is popularly known as 'Chainsaw Al' and "Rambo in Pinstripes". A corporate turnaround specialist, he has been barred from serving as an officer or director of any public company as a result of his activities at Sunbeam Corp.

In 1996, he was hired at Sunbeam for a restructuring process. But he was asked to leave after two years when the company's financial performance and stock price began to fall drastically. He was also responsible for laying off thousands of jobs from several companies.

7. Fred Joseph

Fred Joseph was the CEO of Drexel Burnham Lambert and COO of Shearson Hammill & Company. Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was driven into bankruptcy in February 1990 by its involvement in illegal activities in the junk bond market, in which Fred Joseph played a key role.

8. Jay Gould

Jay Gould was a financier, railroad developer and speculator. He has a reputation of being one of the most unscrupulous American businessmen. He was known for stock price manipulation and insider trading. Jay Gould made a fortune trading in stocks.