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The 5 Worst CEOs of 2012 and Why They Should Be Fired
Among others, Mark Zuckerberg of Facebook Inc. (Nasdaq: FB), Brian Dunn of Best Buy Co. Inc. (NYSE: BBY) and Andrew Mason of Groupon Inc. (Nasdaq: GRPN) all had a rough year.
Money Morning's experts picked through the list of disappointing names and came up with the five worst CEOs of 2012.
Here are the finalists, along with our experts' reasons why these weak performers should be given the axe in 2013:
- Ben Bernanke, Chairman of the U.S. Federal Reserve - Picked by Chief Investment Strategist Keith Fitz-Gerald:
Bernanke is the CEO of the biggest private institution on the planet, the Fed.
Despite overwhelming evidence that the theories and methods he is using have not worked, are not working and have never worked since the dawn of recorded history, he continues to plow ahead with more of the same failed monetary and fiscal policy that got us into this mess.
In the process, he risks unspeakable damage to the United States and to the global financial system while only kicking the proverbial can down the road.
- Ben Bernanke, Chairman of the U.S. Federal Reserve - Picked by Chief Investment Strategist Keith Fitz-Gerald:
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Today's Earnings Preview: Can Zynga Inc. (Nasdaq: ZNGA) Loosen its Facebook Ties?
Zynga Inc. (Nasdaq: ZNGA) will report earnings for the first time today (Tuesday) since going public, and investors want to see if Zynga has a future plan for profits that isn't tightly pinned to Facebook Inc.
Zynga is the largest social gamer in the world, behind FarmVille, CityVille, Mafia Wars, and Words with Friends. It has 230 million active monthly users, but growth slowed in the end of 2011 because of few new hit games released.
Zynga debuted its $1 billion IPO in December. It listed its relationship with Facebook under risks associated with the business in its IPO filing.
Wall Street expects the Zynga earnings report to show profit of 3 cents per share on revenue of $301.1 million for the fiscal fourth quarter. That would be a 54% revenue gain from the last quarter of 2010.
Zynga is profitable, unlike some of its social media-related counterparts, but the question is, can it build a company that's not so reliant on Facebook?
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