We’ve all heard of CEOs who are convicted of felonies and go to jail. But it’s
rarer to see the sequence reversed: convicted felons becoming CEOs. Is that
the American Dream?
In July 2004, Peter Bacanovic was sentenced
to five months in prison for lying to federal investigators. In October
2006, he gave an interview
to Landon Thomas, who described his life as "a slow trudge through the
slough of a legal and regulatory despond," and quoted him thusly:
“I am chronically sick and chronically unemployed and without any specific
plan about how to proceed next.”
And yet today we learn
that Bacanovic is the new CEO of jeweler Fred Leighton. Nice recovery, that
man!
(Via Lauren)