Criminals in the CEO Suite, Jewelry Edition

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


(Via Lauren)

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