Founding CEOs Fired or Demoted By Their Own Companies
Steve Jobs
Apple co-founder Steve Jobs was forced out of the company he founded following his unsuccessful bid to have CEO John Sculley removed. He made his way back to the Apple when the company acquired his NeXT startup. Jobs' is one of the most inspiring stories of redemption in business lore.Photo: Getty Images/Getty Images North America
Jerry Yang
Jerry Yang, co-founder and former chief executive officer of Yahoo! Inc.,was CEO for a little over a year. In that time he was criticized for turning down an acquisition offer from Microsoft and failing to increase revenues. He stepped down as CEO in 2008 and left the company altogether in 2012. Photo: Ramin Talaie/Bloomberg via Getty Images/Bloomberg via Getty Images
Mike Lazaridis
Lazaridis gave up CEO leadership at RIM in early 2012, some say due to shareholder pressure. He stepped away from the company's board a year later following the release of Blackberry 10, a product aimed at re-acclimating the company to the mobile phone market it once dominated. Lazaridis founded the company in 1984.Photo: Eric Risberg/AP
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