The Top 25 Managers -- The Losers
Michael J. Saylor, MicroStrategy
Super Bowl Sunday 2000 gave Michael J. Saylor, 35, a hint of things to come. The CEO of software maker MicroStrategy Inc. (MSTR) had rented out FedEx Field, home of the Washington Redskins, for a game-day bash--but the weather turned out to be cold, wet, and nasty. The party would soon be over in more ways than one. MicroStrategy shares, $266 in March, have fallen to about $11 after the company was forced to restate 1997-1999 earnings, wiping out profits. Now, after shareholder lawsuits and the settlement of SEC charges, a newly chastened Saylor admits: "I let down a lot of people."