Photographer: Jerome Favre/Bloomberg

How Cathay's Stock Returns Went From Bad to Worse Over Three CEOs

Led by three chief executive officers in the past decade -- Tony Tyler, John Slosar, and incumbent Ivan Chu -- Cathay Pacific Airways Ltd. shares have plunged more than 40 percent. Combining share performance and dividend payouts, the best return investors got was under Tyler: 0.8 percent. In a competitive landscape marked by the expansion of Chinese carriers and the entry of budget airlines, Slosar returned a negative 4 percent, and Chu, about a negative 7.6 percent.