EXECUTIVES: Report on Some Exiled Stars

A MAN may spend half his life aspiring to the executive suite, wind up commanding a billion-dollar corporation and dazzle Wall Street with his managerial wizardry. But if for some reason he should lose his job, he often finds that the stairway leading down from the room at the top can be nearly as steep as the one going up.

In the past few years, familiar names have been disappearing from the top lines of corporate reports with notable regularity. Many of the sidelined executives were cut loose after their firms suffered losses in the recent recession. They may not...

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