CEOs Who Need To Return To Business School

Looking around the wreckage of some of the big cap companies it is not hard to find a few CEOs who probably need to go back to business school. Wall St. would like to see them at Harvard so they would get the best education possible, but the school in Cambridge might not let them in.

First on the list is Hector Ruiz of AMD (AMD). He already has a PhD, but it may be the money order kind that you can get through the mail. Ruiz has effectively taken AMD from a high-margin chip company which had the technology to compete with larger rival Intel (INTC) to a sad shadow with big debt and small margins. He engineered the buy-out of graphics chip company ATI, which has been a disaster of their first order. Less than two years ago AMD traded at above $42. It now sits at under $10.

James Tobin, the CEO of Boston Scientific (BSX), should get a return ticket. The company has a solid medical device operation. Then Tobin decided to get into a bidding war for Guidant and ended up with a balance sheet with almost $9 billion in debt. When the company's core cardiac stent business started to crater due concerns about safety, the firm had no cash for dry powder. His handsome job has taken the shares from $27 two years ago to just above $12. Now, he is selling off he company in piece to raise dough.

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