CEO Since: 2005
Return During Tenure: 14%
Semiconductor company Broadcom (BRCM) is at the core of one of the hottest trends in tech: mobile. But the company’s CEO, Scott McGregor, has not been able to keep up with his rivals like Qualcomm (QCOM) … perhaps because the company has been distracted with other businesses like networking and broadband chips.
Whatever the reason, McGregor seems more like an industry follower, not a leader. And this may be starting to bite into the business in a material way. Just look at the dismal Q2 earnings report, which saw the wireless business fall 3%.
While the stock is in the black over McGregor’s entire time at the helm, BRCM has shed an ugly 24% so far in 2013 … with 20% of that slide coming in the last month.