2 of 5
BACKNEXT
Robert Steel
Robert Steel
Company: Wachovia
Lasted: 2 1/2 months (so far)

Steel, a veteran of the U.S. Treasury Department, couldn't keep Wachovia independent as investor fears over souring home loans reached near-panic proportions in late Sept. Citi was poised to buy Wachovia's banking operations until Oct. 3, when Wells Fargo swooped in and announced a deal to buy the bank for $15 billion. Citi isn't taking the rejection well: It immediately demanded that Wells and Wachovia terminate their deal. Whatever happens, Steel's time as commander of the nation's fourth-largest bank appears limited.

NEXT: Robert Willumstad
Last updated October 03 2008: 11:14 AM ET
Global winners and losers From Moscow to Mumbai, investors and consumers are feeling Wall Street's pain. More
Hank's last stand The ousted AIG chief is set on reclaiming his good name. Inside the last chapter of this strange tale. More
I was lucky to get out Losing a job at an investment bank that soon went under may have been another lucky break for Erin Callan. More