Owen Hawkins has always ranked his company, Petro America Corporation, among the world's greatest. He often said Petro was growing faster than Microsoft and was worth more than $200 billion.
But people aren't believing his claims like they used to, since investigators say it actually owns little more than worthless
pieces of paper -- shares, the company called them when it sold
millions to investors across the U.S. Yesterday, however, Hawkins got his rightful place in the corporate sun. He was featured in Forbes magazine -- on their list of the 10 biggest CEO screw-ups of 2010.
The honor comes just a few days too late, as Hawkins stepped down as CEO
week. But during his three-year reign, he was able to weasel his way to sixth screwiest CEO in the U.S., according to the list.
Truly, Hawkins has an edge over the other featured CEOs. He may be the only one on the list who got to draw up his own contract, and you can bet there are no screwier demands than his.
Here are the high points of his contract, according to an interview he conducted with investigators: