10 Entrepreneurs Who Were Forced Out of Their Own Companies
In 1999, David Neeleman founded JetBlue and not even a decade later, in 2007, he was already on his way out. After a number of ups and downs, it was the infamous JetBlue incident that occured on Feb. 14, 2007, that was the final straw. When a storm hit the East Coast, the budget airline underestimated the severity of the storm and rather than canceling its flights early like other airlines did, the company made the wrong assumption that the storm would pass. Due to this poor decision, more than 1,000 JetBlue passengers were stranded in airports and inside airplanes, and the problem persisted for five days, resulting in poor customer service and angry exchanges between employees and passengers. In response, Neeleman told the press that he was “humiliated and mortified,” however that wasn’t enough to keep him on board. The company fired Neeleman shortly after the incident.