It was not only the common employees which lost the job, in the worst economic recession ever in the history of the world trade, but the list includes a few CEOs also who have departed from their companies, proving that no position was protected from vulnerability from the recession.

The automotive industry witnessed the cutting of the jobs at a large scale, both in the assembly line and the corner office. The automobile giant, General Motors was the first company whose CEO Mr. Rick Wagoner was dethroned by the Obama administration, on March 29, when the company got bankrupt. The CEO of GMAC financial services, Alvaro de Molina was fired after serving the company for 19 months.

To rescue the financial giant AIG from the turbulent waters of he recession, the retired Edward Liddy again joined the company as CEO and offered to work at salary of $1. He expected that the recession won’t remain for the long period.

In March, the chief executive of Freddie Mac, Mr. David Moffett, resigned after six months on the job, as he was frustrated by rules that required him to clear all major decisions with the company's regulator, the Federal Housing Finance Agency.

In the month of June Mr. Ramani Ayer, who served the Hartford Financial Services Group for 12 years as CEO, announced that he would leave the position by the end of the year.

The situation got worst on the Wall Street when the bank of America acquired Merril lynch. In the month of January Mr. John Thain was dethroned from the position of CEO of the company, as he was alleged for misleading the data.