Year's Worst CEO: Lekach of Parlux Shows Why

If you really wonder why Ilia Lekach of Parlux (PARL) was named the year's worst CEO -- and why the stock is down 10% after hours -- all you need to do is see the press release issued by Parlux today: The company is selling its Perry Ellis line to Perry Ellis for $63 million. That's less than half the price the company touted it would get in August when it announced it was selling the license to Victory International for "a total of up to $140 million."

Turns out Perry Ellis, which owns the license, blocked the deal. And Perry Ellis, of course, knows its true value. Yet another in a string of deals Lekach couldn't pull off -- and yet another reason that he earned his title along side non-greats of years past: Paul Eibeler of Take-Two (TTWO) (last year) and Scott Livengood of Krispy Kreme (KKD) (year before.)

PARL 1-yr chart: