Parlux: 'Worst' CEO Takes a Hike

If you haven't already heard, Parlux CEO Ilia Lekach, this column's winner of the "Worst CEO of the Year" for 2006, has quit to settle a boardroom battle. Interestingly, both the shares of Parlux (PARL) and Overstock (OSTK), whose CEO Patrick Byrne was this year's runner up as worst CEO, are both up 17% and 22%, respective. As my friend Bill notes, maybe Overstock is up "because people are excited that Patrick can now take the mantle of worst CEO in America." Maybe!