In our third annual list of the “50 Best CEOs,” we were bullish on our number two: Jeffrey Skilling, CEO of Enron, who graced the cover along with Microsoft’s Steve Ballmer and Morgan Stanley’s Phil Purcell. Enron chairman Kenneth Lay said of Skilling, “I’m not sure he has a nonstrategic bone in his body.” Those kind words would not be helpful to either of them when, three months later, Skilling resigned as CEO and Enron’s fraudulent accounting practices sent the company spiraling into bankruptcy.