3. Ronald Zarrella, CEO of Bausch & Lomb: The very renowned supplier of eye health products company, Bauch & Lomb’s CEO Ronald Zarrella, had to abandon his $ 1 million bonus amount, because it was revealed that he never received his MBA degree from New York University, which he claimed he did. Actually Ronald started to pursue the MBA program, but never finished it. However his job remained intact because the company believed that Ronald was too valuable to the company. He left the company finally in 2008, when the company faced extensive product recall and hundreds of product liability lawsuits.