TORONTO - It was a tough year for many in the corner suite as several chief executives were forced out. Here's a quick look at a few corporate chieftains who lost their job:
SNC-Lavalin Group Inc. (TSX:SNC): Pierre Duhaime left the company amid an internal accounting investigation in March into questionable payments and a sharp drop in quarterly earnings. The company said an independent probe into certain payments the company made revealed "management override, flawed design or ineffective enforcement of controls" in relation to hiring agents for two of its projects. Duhaime was later charged with fraud in connection with a contract pertaining to the McGill University Health Centre.
Canadian Pacific Railway Ltd. (TSX:CP): Fred Green was ousted after a bitter proxy fight between the railway and its largest shareholder. Pershing Square Capital Management accused the railway of being poorly managed and waged a months-long campaign to replace much the board and Green, who was replaced by former CN chief executive Hunter Harrison in June.
Research In Motion Ltd. (TSX:RIM): Jim Balsillie and Mike Lazaridis stepped aside as co-chairmen and co-chief executives amid pressure from disgruntled shareholders in January. Thorsten Heins, the company's chief operating officer, was named to the chief executive job, while Barbara Stymiest was named chairwoman. Balsillie eventually resigned from the RIM board in March, while Lazaridis remains on the board and serves as vice-chairman.
Kinross Gold Corp. (TSX:K): Tye Burt was replaced by J. Paul Rollinson, the company's executive vice-president of corporate development, in a bid to improve the gold miner's lagging performance. Shares in Kinross were hit earlier this year after it slowed the development of its three major projects, including its Tasiast mine that it acquired in 2010 with its US$7.1-billion purchase of Red Back Mining.
Barrick Gold Corp. (TSX:ABX): Aaron Regent was replaced by Jamie Sokalsky, the company's chief financial officer, in June in hopes of helping restore the company's lacklustre share price. Barrick founder and chairman Peter Munk had been openly critical of the company's share price and told the company's annual meeting that it wasn't satisfactory.
Nexen Inc. (TSX:NXY): Marvin Romanow was replaced by Kevin Reinhart, the company's chief financial officer, in January as the company struggled with problems at its Long Lake oilsands project. The company ended up signing a deal in July to be bought by China National Offshore Oil Company for $15.1 billion in cash.
Talisman Energy Inc. (TSX:TLM): John Manzoni was turfed in September in favour of Hal Kvisle, the former chief executive of pipeline company TransCanada. The company said it needed a different leadership approach as it shifted strategic direction. Under Kvisle, Talisman has said it will focus less on chasing risky, expensive international exploration projects and more on bolstering its finances and operational performance.
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Participants run from the frigid waters of English Bay as two people wear a shark costume during the 92nd annual Polar Bear Swim in Vancouver, B.C., on Sunday January 1, 2012.
Shower Of Confetti
Chris Martin, lead singer of Coldplay performs as the band kicks off it's North American tour in Edmonton Tuesday April 17, 2012.
Toke It Up
The Weed Fairy, left, smokes a massive marijuana cigarette as thousands take part in the annual marijuana 420 smoke off at Dundas Square in Toronto on Friday, April 20, 2012. All around the world pro-marijuana supporters gathered in support of cannabis.
Face To Face
A protester, right, opposing Quebec tuition fee hikes confronts a passerby during a demonstration in Montreal, Tuesday, May 15, 2012.
Wildrose leader Danielle Smith carries a sign given to her as cafe customers look on during a campaign stop in Cochrane, Alta., Thursday, April 5, 2012. Albertans went to the polls on April 23.
Graham James arrives at court for sentencing in Winnipeg on March 20, 2012. The former hockey coach was given a two-year sentence for the sexual assault of now-retired NHL star Theo Fleury and his cousin, Todd Holt. Both were teens playing in the Western Hockey League when the incidents took place during the 1980s and early '90s. The sentence sparked outrage across Canada and the Crown, which had asked for six years, has appealed.
A tearful Tara McDonald, mother of slain eight-year-old Woodstock girl Victoria Stafford, receives a hug from partner James Goris during a break in proceedings at the trial for Michael Rafferty, the accused in her daughters murder in London Ontario,Tuesday, March 13, 2012. Rafferty was found guilty.
Emergency crews attend the scene where a VIA train was derailed with passengers on board in Burlington, Ont., on Sunday, Feb. 26, 2012.
Migrant Worker Tragedy
Ontario Provincial Police and emergency crews investigate a vehicle collision in Hampstead, Ontario, Monday, February 6, 2012, where 11 people died, including 10 migrant workers, in one of the worst crashes in the province in a decade.
Lights Amid The Fog
Fog envelops the Lions Gate Bridge, bottom, and the downtown core of Vancouver, B.C., on Saturday February 4, 2012.
A panda reaches for Canadian Prime Minister Stephen Harper during a photo at the Chongqing Zoo in Chongqing, China Saturday February 11, 2012. Two giant pandas will call Canada home for the next 10 years.
Mohammad Shafia (front), Tooba Yahya (right) and their son Hamed Shafia (left) are escorted into the Frontenac County courthouse in Kingston, Ontario on Thursday, January 26, 2012. They were later convicted of first-degree murder in the deaths of four family members whose bodies were found in a car at the bottom of the Rideau Canal in 2009.
Toronto Police Chief Bill Blair speaks to the media in Toronto early Tuesday, July 17, 2012, near the scene of a shooting where 19 people were injured and two were left dead at a house party late Monday July 16.
People look on as a house comes off its foundation in Two Mile just outside of Sicamous, B.C. Monday, June 25, 2012. Heavy rain falls, flooding and mudslides caused evacuations.
Liberal MP Justin Trudeau has his cowboy taken by his son Xavier, 4, while his wife Sophie Gregoire, second from left, holds daughter Ella-Grace, 3, at the party's annual Stampede breakfast in Calgary, Saturday, July 7, 2012.
Rescue workers remove their hard hats as firefighters carry a second body out of the Algo Centre Mall in Elliot Lake, Ont., on Wednesday, June 27, 2012, after the mall's roof collapsed.
Drop The Needle
Prince Charles wore headphones as he learned how to scratch and fade with a turntable while touring an employment skills workshop in Toronto, on Tuesday, May 22, 2012.
Man On A Wire
Nik Wallenda walks over Niagara Falls on a tightrope in Niagara Falls, Ont., on Friday, June 15, 2012.
People gather around a beached humpback whale that died during low tide in White Rock, B.C., on Tuesday, June 12, 2012. The fishing net that was found wrapped around the whale is seen at left.
A young girl pouts after presenting Prince Charles a bouquet of flowers during a walk about Saint John, N.B, on Monday, May 21, 2012 . The royal couple were on a four-day visit to Canada to mark the Queen's Diamond Jubilee.
Kiss Of Freedom
Conrad Black, right, kisses his wife Barbara Amiel Black as he arrives at his Bridle Path residence in Toronto on Friday, May 4, 2012. Black was released from a Florida State prison after serving a nearly four-year sentence.
Venus moves in front of the sun as hundreds of people gathered wearing special viewing glasses, at the University of Western Ontario to watch the event called The Venus Transit on Tuesday, June 5, 2012. The rare event occurs when the planet Venus moves in front of the sun. The next time this will occur is in 105 years in 2117.
A worker pulls a boom while harvesting cranberries on a farm in Richmond, B.C., on Sunday October 14, 2012. The lower mainland of British Columbia produces 20 per cent of the world's cranberries.
A Winter's Night
The full moon is seen over the snow covered McGillivray Pass Lodge located in the southern Chilcotin Mountains of British Columbia, Monday, Jan. 9, 2012.
Annie Johnson burns sweetgrass and sage during a National Aboriginal Veterans Day ceremony at the Victory Square Cenotaph in Vancouver, B.C., on Thursday November 8, 2012. The ceremony is held to remember Aboriginal, Metis and Inuit men and women who served in the Canadian Forces.
Kristin Stewart is directed onto the red carpet at the gala for the movie "On The Road" during the 2012 Toronto International Film Festival in Toronto on Thursday, Sept. 6, 2012.
Jenna Talackova, the first transgendered Miss Universe contestant, is seen during a photo shoot at the Sandman Signature Hotel in Toronto on Saturday, May 12, 2012, in advance of the Miss Universe Canada pageant.
Michele Dionne puts her hand on her husband's shoulder, Quebec Liberal party leader Jean Charest, as they leave the stage in Sherbrooke Que., on Tuesday September 4, 2012. Charest had lost his riding of Sherbrooke and later resigned.
Daran Lin breaks down as he hugs the urn bearing the remains of his son, murder and dismemberment victim Jun Lin, during funeral services Thursday, July 26, 2012 in Montreal. Luka Magnotta is charged with Lin's murder.
Erin Mitchell, wearing the uniform of New Brunswick's 104th Regiment of Foot, provides tourists with pertinent information on the War of 1812, along the waterfront in Halifax on Thursday, July 26, 2012.
Parti Quebecois Leader Pauline Marois is rushed off stage after shots were fired as she delivered her victory speech on Sept. 4, 2012. The shooting left one man dead and another wounded. Richard Henry Bain is with first-degree murder and 15 other offences.
RCMP Const. Ben Oliver wipes away a tear during a regimental funeral for his twin brother Const. Adrian Oliver in Langley, B.C., on Tuesday, November 20, 2012. Const. Adrian Oliver died November 13 after his unmarked police cruiser collided with a transport truck in Surrey, B.C.
100th Anniversary Win
Toronto Argonauts players hold the Grey Cup after defeating the Calgary Stampeders in CFL action Sunday November 25, 2012 in Toronto.
Canada forwards Christine Sinclair (12) and Melissa Tancredi react after losing 4-3 in extra time women's soccer action against the USA at the Olympic Games in London on Monday August 6, 2012.
Canada's men's eight rowing team member Will Crothers flips himself into the water as he celebrates his silver medal at Eton Dorney during the 2012 Summer Olympics in Dorney, England on Wednesday, August 1, 2012.
Novice saddle bronc rider Lane Stuckey, from Stettler, Alta., comes off Upload Clip during rodeo action at the Calgary Stampede in Calgary, Sunday, July 8, 2012.
Close To The Action
A fan takes pictures as Phoenix Coyotes' Boyd Gordon, right, and Calgary Flames' Anton Babchuk, from Ukraine, crash into the boards during first period NHL hockey action in Calgary, Alta., Thursday, March 15, 2012.