DE­CEASED, DE­CLINED OR LEFT Be­hind

Who dropped off The Forbes 400 this year?

Forbes - - CONTENTS -

Pain Drain

John Kapoor stepped down as CEO of opi­oid maker In­sys in Jan­uary (while hold­ing on to his ma­jor­ity stake in the firm), as mount­ing fed­eral and state in­ves­ti­ga­tions into the com­pany’s sales and mar­ket­ing prac­tices have hit the stock hard. In­sys has lost 36% of its value in a year.

un­der­per­former

In April, Kevin Plank’s Un­der Ar­mour posted its first quar­terly loss since go­ing pub­lic 11 years ago. The stock is down nearly 60% in the past year amid in­creased com­pe­ti­tion and hard times for re­tail over­all.

off-track

De­spite ten-year deals with NBC and Fox that be­gan in 2015, James France’s Nascar might be los­ing speed: TV view­er­ship is down, and in-sta­dium ad­mis­sion rev­enues haven’t re­cov­ered since the Great Re­ces­sion. The av­er­age value of a Nascar team fell by 7% this year.

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