WINNERS

JEFF BEWKES

After years of apprenticeship, will become Chairman at Time Warner on Jan. 1 as Dick Parsons retires.

JAY LENO

Late-night TV king gets promotion, bigger bucks in 10PM slot in NBC costcutting move.

BILL ACKMAN

Activist investor gambles on his own General Growth Properties and sees stock double.

LOSERS

BERNARD MADOFF

Wall Street legend arrested by FBI, charged with running $50B Ponzi scheme.

JOHN THAIN

Merrill Lynch chief takes TARP money and then asks for $10M bonus – before turning it down under pressure.

SAM ZELL

Embattled Tribune Co. owner, choking on debt amid dwindling revenue, forced to file for Chapter 11.