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Source: blog.washingtonpost.com --- 2 days ago
From staff and wire reports *SLM said its second-quarter profit fell 72 percent, to $266 million (50 cents a share) from $966 million ($1.03), as investors purchased fewer securities backed by its loans. In the second quarter last year, Reston-based Sallie Mae had a gain of $842 million from derivatives. *US Investigations Services, the Falls Church risk-management firm, named Michael G. Cherkasky its chief Executive six months after he was ousted by Marsh & McLennan for failing to restore profit. Cherkasky, 58, will join USIS on Aug. 1 to succeed chief Executive Randy Dobbs, who becomes Executive chairman, the firm said. Marsh & McLennan will receive $10 million from USIS because hiring Cherkasky breaks a non-compete clause he signed when he departed, USIS spokesman Michael John said. *LaSalle Hotel Properties said second-quarter funds from operations rose 12.1 percent, to $47.4 million ($1.18) from $42.3 million ($1.05). Revenue rose 9 percent, ... Source: blog.washingtonpost.com --- 28 days ago
Welcome to a new feature we're calling the Post 200 Roadshow. Each week or so we plan to drop in on the region's biggest companies, nonprofits, employers and law and lobby firms to have a look around and chat up their executives. This week, we stop by the Corporate Executive Board, a publicly traded firm that provides research briefs, seminars and decision-making support to companies and nonprofits around the world. You can check out the...Please click on the title to continue reading this entry. ... Source: www.sunherald.com --- 4 days ago
The Board of Directors of The Stanley Works (NYSE: SWK) announced today that Brett Bontrager, Vice President, Business Development and President, Stanley Convergent Security Solutions, has been named an Executive Officer of the Corporation. ... Source: www.industryanalystreporter.com --- 38 days ago
The Corporate Executive Board Company ("CEB") (NASDAQ: EXBD) today announced that it will participate in the William Blair 28th Annual Stock Conference, which takes place June 17th through June 19th in Chicago, Illinois at the Four Seasons Hotel. There will be an online simulcast and replay of the Company's presentation. ... Source: ftalphaville.ft.com --- 16 days ago
Will the serfs revolt against their new feudal overlord? Or will they be mollified by a prawn sandwich and a chocolate biscuit? This is not just any annual general meeting, this is the long-awaited Marks and Spencer AGM due to begin at 2pm at London's Royal Festival Hall. Sir Stuart Rose is almost certain to be re-elected to the Board as Executive chairman in spite of vociferous complaints - not just from Corporate governance wallahs,... ... Source: www.huffingtonpost.com --- 13 days ago
As chief Executive of Hewlett-Packard from 1999 to 2005, Carly Fiorina was the most powerful woman in Corporate America. She also became one of the most celebrated and criticized when she was fired from that job in February 2005 in a battle with Hewlett's Board--and with tech venture capitalist Tom Perkins in particular--after a controversial merger with Compaq Computer. (She recounted that Corporate melodrama in her bestselling memoir Tough Choices.) Now, at a mere 53, Fiorina is polishing her distinguished résumé with a heavy dose of political activism. She is a top presidential campaign surrogate for presumptive Republican nominee John McCain and chairman of Victory '08, the Republican National Committee's fundraising and get-out-the-vote arm. ... Source: www.huffingtonpost.com --- 24 days ago
A federal judge on Tuesday cleared the way for prosecutors to force the Swiss banking giant UBS to turn over the names of wealthy clients as part of an investigation of its offshore private banking practices. An order signed by Judge Joan A. Lenard of Federal District Court in Miami gives prosecutors and the Internal Revenue Service the authority to request the information. It was unclear whether UBS would turn over the names or appeal the process. The decision is a setback for UBS, which is struggling to maintain its tradition of Swiss banking secrecy amid the rapidly unfolding investigation. The bank said in an e-mailed statement Tuesday that "UBS looks forward to working with the I.R.S. to address the summons." The embattled bank, which is struggling against investor concerns about further write-downs and its ability to retain vital private clients, also announced a major overhaul of its Corporate governance rules on Tuesday. It said it would replace four directors and more clearly separate the responsibilities of the Board from those of the Executive management to end what some critics called a cozy relationship that had led to the bank's becoming one of the first and largest casualties of the subprime mortgage turmoil. ... Source: www.marketwire.com --- 15 days ago
PARAMOUNT, CA (MARKET WIRE) China Logistics Group, Inc. (OTCBB: CHLO), an international freight forwarder and logistics management company, announced today it has appointed Mr. Wei Chen as the Chief Executive Officer and Chairman of the Board of Directors. The company has also relocated its Corporate headquarters to Paramount, California as the company focuses on its logistics operations. ... Source: www.indystar.com --- 10 days ago
Steak n Shake Co., the casual dining chain that is in the midst of an Executive and Board-level shakeup, is seeking a tax abatement on a $2.5 million investment in equipment upgrades at its Corporate headquarters at 36 S. Penn St. in Downtown Indianapolis. ... Source: www.omaha.com --- 3 days ago
Citing excessive Corporate expenditures, expense reimbursements and "related-party transactions," the Board of InfoGroup trimmed founder Vin Gupta's Executive duties, removed him as chairman and said it would hire a new chief financial officer. Details to follow. ... Source: www.kentucky.com --- 3 days ago
Database provider InfoGROUP Inc. said Tuesday it has removed founder Vin Gupta as chairman, citing excessive Corporate expenditures and expense reimbursements. The changes are the result of an internal investigation, which came in response to an ongoing Securities and Exchange Commission investigation and a shareholder lawsuit. Gupta will continue to serve as chief Executive officer of the company, which used to be named InfoUSA. The company also said Gupta has "orally agreed" with the Board of Directors' Special Litigation Committee to pay InfoGROUP $9 million. According to a news release, the payment is subject to a settlement agreement and court approval, but it's not clear if it is referring to settlement of the shareholders lawsuit. Calls to Gupta and company media representatives late Tuesday weren't immediately returned. The Omaha company will also appoint a new chief financial officer, replacing Stormy Dean, who will be moved into a different position at InfoGROUP. ... Source: www.rgj.com --- 1 day ago
A Zephyr Cove resident and Corporate communications Executive was selected Wednesday to replace a Reno lawyer on the Tahoe Regional Planning Agency governing Board. ... Source: www.bloggingstocks.com --- 24 days ago
Filed under: Law A New York State appeals court has ordered claims of excessive pay leveled at former NYSE chairman Richard Grasso to be dismissed. Grasso rose to infamy in 2003 when it was reported that he had been granted a deferred compensation package of $140 million. The SEC criticized the deal, Grasso was asked to leave, Eliot Spitzer sued, and much publicity was had by all. The court ordered the claims dismissed on the grounds that the attorney general's office no longer had the authority to pursue the claims because the NYSE restructured itself as a for-profit corporation in 2005. As egregious as Grasso's pay was, this is not a matter that should have ended up in court. It's a Corporate governance issue. If the Board is inept and captured enough to throw money down the toilet, it's up to the people they represent to revolt. True: Grasso probably exerted undue influence over the Board but ultimately the directors are responsible for maintaining their independence. If regulators want to improve Executive compensation practices, they should do it by making it easier for shareholders to hold directors accountable -- no wasting taxpayer money necessary! Gary Weiss chimed in that "it struck me and many others as an odd use of public resources to pursue a case on behalf of the millionaire seatholders of the NYSE. Read | Permalink | Email this | Comments ... Source: network.nationalpost.com --- 21 days ago
The impending buyout of BCE Inc. is expected to bring a flurry of top-level departures from the company. Expect the chairs to empty out quickly in the next few weeks after the company annoucned final agreements on financing and credit agreements Friday. As BCE announced on Friday, Bell Canada president and chief operating officer George Cope will take over as CEO from Michael Sabia on July 11. Mr. Sabia follows recent departures Patrick Pichette, who is leaving as president of operations with Bell to become chief financial officer of Google, and Scott Thomson, Executive vice president, Corporate development, who is leaving for a senior job at Talisman Energy Inc. Next out the door is William Fox, Executive vice-president, communications and Corporate development, who is expected to leave about the same time as Mr. Sabia. Also believed to be on to his next gig is Lawson Hunter, a former partner with Stikeman Elliott, who joined BCE in 2003 as the company's main point person in Ottawa, holding the job of Executive vice president regulatory affairs. Also on the way out are most of the directors of BCE, as they are replaced by a smaller, more tightly focused group heavy on private equity players, including Claude Lamoureux, the retired head of lead buyer Ontario Teachers' Pension Plan. Most of the Order of Canada-heavy Board is likely to stay on until the deal closes in December, as BCE remains a public company until then. Could any ...
Source: blogs.itworldcanada.com --- 10 days ago
Paul DeGroot is an analyst at Microsoft Directions , which has no affiliation with the software maker. Each year he puts out a detailed Microsoft (NASDAQ: MSFT ) organizational chart that lists all the high profile executives and who they report to. This chart is totally fascinating. For example, did you know how many former (or current) Microsoft Canada employees are on this chart? The answer is eight, which includes the current Microsoft Canada president, Phil Sorgen . The highest ranking Executive of those eight is Simon Witts. The former Microsoft Canada president is Corporate vice-president of enterprise and partner group and is responsible for the enterprise business segment across the globe. Witts still has a home in Caledon, Ont. When you count up the number of employees in Microsoft’s Executive branch it’s staggering. There are a whopping 621 Executive positions in he Microsoft Corporate organization as of April of this year. About 19 of these positions are listed as To-be-determined. Bill Gates, along with his senior vice-president technical strategy, Eric Rudder, is still on the organizational chart as his retirement date was June 30th. Gates is still chairman of the Board of directors of Microsoft even though the does not take any position in the company. The top man is still Steve Ballmer. He has eight direct reports, but also has Chief Software Architect Ray Ozzie reporting to him. Ozzie is the man who replaced Gates ... Source: www.caterersearch.com --- 13 days ago
GENERAL MANAGER My client is Europe's largest Sports Bar operator with over 160 sites located throughout the UK. They are now looking to recruit General Managers with opportunities nationally. OBJECTIVES *To develop a culture that ensures consistent excellence in customer service. *To develop the business through proactive local sales promotions and the effective delivery of centrally developed products and promotions. *To produce, in liaison with the Regional Manager, annual business plans to identify key areas for growth and financial improvement. *To ensure rigorous systems of financial control and management are in place and that all key financial targets are met. *To create a professional working environment through which all employees are adequately trained, fully briefed, regularly appraised and managed in a fair and consistent manner, thus ensuring that a positive unit team is established, within which each individual can aspire to achieving their full potential. *To be fully involved in the interpretation and delivery of the Corporate strategy as it relates to their unit ensuring effective feedback to the Regional Manager and Executive Board as appropriate. *To provide a safe and secure environment for both staff and customers. RESPONSIBILITIES The key duties of the job are as follows: - 1.To support the Regional Manager in maintaining quality customer service 2.To support the Regional Manager in developing the business 3 ... Source: www.travelbizmonitor.com --- 9 days ago
In a recent development, US─based W L Ross & Co. LLC will invest Rs 345 billion (USD 80 million) in India's budget carrier, SpiceJet. The deal was finalised today and the news of the same pushed up the share price of the airline by 13 per cent (share price went up to Rs 31.60) at the Bombay Stock Exchange (BSE). A fall of 14 per cent in the share price of the airline was recorded yesterday following the announcement of the resignation of Siddhanta Sharma, CEO, SpiceJet. Speculation is rife that Sharma's resignation may be followed by the resignation of Bhupendra Kansagra, Promoter, SpiceJet, the man who appointed Sharma. According to the SpiceJet's Corporate communications division, Kishore Gupta, Executive Director, SpiceJet is likely to replace Sharma as CEO. Wilbur L Ross Jr, Chairman and CEO, WL Ross & Co. LLC and Ranjeet Nabha, Managing Director and CEO of WL Ross India are expected to join the Board of Directors of SpiceJet. ... Source: www.mondovisione.com --- 24 days ago
The Board of BM&F BOVESPA S.A. appointed the Executive Officers: Amarílis Prado Sardenberg - Chief Clearinghouse, Depository and Risk Management Officer Carlos Kawall Leal Ferreira - Chief Financial Officer Cícero Augusto Vieira Neto - Chief Operating Officer Hélcio Fajardo Henriques - Chief Corporate Affairs Officer Murilo Robotton Filho - Chief Products Officer Paulo de Sousa Oliveira Júnior - Chief Business Development Officer Renato Mercadante Mortari - Chief Integration Officer ... Source: www.fortunewatch.com --- 15 days ago
Yahoo founder and chief Executive Jerry Yang accused Microsoft of trying to destabilize Yahoo with no genuine intent to buy the company, the Wall Street Journal reported Wednesday. Yang, on the defensive as billionaire Corporate raider Carl Icahn seeks to unseat the current Yahoo Board and install his own people in order to propel Yahoo into [...] ... Find more results for Corporate Executive Board on RSSMicro.com |
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For this week's edition of Opinionist , we present to you some of the thoughts of Ho Kwon Ping, founder and Executive chairman of the Banyan Tree Group which owns and operates a chain of award-winning premium resorts, hotels and spas, surrounding the great Sichuan earthquake. Ho, who owns resorts in Lijiang, Shangri-La and Sanya, had a close shave with the earthquake as his flight from Chengdu to Hong Kong was almost taking off when the earthquake struck. In the days of his youth, Ho was a political radical who was thrown out of Stanford University for protesting against eugenics and Vietnam. Later, he was jailed two times in Singapore for articles he wrote as a journalist for the Far Eastern Economic Review . Since then he has grown to become one of the city-state's most admired entrepreneurs, wealthiest individuals and respected thinkers. Ho wears many Corporate hats, including Chairman of Singapore Management University; Chairman of MediaCorp Pte Ltd, the national television and radio company; Board Director of Air Seychelles; and member of the INSEAD International Council. THE woman a few rows behind me had become hysterical. We had been locked inside the packed aircraft for over six hours. Every time someone made occasional phone or SMS contact, there would be loud cries of relief or wails of sorrow. The Chengdu-Hong Kong flight was readying for take-off when we were rocked from side to side. The plane then came to an abrupt halt. ...