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July 25, 2008 6:03:36 PM CDT

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Stories related to: CEOs

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16 Stories

  • June 2008

    • Embattled AIG CEO Steps Down

      newser  |  Wall Street Journal  |  Jun 15, 08 3:43 PM CDT

      Embattled AIG CEO Steps Down

      Martin Sullivan has stepped down as AIG's CEO, and the company's board named chairman Maurice Willumstad his successor, insiders tell the Wall Street Journal . The insurance giant's stock has plummeted more than 50% since October due to subprime writedowns, and Sullivan is still embroiled in legal battles with his former boss. The new chief may start with a clean slate, but the state of American real estate remains daunting. More »

  • March 2008
  • February 2008

    • Firefighting Is US' Sexiest Job

      newser  |  Boston Globe  |  Feb 14, 08 3:22 PM CST

      Firefighting Is US' Sexiest Job

      Americans may ogle the celebrities gracing the covers of gossip mags, but firefighter remains the sexiest job title on the books, the Boston Globe reports. Personal trainer comes in a close second, according to Salary.com's Valentine's Day survey. It's the site's first such survey in three years, and though the top spot didn't change, there was movement down the list. More »

      Tags

      doctor  • sex  • firefighters  • job  • lawyer  • reporter  • teacher  • CEOs  • nurses  • veterinarian  • flight attendants  • event planners

  • December 2007
  • November 2007

    • Struggling Sprint Rejects $5B Offer

      newser  |  Wall Street Journal  |  Nov 30, 07 4:57 AM CST

      Struggling Sprint Rejects $5B Offer

      A bid by SK Telecom and Providence Equity to invest $5B in Sprint Nextel and install former Sprint chairman Tim Donahue as the company CEO has met with swift rejection from the Sprint board. The move comes as Sprint, which has seen its stock plumet 36% since June, searches for a new CEO, the Wall Street Journal reports. More »

      Tags

      merger  • Sprint Nextel  • telecom industry  • CEOs  • Providence Equity

    • Red Cross Prez Forced Out for 'Relationship'

      newser  |  New York Times  |  Nov 28, 07 5:57 AM CST

      Red Cross Prez Forced Out for 'Relationship'

      The president and CEO of the Red Cross was forced to resign yesterday for having an inappropriate "personal relationship with a subordinate employee" just six months after he was hired. "This is a huge punch in the stomach," said an organization official. Mark Everson was the Red Cross's third president in eight years. More »

      Tags

      Hurricane Katrina  • charity  • IRS  • CEOs  • nonprofit  • American Red Cross  • Mark Everson  • sex in the workplace

    • NBC Prez Will Party for His Right to Fight

      newser  |  Esquire  |  Nov 17, 07 3:07 PM CST

      NBC Prez Will Party for His Right to Fight

      Whether it's his tendency to casually insult other executives, his "totally sick" parties, or his precocious ascension from independent producer to network boss, NBC President Ben Silverman has acquired a devoted posse of friends—and an ample group of enemies. Esquire profiles the brash 37-year-old, self-styled the "luckiest young Jew in America," charged with turning around the doggedly last-place network. More »

      Tags

      television  • NBC  • CEOs  • The Office  • Ben Silverman

    • Black Fortune 500 CEOs in Short Supply

      newser  |  Associated Press  |  Nov 6, 07 9:03 AM CST

      Black Fortune 500 CEOs in Short Supply

      The departure of Dick Parsons from Time Warner and Stan O'Neal from Merrill Lynch has reduced the already sparse population of African-American CEOs running Fortune 500 companies to an extremely paltry four, reports AP. CEOs of any color have a short shelf life, and the small numbers of black chiefs can make two resignations look like an overwhelming trend. More »

      Tags

      Merrill Lynch  • African Americans  • Time Warner  • CEOs  • American Express  • Fortune 500  • Sears Holding  • Aetna

    • Same Missteps Felled 2 Wall Street Stars

      newser  |  Financial Times (UK)  |  Nov 5, 07 12:20 PM CST

      Same Missteps Felled 2 Wall Street Stars

      With the CEOs of two financial giants making their exits within a week of each other, the Financial Times looks at the similarities in the undoing of Citigroup's Chuck Prince and Merrill Lynch's Stan O'Neal. Both struggled unsuccessfully to change corporate cultures, making enemies along the way, and both invested heavily in mortgage-related securities. Their key mistake, adds the the New York Times, was siting on them even as they tanked. More »

      Tags

      subprime mortgages  • mortgage crisis  • Citigroup  • Merrill Lynch  • banking  • CEOs

  • October 2007

    • It's Official: O'Neal Out

      newser  |  Wall Street Journal  |  Oct 30, 07 10:42 AM CDT

      It's Official: O'Neal Out

      Merrill Lynch CEO Stan O’Neal is retiring effective immediately, the company announced today, shocking no one. Merrill characterized the ouster as a mutual decision, but massive subprime losses and takeover indiscretions clearly marked O’Neal for the chopping block. Terms of the exit package were not disclosed, but it's expected to total close to $200 million, the Journal reports. More »

      Tags

      subprime mortgages  • Merrill Lynch  • CEOs  • Stan O'Neal

    • Parsons Set to Leave Time Warner

      newser  |  Times (UK)  |  Oct 26, 07 2:55 PM CDT

      Parsons Set to Leave Time Warner

      Time Warner CEO Richard Parsons is about to announce his departure, sources tell the Times of London, and will hand the reins to current second banana Jeff Bewkes. In his 5-year-plus tenure, Parsons held together the media behemoth after the much-ballyhooed AOL merger went south. Bewkes is expected to shake up the structure, likely spinning off underperforming AOL. More »

      Tags

      AOL  • Time Warner  • CEOs  • Richard Parsons  • Jeff Bewkes

    • Stock Options Make for Risk-Happy CEOs

      newser  |  Reuters  |  Oct 13, 07 2:59 PM CDT

      Stock Options Make for Risk-Happy CEOs

      Companies compensating their CEOs with stock options should prepare for a bumpy ride, as those CEOs are more likely to take big chances that backfire, a new study finds. Shareholders took extreme losses from more than 10% of option-heavy CEOs, compared to 6.8% who saw big gains. The study's authors say it’s like “handing money to a gambler and... promising to share only the upside.” More »

      Tags

      CEOs  • stock options

  • September 2007

    • Study Links CEO's Private Life to Profits

      newser  |  Wall Street Journal  |  Sep 5, 07 5:16 PM CDT

      Study Links CEO's Private Life to Profits

      A new study adds to the growing pool of data showing how intimately a company's success can be linked to the life of its CEO, the Wall Street Journal reports. The latest finding indicates that a firm's profitability drops following the death of a CEO's close family member—though the death of a mother-in-law leads to a slight rise. More »

      Tags

      business  • investors  • CEOs  • leadership  • Business trends

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