Investors Focus on Directorship Independence
November 20, 2009
Investors are concerned about shareholder rights plans and ask for improved transparency and more effective engagement from boards.
November 20, 2009
Investors are concerned about shareholder rights plans and ask for improved transparency and more effective engagement from boards.
Geithner: Prompt action needed on overhaul
November 19, 2009
WASHINGTON (AP) -- Treasury Secretary Timothy Geithner says Congress must keep pushing forward to overhaul the nation's badly flawed financial rules because revamping the system is essential for the health of the economy....
November 19, 2009
WASHINGTON (AP) -- Treasury Secretary Timothy Geithner says Congress must keep pushing forward to overhaul the nation's badly flawed financial rules because revamping the system is essential for the health of the economy....
Tyson Foods names Smith CEO
November 19, 2009
SPRINGDALE, Ark. (AP) -- Tyson Foods Inc. promoted Donnie Smith to president and CEO on Thursday. He takes over leadership of the world's largest meat producer from interim President and CEO Leland Tollett....
November 19, 2009
SPRINGDALE, Ark. (AP) -- Tyson Foods Inc. promoted Donnie Smith to president and CEO on Thursday. He takes over leadership of the world's largest meat producer from interim President and CEO Leland Tollett....
Pimco’s Gross suggests buying utilities shares
November 19, 2009
NEW YORK (Reuters) - Pimco's Bill Gross said on Thursday that utilities stocks provide opportunity for investors in a "low growth environment," due to their high dividend yield and steady earnings potential.
November 19, 2009
NEW YORK (Reuters) - Pimco's Bill Gross said on Thursday that utilities stocks provide opportunity for investors in a "low growth environment," due to their high dividend yield and steady earnings potential.
Breakingviews.com: A tough job now
November 19, 2009
Go beyond a short-term view of Bank of America’s prime assets, and Jamie Dimon, the JPMorgan Chase chief and unofficial winner of the credit crisis, may need to watch his back.
November 19, 2009
Go beyond a short-term view of Bank of America’s prime assets, and Jamie Dimon, the JPMorgan Chase chief and unofficial winner of the credit crisis, may need to watch his back.
Tata Chairman Defends Deals
November 19, 2009
The chairman of India's Tata Group, in an interview, talks about the value of the Corus and Jaguar acquisitions, succession plans, and managing a company's image abroad.
November 19, 2009
The chairman of India's Tata Group, in an interview, talks about the value of the Corus and Jaguar acquisitions, succession plans, and managing a company's image abroad.
Blankfein: An Apology, An Explanation, and A Plan for Growth
November 18, 2009 by Gretchen Michals
In an exclusive interview with Directorship, the chairman and CEO of Goldman Sachs, reflects on the financial crisis, compensation, corporate culture, and being quoted out of context.
November 18, 2009 by Gretchen Michals
In an exclusive interview with Directorship, the chairman and CEO of Goldman Sachs, reflects on the financial crisis, compensation, corporate culture, and being quoted out of context.
CEOs to Spur Jobs Through Small Business
November 18, 2009
Efforts to spur job creation need to center on getting more credit--and fast--to small and midsize businesses and improving the education system, according to business leaders at the Wall Street Journal CEO Council.
November 18, 2009
Efforts to spur job creation need to center on getting more credit--and fast--to small and midsize businesses and improving the education system, according to business leaders at the Wall Street Journal CEO Council.
GMAC Chief Ousted by Board
November 18, 2009
Alvaro de Molina resigned as chief executive of GMAC at the request of its board. He is being succeeded by Michael A. Carpenter, who previously led Citigroup's global investment bank.
November 18, 2009
Alvaro de Molina resigned as chief executive of GMAC at the request of its board. He is being succeeded by Michael A. Carpenter, who previously led Citigroup's global investment bank.
Barney Frank Notes Legislation Delay
November 18, 2009
REGULATION Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, said Tuesday that a House vote on legislation to overhaul the financial regulatory system probably will be delayed until at least the second week of December.
November 18, 2009
REGULATION Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, said Tuesday that a House vote on legislation to overhaul the financial regulatory system probably will be delayed until at least the second week of December.
Jacobs Named Lazard CEO
November 17, 2009
Lazard named Kenneth M. Jacobs chairman and chief executive, to succeed famed deal maker Bruce Wasserstein. Steven J. Heyer was named lead director.
November 17, 2009
Lazard named Kenneth M. Jacobs chairman and chief executive, to succeed famed deal maker Bruce Wasserstein. Steven J. Heyer was named lead director.
SEC Charges Former Executives at Silicon Valley Company for Inflating Financial Results
November 17, 2009
The Securities and Exchange Commission today charged two former Silicon Valley executives for improperly inflating the reported financial results at Santa Clara, Calif., semiconductor company Tvia, Inc.
November 17, 2009
The Securities and Exchange Commission today charged two former Silicon Valley executives for improperly inflating the reported financial results at Santa Clara, Calif., semiconductor company Tvia, Inc.
Obama creates interagency enforcement group
November 17, 2009
Attorney General Eric Holder, Treasury Secretary Tim Geithner, Housing and Urban Development (HUD) Secretary Shaun Donovan, and Securities and Exchange Commission (SEC) Chairwoman Mary Schapiro today announced that President Barack Obama has established by Executive Order an interagency Financial Fraud Enforcement Task Force to strengthen efforts to combat financial crime. The Department of Justice will lead the task force and the Department of Treasury, HUD and the SEC will serve on the steering committee. The task force's leadership, along with representatives from a broad range of federal agencies, regulatory authorities and inspectors general, will work with state and local partners to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, address discrimination in the lending and financial markets and recover proceeds for victims.
November 17, 2009
Attorney General Eric Holder, Treasury Secretary Tim Geithner, Housing and Urban Development (HUD) Secretary Shaun Donovan, and Securities and Exchange Commission (SEC) Chairwoman Mary Schapiro today announced that President Barack Obama has established by Executive Order an interagency Financial Fraud Enforcement Task Force to strengthen efforts to combat financial crime. The Department of Justice will lead the task force and the Department of Treasury, HUD and the SEC will serve on the steering committee. The task force's leadership, along with representatives from a broad range of federal agencies, regulatory authorities and inspectors general, will work with state and local partners to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, address discrimination in the lending and financial markets and recover proceeds for victims.
Feinberg: No ’silver bullet’
November 17, 2009 by Gretchen Michals
Kenneth Feinberg, special master of compensation for the Obama administration, spoke at the Directorship Boardroom Leaders Forum at the Metropolitan Club in New York City Monday evening.
November 17, 2009 by Gretchen Michals
Kenneth Feinberg, special master of compensation for the Obama administration, spoke at the Directorship Boardroom Leaders Forum at the Metropolitan Club in New York City Monday evening.
Job Cuts Kept Eaton on Track
November 17, 2009
Early and deep cost cuts by Eaton's chief executive have helped the industrial stalwart weather the recession better than many other big manufacturers.
November 17, 2009
Early and deep cost cuts by Eaton's chief executive have helped the industrial stalwart weather the recession better than many other big manufacturers.
Poll finds deep divisions on health-care reform
November 17, 2009
As the Senate prepares to take up legislation aimed at overhauling the nation's health-care system, President Obama and the Democrats are still struggling to win the battle for public opinion. A new Washington Post-ABC News poll shows Americans deeply divided over the proposals under consideratio...
November 17, 2009
As the Senate prepares to take up legislation aimed at overhauling the nation's health-care system, President Obama and the Democrats are still struggling to win the battle for public opinion. A new Washington Post-ABC News poll shows Americans deeply divided over the proposals under consideratio...
GMAC replaces chief executive as it negotiates for more aid
November 17, 2009
The troubled auto and home lender GMAC Financial Services said Monday that chief executive Alvaro de Molina is stepping down and that Michael A. Carpenter, a member of the company's board of directors, has been named his successor.
November 17, 2009
The troubled auto and home lender GMAC Financial Services said Monday that chief executive Alvaro de Molina is stepping down and that Michael A. Carpenter, a member of the company's board of directors, has been named his successor.
Fed criticized for not negotiating harder with AIG creditors
November 17, 2009
Federal Reserve officials made only a passing attempt to negotiate discounts from the creditors of American International Group last fall before directing the company to fully pay what it owed on its troubled derivatives contracts, according to a report from the special inspector general overseei...
November 17, 2009
Federal Reserve officials made only a passing attempt to negotiate discounts from the creditors of American International Group last fall before directing the company to fully pay what it owed on its troubled derivatives contracts, according to a report from the special inspector general overseei...
CEO of Beazer Receives SEC Notice
November 16, 2009
Builder Beazer Homes USA disclosed Monday that Ian J. McCarthy, the company's chief executive, received a Wells notice from the Securities and Exchange Commission, a letter the SEC sends when it is planning to bring an enforcement action.
November 16, 2009
Builder Beazer Homes USA disclosed Monday that Ian J. McCarthy, the company's chief executive, received a Wells notice from the Securities and Exchange Commission, a letter the SEC sends when it is planning to bring an enforcement action.
Corner Office: Are You a Tigger, or an Eeyore?
November 16, 2009
In managing people, attitude goes much further than quantitative skills, says Mindy Grossman, the chief executive of HSN Inc.
November 16, 2009
In managing people, attitude goes much further than quantitative skills, says Mindy Grossman, the chief executive of HSN Inc.