AIG Board Names Willumstad CEO
June 16, 2008 by Joseph McCafferty
Robert Willumstad replaced Martin Sullivan as American International Group’s CEO.
June 16, 2008 by Joseph McCafferty
Robert Willumstad replaced Martin Sullivan as American International Group’s CEO.
Yale Debuts Lead Directors Forum
June 5, 2008 by Joseph McCafferty
The Millstein Center for Corporate Governance and Performance at the Yale School of Management announced the formation of a first-ever peer organization of independent chairmen of North American corporate boards.
June 5, 2008 by Joseph McCafferty
The Millstein Center for Corporate Governance and Performance at the Yale School of Management announced the formation of a first-ever peer organization of independent chairmen of North American corporate boards.
Layoffs Beset Wall Street
May 28, 2008 by Joseph McCafferty
The next phase of the crisis on Wall Street has begun: mass layoffs. Investment banks such as Citigroup, Lehman, and JPMorgan are cutting the ranks of executives.
May 28, 2008 by Joseph McCafferty
The next phase of the crisis on Wall Street has begun: mass layoffs. Investment banks such as Citigroup, Lehman, and JPMorgan are cutting the ranks of executives.
Tough AGM for Citi Board
April 23, 2008 by Joseph McCafferty
Angry shareholders confronted the Citi board at its annual meeting this week. It was ugly, but the board survived.
April 23, 2008 by Joseph McCafferty
Angry shareholders confronted the Citi board at its annual meeting this week. It was ugly, but the board survived.
New Gripes Aired this Proxy Season
April 18, 2008 by Joseph McCafferty
Shareholders introduced new proposals for the 2008 proxy season. The mortgage meltdown, succession planning, and the safety of imported products were brought up for proposals.
April 18, 2008 by Joseph McCafferty
Shareholders introduced new proposals for the 2008 proxy season. The mortgage meltdown, succession planning, and the safety of imported products were brought up for proposals.
Citi Board Seeking More Financial Expertise
April 4, 2008 by Joseph McCafferty
Citigroup will seek finance and investment knowledge when it fills upcoming board vacancies.
April 4, 2008 by Joseph McCafferty
Citigroup will seek finance and investment knowledge when it fills upcoming board vacancies.
Citi Beefs up Risk Oversight
February 28, 2008 by Joseph McCafferty
Citigroup has named Brian Leach, chief risk officer and co-COO of Old Lane, as the company’s new CRO, reporting to CEO Vikram Pandit.
February 28, 2008 by Joseph McCafferty
Citigroup has named Brian Leach, chief risk officer and co-COO of Old Lane, as the company’s new CRO, reporting to CEO Vikram Pandit.
Citigroup, Merrill Seek More Foreign Capital
January 10, 2008 by Joseph McCafferty
Citigroup and Merrill Lynch, two companies that just named new chief executives amid financial slides due to troubles in the U.S. housing market, recently raised billions of dollars from outside investors. Now, according to various news reports, they are in discussions to get additional infusions of capital from investors, primarily foreign governments.
January 10, 2008 by Joseph McCafferty
Citigroup and Merrill Lynch, two companies that just named new chief executives amid financial slides due to troubles in the U.S. housing market, recently raised billions of dollars from outside investors. Now, according to various news reports, they are in discussions to get additional infusions of capital from investors, primarily foreign governments.
Will Bear Stearns’ Cayne, who resigned as CEO, Stay as Non-Exec Chair?
January 8, 2008 by Joseph McCafferty
Jimmy Cayne has told the board of Bear Stearns that he plans to step down as chief executive of the Wall Street bank, which has suffered heavy losses in the credit market turmoil.
January 8, 2008 by Joseph McCafferty
Jimmy Cayne has told the board of Bear Stearns that he plans to step down as chief executive of the Wall Street bank, which has suffered heavy losses in the credit market turmoil.
Citigroup Left with Handful of Candidates for Top Spot
November 20, 2007 by Joseph McCafferty
Now that Merrill Lynch has chosen John Thain to succeed retired Chairman and CEO Stanley O’Neal, Citigroup has lost out on one of its top candidates to replace its own CEO, Charles O. Prince III.
November 20, 2007 by Joseph McCafferty
Now that Merrill Lynch has chosen John Thain to succeed retired Chairman and CEO Stanley O’Neal, Citigroup has lost out on one of its top candidates to replace its own CEO, Charles O. Prince III.
Major Banks Join Up to Create Fund to Help Credit Markets
October 15, 2007 by Joseph McCafferty
Bank of America Corp., and Citigroup Inc. are among a consortium of banks creating what will be known as the master liquidity enhancement conduit, or M-LEC.
October 15, 2007 by Joseph McCafferty
Bank of America Corp., and Citigroup Inc. are among a consortium of banks creating what will be known as the master liquidity enhancement conduit, or M-LEC.
Climate Activists Target Citi, Bank of America
October 3, 2007 by Joseph McCafferty
The Rainforest Action Network joined by the Interfaith Center on Corporate Responsibility yesterday declared war on the two largest banks, alleging that Citi and Bank of America are financing a "coal rush" that is the leading cause of world climate change.
October 3, 2007 by Joseph McCafferty
The Rainforest Action Network joined by the Interfaith Center on Corporate Responsibility yesterday declared war on the two largest banks, alleging that Citi and Bank of America are financing a "coal rush" that is the leading cause of world climate change.