Scottish-born, he joined the board on 1 October 2008 – just a fortnight before Fred "the Shred" Goodwin was ousted as chief executive and the bank bailed out – and was considered a potential candidate to chair the troubled operation at one point.
Kitchen is credited with turning around Lockheed's troubled operation in Georgia as a young executive, saving the C-5 Galaxy cargo jet program.
Time Warner posted solid second-quarter earnings yesterday as America Online, long its most troubled operation, showed continued signs of recovery.
In the United States, where BP has a history of troubled operations in the gulf, its Alaska operations and its refineries, the government has shown increasing frustration with the company.
The Nuclear Regulatory Commission reversed a three-year policy and said it would release hundreds of documents involving the troubled operations of a nuclear fuel processing plant.
It has significantly streamlined operations, selling off a troubled freight-forwarding operation and focusing on speeding up freight processing.
Mr. Denson, who has a history of helping companies clean up troubled operations only to sell them, said he was taking over Gruner & Jahr to operate the business, not prepare it for sale.
A 98-page report on an inspector general's audit of the team's troubled operations was released on Tuesday, and the first-round headlines focused in part on the auditors' conclusion that the unit's files and office procedures were such a mess that a federal prosecutor balked at letting the unit handle the sale of two financial assets seized from Bernard L. Madoff, the confessed Ponzi schemer.
A nonprofit theater management company from Ohio will take over the troubled operations of the historic Shubert Theater, Mayor John DeStefano Jr. announced yesterday.
In 2006, Mr. Son borrowed heavily to buy the British network Vodafone's troubled operations in Japan, turning around that business with marketing acumen and aggressive pricing.
