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Donald E. Graham announced yesterday that he was stepping down after 21 years as publisher of The Washington Post to concentrate on steering its parent company, of which he is chairman and chief executive, as it continues to expand its new-media ventures.
REUTERS Board of Kabel Deutschland Recommends Vodafone Offer | REUTERS Royal Banknk of Scotland Appoints New Chief Executive | The British bank named the head of its retail operation, Ross McEwan, to become its new chief executive, as it reported a $332 million net profit in the second quarter of the year.
In contrast, JPMorgan Chase declared a $380m net loss, its first under Jamie Dimon as chief executive, as it set aside $9.2 billion for potential settlement costs in a slew of legal cases brought by American regulators.
The fashion house Gianni Versace named a former chief executive of Fendi, Giancarlo Di Risio, as chief executive as it tries to cut costs and increase sales.
With its stock still suffering after the unexpected departure of its chief executive, the Enron Corporation today promoted a top official in its core energy-trading business to be the company's No. 2 executive as it begins finding new leadership.
In the present case the decision to halt the investigation "suited the objectives of the executive" as it "avoided uncomfortable consequences, both commercial and diplomatic... ...... Speaking of the Saudis, he said: "It is not difficult to imagine what they would think if we attempted to interfere with their criminal justice system".
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Microsoft is considering mixing up the responsibilities of its top executives as it seeks to further its transformation into what Steve Ballmer, Microsoft's chief executive, calls a "devices and services company".
To many blue collar Americans (and not just them), the rescue bailed out highly paid Wall Street executives as much as it preserved fluid lending markets and the integrity of the payments system.
And although it works closely with county officials, the association has been free to compensate its executives as it sees fit and expand into other ventures.
LONDON – Barclays may find it tough to replace its top executives, as it continues to deal with the fallout from a rate-manipulation scandal.
reuters Senior Barclays Official Rules Himself Out as Next Chairman | Barclays may find it tough to replace its top executives, as it continues to deal with the fallout from the rate-manipulation scandal.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com