Word: ceo
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Dates: during 2000-2009
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...Lewis has said that he would like to stay on as CEO of Bank of America until his firm is able to repay the $45 billion it received in government assistance during the financial crisis. Some money managers say that could take years - and it looks increasingly unlikely that Lewis will be able to hang on that long. In April, shareholders voted to strip Lewis of the title of chairman. Moreover, regulators have pushed the bank to replace a number of its corporate directors. The SEC settlement may be the final straw for Lewis...
...very rare when you split the chairman and CEO position for the top executive to stay in place," says Paul Miller, who follows Bank of America at FBR Capital Markets. The executive's performance during the financial crisis has come under increasing scrutiny in the past few months. At the center of the criticism, and the SEC complaint, is the way Lewis handled the Merrill Lynch acquisition. Lewis and his executives hammered out the details of the multibillion deal to buy Merrill over the course of a single weekend during the worst of the financial crisis. Quickly, it became apparent...
...shockingly unsurprising move, Google CEO Eric Schmidt resigned from Apple Inc.'s board of directors today. This was inevitable, since both companies are staking their future growth on the explosion in mobile computing. So why did it take so long...
...corruption arrests are just the latest boon to Christie's challenge of Democratic incumbent Jon Corzine, an off-year race that both parties are watching for its national implications. In the midst of a recession, Corzine, a former Goldman Sachs CEO, would seem to have a natural advantage over Christie, who boasts no policy experience and in fact seems to delight in telling crowds, "I will never be the smartest man in the room." But with Wall Street (and in particular Goldman Sachs) being blamed for much of the financial crisis, Corzine's professional background has turned into a major...
...demographic advantage that India has needs to be converted into a dynamic economic advantage by providing the right education and skills." Taking cues from India's politicians, nearly all of the major foreign English-language universities now have an eye on India. Next January, Allan Goodman, president and CEO of the New York-based Institute of International Education (IIE), with which some 800 U.S. colleges are affiliated, plans to take a 20-college delegation to India to explore opportunities to set up programs there. Goodman sees India's large English-speaking population, affluent middle class and the value given...