Word: ceo
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People who wanted to invest money in the market saw what they were waiting for in a few pieces of news. The first was that Citigroup CEO, Vikram Pandit, made public remarks that his company had a profit in the first two months of 2009. But, even school children who hone their skills trading mock accounts online know that two months do not make a quarter, especially in banking. Some auditor may mention that Citi's toxic assets ran into more trouble in this quarter or that its consumer credit and LBO businesses needed to be adjusted for bad debt...
...With the chairman and CEO on sick leave until June, the company has been working hard to carry on with business as usual - a tough trick since business was usually carried on the back of Jobs. He was the front man, the face of Apple, its every innovation incarnate. Even a trifle like the new Shuffle, with its clever way of "speaking" the names of tracks and playlists to ease navigation, would have been his to unveil. Not this morning. (See pictures of Jobs...
...Chicago Sun-Times is the smaller of two newspapers in the city. Its parent company, Sun-Times Media Group, trades for 3 cents per share. Davidson Kempner, a large shareholder in the firm, has dumped the CEO and most of the board. The paper has no chance of competing with the Chicago Tribune...
...group of white upper middle class mothers with equally well-to-do husbands.” Indeed, the women that Basham upholds as paradigms of her “career partner” include the wife of the founder of Amazon.com and the wife of the former CEO of Time Warner. These are women who relinquish financial autonomy and rely on their husbands for monetary support. Yet, for the majority of women, the decision to leave the workplace in order to become their husbands’ most dutiful cheerleaders is far more risky. With a 50-50 chance of divorce...
...loss for the fiscal year beginning next October, due in part to a projected decline in number of patients. The hospital hopes to break even, under best case scenario projections, for this fiscal year. The announcement is a marked departure from previous predictions of Beth Israel’s CEO, Paul Levy, who said in an interview last month that “we have chosen not to do layoffs.” Levy said then that Beth Israel was not as troubled as other Harvard institutions, such as the Dana-Farber Cancer Institute, which had already announced plans...