Word: ceo
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Financial giant Citigroup has recently stepped up its efforts to prove to the world that the bank is on the mend. In January, CEO Vikram Pandit said his firm had made enormous progress in 2009. And in February, Citi launched a blog to note that among other things, the bank's focus is "Our Clients. Period." But there is one area where the bank says it is no longer exceptional: it's no longer taking U.S. government handouts...
...details of the government's role in keeping the lights on at what was once the nation's largest bank will again be on display on Thursday. For the first time, Citi's CEO will testify before the Congressional Oversight Panel (COP), set up by Congress to monitor the government's bailout of the financial system. Elizabeth Warren, a Harvard professor and longtime critic of the banking industry, heads the COP. Also testifying before the panel will be Herb Allison, who runs the Treasury Department's Troubled Asset Relief Program (TARP), the main vehicle the government has used to assist...
...identifying lending-industry situations in FICO Score Trends that to our knowledge have never been seen before," said Mark Greene, CEO of FICO, in the report. "Economic instability is creating unknown risk in lenders' credit portfolios as well as counter-intuitive trends in consumer behavior...
...Let’s have an honest national conversation,” said Duncan, who has been lauded for his previous work as CEO of the Chicago Public Schools. “Let’s all move outside our comfort zones—management, unions, everybody—and say, ‘We need to better serve children...
...only that, but 2 of the 10 most popular jobs held by Harvard University grads are executive director of a nonprofit organization and high school teacher. So if that career as a CEO doesn’t pan out, never fear. When all else fails, the whales will still need saving...