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...this week - are also wary of the downturn. Chicago's plan for the Games rests almost entirely on contributions from businesses, foundations and individuals. "The private funding initiatives on behalf of the general public [are] a well-established precedent in Chicago," says Patrick Ryan, chairman and CEO of Chicago 2016. Ryan remains optimistic that Chicago can raise enough money should it win the Games, not least because Chicago's proposed athletes' village would be located on a prime waterfront site that would be "extremely attractive for private development...
...bank Lehman Brothers, RBS's depleted capital reserves - a consequence of that ABN deal - meant "the spotlight fell on us, and the share price dropped 60% in two days," Goodwin said. Added McKillop: "We are sorry we bought ABN Amro." At HBOS, said Hornby, who stepped down as its CEO in 2008 after only two years in the job, "years of reliance on wholesale funding left us in a vulnerable position." No kidding. When the meltdown in those markets occurred, HBOS was history. "The fundamental mistake that HBOS made was," said Stevenson, "it failed to predict wholesale collapse of wholesale...
What is more stunning than the $2.9 billion loss for the car company's fiscal year is that it represents the first operating loss Nissan has had in 14 years, according to Reuters. Read "Nissan's CEO on the Auto Industry's Woes...
...authority on markers of recessions. Ferguson was the vice-chairman of the Federal Reserve Board from 1999 to 2006 and is currently serving in his final year as a member of the University’s governing body. Pritzker, an heiress to the Hyatt dynasty, is the founder and CEO of Hyatt Classic Residence, and was named as one of the wealthiest people in the United States by Forbes Magazine. Pritzker served on the Board of Overseers, the University’s second highest governing body, for a six-year term that began in 2002. The Economic Recovery Advisory Board...
...million in compensation for the year ending last June. In 2003, the same group of alumni from the College’s class of 1969 led a charge to reduce what they saw as exorbitant compensation, ultimately contributing to the departure of several top HMC managers including long-time CEO Jack R. Meyer. The alumni had also voiced concerns about the cost-effectiveness of HMC’s reliance on expensive internal investment managers, arguing that schools like Yale outsource most of their endowment work to hedge funds and external firms and achieve comparable returns. According to Longbrake, external firms...