Word: ceo
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...people don't call for information anymore, says Bruce Stewart, KGB's CEO of mobile and digital. They text. "When you want to know something, you text your friend or someone who might know. We are looking to be that someone." After launching a successful texting service in the U.K., KGB decided to bring it to the U.S. The beta test launched last fall, and already the company has thousands of "agents" ready to provide you with anything from movie times and train schedules to the type of pen Bob Dole holds in his hand. (Answer: sometimes it's felt...
While the battle between Bank of America CEO Ken Lewis and former Merrill Lynch CEO John Thain goes on over who knew about large bonuses and large losses and when they knew it, recent news that the bank will get $20 billion from the federal government along with $108 billion in loss guarantees has almost been forgotten. Much of the paper being supported by the government came from the Merrill acquisition...
...father became the shoemaker to the stars in Hollywood, but Ferruccio Ferragamo, Salvatore's eldest son, wasn't content just to dress the feet of American celebrities. During 22 years as ceo of Salvatore Ferragamo Italia, Ferruccio has developed the company into a global luxury brand that generates half its business in Asia. During a visit to Hong Kong, the exiting ceo talked to Time's LING LIU about the company's Eastern expansion...
Ferragamo has been family run for almost 80 years. Explain the recent decision to bring an outsider, former Valentino CEO Michele Norsa, on board as CEO of the company...
...matter what happens, things have definitely changed for Lewis and other former titans of the banking business. A few months ago, BofA's CEO was hailed for running a bank so prosperous that it was able to swallow mortgage lender Countrywide Financial and investment bank Merrill Lynch in the depths of the worst banking crisis in recent history. The trade magazine American Banker named Lewis Banker of the Year in December. Now he's fighting to keep his job. And even if he succeeds, he's got a new partner. The government already has a large stake in his bank...