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...Wall Street Journal reports that the Citi board has given CEO Vikram Pandit a vote of confidence. Even if the firm loses tens of billions of dollars this year, Pandit is getting that public support just the way his predecessor Chuck Prince did, right up until...

Author: /time Magazine | Title: The Imbecile's Ball: Citigroup Dances Around Management Change | 1/12/2009 | See Source »

...name which keeps coming up when these announcements or rumors hit the media is Citi's lead director Richard Parsons, former CEO of Time Warner (TWX). He may take Bischoff's place as Citi chairman but he did not do a bang up job at the media company. He has also been sitting on the Citi board during most of the period when the decisions were made that nearly brought the bank down. It would be hard to defend the position that he is blameless...

Author: /time Magazine | Title: The Imbecile's Ball: Citigroup Dances Around Management Change | 1/12/2009 | See Source »

...will be available on their EP, to be released by Veritas Records—”Harvard’s only student-run record label”—in January.He gives a shout-out to Tony M. Spaniola ’10, the CEO of Veritas, who is running the soundboard. Then, he launches into “Honest,” an earnest soft-rock tune.Two days later, Powers is working on music again. But this time, he is on the other side of the microphone. As chief recording officer for Veritas, he is working with...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: Veritas Aims for the Stars | 1/11/2009 | See Source »

...global financial crisis. Merckle had lost hundreds of millions of euros in a bad bet on Volkswagen shares, endangering the future of his companies as a result. A handful of other business leaders have taken their own life amid the recent economic downturn, including Kirk Stephenson, the London-based CEO of Olivant, who died in September...

Author: /time Magazine | Title: The World | 1/8/2009 | See Source »

...Mood at Twitter HQ the first work day of the year: Focused anxiety.' EVAN WILLIAMS, CEO of the social-networking site, after learning that more than 30 Twitter accounts were hacked, including those of Barack Obama and Britney Spears...

Author: /time Magazine | Title: Verbatim | 1/8/2009 | See Source »

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