Word: ceo
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...early November, Standard & Poor's lowered its corporate credit rating of Dillard's to B+ from BB-, citing the "deepening spending pull-back by consumers." Adding to the drama, hedge-fund investors Barington Capital Group LP and Clinton Group Inc. called for William Dillard II, the chain's CEO, to step down amid declining revenue and a stock price that has lost more than 70% of its value. The good news: "They aren't leveraged like other stores are," says Beemer. "But if you look at mall-based apparel stores, any of them could be in trouble except for Victoria...
...Well, now I'm screwed. I can't sell.' MARK CUBAN, Dallas Mavericks owner, in a 2004 call with the CEO of Mamma.com about the company's shares; Cuban faces charges of insider trading for selling his stock after the conversation to avoid a $750,000 loss...
RESIGNED Jerry Yang, 40, the Yahoo! co-founder who took over as CEO a year ago, said he would step down Nov. 17. Beset by criticism after Yang rejected a buyout bid from Microsoft, the ailing search company saw its shares jump 8% the day after his announcement...
...When they return to testify after Thanksgiving, it is hoped that the three CEOs will have learned from their disastrous experience. At a contentious panel Wednesday in the House Banking Committee, all three, after being repeatedly reproached for flying separate corporate jets to Washington to beg for money, refused to pledge that they would fly home on commercial planes or sell the company jets. Two of the three - GM's Richard Wagoner and Ford's Alan Mulally, who last year made a combined $37.4 million - also refused to give up their annual salaries. All the while, the trio, rounded...
...around the world about stolen manhole covers, junk haulers making healthy salaries, and coins being melted down because their value as scrap, with China the big buyer, exceeded their face value. China's scrap trade has lifted the fortunes of both the very wealthy - such as Nine Dragons Paper CEO Zhang Yin, whose recycled-paper manufacturing company made her China's richest person in 2006 - and very poor farmers who have migrated to the city to earn more from recycling than they ever could by working the land. (See pictures of the global financial crisis...