Word: ceo
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Lehman Brothers CEO Dick Fuld may have helped ignite the financial apocalypse, but consider this: in 2006, through his Kathy and Richard S. Fuld Jr. Family Foundation, Fuld also gave away more than $5 million. The Lehman Brothers Foundation gave another $39 million last year to charity, either directly or by enabling the charitable giving of its workers - many of whom are now unemployed or considerably less secure about their financial futures...
...that: during the relatively severe downturn of 1974, giving declined 5.4%. Given that the current crisis seems unprecedented in its scope, no one is willing to predict just how bad things might get for the nonprofit sector. "The ramifications are absolutely going to be huge," says Gordon J. Campbell, CEO and president of United Way of New York City...
...mood around New York City, as among mom-and-pop investors around the country, went from worry to confusion to, at times, cautious optimism, only to circle back to fear. At a panel discussion on Friday on the seventh floor of the New York Stock Exchange, JPMorgan Chase CEO Jamie Dimon was asked how much more credit crisis is left to play out. "Nobody really knows," he said. "Clearly we're in the panic stage of unreasonable behavior." At the Connecticut offices of UBS, nervous colleagues passed around a joke about why the market was like a divorce but worse...
...management team was appointed in August. "We have focused on implementation and execution to make sure the first hospital can work very well," says Mark Chen, the company's 45-year-old Ivy League--educated CEO. Chen says Sunnylife recently completed its first hospital project...
Most important, Pittsburgh has diversified its economy to replace the lost jobs of thousands of steelworkers. To get a real sense of that transformation, go to the CEO's perch on the 62nd floor of the U.S. Steel building--a floor that sat empty for seven years. "What made Pittsburgh great is exporting the steel that it made, and the money came back," says Jeffrey Romoff. Understand, Romoff does not work for U.S. Steel, which has been doing fine, mind you. Instead, he's the CEO of the University of Pittsburgh Medical Center (UPMC), the thriving $7 billion health-care...