Word: ceo
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...mini-batteries, storing renewable electricity as it's generated - and eventually even channeling electricity back into grid during cloudy or windless days, a system called vehicle-to-grid. "If you have control over renewable power resources and plug-ins, you can start to synchronize the two," says John Clark, CEO of V2Green, a Seattle start-up that is looking to integrate the grid and plug-in vehicles, and which has already begun field trials with utilities in Austin, Texas. "To utilities, electric cars can become batteries on wheels...
Lewis worked hard and advanced quickly at NCNB. In 1985, when the bank's CEO Hugh McColl, asked him to move to Florida to run a string of branches, he reported to his new job in less than 24 hours. Through a series of purchases made by McColl, NCNB turned into NationsBank, which turned into Bank of America, which in time grew to become the nation's biggest retail bank, home loan provider and credit card issuer...
...Bank of America expanded, Lewis continued up the corporate ladder, and when his mentor retired 2001, Lewis stepped into the CEO spot. He immediately cut 10,000 jobs and outsourced many others to India. In 2003, he spent $47 billion on his first major acquisition, FleetBoston Financial Corp., which gave North Carolina-based Bank of America a foothold in the northeast market. A series of other purchases - Chicago's LaSalle Bank, Charles Schwab's private banking program - earned him a reputation as a man with a penchant for savvy multi-billion dollar deals. This January, he bought Countrywide Financial Corp...
...staffers took stock of their losses, a cottage industry sprouted around them. Geoffrey Raymond, a painter who creates portraits of Wall Street titans - former New York Stock Exchange chairman Dick Grasso, former New York Governor Eliot Spitzer, ex-Bear Stearns CEO James Cayne - unveiled The Annotated Fuld, a large canvas of the embattled Lehman Bros. leader. Raymond rendered Richard Fuld with yellow brushstrokes, his eyes sunken and gazing into the distance, and invited passers-by to adorn the portrait with personal messages. Lehman employees were offered green markers; non-affiliated onlookers got black ones. Some scrawled angry missives: "The banks...
...month after an accounting scandal made headlines, the telecommunications company, once the second largest long-distance carrier in the U.S., filed for bankruptcy. Several WorldCom executives subsequently pleaded guilty to fraud charges, with CEO Bernard Ebbers sentenced to 25 years in prison. The company emerged from bankruptcy...