Word: ceo
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...deal was even less popular when Abbey's new CEO António Horta-Osório slammed the brakes on new mortgage lending in 2006, right in the middle of a housing boom. But Horta-Osório looked prescient when U.K. banks such as Alliance & Leicester and Bradford & Bingley kept on lending and then found themselves in crisis when the market crashed. Santander bought them both - in B&B's case, it was only the deposits and branches - for about one-fifth of what it had paid for Abbey. (Read: "U.K. Acts to Stem Bank Panic...
...CEO. I was in charge. I'm really very sorry about the pain and suffering and loss that was caused. I take responsibility...
...Still, buoyed by their increasing revenues, studios have not given up. Disney, which has a stake in Mumbai-based film and television producer UTV, is right now making two live-action films. Fox Star CEO Singh says he hopes to start making up to five Indian films a year. He is betting on the studio's first Indian co-production My Name Is Khan, to be released globally next month. It has all the right ingredients: Bollywood screen royalty, a hit director and the requisite hype. And if it clicks, it could be the script for the ultimate Hollywood-Bollywood...
...fuel-hedging bets; other regional airlines such as Cathay Pacific and Singapore airlines also reported losses from similar transactions. Airlines use fuel futures to ensure a predictable fuel price, but they can lose big if the price of oil plummets as it did at the end of 2008. The CEO of Qantas, Alan Joyce, told reporters last week that Freeman and Marsilli did nothing wrong. The fuel hedging, Joyce said, was part of the "normal course of business practice...
...Jack R. Meyer, then-CEO of HMC who presided over a long period of endowment growth, left the organization with 30 employees to start a hedge fund after some alumni protests resulted in a flurry of negative media attention and salary decreases for top-performing HMC portfolio managers...