Word: ceo
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...Lewis got a slap on the hand. Shareholders of Bank of America (BAC) voted to separate the chairman's role from the CEO's and the bank's board was forced to elect a new chairman, Walter E. Massey, a college president who has been on the firm's board for so long that he is as responsible for the bank's trouble as anyone else involved in the company's governance...
Starbucks started to get in trouble three years ago when its now-departed CEO said that the chain would eventually have 40,000 locations worldwide. It was an arrogant prediction given that Starbucks was not even half way there. Investors and customers saw that the firm's plans were grandiose once the leading edge of the recession hit Starbuck's business. The stock was punished and so were the company's employees. Last July Starbucks fired 12,000 people. That action broke an important bond with the employees who worked at the company, at fairly low pay, and the company...
Over at General Motors, CEO Fritz Henderson on Monday outlined a tough deal for bondholders as well, as the automaker scrambled to reduce its debt. The prospects for that deal are better than Chrysler's, but they are far from guaranteed...
...weeks, rather than the usual four to six months. "We have made vaccines against multiple flu strains and tested them in humans and gotten relevant and robust immune responses, which checks off the major boxes that the technology works against flu," says Rahul Singhvi, president and CEO of Novavax...
Former Kennedy School Faculty member Kurt Campbell recently became the latest in a litany of Harvard affiliates to be tapped for a position in the Obama Administration. Campbell, the CEO and Co-Founder of the Center for a New American Security—a moderate national security think tank, has been nominated as the assistant secretary of state for East Asian and Pacific affairs. His nomination follows the appointments of seventeen members from the Kennedy School’s Belfer Center for Science and International Affairs, according to the Belfer Center’s spring newsletter. Prior to founding CNAS...