Word: ceos
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...kind of bailout and the refusal of all potential purchasers (UK-based Barclays was reportedly the one that came closest to making an offer) to sign a deal without government backing. With Lehman headed for bankruptcy, Merrill Lynch was the next- most-vulnerable-looking Wall Street firm, so its CEO, John Thain, quickly inked a $29 a share sale to Bank of America that values Merrill at $50 billion. Meanwhile, AIG asked the Federal Reserve for a $40 billion loan to tide it over - a loan it seems unlikely...
Before he became the President, CEO and Chairman of Bank of America Corp. - and the man whose $50 billion purchase of brokerage firm Merrill Lynch & Co. was some of the only good news on one of Wall Street's worst-ever days - Kenneth Lewis was a Mississippi boy who lived in a town so small he once joked that you had to go one town over "just to be born." He went to Georgia State University and then to work at North Carolina National Bank (NCNB) in Charlotte as a credit analyst - his first banking job. That was back...
...theaters. But it's likely to be profitable for Overture, which is almost certain to recoup the more than $10 million investment it made in Righteous Kill at the Cannes Film Festival last year. "If it does $25 million lifetime, we'll be happy," says Chris McGurk, CEO of Overture, a division of Liberty Media that launched in January...
...that he would return to a high-ranking executive position at Pacific Investment Management Company, a bond-specialist based in Los Angeles. During his 22-month tenure, El-Erian was tasked with bringing stability to an organization that had been rocked by the 2005 departure of its long-time CEO Jack R. Meyer, who left with a quarter of the management company’s staff amid heated criticism over multimillion dollar compensation packages for him and his top managers. Meyer and several of his former lieutenants now run the Boston-based hedge fund Convexity Capital Management. Robert S. Kaplan...
...have been formidable. The organizers include Alan Khazei of Be the Change, Michael Brown of City Year and John Bridgeland of Civic Enterprises. Joining me as co-chairs are Vartan Gregorian, president of the Carnegie Corporation of New York; Alma Powell, who runs America's Promise Alliance; Bill Novelli, CEO of AARP; Laysha Ward, president of Community Relations and the Target Foundation; and Caroline Kennedy, whose father framed the mission best: "Ask not what your country can do for you; ask what you can do for your country...