Word: chairman
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...executive of Cantor Fitzgerald & Co., the firm's investment banking subsidiary. "The dislocation in the financial markets has caused others to take the eye off the ball, allowing us to gain market share." The parent company is still headed by Howard Lutnick, who is the CEO of Cantor and chairman of a publicly traded subsidiary BGC Partners, which is 40% owned by Cantor. Lutnick was famously taking his son to his first day of kindergarten on September 11 and not in Cantor's offices when the World Trade Centers were attacked. Lutnick recently told analysts that he was optimistic...
...foot dragging on Chrysler is affecting GM, too. In a Friday conference call with the media, GM chairman Fritz Henderson lamented that GM's own union negotiations are being slowed because the UAW won't move forward until the Chrysler/Fiat negotiations are resolved. That makes sense: Whatever terms Chrysler gets will be a precedent for GM, too. GM faces a June 1 deadline from the U.S. government to produce sufficient cuts to ensure viability...
...include any new taxes nor does it draw from the remaining $1.3 billion in the rainy day fund.“In crafting this budget, the Committee was faced with an array of distasteful choices as a result of the global fiscal crisis,” wrote committee chairman Charles A. Murphy in a letter to the Massachusetts House of Representatives. “It is impossible to make budget cuts of this magnitude without adversely affecting wide portions of our society.”After the state House debates and revises the budget, the state Senate will draft...
...come to this? Even some of the most ardent Clinton loyalists are cringing. But as just about every loser learns, "this is the hardest money to raise in politics," says former Federal Election Commission (FEC) chairman Robert Lenhard. Clinton's operation in particular relied heavily on traditional big donors, most of whom maxed out during the campaign on the amount they were legally allowed to give. Meanwhile, amid hard economic times - and absent the political intensity of a hard-fought campaign - it is more difficult to get small donors to open their checkbooks. Still, Clinton is determined to clear...
...worry that China is being handed the keys not just to their country's natural resources but also to sensitive strategic areas, threatening the nation's security. "The danger is that China has won most of the bids building electricity, cement and chemical plants," warns Nguyen Van Thu, the chairman of Vietnam's Association of Mechanical Industries. "They eat up everything and leave nothing." (See pictures of the border war between China and Vietnam...