Word: co-head
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...There are going to be changes to the boards of every major financial-services firm," says Clarke Murphy, co-head of the board-services practice at executive-search firm Russell Reynolds. "As many as half of their independent members [i.e., directors who are not officers of the bank] may change...
Under Citi's proposed compensation plan, three of the company's top five executives would be paid a total of nearly $12.5 million in cash bonuses over the next five years. One of the executives, James Forese, is a co-head of Citi's Institutional Client Group, which lost $20 billion in 2008. Forese is rewarded $5 million under the plan. At least 15 other Citi executives are in line for multimillion-dollar payouts. Citi declined to say how much in total it has promised under the plan...
...Erian, who has led HMC for almost two years, said in September that he would step down at the end of this year to co-head his former company, PIMCO. According to University spokesman John D. Longbrake, Kaplan’s early start will enable the transition to take place as he completes teaching this semester...
...Erian, who has led HMC for almost two years, said in September that he would step down at the end of this year to co-head his former company, PIMCO. According to University spokesman John D. Longbrake, Kaplan's early start will "ensure a smooth transition while Kaplan completes his teaching responsibilities this semester...
...Andrew Garfield) from apathy to engagement. In Afghanistan, two of the teacher's former students (Derek Luke and Michael Peña), now soldiers, find themselves in the military offensive the Senator outlined. The film, written by Matthew Michael Carnahan and directed by Redford, is Cruise's first project as co-head (with producing partner Paula Wagner) of the revived United Artists. The two stars joined Streep to chat with TIME's RICHARD CORLISS about the movie, stardom and the role of politics in the entertainment business...