Word: shake-up
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...surprise shake-up, General Motors CEO Fritz Henderson was ousted by the company's board after just eight months on the job. The troubled auto giant--now 60% owned by the U.S. government--has shown modest signs of economic improvement, but Henderson, a company veteran, clashed with directors seeking quicker change. Chairman Ed Whitacre, a former head of AT&T, will take over as interim...
...icon of racial diversity near the summit of power. But now Rama Yade - the Senegal-born minister whom President Nicolas Sarkozy once called "my Condi Rice" - has angered her boss, alienated colleagues and fallen into such disgrace that her ejection from the cabinet is virtually certain during a shake-up next spring. About the only thing not failing Yade these days is public opinion - which continues to rank the outspoken 32-year-old higher than any of the politicians now yearning for her ouster...
...Read "A Shake-Up in German Politics...
...Learning Company, to Mattel in 1999 for $3.6 billion. But almost immediately the deal turned sour. The Learning Company lost $200 million in the second half of 1999 alone. O'Leary and Perik, who joined Mattel after the merger, left the toy company six months later in a management shake-up. In 2001, Mattel disposed of the Learning Company by giving away most of the division to a private-equity firm for free...
...bank's investors prior to its $50 billion purchase last year of brokerage firm Merrill Lynch. In a separate development on Monday, the bank also announced that it had hired Sallie Krawcheck, a former top Citigroup executive, to run the Merrill Lynch brokerage division as part of a management shake-up. Observers say the move frees up Brian Moynihan, who had been in charge of Merrill's divisions and has long been thought to be Lewis' successor, to take on a larger role at the bank. Krawcheck, a former chief executive on Wall Street, is also a possible contender...