Word: vice-chairman
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...certainly being punished. Trading in Hong Kong-listed Euro-Asia Agricultural (Holdings) shares has been suspended since Sept. 30; the stock price had plummeted 86% since May, to less than $0.05. Since Yang's arrest, the company looks very much like it is imploding. Four top officials, including the vice-chairman, resigned in the last two weeks citing "personal reasons," according to company statements. The chief executive officer stepped down in September. The company also disclosed that a creditor demanded the repayment of a $3.8-million line of credit by Oct. 16, and Euro-Asia is negotiating a new repayment...
...record label (a division of British music giant EMI) has been in financial straits since Aaliyah's death, and the executives who allegedly made the promises, former EMI chief executive Ken Berry and his wife, former Virgin vice-chairman Nancy Berry, have left the company. (They did not return phone calls seeking a comment.) Nevertheless, Turner says, she is outraged at Virgin's behavior. "We worked 24/7 to get the bodies out as expeditiously as possible. We had to bring in extra staff. People worked on their day off." There has not been "one word of thanks to anyone...
...conspiracy theories. Reid has placed a trusted mandarin in charge of reviewing the breach - which will run in parallel with a criminal investigation - but his report is "unlikely" to be made public. By invoking national security, Reid also has the power to freeze out any political scrutiny. Denis Bradley, vice-chairman of the new board set up to oversee policing, fumed: "I have yet to meet anyone in Northern Ireland who believes this is anything other than the government looking after its own needs." These are delicate days for policing in Northern Ireland. There are still struggles over how much...
Congressional investigators are out one potential star witness in the Enron scandal. Former Enron vice-chairman Cliff Baxter was found dead in his car early Friday morning in the Houston suburb of Sugar Land, with a Fort Bend County justice of the peace ruling Mr. Baxter's death a suicide by midday. (There was apparently a note, whose contents have not been disclosed...
...need for new vehicles for growth is great, according to Kenneth Courtis, the Canadian-born vice-chairman for Asia of the Goldman Sachs International investment firm. "We are not in a U.S. slowdown. We're in an OECD slowdown," he said, referring to the 30-member association of advanced industrial nations. Europe, the U.S. and Japan are all losing momentum; that could put at risk economic and political stability in parts of the Americas and set back the entire process of globalization, which Courtis credited with providing much of the economic progress of the 1990s. "There's little sign...