Word: companyã
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...After finishing his education, he briefly worked in accounting before returning to HBS as an assistant professor. But he took leave to help direct the Allied air war in WWII, and then left academia afterwards to work at Ford Motor Company??where he later became President—because his Harvard salary was not enough to pay the medical bills when both he and his wife came down with cases of polio...
...will outperform their market indices this fiscal year. According to Mendillo, the portfolio deleveraging process initiated prior to her arrival had been “accelerated” during the course of the financial crisis, leaving HMC with a positive cash situation today—in contrast to the company??s historic negative 5 percent cash reserve. But she says that HMC is now aggressively analyzing ways to carefully reinvest that cash to take advantage of opportunities for significant returns and diversification over the next few years. “The financial crisis has created the opportunity...
When the financial giant American Insurance Group began wading into a world of new and complex financial instruments, putting hundreds of billions of dollars on the line, the company??s top brass was unconcerned.AIG had hired Gary B. Gorton—a financial economist at Yale—to use quantitative models to project the worst case scenario for the company??s balance sheet.Using historical data, the models predicted a rosy future not too-unlike the recent, prosperous past, giving AIG’s leadership confidence in entering uncharted markets.But by last September, one of AIG?...
...company announced six new nominees to its board on May 19. According to the Washington Post, at least five of the nominees were selected by the company??s federally-appointed trustees...
Feldstein’s exit comes as the last in a series of departures of veteran directors at AIG. The company??s recently-appointed Chairman and CEO Edward M. Liddy and long-time directors Stephen F. Bollenbach and James F. Orr have all announced that they will step down...