Word: ceos
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...Intermix also owned a majority stake in a fast-growing website - Myspace.com - which had attracted an impressive 17.7 million visitors the prior month. A consummate salesman, [Intermix CEO Richard] Rosenblatt focused his comments on the potential of adding MySpace's broad audience to complement Rupert Murdoch's already enviable empire of top-flight media companies...
...line losses are a number of Citi businesses that seem to be doing well. Along with mergers and acquisitions, analysts point to Citi's foreign-currency trading divisions and its business of processing payments and moving money around the world as two other bright spots. Earlier this month, Citi CEO Vikram Pandit said his bank was profitable in the first two months of the year. "M&A alone is not a big enough businesses to swing the bank," says analyst Richard Bove, who follows bank stocks at Rochdale Securities. "But put them all together, along with the fact that Citi...
...lite New England prep schools. His proposal is at the forefront of a broader national trend: from New Jersey to Wisconsin to California, school districts and private investors are developing similar projects. Supporters hope that U.S. Education Secretary Arne Duncan, who pushed for public boarding schools as CEO of Chicago's school system, will give the programs even greater traction. (See pictures of public boarding schools...
...Edward Libby, AIG's government appointed CEO, has argued that these were retention bonuses, contractually guaranteed to employees who remained with the company. It has been further argued, on his behalf, that the bonuses are exempted by the American Recovery and Reinvestment Act, which provides that restrictions on bonuses do not apply to those made under an employment contract executed before February 11, 2009. The public seems unwilling to consider his arguments...
...Distract them with a big, shiny new toy If Geithner had testified before the same committee last week - as AIG CEO Edward Liddy did - he likely would've been eviscerated. Many of the "questions" for Liddy from both sides of the aisle turned into frustrated rants about how Geithner was botching his job and why the Treasury only just found out about the bonus payments. This week, though, Geithner was saved, in part, by the introduction Monday of the long-awaited details of his plan to get credit flowing again. Unlike his first stab at a rollout, this scheme...