Word: ceos
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chair and CEO, American Financial Corp...
...Last week Diller and CBS chairman Laurence Tisch announced that the Eye network would acquire QVC. CBS shareholders would own about 53% of the company, QVC shareholders the rest. If the deal goes through, Tisch will be chairman of the merged companies, and Diller will be president, CEO and chairman of the executive committee. QVC will designate five of the 12 members of the board of directors, including Diller. Tisch will own about 10% of the combined company (through his family-held company, Loews Corp., he owns 20% of the current CBS), but, he declared, "Barry will be the boss...
CHAIRMAN, CEO: Reginald K. Brack...
...over allegations that it manipulated the nicotine content of its products to hook smokers, took another big hit. FDA Commissioner David Kessler told a House health subcommittee that the Brown & Williamson Tobacco Corp. developed and grew a high-nicotine tobacco plant and used it in several of its brands. CEO Thomas Sandefur contended that cigarettes made using the plant did not contain more nicotine. Meanwhile, the Justice Department announced its own investigation of tobacco-industry practices -- including the question of whether tobacco executives misled Congress...
...Kidder CEO Resigns...