Word: chief
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Greenberg is not likely to escape tough questions. It was Greenberg, after all, who supervised Joseph Cassano, chief of AIG's Financial Products (FP) unit, whose sales of uncollateralized credit-default swaps brought down the company. Representative Peter Welch, a Vermont Democrat and committee member, blamed Greenberg for "allowing a culture to develop that completely contradicted the insurance-company ethic of limiting risk." Greenberg, Welch said, is trying to redeem his reputation on the grounds that "he was out the door before the roof fell...
Former AIG chief executive Maurice (Hank) Greenberg told Congress on Thursday morning that as much as $50 billion in payments that AIG has made in the past few months to banks and other financial firms, including Goldman Sachs and Deutsche Bank, should not have been made. Greenberg believes the banks should be forced to reinvest some of those trading profits in AIG by buying the company's shares...
...carrot of E.U. membership is one way of scaling back the military's influence. "A chief condition of joining the E.U. is that the military is transparent and accountable to parliament," says Kardas. But that process has largely stalled, with European leaders divided over Turkey's future membership. New hope has arrived in the shape of U.S. President Barack Obama, who will visit Turkey next week and whose administration is keen to have Turkey - Muslim yet officially secular and democratic - play a larger role in the region...
...nation Organization for Economic Cooperation and Development in Paris, chief economist Klaus Schmidt-Hebbel argues forcefully that governments should do more to retrain workers and overhaul their labor-market policies to ensure that once recovery comes, new jobs are created in sufficient numbers to swiftly bring the jobless rate back down again. But ask him about the German short-work measures, and he's skeptical. "They can't stop rising unemployment," he says, "they just delay it." Indeed, in its latest economic forecast released March 31, the OECD expects unemployment in Germany to rise from its current...
...public and political pressure that led to former General Motors Chief Executive G. Richard Wagoner’s resignation may have unfairly overshadowed his part in reinventing the company after its decades-long decline, said several of Wagoner’s Harvard Business School classmates. Wagoner, who graduated from the Business School in 1977, stepped down on Monday at the request of the Obama administration, which has sought to force more rapid changes within the three beleaguered American automobile manufacturers that have received assistance from the administration’s multi-billion dollar bailout fund. GM lost $30.9 billion last...