public marks

PUBLIC MARKS from bacon with tag richard

April 2009

HSBC seeks $4 bln from property sales to fuel bank's Asian expansion

Europe’s largest bank, HSBC Holdings Plc is looking to sell three of its office buildings, including its London headquarters at Canary Wharf, to raise GBP 2.7 billion or EUR 3 billion. The other offices on sale include the company’s French ...

Pulte Homes and Centex Corporation Merge in $1.3 Billion Deal!

Pulte Homes, Inc. said it’s buying rival builder Centex Corporation in a deal creating the country’s biggest home builder. Terms call for Centex holders to get 0.975 Pulte shares for each share they own, valuing Centex at $10.50 a share, a ...

March 2009

Ackman's Pershing nominates five to Target board!

Pershing Square Capital Management, L.P. announced today that it notified Target Corporation (NYSE: TGT) that certain of its affiliates intend to nominate five candidates for election to the company’s board of directors at its upcoming 2009 Annua...

February 2009

How Turkish Airlines Plane Crashes at Dutch Main Airport?

Being a capitalist, I’m not typically into regulation, but when it comes to people’s safety, something has to be done. As times are getting tougher, Aviation companies are going to continue to cut costs and it’s showing an impact on t...

December 2008

Novellus to cut Richard S. Hill pay by 50 and workforce by 10 percent!

I guess Unemployment hasnt bottomed yet! Novellus Systems Inc. announced it will cut CEO Richard S. Hill’s pay by 50 percent as the company begins a 10 percent reduction in its workforce due to slumping revenue. The job cut was made in response t...

November 2008

Innovative Card Technologies Names Richard J. Nathan President and CEO!

The Board of Directors of Innovative Card Technologies, Inc. today announced that past board member Richard J. Nathan will assume the position of president and CEO effective immediately. The board also appointed Nathan to re-serve on the Company’...

Failed leadership and poor decision making comes to an end: Lehman CEO Richard S. Fuld to resign

Finally Lehman Brothers Holdings has announced that their current Chief Executive Richard Fuld would leave his position at the company by the end of the year. He would not be given any severance or bonus when he departs. He would however continue worki...

John Stumpf requested Richard M. Kovacevich to continue as chairman

Wells Fargo & Company’s (NYSE:WFC) Board of Directors, with the recommendation of CEO John Stumpf, requested that Chairman Dick Kovacevich, who turned 65 last week, continue as chairman for an interim period and Kovacevich agreed. To make this po...

Great move: Delta awarding CEO Richard H. Anderson $13.6M for closing NWA deal

Delta Air Lines CEO Richard Anderson will get stock awards worth more than $13 million beginning next year for closing the carrier’s buyout of Northwest Airlines. Anderson has to stay with Delta to get the shares and options. Delta employees and ...

October 2008

Congressional Scrutiny, The blame game: Richard Fuld vs Henry Waxman

I think ‘lack of capable leadership’ is the real reason this company failed. Fuld knew the street was short LEH stock, and they were betting on him not taking the correct action, which would have been to purge the firm’s books of all ...

Foot Locker Inc fires US CEO Richard T. Mina

Foot Locker Inc. a New York-based retailer of athletic footwear and apparel, the owner of more than 3,700 shoe stores, has asked Richard Mina, the president and chief executive officer of Foot Locker Inc. USA division, to resign. Foot Locker notified ...

September 2008

Fate of Lehman Brothers Holders Inc.- Who will save Lehman Brothers?

As I always endorsed Financials has no boundary, nor politics. There is a big buzz in economic arena growing Chinese power; people even start saying The Chinese already owned you. Now, they own the bank where you deposit the money. Money goes back to ...

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