March 2009
Dr. Ben S Bernanke Calls for Increased Financial Market Regulation
Guide Regulatory Revamp, Less Restrictive Money-Fund Rules! Federal Reserve Chairman, Ben S Bernanke urged an overhaul of financial regulatory policies and accounting rules in an effort to smooth out the extreme volatility in financial markets. Bernank...
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...
Do you think Infosys days are gone and it should fire S. Gopalakrishnan?
Do you think Infosys days are gone and it should fire S. Gopalakrishnan? It seemes to be the clearest indicator of the state of the Indian IT industry in on decline. Infosys Technologies, has decided to freeze all recruitment for the next fiscal. Flash...
November 2008
Great move; Goldman Sachs CEO and six other top execs says no to Christmas bonuses for 2008.
Goldman Sachs CEO Lloyd Blankfein and six other top execs including Jon Winkelried, Gary Cohn, David Viniar and three vice chairmen — J. Michael Evans, Michael Sherwood and John Weinberg of the troubled firm have decided to forgo their Christmas ...
InSite Vision's Third Quarter 2008 Financial Results out; bye bye to S. Kumar Chandrasekaran with $1.3M
InSite Vision Incorporated (AMEX:ISV) today announced that Louis Drapeau, the company’s Vice President and Chief Financial Officer, has been appointed interim Chief Executive Officer. S. Kumar Chandrasekaran, Ph.D., will step down as Chief Execut...
October 2008
Intel CEO Paul S. Otellini seems overconfident with record Q3 results
The great thing about America is that everyone is entitled to thier opinion….and one is able to either voice it, or keep one’s mouth shut especially if said person has no idea what they are talking about…. So why not Intel CEO Paul S...
September 2008
Why Cardinal Health Spinoff is impotent: George S. Barrett to replace Kerry Clark
Medical supplier Cardinal Health Inc, a global provider of products and services paid Chairman and CEO R. Kerry Clark $9.7 million in total compensation in fiscal 2008, more than doubling his compensation from the year before. Clark’s 2008 pay p...
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 ...
August 2008
Lewis S. Ranieri quits, Alan E. Master become new Franklin Bank CEO
Lewis Ranieri said he is resigning as interim chief executive of Franklin Bank Corp but will remain chairman, allowing him to focus on raising operating capital for the struggling Texas bank. Alan Master, President and a director of Franklin, was name...
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