April 2009
US Planning to reveal bank stress test results for Top 19 Banks to restore confidence.
The US government could disclose bank stress test results details about the financial health of its top 19 biggest banks in a bid to reassure investors and restore confidence in the financial system. US government regulators are conducting stress tests...
Oregon sues OppenheimerFunds over 529 losses
Acting on behalf of tens of thousands of Oregon families, the state sued OppenheimerFunds Inc.,and are seeking $36.2 million in damages from them, which managed a fund responsible for steep losses in the Oregon College Savings Plan. Oregon Treasurer Be...
Skype Founders Might Buy Back Firm From eBay
The original creators of the Skype VoIP Internet communication network are reportedly seeking to buy the company back from eBay. Niklas Zennstrom, from Sweden, and Janus Friis, from Denmark, founded Skype in 2003 and sold it to eBay just two years late...
December 2008
Merrill Lynch CEO John Thain says no to 2008 bonus!
All politics. So, he’ll get a 30 million dollar bonus next year, and everyone will have forgotten what a crook he is, or at least, stop making a big deal out of it. The wall street Journal reported today that John Thain CEO of Merrill Lynch appli...
Do you think Merrill Lynch's John Thain Should be paid?
The board of Merrill Lynch (MER) is fighting with CEO John Thain over whether he should get a bonus. The board will probably win. It is the board. And, since Merrill has been sold to Bank of America (BAC), members don’t have to look Thain in the ...
Papa John's Named One of Top Franchises for Minorities for Second Consecutive Year
For the second consecutive year, Papa John’s International, Inc. (Nasdaq: PZZA) has been named one of the top 50 franchises for minorities by the National Minority Franchising Initiative (NMFI). NMFI made the selection based on many factors, incl...
Board of Directors of Papa John's Names Founder and Chairman John H. Schnatter as Interim CEO
Papa John’s International, Inc. (NASDAQ: PZZA) today announced that its Board of Directors has named John H. Schnatter, the Company’s Founder and Chairman, as Interim Chief Executive Officer, effective immediately. Mr. Schnatter succeeds Ni...
November 2008
Enrique T. Salem to replace John W. Thompson as President and Chief Executive Officer at Symantec!
Symantec (Nasdaq: SYMC) today announced that John W. Thompson, chairman and chief executive officer, will retire as CEO at the end of the fiscal year. The board of directors has appointed Enrique T. Salem, Symantec’s chief operating officer, as presi...
John Wilson Named as President and CEO of Quantapoint!
Eric Hoffman to Remain as Founder, Developing Quantapoint’s Innovative Technology and Services. Quantapoint today announced that John Wilson has been named President and Chief Executive Officer of Quantapoint. The selection was made by Quantapoin...
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 ...
Who can be next Obama’s Tech-Czar?
Now as Google CEO Eric Schmidt has said he’s not interested, assumption over the nation’s chief technology officer job is becoming a serious concern for Obama. If it’s technology and not just information technology, why limit the list to informat...
Jerry Yang turned into worst CEO of the year!
As Yahoo famously turned down a bid from Microsoft earlier this year claiming that it was under valued. It also wired a poison pill into everyone’s contracts so that anyone who took the company over would have to pay staff shedloads of cash. Lately...
Tough task: John P. McLaughlin to lead PDL BioPharma as President and CEO
PDL BioPharma, Inc. (PDL) (NASDAQ: PDLI) today announced that its board of directors has appointed John P. McLaughlin to become president and chief executive officer (CEO) following the company’s planned spin-off of its biotechnology assets. Foll...
Cisco and John T. Chambers: made for each other
Cisco (NASDAQ: CSCO), the worldwide leader in networking that transforms how people connect, communicate and collaborate, today reported its first quarter results for the period ended October 25, 2008. Cisco reported first quarter net sales of $10.3 bi...
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...
Dana Holding Corporation Announced John M. Devine As A New Chairman And CEO, Gary L. Convis As Vice Chairman
Dana Holding Corporation (NYSE: DAN) today announced that its Board of Directors has appointed John Devine to the expanded role of chairman and CEO, and named Gary Convis vice chairman. The changes are effective January 1, 2009. The Board has also exte...
October 2008
A review: John Varley Barclays looks to Middle East for funding; Who is Sheikh Mansour?
The Board of Directors of Barclays today announces a proposal to raise up to £7.3 billion of additional capital from existing and new strategic and institutional investors. The Capital Raising, which is subject to approval by Barclays shareholders, w...
Africa Online's chief executive officer John P Joseph died in a boating accident
Africa Online’s chief executive officer John Joseph died in a boating accident in Mombasa on Friday, Kenyan newspaper the Daily Nation reported. Joseph, 47, was on holiday when the accident occurred. Details of what happened were not known and hi...
Wells Fargo CEO John Stumpf will not fire Wachovia staff
Wells Fargo & Company reported diluted earnings per common share of $0.49 in third quarter 2008 compared with $0.53 in second quarter 2008 and $0.64 in third quarter 2007. Net income was $1.64 billion compared with $1.75 billion in second quarter ...
John N. Ehrman former CEO of Rocky Mountain Energy digged his own grave
I mean, it’s not like John Ehrman robbed a bank and got away with a few hundred dollars-that is serious jail time. He only robbed the investors and got away with millions. No Biggie. Sounds familiar: A person over-reports listed assets when app...
Michael Fister the acquisition machine resigns, a Cadence cry
Software company Cadence Design Systems Inc. slid in pre-market trading, after the company’s president and Chief Executive Michael Fister resigned. Wheer as company said it created an interim office led by three senior executives to run Cadence ...
Mr. Right: Can NYSE's John Alexander Thain Work for Ken Lewis at Bank of America?
If you remember he is the guy who sold Merrill Lynch to Bank of America less than one year after taking the top job. Was it smart move by Kenneth D. Lewis to offer him such a responsible position? Only time can say. Secondly he can be the front runner...
September 2008
Frederick W. Smith again wins: A review on FedEx Corp Shareowner Meeting
Memphis-based FedEx Corp formerly known as FedEx Kinkos shareholders voted down a proposal to separate Frederick W. Smith’s role as both CEO and chairman at its annual meeting in Memphis. Another proposal that would give stockholders more control ov...
August 2008
University of Illinois drop out Lawrence J. Ellison of Oracle: highest paid Technology CEO
With $84.6M pay package Larry Ellison ($26 billion man) of Oracle Corp., Technology’s highest paid CEO currently is also America’s highest paid CEO, - who with a fiscal 2008. Noting that annual pay totals are “based on salary, bonu...
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