Tag:
job security
Latest Headlines
Latest Headlines
Citi's Pandit to follow Rick Wagoner?
The news that the Obama Administration has effectively ousted GM CEO Rick Wagoner has led to a lot of talk on Wall Street about the fate of the likes of Vikram Pandit of Citigroup and Ken Lewis of Bank of America. These are two CEOs whose job security is constantly talked about. Some wonder why th
Lehman Brothers to lay off 1,500
The New York Times reports that Lehman Brothers will lay off about 6 percent of its workforce, or about 1,500 employees. That brings the total axed jobs to 7,500 since June 2007. You have to think that all business lines will be affected, including bankers and traders. The news guarantees that
Tough times at WaMu
While analysts generally applauded the move by Washington Mutual  to exit the wholesale mortgage business and shutter retail loan centers, there is always a human toll to such moves. Business Week takes pains to note that among those who were let go were a group of high-performers who had
