Tag:
succession
Latest Headlines
Latest Headlines
Jon Corzine vying for Treasury Secretary position?
We noted recently that Jon Corzine, the former Goldman Sachs CEO who later went into politics, made an interesting offer in a recent prospectus for a MF Global bond offering . If he is tapped for a public service job and has to leave the company, he will pay bondholders an extra percentage poin
Carl Icahn's son ready to take over
"If you want a friend, get a dog." The line is often attributed to Gordon Gekko, the character in Oliver Stone's "Wall Street." But Stone got it from Carl Icahn, a towering figure on Wall Street even at age 75. The New York Times reports that he is now pondering his legacy and the challenges o
Bank CFO: A terrible job?
There was a time when we all speculated about how the office of the CFO had been elevated at top banks. To some, the job had become a stepping stone to the CEO position. If someone could succeed as CFO, surely they were ready to run the whole show. That may still be true; in fact, it may be more t
Was the Hewlett-Packard board fair to Mark Hurd?
Ethical breaches are never easy for directors to deal with, especially when it comes to the CEO, who often is also chairman, that is, their boss. But you have to be willing to act. For better or
The need for succession at hedge funds
There was a day when the biggest names in the hedge fund industry ( hedge fund news) were so intimately connected to their funds that the thought that someone else could continue the tradition was not taken seriously. So when the likes of Julian Robertson and Michael Steinhardt decided to retir
A rising star at Citigroup
We've become accustomed to the idea of Vikram Pandit on the hot seat. A lot of people are surprised he has lasted this long as CEO of Citigroup ( C ). Whether you believe he's got a long career ahead of him at the beleaguered bank, it's a good idea in general these days to worry about succession
CFO to run consumer unit at Bank of America
CEO Brian Moynihan has signaled that he is not afraid of novel executive moves. He has made CFO Joe Price, the head of consumer banking, a major unit at the company, obviously. He'll be running the consumer, small business and card operations. It may not be as novel as it sounds initially. Price h
JPMorgan, damage control in Europe?
What does the Jamie Dimon's shake-up of JPMorgan Chase ( JPM ) mean to the London-based European unit? That's a huge internal question right now. Jaime Dimon and his heir apparent James Staley have sought to persuade the London team that the region remains of critical strategic importance, repor
The future of Jamie Dimon
Jamie Dimon is only 53, and he's found himself atop the financial services industry. More than any other top executive, he has used to the crisis to burnish his reputation. He's the man right now, when it comes to the banking industry. So where does he go from here?
Well, it's fair to say succ
The future chief of JPMorgan?
Like all bank boards, the JPMorgan board must consider the issue of succession--even when the CEO is only 53 and at the peak of his powers. Jamie Dimon may have made his pick. He set up James Staley as the sole head of investment banking. At the same time, William Winters, current co-head of inves
