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Boom Bust and Blame

Crisis A-Z


K

Kelly, Robert:
Current Chairman and Chief Executive Officer of the Bank of New York Mellon Corp. He has been at the position since the Bank of New York and Mellon Corporation merged on July 2, 2007. Before that, Kelly was Chairman, President, and CEO of Mellon and had been serving there since 2006. Before assuming the position at Mellon, Kelly served as CFO for Wachovia Corporation.

Born in 1954, Kelly attended St. Mary's University in Canada, where he earned a bachelor's degree and a doctorate. He then received an MBA degree from Cass Business School in London.

Kelly and his wife, Rose, have two children.

Killinger, Kerry:
Former Chief Executive Officer and Chairman of Washington Mutual. He was ousted by the board of directors on September 25, 2008 as the firm faced multiple losses due to the sub prime mortgage crisis. He had been CEO since 1990 and Chairman since 1991. After his dismissal, Washington Mutual was sold to JPMorgan Chase.

Born on June 6, 1949 in Des Moines, Iowa, Killinger attended the University of Iowa and earned bachelor's and Masters degrees in business administration in 1970 and 1971 respectively. He started working as an investment banker in 1972 and joined Washington Mutual after it acquired Murphy Favre in 1983, where he was vice president.

Kovacevich, Richard:
Current Chairman of Wells Fargo & Company. He has been in the position since April, 2001. He also served as Chief Executive Officer from 1998 to June 2007. Kovacevich joined Wells Fargo after his company, Norwest Corporation, merged with the bank in 1998. He had been Vice Chairman, COO, and later CEO at Northwest.

Kovacevich was born on October 30, 1943 and grew up in Enumclaw, Washington. He earned bachelors and Masters Degrees in industrial engineering from Stanford University and later obtained an MBA degree from Stanford Business School in 1967.