Management
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April 5- Wall Street's psycho-analysis of Hewlett-Packard's latest board room shuffle has begun. The resignation of Hewlett-Packard Co Chairman Ray Lane and appointment of activist investor Ralph Whitworth as his interim replacement has raised hopes for a more "shareholder friendly" board at the flailing PC maker.
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NEW YORK-- A Jefferies analyst says Hewlett-Packard Co.' s board needed some change, but expects the personal computer maker won't roll out any new broad initiatives until a permanent new chairman is announced. Late Thursday HP said that Ray Lane is stepping down as chairman and board members John Hammergren and G. Kennedy Thompson are leaving the board.
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April 5- The resignation of Hewlett-Packard Co Chairman Ray Lane and appointment of activist investor Ralph Whitworth as his interim replacement is a positive move by the No.1 PC maker that augers for a more "shareholder friendly" board, analysts said.
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NEW YORK, April 4- Goldman Sachs Group Inc said on Thursday that Stephen Friedman, who once headed the bank when it was a private partnership, will retire from its board of directors because he has reached the company's age limit.
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However he rejoined the board in July after Donald Layton stepped down to become CEO of mortgage giant Freddie Mac. American International Group Inc. said William Jurgensen and Theresa Stone will stand for election to replace Offit at its shareholder meeting.
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Hewlett-Packard Chairman Ray Lane, who has come under fire from shareholders for his role in the botched acquisition of software firm Autonomy, has stepped down.
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How are white male managers doing when it comes to diversity? Great! At least that's what the white male managers said in a recent survey. NBC News reports.
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TORONTO, April 4- SNC-Lavalin Group Inc, which has already changed its structure and executive team after a scandal-plagued year, said on Thursday four of its board members, including its chairman, will retire at its annual shareholder meeting.
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NEW YORK-- TD Bank Group said Wednesday that its president and CEO plans to retire next year after 12 years of leading the Canadian bank holding company and named a current executive as his replacement. Ed Clark's departure will be effective Nov. 1, 2014. He will be 67 at that time and remain a director on the company's board until its 2015 annual meeting, TD Bank said.
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TORONTO, April 3- Toronto-Dominion Bank Chief Executive Officer Ed Clark plans to retire in late 2014, and Bharat Masrani, group head of U.S. personal and commercial banking, will succeed him, the bank said on Wednesday.
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ABU DHABI, April 3- National Bank of Abu Dhabi named the banker who led Australia and New Zealand Banking Group's push into Asia as its chief executive on Wednesday, as it expands abroad from its saturated local market.
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TORONTO, April 3- Toronto-Dominion Bank said on Wednesday that Ed Clark planned to retire as its chief executive officer on Nov. 1, 2014. The bank, Canada's second-largest, said its board had chosen Bharat Masrani, who is currently group head of U.S. personal and commercial banking, as Clark's successor.
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CHICAGO-- Accretive Health Inc. said Tuesday that former Dell executive Stephen Schuckenbrock will become president and CEO of the company, and current President and CEO Mary Tolan will become chairman. Schuckenbrock will also join Accretive Health's board of directors.
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ROCHESTER, N.Y.-- Eastman Kodak Co. said Tuesday that it elected James Continenza to its board of directors. Eastman Kodak filed for Chapter 11 bankruptcy protection in January 2012 and hopes to emerge from court protection this summer.
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Here's some advice on how to ask the right questions that can put you ahead and save your career.
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April 2- Legg Mason Inc said on Tuesday that Ronald Dewhurst will leave the company he once hoped to lead as its next chief executive. Sullivan, previously Legg Mason's sales chief, was named to lead the company in February after a five-month search to replace prior CEO Mark Fetting following his departure at the start of October.
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Celanese Corp. said that the accounting policy change took effect on Jan. 1 and was retroactively applied to 2012' s fourth quarter. The Dallas company said that due to the retroactive application, its 2012 earnings per share from continuing operations fell to $2.35 from $3.81 mostly because of a $389 million mark-to-market adjustment in the fourth quarter.
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BALTIMORE-- Money manager Legg Mason Inc. on Tuesday named four people to its executive committee, saying that the moves will help align its executive team with its growth objectives.
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OWINGS MILLS, Md.-- Weight-loss company Medifast Inc. said Monday that a lawsuit over a 2010 restatement of its earnings has been dismissed. Judge George L. Russell III of the U.S. District Court for the District of Maryland found Thursday that Medifast's accounting errors were the result of the company's rapid growth and its change to a new accounting firm.
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PORT WASHINGTON, N.Y.-- Filtration equipment maker Pall Corp. said Monday that it hired Akhil Johri of United Technologies Corp. to be its new chief financial officer. He has worked at United Technologies for 26 years and most recently was CFO of its propulsion and aerospace systems business.