YORK, Pa.-- Bon-Ton Stores announced CEO Brendan Hoffman will step down next year after the department store reported falling profit and sales for the fourth quarter. Like other retailers, Bon-Ton said nasty winter weather kept shoppers away from stores around the crucial holiday season.» Read More
Robert McCann, UBS Wealth Management Americas CEO, successfully brought four former Bank of America-Merrill Lynch senior managers with him to UBS, but it will be difficult for him to poach any more talent from his former firm, sources close to the matter told CNBC.
Brook Barnes front page article in NY Times, “After Mickey’s Makeover, Look for a Little Less Mr. Nice Guy” is a dead ringer not only for a Mickey Mouse makeover, but for the majority of people in their business and personal lives.
Nearly a year after leaving Bank of America under a cloud of controversy involving massive losses, executive bonuses, and lavish office decorating, former Merrill Lynch CEO John Thain is set to emerge from his self-imposed seclusion Thursday at a hedge fund event in Greenwich, Conn.
Stocks for the long run no longer holds. Coming off a difficult decade for the returns of the S&P 500, pundits have cooled their outlook for future returns. This is consistent with the inside view, but is this thinking the makings of a bad decision?
Business air traffic is starting to stabilize, said Larry Kellner, CEO of Continental.
Anthony Viceroy, President of Global Operations, Porter Novelli writes, "Upon peering into its crystal ball late last year, the Economist dubbed 2009 "The Year of the CFO" — which sounds like a pretty exciting prospect for a guy like me. But in its article, the magazine went on to posit, “Recession, credit crunch and the increasingly complex nature of global companies will all play directly into the bean counter’s hands......that’s harsh"
Embattled Bank of America CEO Ken Lewis agreed to give up his $1.5 million salary and other compensation for 2009. Lewis will repay the bank the more than $1 million that's been paid to him so far this year.
E-mail messages from Bank of America reveal formerly secret discussions about its ill-fated merger with Merrill Lynch.
Google says a board member who is also a director of computer maker Apple is stepping down, removing a potential conflict of interest as the two companies look to compete more directly.
Goldman Sachs will be scrutinized this week not only for its third-quarter earnings but for how the firm deals with up to $20 billion in bonuses.
Robert McCann, the former head of Merrill Lynch's brokerage group plans to join UBS, either to head its wealth management unit or for a higher position, CNBC has learned.
During this financial crisis, many Americans turned their collective anger toward Wall Street. Geoffrey Raymond has turned this anger into street art.
Citigroup CEO Vikram Pandit received a favorable review in an external study examining his role as the bank's head, sources close to Pandit told CNBC.
Turnover among CEOs dropped 25 percent in September as compared to the same month a year prior, according to a report by Challenger, Gray & Christmas outplacement company.
Chief Risk Officer Greg Curl and Head of Retail Operations Brian Moynihan are the two most likely internal candidates to replace Bank of America CEO Ken Lewis, sources close to the situation told CNBC.
Bank of America board members Chad Gifford and William Boardman are at the top of list to replace CEO Ken Lewis for an interim term of about one year, sources close to the situation told CNBC.
Bank of America spacer board member Donald Powell told CNBC Thursday that finding a successor to Lewis will be orderly and directed toward finding the right person.
Bank of America CEO Ken Lewis, the embattled head of the nation's biggest bank, told the board he plans to step down by the end of the year.
In the midst of the "Great Recession," Jordan Goldman launched a startup that has risen to become one of the largest resources for college information on the Web. CNBC sat down with the young entrepreneur at his New York office and asked him where he got the idea for Unigo.com.
Bob McCann, who ran Merrill Lynch's brokerage divison before the buyout by Bank of America, may take the place of Robert Wolf as the head of UBS America, according to sources within UBS.