Reuters – Goldman Sachs Group Inc is the bank many Americans love to hate, but one group just plain loves it: its employees. Read More Goldman employees still enamored with firm and CEO
Reuters
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Reuters – BP Plc is expected to install an American known for diplomacy as chief executive, replacing Tony Hayward who has come under fire for his gaffe-prone handling of the worst oil spill in U.S. history.
Read More BP set to replace CEO as spill cleanup resumes
Reuters
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Reuters – BP Chief Executive Tony Hayward will collect a pay and pension package worth at least 11.8 million pounds ($18.03 million) when he steps down from his role at the company, the Times newspaper reported on Sunday.
Read More BP CEO to walk away with 18 million report
Reuters
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Reuters – BP Plc’s board will discuss the future of Chief Executive Tony Hayward when it meets on Monday to discuss the Gulf of Mexico oil spill and the firm’s second-quarter results, sources familiar with the matter said. Read More BP to discuss CEO Haywards exit on Monday
Reuters
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Reuters – Bailed-out insurer American International Group Inc (AIG) named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, replacing existing boss Mark Wilson. Read More AIG names exPru CEO Tucker AIA boss and revives AIA IPO
Reuters
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Reuters – American International Group’s failed sale of its Asian life insurance unit AIA has led to increased tensions between Chief Executive Robert Benmosche and Chairman Harvey Golub, the Financial Times said, citing people close to the situation. Read More AIG CEO and Chairman at odds over failed AIA deal report
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Reuters – The former chief of Fannie Mae, the top U.S. mortgage finance company whose purchase of risky home loans led to a massive government bailout, on Friday apologized for the company’s failings, though he defended the lavish compensation of top executives as necessary.
Read More ExFannie CEO apologizes, blames business model
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Reuters – E*Trade Financial Corp , an online broker beginning to emerge from painful mortgage lending problems, named former Citigroup Inc executive Steven Freiberg as its new CEO and said it plans a reverse stock split. Read More ETrade names new CEO, plans reverse stock split
Reuters
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Reuters – Bank of America Corp Chief Executive Brian Moynihan is making his first trip to China this week as the U.S. lender pushes to catch up with rivals in the world’s fastest-growing economy, the Wall Street Journal reported, citing people familiar with the situation. Read More BofA CEO Moynihan makes first trip to [...]
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