Tyco CFO to Retire at Year End
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Manufacturing conglomerate Tyco  International Ltd. TYC.N on Tuesday said Chief Financial  Officer David FitzPatrick will step down at the end of this  year to pursue private equity or corporate turnaround  opportunities.
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First it was the CEO, and now the CFO has left, too. What should shareholders be thinking?
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Tyco International Ltd.  aims to rely on gaining ground in its core markets, including fire and security systems, and increase core revenue 4 percent to 6 percent annually after it spins off its electronics and health-care business, company officials said on Tuesday.
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McLean technology consulting company BearingPoint Inc. said yesterday that its chief financial officer, Robert S. Falcone, would retire on Nov. 30.
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"Louis Rukeyser's Wall Street" will sign off by year's end.
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ComcastÂs two longtime chief financial officers will retire next year and will be succeeded by an executive from a private equity firm.
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CFO Bob Wayman plans to formally retire in March. Treasurer Cathie Lesjak is slated to fill his shoes.
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SAN FRANCISCO (CBS.MW) -- Fannie Mae&#39;s outgoing Chairman and Chief Executive Franklin Raines is set to retire with a seven-figure pension and millions in stock options, the mortgage giant said in a regulatory filing Monday.
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Tyco International Ltd.  aims to gain ground in its core markets, including fire and security systems, increasing core revenue 4 percent to 6 percent annually after it spins off its electronics and health-care business, company officials said on Tuesday.
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Verizon Communications Inc  said on Monday its Vice Chairman and President Lawrence Babbio has said he would retire at the end of the first quarter next year.
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Jeff Raikes, the president of Microsoft&#39;s Business Division, plans to retire in September, the company said on Thursday.A Microsoft employee since 1981, Raikes oversees a broad stretch of the company&#39;s product line, including its Office, Dynamics, and Exchange software. Microsoft&#39;s Business Division generated about $16 billion in annual revenue last year, or slightly less than a third of the total.&quot;There is no overstating the incredible impact Jeff has had during his amazing career at Microsoft,&quot; CEO Steve Ballmer said in a statement.Raikes will be replaced by Stephen Elop, formerly the COO at Juniper Networks. Elop also did a stint as president of worldwide field operations at Adobe Systems following its acquisition of Macromedia, where he served as president and CEO.Elop will start at Microsoft at the end of this month and take over Raikes&#39; portfolio gradually, starting with the company&#39;s Information Worker, Business Solutions, and Unified Communications businesses.With Raikes set to retire, Bob Muglia, senior vice president of Microsoft&#39;s Server and Tools business, will now report directly to Ballmer, the company said.
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Chad Gifford, one of Boston's most visible business leaders, said yesterday he would retire as chairman of Bank of America Corp. , just one year after selling the region's largest bank to executives in North Carolina.
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L. Kenneth Johnson, president of US operations at CACI International Inc., has announced his retirement from the company. In a statement, Johnson said he is leaving effective Nov. 1 to spend more time with his family and to pursue other interests.
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Hong Myung-bo will retire after finishing this MLS season with the Los Angeles Galaxy.
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WAYZATA, Minn., Feb. 6  â The agribusiness company Cargill said Tuesday that its chief executive, Warren R. Staley, would retire June 1 after reaching 65, the companyâs retirement age for executives.
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Internet security company McAfee Inc. Monday said Stephen Richards, its chief operating officer and chief financial officer, will retire at the end of the year to spend time with his family.
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Film studio DreamWorks SKG, behind the hit animated movie &quot;Shrek 2,&quot; on Thursday said Chief Operating Officer Helene Hahn will retire but remain a consultant for one year.