McGraw-Hill replaces president of Standard & Poor's
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Publisher McGraw-Hill Cos Inc is replacing the president of Standard & Poor's, the company's financial services division, effective immediately, amid questions about the role of credit-rating agencies in the subprime mortgage crisis.
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Paychex Inc., one of the largest US payroll processors, said Monday founder Thomas Golisano has stepped down as president and chief executive and was replaced by Jonathan Judge, effective immediately.
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James E. Cayne, the embattled chief executive of Bear Stearns, will step down after the deepest losses in the firmâs history, according to people who have been briefed on the situation.
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Winn-Dixie Stores Inc. WIN.N is  ousting its Chief Executive Frank Lazaran and replacing him  with Peter Lynch, a former executive at the Albertsons Inc.  ABS.N supermarket chain, the Wall Street Journal reported on  Friday.
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(InfoWorld) - VeriSign, a vendor of cybersecurity products and operator of the .com and .net top-level domains, has replaced CEO Stratton Sclavos with a member of its board of directors. William Roper Jr., a former executive vice president and chief financial officer at Science Applications International, will take over as VeriSign's president and CEO, the company said in a press release. Roper has served on the company's board of directors since November 2003. Roper also worked at Network Solutions, a domain name registrar, from 1995 to 2000. Sclavos, one of VeriSign's first employees, served as the company's president, chairman, and CEO before his resignation. The board also elected Edward Mueller chairman. Mueller, who joined VeriSign's board in March 2005, is the former CEO of Williams-Sonoma, a specialty retailer. The company is in the midst of restructuring, and Roper said in a statement he was pleased with the progress so far. VeriSign also reported that a review of the company's historical stock option grant practices by members of its board of directors is substantially completed. The review did not find intentional wrongdoing by any current member of senior management, including Sclavos, the company said. VeriSign, in November, announced it would have to restate as much as $250 million in earnings between 2001 and 2006 due to administrative mistakes. A VeriSign spokeswoman declined to talk about the reason for Sclavos' departure. "It definitely was not related" to the stock options probe, she said. Sclavos, who has worked at VeriSign for 12 years, said in a statement that he was "proud of my role in building VeriSign into the great company it has become." VeriSign's 2007 analyst day, previously scheduled for June 6 at VeriSign's corporate headquarters in Mountain View, Calif., has been postponed.
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The publisher of the Los Angeles Times, who became a folk hero in media circles for refusing to make budget cutbacks demanded by the parent Tribune Co., was pushed out today and replaced by the chief executive of the Chicago Tribune.
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By Crayton Harrison, The Dallas Morning News  Dec. 13--Dell Inc. has hired former Electronic Data Systems Corp. executive Steve Schuckenbrock to lead its global services business, the computer maker said Tuesday.   Plano-based EDS announced Mr. Schuckenbrock's departure in May.
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Dell Inc.  has named former EDS  executive Steve Schuckenbrock to lead the computer maker's $5 billion a year global services organization, the latest in a string of new management hires.
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The Wall Street Journal, whose parent Dow Jones & Co. is the target of a $5 billion takeover offer by News Corp., is set to shake up its newsroom by reassigning and replacing several top editors, the New York Times reported in its online edition.
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NEW YORK, Nov. 29 /PRNewswire-FirstCall/ -- After 20 years leading BusinessWeek magazine -- a tenure defined by editorial excellence, circulation growth and global expansion -- Stephen B. Shepard, Editor-in-Chief, will retire effective April 1, 2005.
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Thomas J. Fitzpatrick, the chief executive of Sallie Mae, abruptly resigned yesterday in what sources said was part of a campaign by the Reston-based student loan company to improve its tattered image on Capitol Hill.
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The Wall Street Journal, whose parent  Dow Jones & Co. is the target of a $5 billion takeover offer by  News Corp., is set to shake up its newsroom by reassigning and  replacing several top editors, the New York Times reported on  its Web site.
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Microsoft said Friday it had named Craig Eisler to head the Macintosh Business Unit, replacing Roz Ho, who had spent seven years with the division and spearheaded much of the Redmond company's recommitment to the platform.
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Department store retailer Sears Holdings Corp. said Monday Aylwin B. Lewis will step down Feb. 2 as president and chief executive and be succeeded by W. Bruce Johnson, executive vice president of supply chain and operations on an interim basis.
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The president of Harvard Management Co., who came to Boston less than two years ago to take over the world's largest university endowment, will leave the job unexpectedly and return to the investment firm where he formerly worked.
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Bear Stearns Cos. Inc.  on Friday replaced the head of its asset management business after two of the investment bank's hedge funds hit rock bottom by making bad bets on risky mortgages.
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Richard Notebaert said Monday he will leave as chairman and chief executive officer after the board had chosen a replacement.