Chief Plans to Depart Bear Stearns
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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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LONDON -- Northern Rock PLC's chief executive will step down immediately rather than in February as planned, the troubled mortgage lender said Thursday.
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Bear Stearns CEO James Cayne resigns amid the US investment bank's losses in the sub-prime mortgage crisis.
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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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Bear Stearns Cos. Inc.,  which manages a hedge fund that has reportedly suffered big losses, expects little further impact on earnings from the fund, the company's chief financial officer said on a conference call.
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The chief executive of a Bear Stearns hedge fund maintained his golf habit through the weeks when his firm was struggling to keep one of its funds afloat.
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Hewlett-PackardÂs longtime chief financial officer, Robert P. Wayman, will give up the post and his seat on the companyÂs board at the end of the year.
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The head of Cisco's service provider business, who was once seen as a possible successor to the CEO, is leaving the company.
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HSBC Holdings, Europe&#39;s biggest bank by market value, said Monday that David Eldon would retire as chairman of Hongkong and Shanghai Banking Corp.
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Bear's stretch of outperformance is expected to end.
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Bear Stearns Cos. Inc.  on  Friday replaced the head of its asset management business after  two of the investment bank&#39;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.
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Bank president told Treasury Secretary John W. Snow that he will step down after a decade at the helm when his term expires in June.
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Sean Harrigan, a figure in the corporate governance movement, said that he expected to be ousted as president of the board of California's large public pension fund.
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Citigroup Inc., the world&#39;s biggest bank, said Vice Chairman Deryck Maughan will leave the firm, along with investment management head Thomas Jones and Peter Scaturro, who ran the company&#39;s
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The new CEO may want to shed non-strategic parts of the business.
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The retailer's CEO steps down amid a shakeup in operations.