Oakton Resident Gets 40 Months in Prison For Involvement in Fraud Scheme Patch.com Paul Allen, of Oakton, received a 40-month sentence today for his involvement in a $1.5 billion fraud scheme while chief executive officer of Taylor, Bean & Whitaker Mortgage Corp., the Wall Street Journal reported. Allen pleaded guilty in April to … and more
New chief executive Stephen Elop affirms commitment to existing range despite move to Windows-based models
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Nokia moves to convince handset doubters
Aubrey McClendon, chief executive of Chesapeake Energy, has survived a shareholder push for his ouster from the board over his compensation package.
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Chesapeake chief survives shareholder vote
Karl-Friedrich Stracke, chief executive of US carmaker’s European operation quashes reports of sale as ‘pure speculation’
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Opel dismisses rumours of GM sell-off
The chief executive of Chrysler, who had railed against the ‘shyster’ interest rates the US carmaker was paying on its government bail-out loans, has triumphantly repaid them
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Marchionne settles $7.6bn bill early
News Corp chief executive announces plans to target educational technology for digital investment during speech to internet entrepreneurs and European policymakers
MPs highlight concerns over Kraft’s £11.5bn takeover of chocolate maker Cadbury as they again criticise Irene Rosenfeld, the US food maker’s chief executive, for failing to turn up to an inquiry
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MPs attack Kraft’s snub of Cadbury probe
The US bank came perilously close to collapse during the financial crisis, shortly after Vikram Pandit was appointed chief executive, but it has defied expectations and Mr Pandit has landed a $22m package
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Full steam ahead for Citi skipper Pandit
With the failure this week of Bob Greifeld’s audacious bid for NYSE Euronext, the Nasdaq OMX chief executive would relish a second chance to buy the British bourse
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LSE seen as bid target on the rebound
(From The Telegraph)
AT&T’s chief executive expected to defend the proposed purchase of Deutsche Telekom’s T-Mobile USA mobile unit in front of the congressional committee investigating the deal
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AT&T chief to defend merger before Congress
The jury has deliberated for a sixth day in the insider trading case against Raj Rajaratnam, the former Galleon Group hedge fund chief executive, without reaching a verdict
Sprint Nextel’s chief executive, who has emerged as the most vocal opponent of the AT&T/T-Mobile deal, said without Sprint, the US would have lagged behind other countries in the the global mobile industry
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Sprint would be ‘marginalised’ by AT&T deal
Exchange operators report increase in first-quarter income as NYSE chief executive prepares to convince investors to back a plan for a tie-up with the German exchange
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NYSE Euronext keen on Deutsche Börse merger
Time Warner chief executive Jeff Bewkes said the company, which owns assets including Warner Bros and HBO, was doing better than the investment community realised
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Time Warner chief defends company
Walmart’s chief executive Mike Duke was targeted by protesters as he gave his strongest signal yet of the company’s renewed desire to open stores in New York, in spite of stiff political opposition
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New York demonstrators target Walmart chief
Stephen Elop, chief executive, says that while a pact with Microsoft would help sharpen its response to the iPhone, the focus was on rivals that use Google’s operating system
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Nokia points to Android as biggest threat
USA Today Ex-Enron CEO Skilling loses key appeal battle MarketWatch … panel at the Fifth Circuit Court of Appeals ruled Wednesday that former Enron chief executive Jeffrey Skilling's fraud and conspiracy conviction was not swayed by federal prosecutors' use of “honest services”, the Wall Street Journal reported. … Former Enron CEO Skilling Denied Appeal FOX 9 News all 253 news articles
Jim Mulva, the US oil company’s chief executive, says he would expand planned capital spending of $13.5bn this year for the right opportunities, even as he continues selling assets
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Conoco eyes deepwater even as it streamlines
Goldman Sachs doubled Lloyd Blankfein’s annual bonus for 2010, awarding the chief executive $18m in cash and stock for steering the bank through one of the most tumultuous years in its history
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Goldman doubled CEO bonus for 2010
AIG has appointed Peter Hancock to run Chartis, its largest business, strengthening the Wall Street veteran’s case to succeed the group’s chief executive
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AIG taps Wall Street pro to run Chartis
Warren Buffett’s succession planning is slightly more advanced than it may appear. He intends to split his role, with a chief executive to run operating businesses and a few investment officers
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Exit raises stakes on Buffett succession
Lloyd Blankfein, chief executive of Goldman Sachs, testifies about the bank’s confidentiality policies in the insider trading trial of Raj Rajaratnam, founder of Galleon Group
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Blankfein reviews crisis on the stand
Lloyd Blankfein, chairman and chief executive of Goldman Sachs, testified that former bank director Rajat Gupta had violated Goldman confidentiality policies
Goldman Sachs said H Lee Scott, the former Walmart chief executive, would leave the bank’s board after only one year of service
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Scott to leave Goldman board after just a year
The US industrial group expects to pay a “substantially” higher tax charge this year which Jeff Immelt, chief executive, said would help create “a more valuable GE”, with higher-quality earnings
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GE chief bullish despite rise in tax bill
IBM is years ahead of rival Hewlett-Packard in building the integrated software and services business needed in a modern IT company, according to one of the top lieutenants to Sam Palmisano, IBM chief executive
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IBM lays down challenge to rival
(From PCMag) Business social networking site LinkedIn launched a number of new products for its users on Thursday, including a customized news aggregation site. In total, LinkedIn launched the LinkedIn Today news site, LinkedIn Skills, LinkedIn Maps, and updated its LinkedIn iOS app with the new news focus. The company also said that its LinkedIn Signal product would be opened up to all users. According to Jeff Weiner, LinkedIn’s chief executive, the site’s historical mission has been about connecting users and new jobs, as they move down their career path. Now, he said, the site’s purpose is to “connect talent and opportunity on a massive scale”. LinkedIn counts 90 million members, all of which can be connected at either a primary, secondary, or tertiary level of interaction. Weiner said that LinkedIn has three objectives: to be the professional profile of record, to ensure that users are connected to essential sources of professional insights, and to work wherever members work – reference to the company’s mobile apps. Read more.
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LinkedIn Adds Social-Driven News, Skills, ‘Maps’ Pages
The German telecoms group’s chief executive is keen to secure his legacy by sorting out its company’s underperforming US mobile phone business his priority for 2011
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D Telekom looks at Sprint as a running mate
Alan Mulally, chief executive, and Bill Ford, chairman, between them pocket shares worth almost $100m as they benefit from the Detroit carmaker’s dramatic turnround
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Ford chiefs reap $98m in shares
Reuters Blogs (blog) Raj Rajaratnam: Wall Street's biggest insider trading trial in a generation: a Q&A Telegraph.co.uk It's the biggest of its kind that Wall Street has seen in a generation. Here's what it's about. Raj Rajaratnam, who stands trial for insider trading (left), and Lloyd Blankfein, chief executive of Goldman Sachs, who has been called as a witness. … DealBook: For Hedge Fund Baron, Trial Poses a Steep Risk New York Times The hedge-fund scandal rocking Wall Street Independent Goldman chief to testify Calcutta Telegraph Reuters
Reuters Jamie Dimon's pay reign may not last long Reuters Blogs (blog) Jamie Dimon now occupies one of the most dubious spots in banking: he's the highest-paid chief executive on Wall Street . It would have been the case anyway had JPMorgan's board simply matched his bonus from last year. … Jamie Dimon's Big Fat Greek Bonus Here Is The City all 191 news articles
Joe Ratterman, chief executive, doubts synergy benefits of the larger exchange deals
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BATS enters big league with Chi-X merger
Jack Griffin has lost his job as chairman and chief executive of Time Inc after less than five months at the Time Warner-owned publisher
Jamie Dimon, JPMorgan Chase’s chairman and chief executive, will receive a cash bonus for the first time in three years, in addition to about $17m-worth of stock
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Dimon to get first cash bonus in three years
London Stock Exchange is in advanced merger talks with Canada’s TMX Group in the first big strategic act by Xavier Rolet, chief executive, to secure the future of the UK bourse
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LSE in merger talks with Canada’s TMX
Goldman Sachs awarded its chief executive, Lloyd Blankfein, $12.6m in restricted stock and more than trebled his annual salary, in a sign the public backlash against the bank’s pay practices may have waned
A prominent Airgas shareholder has said that Peter McCausland, chief executive, may have had a conflict of interest in considering hostile takeover offers from rival Air Products
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Airgas shareholder objects to lack of disclosure
Greg Brown, Motorola Solutions chief executive, said the US electronics company still hopes to complete the $1.2bn sale of its mobile networks business to Nokia Siemens Networks in the current quarter
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Motorola hopes to go ahead with NSN deal
In a few weeks’ time the bank’s chief executive will set out his own stall with a plan designed to rebalance the group’s businesses and map out a clearer path toward boosting returns
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Diamond needs to clarify strategy at Barclays
Hewlett-Packard added five new directors to its board, giving majority control of the world’s top-selling technology company to people who weren’t involved in the controversial August ouster of chief executive Mark Hurd.
Google chief executive, Eric Schmidt, plans to spend more of his days trying, hopelessly, to make a dent in his fortune.
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Google
General Electric expects “solid double-digit” sales growth in China this year and “for a long period of time”, although revenues there have fallen short of expectations, chief executive Jeff Immelt has said.
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GE expects double-digit growth in China
Hewlett-Packard board members who took office after the departure of Mark Hurd, chief executive, will oversee a new investigation of the circumstances that led to his exit
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HP to reopen Hurd investigation
Bearish bets on computer maker’s stock price raised questions over whether news of chief executive’s medical leave was leaked
Negative outcome from New York state regulators would increase the pressure on chief executive Steve Holliday to offload US operations
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National Grid awaits ruling on charges
As Steve Jobs, Apple’s chief executive, takes another medical leave of absence, the FT looks at key moments for him and the company over the last 40 years
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Timeline: Steve Jobs
Steve Jobs, Apple’s chief executive, has been granted medical leave of absence but will continue as chief executive and remain involved in major strategic decisions
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Apple grants Jobs medical leave
Morgan Stanley’s chief executive James Gorman has shuffled his management team for the third time this month
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Morgan Stanley chief reshuffles top managers
SAN FRANCISCO, Dec. 8, 2010 /PRNewswire via COMTEX/ — Dreamforce 2010 — Blackboard Inc. (Nasdaq: BBBB), a global leader in education technology, today announced plans for an improved learning management solution for corporations and other learning focused organizations that will emphasize training for sales teams. The announcement will be made today at Dreamforce 2010, the cloud computing event of the year. To support the improved solution, Blackboard will develop a new application on Force.com, salesforce.com’s enterprise cloud computing platform that will add a range of administrative capabilities to its flagship learning platform, Blackboard Learn(TM). Already noted for its flexibility, ease of use and low cost of ownership, Blackboard Learn will gain stronger certification, reporting and tracking abilities commonly associated with more complex and costly corporate learning management systems. As a result, customers will be able to more closely align employee learning and development programs with key corporate initiatives and priorities and ensure that they have a larger, more measureable impact on employee behavior, business goals and company performance. “This new application combines the strengths of leaders in education and cloud computing to provide an improved solution for corporate learning and training that better supports business goals,” said Michael Chasen, president and chief executive officer at Blackboard. “Force.com provides the fastest way to bring Blackboard’s leading learning and training platform to the cloud. Now Blackboard’s customers will be armed with the tools and capabilities of the next generation of cloud-based learning and training,” said Kendall Collins, chief marketing officer, salesforce.com. Blackboard Learn is currently used by thousands of institutions worldwide including hundreds of corporations of all sizes, government agencies, nonprofits and associations. The platform includes a range of powerful capabilities, social learning tools and web 2.0 innovations to more effectively engage and develop learners, and can be enabled for use on mobile devices with a range of native applications for smartphones and other devices including the Apple(R) iPad(TM). “Blackboard offers a flexible option for corporate learning that is highly focused on ease of use and learner engagement,” said Josh Bersin, president and chief executive officer, Bersin & Associates. “Combining the strengths of Blackboard and salesforce.com will give sales and service teams an easy to use learning platform designed for both formal and informal learning.Training is one of the largest segments of corporate learning and this solution will greatly expand the availability of training offerings for small and mid-sized businesses.” “With deep roots in education, our understanding of how knowledge is acquired and shared in support of business goals has helped us grow quickly in corporate and professional learning in the last few years,” said Tim Hill, president of Blackboard’s Professional Education group. “Working with salesforce.com, we can quickly bring a more robust offering to a wider range of organizations, departments and teams that seek a more flexible solution.” Chasen will join salesforce.com CEO Marc Benioff on stage today at Dreamforce 2010. The keynote will be available online at www.salesforce.com/live beginning at approximately 9 a.m. Pacific time. For more information about Blackboard’s work to support corporate learning, please visit http://blackboard.com/Solutions-by-Market/Corporate.aspx .
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Blackboard Offers Improved Solution for Corporate Learning on Force.com