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Jan 10, 2012

BUSINESS News, Jan 10, 2012

Olympus Sues President, 18 Other Executives Over Fraud
BusinessWeek
Olympus managers involved in the scheme to hide investment losses over more than a decade caused 86 billion yen ($1.1 billion) in damages to the company, according to the findings of an independent panel released today. Former President Michael ...
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Pimco Opens Two Dividend Funds
Bloomberg
Enlarge image Pimco CEO Mohamed El-Erian Pimco CEO Mohamed El-Erian Emile Wamsteker/Bloomberg Pimco Chief Executive Officer Mohamed El-Erian. Play Video Pacific Investment Management Co., the money manager best known for its bond funds, opened two new ...
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Bloomberg
Are we living in a post-CEO world?
Fortune
In its 100 years, the company has built a robust executive managementteam, which has helped it to thrive even after charismatic CEO Lou Gerstner left the business. When Gerstner, who is credited with thecompany's turnaround, departed in 2002, ...
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Fortune
Titan Tire & Titan International Announce Senior Management Promotions
MarketWatch (press release)
QUINCY, Ill., Jan 10, 2012 (BUSINESS WIRE) -- Titan International, Inc. /quotes/zigman/180495/quotes/nls/twi TWI +4.56% announces that William Campbell, who has been Titan Tire President for the past 12 years, will become Chairman of Titan Tire and ...
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SacOil appoints two senior managers
Fin24
Rudi Jansen, group CEO of MWEB, has resigned to pursue new business interests outside the ISP sector. SA's total new vehicle sales increased by 11% to 43 790 units in December, the National Association of Automobile Manufacturers says. ...
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IBM Focuses HR on Change
BusinessWeek
But in a world in which bringing managers in every year for a week of offsite training is so 1960s, how do you make the leadership development process relevant to the global economy? Randy MacDonald: “We observed that 80% of leadership development is ...
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CEO pay: Why top execs just can't lose
Fortune
Again, prospective CEOs can put their fears to rest. The US retail investing public is generally indifferent and does not even monitor the pay votes of mutual fund managers, much less hold them accountable for those made on their behalf. ...
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Yahoo Employees Fear Layoffs as Thompson Brings New Vision
FINS
For the company's technologists, the pick of Thompson, the former chief technology officer and president of PayPal, came "as a relief," said one current product manager. "He's different from the other CEOs we've had in the past. He is a tech guy, ...
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FolioDynamix Continues Innovation in Wealth Management Technology
MarketWatch (press release)
The new release features enhanced business process management workflows, wealth monitoring and management dashboards, and complete integration to the FDx Connect model exchange hub for seamless access to research and third-party moneymanagers. ...
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Lumesse ETWeb V11 Drives Global Adoption of Integrated Talent Management With...
MarketWatch (press release)
"Our customers tell us they are focused on driving maximum benefit and data completeness from integrated talent management by increasing user adoption across their global businesses," said Lumesse CEO Matthew Parker. "We've listened and responded with ...
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Patterson Vegetable CEO: future of company 'in hands of lenders'
Patterson Irrigator
Managers have told employees they were committed to finding another $500000 a year elsewhere in their budget in addition to the $3.1 million in proposed cuts. Schwartz said lenders who aim to help the business maintain an even cash flow had set a ...
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Top Hedge Fund Returning 45% Under Julian Robertson's 36-Year-Old Disciple
Bloomberg
Robertson's Guts “Julian always doubled up,” says Mark Yusko, CEO of Morgan Creek Capital Management LLC in Chapel Hill, North Carolina, which invested in Tiger Management and is an investor in Tiger Global. “When a short was going down, he pressed it, ...
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Bloomberg
SALISBURY NEWS: SU, Chamber co-host annual Economic Forecast
Delmarva Now
Registration for the regional presentation begins at 7:30 am SU Provost and Senior VicePresident of Academic Affairs Diane Allen, Franklin P. Perdue School of BusinessDean Bob Wood and Salisbury Area Chamber of Commerce President Ernie Colburn...
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Aetrium shuffles divisional management
Pioneer Press
The Test Handler Division will be lead by Timothy Foley, who becomes that division's vice president and general manager. Both men are longtime senior managers, thecompany said. The reorganization follows a shakeup at the top. ...
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PHH shares fall as company announces offering, liquidity plan
Bizjournals.com
Pending such use, the company said proceeds may be used to originate mortgage loans or may be invested temporarily in short-term interest-bearing investment funds or similar assets. Last week, PHH said that it replaced President and CEO Jerome Selitto ...
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FolioDynamix Continues Innovation in Wealth Management Technology
EON: Enhanced Online News (press release)
The new release features enhanced business process management workflows, wealth monitoring and management dashboards, and complete integration to the FDx Connect model exchange hub for seamless access to research and third-party moneymanagers. ...
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Reynders, McVeigh Capital Management Issues New Paper, Workforce Rising: Why...
MarketWatch (press release)
BOSTON, Jan 10, 2012 (BUSINESS WIRE) -- Reynders, McVeigh CapitalManagement announced today the release of a new Insight Paper, "Workforce Rising: Why US Manufacturing is Poised for a Comeback." In the paper, Reynders, McVeigh suggests that economics ...
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HomeAway Appoints Bill Furlong to Lead HomeAway Software Business
MarketWatch (press release)
He maintains his existing responsibilities as general manager in addition to his promotion, and will move from Seattle to HomeAway's world headquarters in Austin, Texas for his new role. Prior to HomeAway®, Furlong was the CEO of vacation rental ...
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Saudi Fransi Capital Implements Advent(R) Solutions to Support Growth
MarketWatch (press release)
"We needed better automation capabilities and a decrease in manual intervention in our operations," said Yasir Al-Rumayyan, CEO of Saudi Fransi Capital. "Advent allowed us to improve core functionality while fulfilling business requirements. ...
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ProspX Welcomes Dr. William T. Hold to Board of Directors
MarketWatch (press release)
"Dr. Hold's extensive leadership experience in the complex and competitive business of insurance, makes him the perfect choice for our Board," said Todd Young, presidentand CEO of ProspX. "We are looking forward to working closely with him as we ...
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Heads Up: Start Connecting the Dots Fast
Credit Union Times
By Stuart R. Levine As we begin the new year, most CEOs and C-Suite executives are thinking about how to strengthen the leadership team and management to best execute on strategy. Some leaders may have the “gene” that inspires them to naturally keep ...
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Trade Balances In Emerging Markets Provide Opportunities For Small Businesses ...
The Wall Street Transcript
This Special Report contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. Please find an excerpt below. Gloria S. Nelund, Chairman and Chief Executive Officer of TriLinc Global,...
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The Management Team -- While Building Usage
Huffington Post
The business development person, the marketing person, the admin/finance/HR/legal person, and probably all the sales people are likely reporting to you. Have you ever had ten or twelve reports? It is not fun. A founder/CEO in a management crisis at ...
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North American Potash Developments Inc.: Appointment of New Directors
MarketWatch (press release)
North American Potash Developments President and CEO, Simon Tam, stated "We feel the addition of Ms. Sierra and Mr. Beaulieu to our board will bring tremendous expertise to our operations at this active time for the Company. Ms. Sierra and Mr. Beaulieu ...
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SelectMinds Introduces Referral Communities
MarketWatch (press release)
NEW YORK, Jan 10, 2012 (BUSINESS WIRE) -- SelectMinds, a developer of social recruiting and community management solutions, announced an upgrade to its TalentVine online referral recruiting engine that will help HR managers tap into the social networks ...
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MFs seek break from regulatory changes
Business Standard
One of the latest norms, on a single account statement for customers, is a clear example when fund managers had conflicting interpretations of the circular. In a recent meeting with Sebi, the industry's top CEOsrequested that instead of continuous ...
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Business Standard
Blue Sky Network Earns STC for Sikorsky S-92(R) Helicopters
MarketWatch (press release)
"This certification is proof of the high quality of our asset management equipment," said Jon Gilbert, President and CEO of Blue Sky Network. "We are very proud to provide our customers the added value and assurance of another STC. ...
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Yammer Helps Grocery Chain Unite Brands
InformationWeek
Enterprise social networking is one of the tools Supervalu CEO Craig Herkert is using to boost business for the grocery chain by empowering store managers to take more-independent initiative, while also encouraging them to collaborate with their peers ...
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CEO bonuses motivate them to make bad decisions
Vancouver Sun
The same can't be said for CEOs. (I'm commenting here on hired professionalmanagers, not company founders, which is an entirely different kettle of fish.) CEOs' pay is typically set by boards comprising sitting and former CEOs and senior corporate...
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Envestnet Adds IndexIQ's IQ Global Alternatives ETF Model Portfolio to Liquid ...
MarketWatch (press release)
Sean Mullen, Vice President and Director of Advisory Services at Envestnet, added: "Envestnet understands that advisors face a constantly changing marketplace and evolving investor needs. By expanding our roster of leading investment managers, ...
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More Patient Data Risks, Lawsuits Predicted In 2012
InformationWeek
Christine Marciano, president of Cyber Data Risk Managers LLC, said she foresees healthcare organizations increasingly signing up for cyber security and data breach insurance policies to protect themselves and their patients. ...
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As Kodak Declines, Small Tech Firms Rise in Company's Hometown
CNBC.com (blog)
Markin says he's sad to see what's happening now to a company where he spent much of his career. But Kodak has, in a way, been good for the small business community in Rochester. “Kodak brought seniormanagers in from around the country and around the ...
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CNBC.com (blog)
Richard Arnitz Joins American Realty Capital
GlobeSt.com
A 24-year veteran of the financial services industry, Arnitz has served in several seniormanagement positions throughout his career. As president and CEO of Grubb & Ellis Capital Corp. and Grubb & Ellis Securities for the last four years, ...
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News: Sony Names Dennis Kooker New President, Global Digital ...
By Delan Stone
Most recently, Dennis held the position of executive vice president of operations/generalmanager of global digital business and U.S. sales, in which he led the group's day-to-day operations. Prior to taking the GM position in 2008, Dennis ...
AlLindstrom.com
New IBM CEO Rometty Makes Key Management Changes - IT ...
IT Management and Project Management News ... Rometty became IBM's first female CEO in the company's 100 years in business on Jan. 1, 2012. The new ...
www.eweek.com/.../New-IBM-CEO-Rometty-Makes-Key-Man...
ProJo parent co. restructures management - Providence Business ...
Providence Business News Login | Register ... John C. McKeon, president and general manager of The Dallas Morning News, will leave his position and will not ...
pbn.com/ProJo-parent-co-restructures,63631
IBM Promotes Di Leo, Van Kralingen as CEO Makes First Changes
He was previously general manager of IBM's growth markets unit, ... Van Kralingen, the new senior vice president of IBM Global Business Services, ...
www.bloomberg.com/.../ibm-promotes-di-leo-van-kralingen-a...
RPT-UPDATE 1-Huawei CEO's message presages ... - Business News
Wed Dec 28, 2011 3:27am EST * Plan for rotating CEOs aims to ensure smooth transfer * Secretive Ren reveals two cancer surgeries in letter * Expansion plans ...
businessnewstime.com/rpt-update-1-huawei-ceos-message-pres...
Nexen CEO's exit a long time coming, portfolio manager says ...
The company did not say why. Kevin Reinhart, the company's executive vice-president and chief financial officer, has been appointed as interim president and...
www.canadianbusiness.com/.../65169--nexen-ceo-s-exit-a-lon...
CEO of Israel's Teva Pharm stepping down: Associated Press ...
Teva said he took the company from a business of mainly generics with $8.4 ... an Industrial Info News Alert · Teva's CEO Reviews Management Succession ...
money.msn.com/business-news/article.aspx?feed=AP...
Ticked off by SEBI, UTI Asset Management Company to name ...
Asset Management Company, which runs the country's fifth-largest mutual fund, is planning to appoint an interim CEO.
economictimes.indiatimes.com/.../11417543.cms
Fortress International Reorganizes Board, Appoints Anthony ...
Contribute to Citybizlist, Share Your News ... Peter Woodward, founder and Presidentof MHW Capital Management, joins the Board and will serve as ... " Anthony joins theCompany with over two decades of management and operational ...
baltimore.citybizlist.com/.../Fortress-International-Group-App...
David Smith Joins AXIS Capital as CEO and Country Manager of ...
... announced that it has appointed David Smith as CEO and Country Manager of Australia ... All the news releases provided by Business Wire are copyrighted. ...
finance.yahoo.com/.../David-Smith-Joins-AXIS-bw-42801613...
Arab Banking appoints CEO of ABC International Bank London ...
Commercial Banking News ... Prior to joining ABC, Playle held senior positions inbusiness, risk and general management functions, primarily within the Barclays Group. ... As joint Deputy CEO, Jennings' responsibilities now extend to all of ABCIB's... Ashton has been the general manager of the bank's Paris branch since ...
commercialbanking.banking-business-review.com/.../arab-ban...
Yahoo names PayPal's Scott Thompson as CEO - Nigeria Business ...
Yahoo named PayPal President Scott Thompson as its chief executive on ... a sale of the company,” said Lawrence Haverty, a fund manager with GAMCO investors, ...California-based company, whose services include mail, search, news and ...
businessnews.com.ng/.../yahoo-names-paypals-scott-thompson...
  
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