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Mar 27, 2012

BUSINESS News, Mar 27, 2012

CP CEO defends his embattled railway's managers
CTV.ca
Fred Green said the future of his company (TSX:CP) would be put in jeopardy if New York hedge fund Pershing Square CapitalManagement succeeds in replacing him with Harrison, who retired from Montreal-based Canadian National Railway Co.
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CTV.ca
Facebook's Management Secrets
San Francisco Chronicle
Facebook will attack these challenges the way already has been for years now, as its developed into a $100 billion company. Here are some of thosemanagement secrets, first reported as details in Fortune's writers Miguel Helf and Jessi Hempel in their ...
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Canadian Pacific CEO Fred Green defends embattled railway's threatened managers
Winnipeg Free Press
"The management team is right on top of this railroad," Cleghorn told The Canadian Press. He said CP and Pershing Square are working toward the same end, "and that is redefining ourselves, changing the company to a better performer.
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United Retail Group to be Acquired by Versa Capital Management
MarketWatch (press release)
Robertson will be leaving United Retail Group to join another apparel company. Versa has named Elizabeth Williams, a former member of Charming Shoppes' leadership team and president of its Fashion Bug brand, to serve as CEO of the new company following ...
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Exclusive: Singapore's Temasek: evolution not revolution
Reuters
Greg Curl, once seen as CEO material at Bank of America (BAC.N) joined Temasek in 2010, and former UBS (UBSN.VX) chief financial officer John Cryan came on board earlier this year. Several Temasek veterans from seniormanagement roles have exited, ...
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Ex-Morgan Stanley CEO John Mack to join KKR
CNN
With Mack on board, KKR could look to make a bigger push into financial services and consider buying up troubled banks and asset managers both domestically and abroad. KKR currently holds a stake in the asset managerLegg Mason (LM), as well as Chinese ...
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Principal Management Group of Houston Employees Earn PCAM Designation
MarketWatch (press release)
HOUSTON, Mar 27, 2012 (BUSINESS WIRE) -- Principal Management Group of Houston (PMG Houston), an Associa company, proudly announces that Sandy Milner and Surina Wright recently earned the Professional Community Association Manager (PCAM) designation ...
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Main Street Capital CEO Vincent D. Foster Participates in U.S. Senate ...
MarketWatch (press release)
Chair Senator Landrieu led the committee in a roundtable with federal officials, SBIC fund managers and business owners to discuss these increases and potential additional modifications to the SBIC program. A link to a webcast of Mr. Foster's ...
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Common Interest Acquires Pelican Management of San Mateo, CA
MarketWatch (press release)
DANVILLE, Calif., March 27, 2012 /PRNewswire via COMTEX/ -- Common Interest Management Services (CIMS) announces its acquisition of PelicanManagement, a long-standing and well-regarded community management company in San Mateo, CA.
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Switzerland's Finma Sees No 'Tragedy' in Offshore Wealth Decline
BusinessWeek
By Giles Broom on March 27, 2012 Wealth managers in Switzerland face “great challenges” that may topple the country as the world's biggest offshore center, the Swiss financial supervisory authority said. Regulatory and tax changes threaten ...
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Ex-O'Charley's CEO to head Memphis-based Perkins
Memphis Commercial Appeal
Warne will succeed CEO Joseph “Jay” Trungale who has led the companysince 2004. Warne will also serve on the company's board of managers. The move is intended to take “the Perkins and Marie Callender's brands to a higher level of performance,” the ...
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Special Report: The Sony Schism
Reuters
When Hirai becomes Sony's president and CEO on April 1, he takes charge of a company facing a crisis unlike anything it has experienced in its nearly 70-year history. It's been years since Sony has produced a new mega-hit device. Its TV business is an ...
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Host Analytics Introduces Industry's First Cloud Business Intelligence and ...
MarketWatch (press release)
REDWOOD CITY, CA, Mar 27, 2012 (MARKETWIRE via COMTEX) -- Host Analytics, the leader in cloud-based corporate performance management(CPM) solutions, today launched Host Analytics Business Analytics, a newbusiness intelligence (BI) tool for finance.
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Viralheat Launches 2.0 Platform for Social Media Management
MarketWatch (press release)
SAN MATEO, CA, Mar 27, 2012 (MARKETWIRE via COMTEX) -- Viralheat, a premier social media management company, announced today the launch of Viralheat 2.0, the company's significant update to its robust platform for understanding and analyzing social ...
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500000 square foot Advanced Lighting Control Installation from Enlighted, Inc ...
MarketWatch (press release)
The Menlo Business Park project serves as an example of how collaboration among stakeholders and the use innovative services can deliver highly successful Integrated Demand Side Management technology. The combined project of HVAC demand response ...
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'Middle Management Concrete' Needs Tackling to Ensure BusinessTurnaround ...
RushPRnews.com (press release)
Not every CEO will take on the daunting task of transforming a failing business; however, tackling the 'middle managementconcrete' is something daring business leaders should address, says Richard Close, leading business CEO.
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RushPRnews.com (press release)
Rothstein Kass Expands Consulting Practice
San Francisco Chronicle (press release)
As members of the Rothstein Kass Business Advisory Services Group, the HC team will continue to focus on strategic business planning for sophisticated clients, including due diligence services, treasury management, counterparty credit / risk management ...
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Networkfleet's Flexible 365-Day Reporting Broadens Insights to Improve Fleet ...
MarketWatch (press release)
SAN DIEGO, Mar 27, 2012 (BUSINESS WIRE) -- Networkfleet, a leader in wireless fleet management, today announced flexible 365-day reporting that provides expanded insights for improving vehicle, driver and fleetmanagement. With access to a full year's ...
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GET UPDATES FROM Robert J. Kriegel, Ph.D.
Huffington Post
When I taught at Stanford's Executive Management Program we found that people got their best ideas when they were driving, napping, exercising and taking a shower. Many leaders talked about taking timeout of each day for thinking.
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Walgreen's fiscal 2nd quarter profit slides nearly 8 pct but performance tops ...
Washington Post
The nation's largest drugstore chain said its split with Express Scripts, a St. Louis-based pharmacy benefits manager, hurt results by about 7 cents per share in the quarter that ended Feb. 29. A mild cold and flu season also affected earnings by about ...
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The CEO Corner: Taylor Young's post-RDR strategy
Citywire.co.uk
Speaking in the wake of the Financial Services Compensation Scheme's £60 million interim levy, former Wealth Manager cover star Thomson said: 'There is a blank cheque syndrome from a regulatory aspect and the cost of doingbusiness is rising.
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Betting on Capital One could be a capital idea: Money managers
InvestmentNews
Capital One declined to make the CEO available to comment for this story. For now, the company still relies on credit cards, whose “What's in your wallet?” slogan has been ingrained on consumers through television ads and mailings.
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Bridging Board Gaps – Study Group on Corporate Boards
Sustainable Business Forum
As part of a “tone at the top,” boards must practice appropriate rules of engagement between management and the board – engagement that serves the long-term interests of the company and its shareholders. When evaluating the CEO, ask: Does this person ...
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ServiceMax Announces New Mobile and Social Capabilities With Release of Spring '12
MarketWatch (press release)
The latest release introduces three new ServiceMax product offerings that extend the social and mobile capabilities of ServiceMax: ServiceMax Mobile, ServicePulse and ServiceMax Orange for small and midsized businesses. "Our end-users impact their ...
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Up, up and away
Tehelka
Our calculations also revealed that the average CEO's salary is at least 2.6 times more than that of the rest of the senior managersor business heads in terms of CTC, excluding long-term incentives (LTIs). What can we attribute this exponential rise ...
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Tehelka
AIJ's Asakawa Says He Falsified Fund Performance Reports
San Francisco Chronicle
(Updates with comments from Mizuho Trust CEO in last two paragraphs.) March 27 (Bloomberg) -- AIJ Investment Advisors Co. President Kazuhiko Asakawa said he ordered the falsification of fund performance reports in the hope the Japanese asset manager ...
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Elance Surpasses $500 Million of Online Work
MarketWatch (press release)
"We built our company 100% on Elance," said Ignacio Galarraga, CEO of The NetMen Corp, a company that offers comprehensive graphic design services. "We started from scratch and now have 7000 customers and a team of projectmanagers and designers across ...
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Rothstein Kass Adds HC Associates Team
FINalternatives
New Jersey-based financial services group Rothstein Kass has added the HC Associates team to its business advisory services group. Edward R. Tedeschi, HC founder and CEO, and Carl J. Versella, president and CEO, have joined Rothstein Kass as principals ...
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UniCredit sees good start to 2012-CEO
Reuters
Ghizzoni did not rule out paying back ahead of time 26 billion euros of cheap three-year loans the bank took from the European Central Bank. He said the bank will cut 2011 bonuses for its top 120 managers by 60 percent, and the top eight executives, ...
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PRODUCTIVITY SPECTATOR: Bad managers exposed
Business Spectator
If you have a useless manager who loves blowing smoke up the corporate ladder, while breathing fire on those below, now is the time to start plotting your revenge. If you are a CEO, you will finally be able to find which of yourmanagers have been ...
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Main Street Capital CEO Vincent D. Foster Participates in U.S. Senate ...
SYS-CON Media (press release)
Chair Senator Landrieu led the committee in a roundtable with federal officials, SBIC fund managers and business owners to discuss these increases and potential additional modifications to the SBIC program. A link to a webcast of Mr. Foster's ...
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Lululemon CEO: How to build trust inside your company - Fortune ...
In 2008, CEO Christine Day joined the company after 20 years at Starbucks ( SBUX); she ... We provide managers with $300 to repaint their stores (any color they ... I flew to D.C. the day the news broke and tried to provide support, including ...
management.fortune.cnn.com/2012/.../lululemon-christine-da...
CP CEO defends his embattled railway's managers
Fred Green said the future of his company (TSX:CP) would be put in jeopardy if New York hedge fund Pershing Square Capital Management succeeds in replacing ...
www.ctv.ca/.../canadian-pacific-ceo-defends-business-at-invest...
Rave company CEO Pasquale Rotella to surrender in Coliseum case
Rave company CEO Pasquale Rotella to surrender in Coliseum case ... Two former Coliseum managers and an executive of another rave company were... L.A. Now is the Los Angeles Times' breaking news section for Southern California.
latimesblogs.latimes.com/.../insomniacs-pasquale-rotella-to-sur...
AMD's new CEO likes basketball and the chip maker's future
Of the semiconductor maker's top eight executives directly under the CEO, ...Read recently brought 500 of the company's top managers to a forum in Dallas ...
www.computerworld.com/.../AMD_s_new_CEO_likes_basket...
Wound Management Technologies Names Robert Lutz, Jr. CEO ...
Contribute to Citybizlist, Share Your News ... In conjunction with Mr. Lutz joining Wound Management, the Company has reacquired the North American ...
dallas.citybizlist.com/.../Wound-Management-Technologies-N...
Yahoo CEO to battle fund managers for company control
Yahoo CEO to battle hedge fund for control Less than three months into the job as ... Technology news; Yahoo CEO to battle fund managers for companycontrol ...
businesstech.co.za/.../1499-Yahoo-CEO-to-battle-fund-manag...
Deutsche Bank Management Shakeup Has Jain, Fitschen Stamp ...
News From Bloomberg ... Deutsche Bank Incoming Co-CEO Juergen Fitschen. ... reorganized the company's management as they began to put their mark on ...
www.businessweek.com/.../deutsche-bank-management-shake...
keep IPO simple - Long Island Business News
Partners Group CEO to Carlyle: keep IPO simple ... a publicly listed private equity manager with $32.6 billion in assets, said the .... Long Island Business News.
libn.com/2012/.../partners-group-ceo-to-carlyle-keep-ipo-simp...
Dongbu Hitek drafts in CEO and foundry manager
Dongbu Hitek drafts in CEO and foundry manager. ... Electronics IndustryNews ... has been named president in charge of Dongbu HiTek's foundrybusiness.
www.eetimes.com/.../Dongbu-Hitek-CEO-and-foundry-manag...
Canadian Pacific CEO Fred Green defends ... - Canadian Business
TORONTO - The CEO of Canadian Pacific Railway Ltd. took direct aim Tuesday at Hunter Harrison, his erstwhile ... News & Analysis CanadianBusiness ...
www.canadianbusiness.com/.../77019--canadian-pacific-ceo-fr...
New CEO of Alstom Germany Management Board >> Offshore Wind
This includes news and updates on wind farms, markets, projects, vessels, ...Alf Henryk Wulf will join Alstom as CEO of the Alstom Germany ManagementBoard. ... joining our company and taking over the management of Alstom in Germany.
www.offshorewind.biz/.../new-ceo-of-alstom-germany-manag...
CEO pay is still robust at big asset managers - Financial News
In addition, company- pecific issues can affect compensation. Chief executive compensation at another large asset manager, Janus Capital, fell after the ...
www.efinancialnews.com/story/.../ceo-pay-big-asset-managers
Broadspire® CEO Kenneth F. Martino Resigns for New Leadership ...
Broadspire® CEO Kenneth F. Martino Resigns for New Leadership Role; Medical ... Martino as CEO and becomes a member of Crawford's Global Executive Management team, ... increased client satisfaction and retention and captured new business. ... New service offerings created during her tenure include: the BOLD® ...
money.msn.com/business-news/article.aspx?date...feed...
News Over Wireless Gets News Name, CEO | TVNewsCheck.com
News Over Wireless Gets News Name, CEO ... Sam Matheny, who led thecompany as general manager for the past seven years, will become VP of policy and ...
www.tvnewscheck.com/.../news-over-wireless-gets-news-name...
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