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Nov 29, 2011

BUSINESS News, Nov 29, 2011


CEO Tim Granger, other top officers, managers at Compton Petroleum resign
Winnipeg Free Press
Meanwhile, Theresa Kosek, vice-president, finance and chief financial officer, is retiring, thecompany announced. "We are very grateful to Tim and the management team for their leadership through the significant changes the corporation has undergone ...
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Be a Jerk: The Worst Business Lesson from the Steve Jobs Biography
The Atlantic
The next batch of business books: The 7 Habits of Highly Effective Assholes, The One-Minute Asshole, and Who's The Asshole Who Moved My Cheese? But such subtleties may be lost on CEOs, middle managers and wannabe masters of the universe who are...
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The Atlantic
Intesa Management Board Said to Review Cucchiani Appointment as New CEO
Bloomberg
The risk of a departure of the two internal candidates and other managers may lead to a “power vacuum at the top” and “destabilize the company in the short run,” they said. Intesa, the only Italian lender among the top five that doesn't need additional ...
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Ex-Liontrust CEO looks to challenge fund fee model
London South East
g an asset management business model that will waive fees if its funds fail to beat benchmarks, as cost-conscious clients start to balk at hefty fund charges. Legge, who ran Liontrust before stepping down last year after the firm lost most of its ...
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Does this mean Reed Hastings won't be Microsoft's CEO?
CNET
So, managers made a bad deal and to be fair, there's no way they could have foreseen the recent troubles and the effects on the business. On the other hand, leaders should have known the price of content would go up and expenses from overseas expansion ...
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CNET
From a Spartan start, scrappy firm sprouts a family tree
Richmond Times Dispatch
Ashley Witherow, production manager at Dominion Payroll Services, works in the office in Richmond as company co-founder and CEO David Gallagher looks on. Credit: EVA RUSSO/TIMES-DISPATCH Education: Graduate of what now is Benedictine College ...
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BPI unveils first mobile banking platform for businesses
Malaya
"BPI ExpressLink Mobile is the country's first mobile cash management facility designed forbusiness users," says Bess J. Basa, BPI Vice President and Cash Management Head. "This technology allows our customers to monitor their deposit account balances ...
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Hermes Fund Managers CEO steps down
Pensions & Investments
By Thao Hua Rupert Clarke, CEO of Hermes Fund Managers, is leaving the company, according to Saker Nusseibeh, head of investment, who is replacing Mr. Clarke on an interim basis. Hermes, which had £20.9 billion ($32.4 billion) in assets under ...
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Corzine Pushed Europe Bet to $11.5 Billion as Board Balked
BusinessWeek
“This was a board that could not possibly have been more expert in exposure to risk, a board with at least as much, if not more, expertise than the CEO,” said Jeffrey Sonnenfeld, senior associate dean at the Yale University School of Management in New ...
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Business viewpoint: CEOs should look into high turnover rates
Tulsa World
Your benefit plan manager is seeing an overall increase in depression and/or anxiety medication costs. Nervous breakdowns are a weekly occurrence in a particular department or division. (You may think I'm kidding here. I'm not.) Don't allow your CEO ...
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People and businesses on the move in Escambia and Santa Rosa counties.- 11:00 pm
Pensacola News Journal
In 2004, Wenrick accepted an account manager position with a major insurance broker, where she managed more than 100 clients. Justin A. Beck, president of Beck Property Company, LLC, has earned the certified property manager designation from the ...
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Aviator Teaches Companies to Fly High and Fast
MarketWatch (press release)
PETALUMA, Calif., Nov 28, 2011 (BUSINESS WIRE) -- Prolific business leader and five-time successful entrepreneur Peter Howley has advised and acted as interim CEO for more than thirty companies in the past twenty years. His particular talent for ...
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Two Wall Street Titans, and a Seven-Year Tiff
New York Times
Mr. Ackman now leads Pershing Square Capital Management. His long court fight with Mr. Icahn involved a relatively small 2004 deal. In one corner is Carl C. Icahn, the corporate raider who madeCEO's tremble back in the 1980s and, at 75, ...
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Interstate Hotels regains its footing: Is an IPO in the future?
Washington Post
1, he will inherit a company that has fought its way back from the brink of collapse to regain its position as a hospitality powerhouse. The firm, one of the nation's largest independent hotelmanagers, has made six major acquisitions in the past 11 ...
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Colonial First boss to replace Dexus chief
The Australian
MANAGEMENT: Victor Hoog Antink is to retire from Dexus Property Group after eight years at the helm, during which he transformed three small trusts into one of Australia's largest diversified listed trusts. "I am leaving the company in a fabulous ...
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Gross Dominance in Jeopardy as Indexing Revolution Engulfs Bonds
BusinessWeek
Assets in exchange-traded funds that track bond markets more than quadrupled since the beginning of 2008 to $168.3 billion, data from the Investment Company Institute show. Investors are paying closer attention to the value added by active managers as ...
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Pri-Med sold; John Mooney returns as CEO
Medical Marketing and Media
Pri-Med founder John Mooney and his former management team have returned to the firm, which is under new ownership following M|C Holding's sale of Pri-Med's US assets to Canadian event and media producer Diversified Business Communications. ...
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Report: CEO Pincus' hard-driving Zynga culture tough on employees
TechFlash
In a inside look at the company famous for its FarmVille and CityVille online games, The New York Times says that under Pincus, Zynga workers are putting in long hours under heavy scrutiny.Managers “relentlessly track progress,” and those who can't ...
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Six Things to Do Now for Your 2012 Job Search
Huffington Post (blog)
I was brought in to organize the front office and coordinate customer-service issues between our sales team and the Finance/Client Support groups, and to support the company's CEO with his travel, appointments and project management. ...
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Ipsos chooses country managers for combined business
Research Magazine
Ipsos's Jeff Cail and Gary Bennewies will manage the US and Canadian businesses, with Odmar Almeida as country manager for Brazil. Synovate's North American CEO Scott Miller will leave his current role in early 2012. In Asia, Ipsos's Shunichi Uchida ...
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How Paulson Gave Hedge Funds Advance Word of Fannie Mae Rescue
BusinessWeek
Around the conference room table were a dozen or so hedge- fund managers and other Wall Street executives -- at least five of them alumni of Goldman Sachs Group Inc., of which Paulson was chief executive officer and chairman from 1999 to 2006. ...
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The fight for control of Canadian Pacific Railway
CTV.ca
Teck CEO Don Lindsay credits Mr. Green for repairing the relationship by committing last year to invest in increased train and track capacity and loading innovations that have enabled the miningcompany to speed up and increase the size of its coals ...
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Faster, cheaper, better
The News Journal
Using the wealth of recorded data, warehouse managers can see which pallets of inventory move most frequently. That inventory can then be stored in easily accessible areas. Less frequently-moved material can be tucked in the back. The company's systems ...
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The Dumbest Idea In The World: Maximizing Shareholder Value
Forbes
CEOs and their top managers have massive incentives to focus most of their attentions on the expectations market, rather than the real job of running the companyproducing real products and services. The “real market,” Martin explains, is the world in...
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Forbes
Alfa Laval's Capital Markets Day -- Summary of the Business Updates
MarketWatch (press release)
LUND, Sweden, Nov 22, 2011 (BUSINESS WIRE) -- Alfa Laval's Capital Markets Day, held today in Copenhagen, Denmark, started with a presentation by Lars Renstrom, President and CEO of the Alfa Laval Group (sto:ALFA). He announced a new organization, ...
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Why The PayPal "Mafia" Was So Great: Yammer CEO David Sacks Explains
Business Insider
Also, the company never believed conventional wisdom about what it could not do, and it failed a lot, fast. Some of the lessons learned, like to stick with visionary founders over "professional" managers, and to use platforms from bigger companies to ...
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Business Insider
Welcome to the new workplace
Vancouver Sun
Having the CEO behind the effort "gave the initiative credibility with employees and managers," she said. . Managers will undergo more training. Managers who successfully supervise teams in the future will move from control-ling to enabling, ...
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European debt crisis taking down private equity managers
Pensions & Investments
By Drew Carter The European debt crisis is exacerbating pressures on private equitymanagers doing business there, providing another challenge to their ability to sustain their businesses and keep talent. “The market has expected a substantial number ...
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Pensions & Investments
A Place for Mom Gets New CEO, Plans to Enter New Markets
Senior Housing News
Groups like the National Association of Professional Professional Geriatric Care Managers say thebusiness model of referring customers only to those facilities it has contracts with is unethical. According to APFM, it's the largest senior living ...
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New Sasol CEO's pay - Theo Botha (shareholder activist); and Hyprop placement ...
Moneyweb.co.za
They were extremely uncomfortable about this issue and, if I was a new CEO coming into thecompany, being a foreigner coming into South Africa, I would never put myself in thatposition, especially coming from America. So many articles have been written ...
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CEOs: Burning bright or burning out?
CNN
Most CEOs are at the mercy of their diaries, their businesses, the press and their shareholders. With the western economies entering a long, hard winter, and the rising competitiveness of easternbusinesses, CEOs in western countries face some of the ...
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BNY Mellon Asset Management to change name of its US equities product offering
Banking Business Review
BNY Mellon Asset Management International CEO Alan Mearns being able to offer an alternate Investment Adviser from their high quality stable of asset management companies with a skill set that matched those of Newton was the most important priority for ...
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Emerging hedge fund managers gaining attention despite data
Pensions & Investments
Seed investor IMQ Investment Management's business model relies on catching new companies launched by very experienced investment teams even earlier: The firm is involved right from the start as the first investor in the new hedge fund. ...
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Pensions & Investments
Concordis Group, Inc. Completes Acquisition of Advance Underwriting Managers, LLC
MarketWatch (press release)
Trent S. Sommerville, Chairman and CEO of Concordis Group, Inc. stated, "We are pleased to announce we have completed the acquisition of Advance Underwriting Managers, LLC, which broadens the services we offer and creates additional long-term value for ...
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Aurigo Announces the Launch of Projectworks
MarketWatch (press release)
With release of the new online solution, Balaji Sreenivasan, Founder & CEO of Aurigo Software Technologies, said, "Project managers today want a solution that can be quickly implemented and is easy to use for the entire project team. ...
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For Laurel Mall's small businesses, Black Friday fizzles
Gazette.Net: Maryland Community News Online
It brings retailers the business they need to establish positive earnings for the year, moving into “the black.” Managers of the small retail stores in the mall said Friday that they think the news of the upcoming demolition kept shoppers away. ...
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Bergstrom's Jack Shaffer Re-Elected HDMA Chairman
Truckinginfo
More > American Trucking Associations has reached an agreement on a new three-year contract with association President and CEO Bill Graves.... More > Company drivers and owner operators may nominate their trucking companies as one of the Truckload ...
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Cummins to Expand Test Center in North Carolina
Truckinginfo
More > Growth potential in Volvo Group's existing business, combined with higher cost efficiency, give the company the potential to increase its operating margin by at least 3 percentage points, according to President and CEO Olof Persson. ...
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Eaton Vance's CEO Discusses FQ4 and Full Year 2011 Results - Earnings Call ...
Seeking Alpha
While rollercoaster rides can be entertaining at the amusement park, in the financial markets they present difficulties for asset managers like Ethan Vance. Those of you who have heard our presentation at the Bank of America Merrill Lynch Financial ...
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Grandeur Peak Analysts Choose Company Visits Over Thanksgiving
San Francisco Chronicle (press release)
Commented Robert Gardiner, CEO and portfolio manager, "We believe the discipline of our process and the commitment of our team sets us apart. There are great undiscovered companies in all parts of the world, but you have to be willing to get off the ...
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FDB holds stakeholders meeting on Food Safety Situational ...
By ekow
Management Tips. “Work happily together. Don't try to act big. Don't try to get into the good graces of important people, but enjoy the company of ordinary folks. And don't think you know it all. Never pay back evil for evil. Do things in such a way that ... In a speech read for him, the Chief Executive Officer of the FDB, Dr. Stephen K. Opuni, Deputy Chief Executive (CEO) in charge of Food, Mr. John Odame Darkwa said the Board as a matter of urgency was coordinating with the appropriate ...
Ghana Business News
Zip Manager and CEO things easy news | Enrolsolution - Your ...
author of the article Carlenemiyashiro Browser, easy news is something you can easily use. This is the reason can be found ... Enrolsolution – Your Business Solutions. Zip Manager and CEO things easy news. By. Wednesday, November 23 ...
www.enrolsolution.com/zip-manager-and-ceo-things-easy-ne...
Executive pay: Don't blame the CEO - Fortune Management
But CEOs aren't to blame, their bosses are. ... fifty management thinkers and ten most influentialbusiness professors in the world. ... 2011 Cable News Network. ...
management.fortune.cnn.com/2011/11/.../dont-blame-the-ceo/
Barrick Announces Changes to Senior Management: Market Wire ...
Find news for: ... appointed President of the North America Business Unit and Mike Feehan, currently Senior Vice President Operations Support, assuming the ...
money.msn.com/business-news/article.aspx?feed=MW...
CEO and top Sarasin managers resist Baer takeover: paper | Reuters
ZURICH (Reuters) - Twelve top managers at Swiss private bank Sarasin , including its Chief Executive Joachim Straehle, have ... More Small Business News ...
www.reuters.com/.../us-sarasin-baer-idUSTRE7AI0IO2011111...
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