Chairpersons
President Bush's selection of Princeton University economist Ben Bernanke to succeed Alan Greenspan as chairman of the Federal Reserve's Board of Governors is seen as a move that will likely continue policies aimed at maintaining a low and stable rate of inflation. This goal is expected
Chairpersons
Veteran executive Bruce Paradis was recently named the sole CEO of Residential Capital, a unit of General Motors Acceptance Corp., which generates about half of the profits from the finance businesses of General Motors Corp. The Consolidation is part of GMAC's efforts to focus on attacking market opportunities
Chairpersons
Residential Capital Corporation (ResCap) has reorganized its executive leadership team with Bruce Paradis taking the helm as chief executive officer (CEO). Paradis, a 30-year veteran of the real estate finance industry, served as GMAC-RFC's CEO since 1994. ResCap's combined operations reported net income of $968 million
Chairpersons
The CEOs of 31 leading high-tech companies, including Alcatel, AT&T, Dell, Intel, Microsoft, and QUALCOMM, have signed a letter urging the House and Senate Commerce Committees to enact legislation setting a "hard date" for the successful conclusion of the transition from analog to digital television. The
Chairpersons
Dean Foods Company announced that Joseph Scalzo has taken over as President and Chief Executive Officer of its WhiteWave Foods division, bringing over 20 years of experience from major consumer product and beverage companies. Scalzo reports directly to Gregg Engles, Chairman and Chief Executive Officer of Dean Foods. The company
Chairpersons
Sir Christopher Gent, chairman of GlaxoSmithKline, has identified up to four internal candidates to succeed J.P. Garnier, the company's chief executive, who is set to retire in October 2007. Meanwhile, Merlin Biosciences, a biotech venture capital company, is under investigation by the Serious Fraud Office over an
Chairpersons
Vanni Treves and Charles Thomson, chairman and chief executive of Equitable Life respectively, are facing increasing pressure to resign as a leading policyholder group, Equitable Members'Action Group (EMAG), seeks to force an extraordinary meeting to vote on their no-confidence motion. The move follows Equitable's decision to
