Management

Apple CEO Tim Cook could top pay list in 2011

Tim Cook could well end up being the highest paid CEO in America in 2011, after Apple Inc. granted him a million restricted stock units last August for taking the reins shortly before co-founder Steve Jobs died.

JP Morgan appoints David Koh to dual roles in China

Jonathan Barlow FinanceAsia 12.10.2011
David Koh joins J.P. Morgan

J.P. Morgan has appointed veteran transaction and corporate banker David Koh as its new head of treasury and securities services (TSS) China and as head of treasury services (TS) Greater China, effective immediately. Beijing-based Koh reports regi...


Yahoo! board removes Carol Bartz as CEO

Scott Budman NBC Bay Area 07.09.2011
Yahoo! board removes Carol Bartz as CEO

Reports Tuesday night have Carol Bartz out as Yahoo's CEO. The news ends a tumultuous 30-month reign for the former Autodesk CEO.

Steve Jobs Quits as Apple CEO

YUKARI IWATANI KANE The Wall Street Journal 25.08.2011
Steve Jobs Quits as Apple CEO

Steve Jobs, the ailing tech visionary who founded Apple Inc., said he was unable to continue as chief executive of the technology giant and handed the reins to Chief Operating Officer Tim Cook.


Standard & Poor's President Stepping Down

The president of Standard & Poor's is stepping down, an announcement coming only weeks after the rating agency's unprecedented move to strip the United States of its AAA credit rating.

HSBC names Peter Wong as chairman of HSBC China

Xavier Ng, Chris Lewis Reuters 11.07.2011
HSBC names Peter Wong as chairman of HSBC China

HSBC Holdings Plc, Europe's largest bank, said on Monday that it has appointed Peter Wong as chairman of HSBC Bank (China) Co Ltd with immediate effect.


IMF: Christine Lagarde Rival Says Appointment "Done Deal": Report

The appointment of French finance minister Christine Lagarde as head of the International Monetary Fund is a "done deal," rival Grigori Marchenko told the UK's Daily Telegraph on Friday.

KPMG appoints Michael Andrew as global chairman based in HK

Kelvin Soh, Chris Lewis Reuters 13.05.2011
KPMG appoints Michael Andrew as global chairman based in HK

Accounting giant KPMG has appointed Michael Andrew as global chairman to be based in Hong Kong, the firm said on Thursday.


UBS's top prime broking staff in Hong Kong, Jarvis, quits-sources

Ashley Jarvis, Swiss bank UBS AG's global head of business and capital consultancy for prime broking division has quit, three people with knowledge of the matter told Reuters on Sunday.

Belle Footwear Billionaire Tang Yiu Hospitalized After Stroke

Tang Yiu, the footwear Hong Kong footwear billionaire who ranked no. 281 on the 2011 Forbes Billionaires List, has been hospitalized after a stroke, his company Belle International Holdings said in a statement on Monday evening.


James Murdoch named News Corp. deputy COO

James Murdoch, the youngest son of News Corp. chairman Rupert Murdoch, was named deputy chief operating officer of the news and entertainment giant on Wednesday.

Berkshire's Sokol Quits After Lubrizol Purchases

ERIK HOLM And SERENA NG The Wall Street Journal 31.03.2011
Berkshire's Sokol Quits After Lubrizol Purchases

David Sokol, long considered by outsiders to be the most likely candidate to succeed Warren Buffett, resigned from Berkshire Hathaway Inc. after purchasing shares of a company he suggested Mr. Buffett buy.


Alibaba.com Appoints Jonathan Lu As Executive Director

Alibaba.com Ltd. said Thursday it appointed Jonathan Lu as an executive director with immediate effect.

Alibaba.com CEO resigns after jump in fraudulent sales

Alibaba.com has replaced its chief executive following a noticeable increase in fraudulent transactions at the Chinese e-commerce firm.


Apple Stock Plunge Prompted by Jobs' Health Rumor?

Lori Preuitt NBC Bay Area 10.02.2011
Apple Stock Plunge Prompted by Jobs' Health Rumor?

Which came first the chicken or the egg? That is part of the puzzle today concerning the Silicon Valley darling Apple. Here's the chicken: The stock lost $10 billion in four minutes Thursday. Here's the egg: There is a rumor the Steve Jobs is in ...

HSBC says keeps main CEO office in Hong Kong

Steve Slater and Kelvin Soh Telegraph 26.01.2011
HSBC says keeps main CEO office in Hong Kong

HSBC's (HSBA.L) new chief executive's main office will remain in Hong Kong after the symbolic shift of the CEO office there last year, Europe's biggest bank said on Tuesday.


HSBC chief executive Stuart Gulliver drops plan to move to Hong Kong and stays in London

The City is set to get a boost under plans by HSBC’s new chief executive Stuart Gulliver to remain in London. The decision will mean that Stuart Gulliver, who for years has been one of Britain’s best paid bankers, will continue to pay UK income tax.

Google to give outgoing CEO Schmidt $100 million

Google Inc is set to give Eric Schmidt a $100 million equity award as he hands over the chief executive officer job to co-founder Larry Page.


Apple's Jobs Takes Medical Leave but Remains CEO

Apple CEO Steve Jobs said on Monday the company's board of directors had granted him a medical leave of absence to allow him to focus on his health.

Alwaleed Is Richest Arab Businessman for Seventh Year, Al-Jaber Is Second

Prince Alwaleed bin Talal was ranked the richest Arab businessman by Arabian Business magazine for the seventh year after adding more than $2 billion to his wealth this year.