Jan 16 2011

Clinton Veteran Will Be Biden’s Chief of Staff

With each passing day, the Obama administration is looking more and more like the Clinton administration.

Vice President Joseph R. Biden Jr. said Friday that his new chief of staff will be Bruce Reed, who spent eight years working for President Clinton, first as his assistant for domestic policy planning, then as deputy domestic policy adviser and finally as chief domestic policy adviser.

Mr. Reed, who has led the moderate Democratic Leadership Council, will be succeeding Ron Klain, who is leaving the vice president’s staff to run Case Holdings, the parent company of a former AOL chief Steve Case’s investment company.

Mr. Reed most recently worked for the Obama administration as the executive director of the National Commission on Fiscal Responsibility and Reform, often called the Simpson-Bowles commission for its chairmen, Alan Simpson, the former Republican senator from Wyoming, and Erskine Bowles, who served as Mr. Clinton’s chief of staff. “I’ve known and admired Bruce for over 20 years,” Mr. Biden said.

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Dec 4 2010

Former R.B.S. Chief Is Cleared

9:31 a.m. | Updated LONDON – Frederick A. Goodwin, the former chief executive of Royal Bank of Scotland widely blamed for the bank’s demise, was cleared by Britain’s financial regulator of any major wrongdoings. The Financial Services Authority said Thursday it had completed a 17 months’ investigation together with PricewaterhouseCoopers into R.B.S. as one of [...]


Nov 27 2010

Genzyme’s Chief Chides Sanofi on Price

Henri Termeer, chairman and chief executive of the American biotech company Genzyme, told Le Figaro in an interview that while he was not against Sanofi-Aventis’s $18.5 billion takeover offer in principle, he thinks it should be higher. Newcomers among Genzyme shareholders, he said, had bought in at $70 to $72 per share, already above the [...]


Nov 27 2010

Agreement Clears Way for Cathleen Black to Become New York City Schools Chief

NEW YORK — Mayor Michael Bloomberg and the state’s education commissioner have reportedly reached an agreement that will allow the chairwoman of Hearst Magazines, Cathleen P. Black, to become the next schools chancellor.Black, who has no education experience and whose children attended private school, became a focus of dispute in the past few weeks since [...]


Nov 24 2010

Ex-Comverse Chief to Forfeit Nearly $48 Million

ReutersJacob Alexander, the former chief executive of Comverse, who is forfeiting $47 million in a settlement of civil charges. 7:51 p.m. | Updated Jacob Alexander, the one-time chief of a telecommunications software maker who fled to Namibia to avoid charges related to stock option backdating, has agreed to forfeit nearly $48 million to settle a [...]


Nov 24 2010

N.Y. Education Czar Could Reject Bloomberg’s Choice of Cathleen Black as Schools Chief

In a rebuke to Mayor Michael Bloomberg, New York State’s education commissioner announced Tuesday that he would reject the appointment of Cathleen Black to be chancellor of New York City schools unless she is teamed with someone who has background in education. Commissioner David Steiner has repeatedly expressed concerns about the qualifications of Black, a [...]