Management Turnover as Change Agent

Tuesday, January 8, 2008

Sub-prime Crisis Executive Notches Grow

Add another executive to the sub-prime crisis management waste basket. According to the UK's Times Online,
Barclays Capital, the investment-banking arm of Britain’s third biggest bank Barclays has ousted the co-president of its US operations after a series of write-downs related to sub-prime mortgage investments.

Grant Kvalheim is to leave Barclays this quarter while Jerry del Missier, his fellow co-president, will become sole president of the bank's US business.
Kvalheim is one of many names still being added to the list.

For more:

Wall Street Journal

No comments: