Zac Bissonnette, a frequent contributor to BloggingStocks.com, wrote a spot on piece on the possibility (mentioned by the WSJ and Atlanta Business Chronicle) that Bank of America may select Gregory Curl, the bank’s chief risk officer, as an interim CEO. The interim CEO would serve until a permanent replacement is found for Ken Lewis upon his retirement. What is the bank (the board) thinking? This is the kind of trial balloon that should never happen. Curl was the chief risk officer at the time of the ill-fated Merrill acquisition. Stay tuned.
For more:
ClusterStock
Showing posts with label Interim CEO. Show all posts
Showing posts with label Interim CEO. Show all posts
Wednesday, October 7, 2009
Wednesday, January 14, 2009
Apple's Steve Jobs Takes Medical Leave
Late this afternoon Apple announced that Steve Jobs, Apple’s CEO, has decided to take a medical leave until June to deal with his health related issues. In his place Tim Cook, Apple’s chief operating officer, will serve as the interim CEO. Cook handled this position when Jobs underwent surgery years back for pancreatic cancer. CNET reported that Apple released an email that Jobs wrote to Apple’s employees. The email stated:
Unfortunately, the curiosity over my personal health continues to be a distraction not only for me and my family, but everyone else at Apple as well. In addition, during the past week I have learned that my health-related issues are more complex than I originally thought.
In order to take myself out of the limelight and focus on my health, and to allow everyone at Apple to focus on delivering extraordinary products, I have decided to take a medical leave of absence until the end of June.
While the sudden announcement resulted in a late suspension in the trading of Apple’s stock after it fell nearly 10%, once this all settles down the market will hopefully recognize that the company is in good hands. Cook was one of Job’s possible successors mentioned in an earlier blog and a story in Forbes back in the summer.
For more:
Charlie Rose Interview of Michael Arrington, Techcrunch (video)
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