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April 15, 2007
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After Record Profit, Chief Says He?ll Leave
Wed, 07 Feb 2007 23:04:32 EDT | New York Times
The chief of BHP Billiton, the Australian mining company, delivered an early farewell gift: record half-year earnings and a $10 billion stock buyback.
World Business Briefing | Europe: France: Oil Concern Appoints a Chief, Despite Inquiry
Wed, 14 Feb 2007 01:30:28 EDT | New York Times
The oil company Total named Christophe de Margerie, formerly the company?s No. 2 executive, as its chief. Mr. de Margerie is under investigation in France over a possible plan to pay foreign officials for the right to drill in their countries, linked to the oil-for-food program for Iraq. Total, following the footsteps of several big French companies, announced last year that it would split the jobs of chief executive and chairman, leaving Thierry Desmarest, who currently holds both posts, as chairman only. Mr. de Margerie, left, currently head of the exploration and production division, has worked for Total for more than 30 years. The French authorities placed him under investigation in October for ?complicity in the abuse of company goods? and ?complicity in corrupting foreign officials.? Total insists it has abided by the rules of the United Nations oil-for-food program, which allowed Saddam Hussein to sell oil in exchange for humanitarian goods.
| Findory News
Telegraph: Credit Suisse has surprised the markets with the announcement that Brady Dougan, the head of its investment banking business, will become chief executive of the banking behemoth in May.
Early exit for Credit Suisse chief
| Findory News
Telegraph: Investment bank and wealth manager Credit Suisse surprised the banking community by announcing that the group's chief executive Oswald Gruebel is to be replaced by the head of its investment banking division.
Booming Credit Suisse picks its first American chief executive
| Findory News
The Independent: Credit Suisse, the venerable Swiss banking giant, is to be run by an American for the first time, having appointed the head of its investment bank, Brady Dougan, to the post of chief executive.
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