Hints and tips:
...Paul Leech and Todd Sandoz, who have co-led Barclays’ equity trading unit since 2020, are leaving the UK lender, according to Bloomberg....
...One thing to start: The £4.25bn takeover led by US financier Todd Boehly of Chelsea Football Club has hit last-minute problems after the UK government clashed with Russian oligarch Roman Abramovich over...
...During his 15-year tenure as CFO, Dutra led the company’s dealmaking spree, swallowing up family-backed beer companies from America to Africa....
...Rachel Osborne, CFO for all of a month, has been made acting CEO. All that comes on top of the departure of founder Ray Kelvin earlier this year, after a hugging scandal....
...“If that was our CFO asking that question, it would certainly worry our investors,” he says....
...Asked at a Goldman Sachs investor conference in San Francisco what the top priority would be if the tax rate was lowered, allowing the company to repatriate some of its $230bn in overseas funds, the Apple CFO...
...This week’s sacking of Todd Thomson, who ran the bank’s wealth management arm, and his replacement by Sallie Krawcheck, the current CFO, have renewed questions about Citigroup’s management depth....
...Mr Crittenden, 53, CFO of American Express for six years, will replace Sallie Krawcheck, who is being moved as part of a reshuffle announced last month....
...This week’s sacking of Todd Thomson, who ran the Smith Barney wealth management arm, and his replacement by Sallie Krawcheck, the current CFO, have renewed questions about Citigroup’s management depth....
...But the abrupt departure of Todd Thomson – the former CFO, who actually swapped jobs with Ms Krawcheck to head up wealth management in 2004 – forced the issue....
...Chuck Prince, chief executive, came under renewed criticism after the reshuffle which saw the sacking of Todd Thomson as head of Citigroup’s wealth management business....
...Todd Gravino, who worked for Mr Seegers in Europe and Asia, has joined Barclays as CFO of global retail and commercial banking....
...The sideways move for Ms Krawcheck, who returns to essentially the same job she left in 2004, will please many Citigroup investors who have criticised her performance as CFO....
...Citigroup is using the search for a new CFO to bring in a candidate with the potential to do the top job. That is a good first step....
...In terms of potental successors he said: “We have a strong bench, which will be added to shortly with the CFO and CAI [Citigroup Alternative Investments] appointments.”...
...This week’s sacking of Todd Thomson, once seen as a potential chief executive, has renewed questions about the depth of Citigroup’s management....
...After a brief introduction, Mr Prince handed things over to Mr Druskin and Gary Crittenden, the CFO he has just hired from American Express, to promise that they would be running a tighter ship....
...Mr Prince said Ms Krawcheck, 42, had done “a great job” as CFO for two years – about the length of time they discussed when she accepted the role....
...When Mr Bakker moved up from being chief financial officer he sought his fellow directors’ views of the difference between the CFO and chief executive roles....
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