Elan CEO Kelly Martin's future employment with the upcoming shareholder vote. (Photo : Reuters)The image is Elan's CEO Kelly Martin. When former Merrill Lynch banker Kelly Martin took over Elan Pharmaceuticals in 2003, it was well known he did not have any drug industry experience.
People
Lampert Uses US$393 Million for Redemptions
Lampert used US$393 million of shares in AutoNation Inc. to cater to client redemption demands after investors saw struggle at Sears Holdings Corp.
CEOs Fight for Elan, the Biggest Hostile Bid of the Year
Since February, top executives of Elan and Royalty Pharma have been vying to control over Elan. (Photo : Reuters )Irish drugmaker Elan will be giving back $1 billion to shareholders as a boost from the sale of its stake in multiple sclerosis treatment Tysabri to partner Biogen Idec.
Gary Kenneth Toomey Sits As New Jet Airways CEO
Gary Kenneth Toomey succeeded Nikos Kardassis as CEO for India-based Jet Airways. (Photo : Reuters)The image shows Jet Airways aircraft. Nikos Kardassis was succeeded by Gary Kenneth Toomey as chief executive officer of Jet Airways (India) Ltd.
Dish Wins Clearwire in a Billionaire’s Duel
Charlie Ergen of Dish Network won a round against SoftBank Corp. as Clearwire Corp. endorsed the bid offer from Dish.
Latest News
Russian billionaire Alexander Lebedev is in talks to sell 4.5% of his stake in the country's flagship carrier, Aeroflot.
CEO for Royal Bank of Scotland was persuaded by the bank's board to step down to enable his successor to be in place prior the government's sale of its 81% stake.
Lululemon Athletica Inc. Chairman, Dennis Wilson sold his stock for US$49.5 million days before the announced surprise departure of the company's CEO Christine Day.
SEO company Conductor Inc. named Jin Caci as its new chief financial officer. (Photo : Reuters)The image is a whole floor of computers in a network. Search engine optimization services provider Conductor Inc.
Nimesh Shah, a former Deutsche Bank researcher and venture capital investor, is named as partner at VC company Domain Associates.
Thailand's CP ALL Pcl acquired Siam Makro Pcl after its shareholders agreed on the 189 billion baht ($6.1 billion) deal. This acquisition is considered to be the Southeast-asian nation's largest takeover in history.
Patrick Corso departs Providence Equity, the fourth senior departure in the company since 2008. (Photo : Reuters)The image shows a view of Hong Kong's business district.
Bank of America, Chase, CitiGroup and other big banks were given two years to comply with the Dodd-Frank requirement that pushed swaps trading out of banks.
Doug Suttles has three-decades of experience as an oil and gas veteran. (Photo : )Oil and gas veteran Dough Suttles (left) formerly of BP, is now CEO of Escana Doug Suttles preceded interim CEO Clayton Woitas.
