Richard C. Notebaert (born 1947 in Montreal, Canada) is the former Chairman and CEO of Qwest, Tellabs and Ameritech. He was credited for saving Qwest from bankruptcy, and making Ameritech the most successful “Baby Bell”.
Notebaert is a member of the board of directors of Aon Corp., Cardinal Health Inc. and American Electric Power Company, Inc. He is also the Chair of University of Notre Dame’s Board of Trustees. In 2003, Notebaert was appointed by President Bush to the National Security Telecommunications Advisory Committee.
Notebaert was born in Montreal, Quebec, Canada in 1947 and grew up in Columbus, Ohio. After graduating from University of Wisconsin–Madison with a bachelor’s degree in 1969, he joined Wisconsin Bell marketing operation. He was promoted to the vice president of marketing and operations in 1983 after he obtained an MBA from University of Wisconsin–Milwaukee. After that he had been president of Ameritech Mobile Communications, Indiana Bell Telephone Company, Ameritech Services. In 1994, he became the president and CEO of Ameritech Corporation. He was the chairman and CEO of Tellabs from 2000 to 2002. Notebaert became the chairman and CEO of Qwest Communications International, Inc. in June 2002. He retired in August 2007.
Richard “Dick” Severin Fuld, Jr. (born April 26, 1946) is an American banker best known as the final Chairman and Chief Executive Officer of Lehman Brothers. Fuld had held this position since the firm’s 1994 spinoff from American Express until 2008. Lehman Brothers filed for bankruptcy protection under Chapter 11 on September 15, 2008, and subsequently announced a sale of major operations to parties including Barclays Bank and Nomura Securities.
Fuld was nicknamed the “Gorilla” on Wall Street for his competitiveness. Condé Nast Portfolio ranked Fuld number one on their Worst American CEOs of All Time list, stating he was “belligerent and unrepentant”.Fuld was also named in Time magazine’s list of “25 People to Blame for the Financial Crisis”.
He then began his career with Lehman Brothers in 1969, the year the firm’s senior partner Robert Lehman died, and stayed at the company until its bankruptcy. He began as a commercial paper trader and rose rapidly.
Fuld worked for Lehman for nearly 40 years. During this time, Fuld witnessed and participated in the numerous changes which the organization endured, including its merger with Kuhn, Loeb & Co, its acquisition by American Express, its merger with E.F. Hutton, and its ultimate spin-off from American Express in 1994, once again as Lehman Brothers.
Chief Executive Officer:
Having served as CEO from 1994 through the firm’s collapse in 2008, Fuld was the longest-tenured CEO on Wall Street at the time of the financial crisis of 2008. Fuld had steered Lehman through the 1997 Asian Financial Crisis, a period where the firm’s share price dropped to $22 in 1998. Lehman had a yearly loss of $102 million in 1993, but after Fuld became CEO the firm had fourteen straight years of profits, including one of $4.2 billion in 2007, although in 2008 it reported a Q2 loss of $2.8 billion and filed for bankruptcy later that year. Similar to the fall of Barings Bank this was accomplished by driving up company earnings through excessive leverage and risk.
Fuld had a succession of “number twos” under him, usually titled as President and Chief Operating Officer. T. Christopher Pettit served until November 26, 1996, when he lost a power struggle with his deputies, likely brought about after Pettit had a mistress, which violated Fuld’s unwritten rules on marriage and social etiquette. Bradley Jack and Joseph M. Gregory were appointed co-COOs in 2002, however, Jack was demoted to the Office of the Chairman in May 2004 and departed in June 2005 with a severance package of $80 million, making Gregory the sole COO and President. Along with CFO Erin Callan, Gregory was demoted on June 12, 2008, and replaced by Bart McDade, who would see Lehman through bankruptcy.
In 2006, Institutional Investor magazine named Fuld America’s top chief executive in the private sector. That same year in December, Fuld told The Wall Street Journal, “as long as I am alive this firm will never be sold.” In March 2008, Fuld appeared in Barron’s list of the 30 best CEOs and was dubbed “Mr. Wall Street”.
Overall, Fuld received nearly half a billion dollars in total compensation from 1993 to 2007.In 2007, he was paid a total of $22,030,534, which included a base salary of $750,000, a cash bonus of $4,250,000, and stock grants of $16,877,365. According to Bloomberg Businessweek, Fuld “famously demanded loyalty of everyone around him and demonstrated his own by keeping much of his wealth tied up in the firm”, even buying Lehman shares on margin, according to a friend.
Bankruptcy and aftermath:
Fuld was initially praised for handling the initial subprime mortgage crisis well, better than any of the other bulge bracket firms, behind Goldman Sachs.
Fuld was said to have underestimated the downturn in the US housing market and its effect on Lehman’s mortgage bond underwriting business. Fuld was already the longest-tenured CEO on Wall Street and kept his job as the subprime mortgage crisis took hold, while CEOs of rivals like Bear Stearns, Merrill Lynch, and Citigroup were forced to resign.In addition, Lehman’s board of directors, which includes retired CEOs like Vodafone’s Christopher Gent and IBM’s John Akers were reluctant to challenge Fuld as the firm’s share price spiraled lower.
Fuld would be criticized for not completing several proposed deals, either a capital injection or a merger, that would have saved Lehman Brothers from bankruptcy. Interested parties had included Warren Buffett and the Korea Development Bank. Fuld was said to have played a game of brinkmanship, refusing to accept offers that could have rescued the firm because they didn’t reflect the value he saw in the bank.
However, New York magazine had a different view on Fuld’s last three months as CEO before the firm’s bankruptcy. Hugh “Skip” McGee III, then-head of the Investment Banking Division, had earlier disagreed with COO Joseph M. Gregory’s appointment of one of his subordinates, Erin Callan, as CFO. On June 11, 2008, McGee organized a meeting of the firm’s senior bankers, who forced Fuld to demote Callan and Gregory. Gregory’s replacement as president and COO was Bart McDade. While Fuld remained CEO in the title, it has been said that a management coup had taken place and that the one guy in charge was now McDade. New York magazine’s account also stated that Fuld was desperately searching for a buyer during the summer and even offering to step aside as CEO to facilitate the sale of the firm, is quoted as saying “We have two priorities, that the Lehman name and brand survive and that as many employees as possible be saved, and you’ll notice our priority isn’t pricing”.
In his 2009 book A Colossal Failure Of Common Sense, Larry McDonald—a senior Lehman Brothers trader in the years leading up to the crash wrote that Fuld’s “smoldering envy” of Goldman Sachs and other Wall Street rivals led him to ignore warnings from Lehman executives about the impending crash and that Fuld insisted the firm’s chief risk officer left the boardroom during key discussions.
In October 2008, Fuld was among twelve Lehman Brothers executives who received grand jury subpoenas in connection to three criminal investigations led by the United States Attorney’s offices in the Eastern and Southern Districts of New York as well as the District of New Jersey, related to the alleged securities fraud associated with the collapse of the firm.
On October 6, 2008, Fuld testified before the United States House Committee on Oversight and Government Reform regarding the causes and effects of the bankruptcy of Lehman Brothers. During the testimony, Fuld was asked if he wondered why Lehman Brothers were the only firm that was allowed to fail, to which he responded: “Until the day they put me in the ground, I will wonder.”
Soon after Lehman filed for bankruptcy, there was a well-circulated rumor – promulgated initially by the satirical financial blog “Dealbreaker” and overly excited reporters – that Fuld was “punched in the face” and/or “knocked out cold” by someone while working out in the company gym. According to the man who was gym manager at the time, this never happened.
Rodger O. Riney (born 1946) is the CEO and founder of Scottrade, an online discount brokerage firm headquartered in St. Louis, Missouri.
Riney was born in 1946 and was introduced to the stock market by his grandparents after giving him 10 shares of a stock. He attended college in the 1960s and worked in the financial services industry. He interned at Edward D. Jones & Company.
Riney earned a Bachelor of Science in Civil Engineering and a Masters in Business Administration from the University of Missouri. He and his wife, Paula, are members of Kirkwood Baptist Church in St. Louis County, Missouri.
After the deregulation of the brokerage industry in 1975, Rodger saw an opportunity to provide lower commission trades. In 1980, he founded Scottrade in Scottsdale, Arizona under the name of Scottsdale Securities.
In 1982, Scottrade branched out from Scottsdale, Arizona, promoting discounted commissions for trades placed by telephone. Riney introduced internet trading in the 1990s. Scottrade has over 500 branch offices nationwide and offers managed services for clients who are seeking fee based advice. The company offers a full range of banking services to retail clients and makes commercial loans to small business.
Riney’s management methods are described as conservative. He stated his intention to maintain private ownership and is against merging. In 2013 Scottrade was cited as 53rd in the top 100 companies to work for.
Ross Maxwell McEwan (born 16 July 1957) is a New Zealand banker, who has been the chief executive officer (CEO) of The Royal Bank of Scotland Group (RBS), a FTSE 100 company since 1 October 2013, succeeding Stephen Hester.
Early life and education:
McEwan was educated at Hastings Boys’ High School, Hastings, followed by Massey University, where he completed a degree in business studies and human resources, despite having failed an accountancy module twice.
McEwan’s first top management position was as Chief Executive of Axa New Zealand from 1996 to 2002. He had spent the previous ten years at National Mutual New Zealand, 51% acquired by Axa in 1995. McEwan was then appointed CEO of First NZ Securities, the stockbroking arm of First NZ Capital Securities, the New Zealand affiliate of Credit Suisse Group.
In 2003 McEwan was hired as group executive for retail banking services for the Commonwealth Bank of Australia (CBA). He had been expected to become the next CEO of CBA, but was passed over for the post in 2011.
McEwan joined RBS in August 2012 as head of retail banking. He was appointed Chief Executive Officer in October 2013. It was expected that he would move the bank away from investment banking and reduce its international exposure, to focus more on UK retail banking.
In February–March 2014, McEwan attracted press coverage for his view that “free banking” (no current account charges for customers in credit) would have to end sooner or later, and that this would in turn lead to greater transparency from the banks about how they funded their operations.
On 25 February 2015, RBS announced that McEwan would forgo a share award worth £1m saying that he did not want his pay package to “be a distraction from the task of building a great bank”. He is still expected to be paid £2.7m despite turning down the award. The announcement came the day before the bank, which is 80% owned by the UK government, was due to release annual results widely expected to be disappointing following a series of fines by banking regulators for failures including for failing to stop manipulation of the foreign exchange market.
Rajesh Gopinathan was born in 1971. He is the CEO and Managing Director of Tata Consultancy Services (TCS), a worldwide IT administrations, counseling and business arrangements association. Rajesh is probably the most youthful chief in the Tata Group. He was raised to the part of Chief Executive in February 2017 subsequent to filling in as the Chief Financial Officer since 2013.
Rajesh Gopinathan was born into the world in Thrissur, Kerala. He lived in Lucknow till his twelfth class and concentrated in St. Mary’s Convent Inter College, RDSO branch. His dad used to work for the Research Design and Standards Organization (RDSO) wing of the Indian Railways. Rajesh graduated in 1994 with an Electrical and Electronics Engineering certificate from the Regional Engineering College, Tiruchirappalli (presently National Institute of Technology, Tiruchirappalli).
In 1996, he got a post-graduate confirmation in Management (PGDM, equivalent to a MBA) from Indian Institute of Management Ahmedabad. He also won many awards. In 2021 – he win India’s Best CEO in the classification of super huge organizations by Business Today (India). He joined the Tata Strategic Management Group in 1996, where he worked at numerous tasks with Tata organizations.
Wilmot Reed Hastings Jr. was born in 8th October, 1960 in Boston, Massachusetts. His dad Wilmot Reed Hastings was a lawyer for the Department of Health, Education and Welfare in the Nixon organization, and his mom Joan Amory Loomis was a Boston debutante from a Social Register family who was repelled by the universe of high society and encouraged her youngsters to scorn it. His maternal great grand dad was Alfred Lee Loomis. He is an American finance businessman. He is the fellow benefactor, administrator, and co (CEO) of Netflix, and sits on various sheets and non-benefit associations. A previous individual from the California State Board of Education, Hastings is a promoter for instruction change through contract schools.
Hastings lives in Santa Cruz, California. He is wedded to Patricia Ann Quillin, and he has two youngsters. Hastings went to Buckingham Browne and Nichols School in Cambridge, Massachusetts, and sold vacuum cleaners house to house in a hole year prior to entering school. He moved on from Bowdoin College with a Bachelor of Arts degree in Mathematics, which he found “excellent and locks in”. He showed up in a first page article in USA Today in 1995, presenting on his Porsche. He thinks about that youthful now and has said that on the off chance that he at any point shows up on the first page of USA Today again it will “not [be] on the hood of a Porsche, yet I would [pose] with a lot of motion pictures”. Hastings sold his Porsche for a Toyota Avalon, however now drives a Tesla. In 2018, Hastings showed up in a podcast series by Linkedin prime supporter Reid Hoffman, Masters of Scale, and talked about the procedure received by Netflix to scale.
Hastings’ first occupation job was at Adaptive Technology, where he made a device for troubleshooting software. He met Audrey MacLean in 1990 when she was CEO at Adaptive Corp. In 2007, Hastings said that “From her, I took in the worth of core interest. I learned it is smarter to do one item well than two items in a fair manner.” Hastings left Adaptive Technology in 1991 to establish the foundation to his first organization, Pure Software, which created items to investigate programming. In 1996, Pure Software reported a consolidation with Atria Software. The consolidation coordinated Pure Software’s projects for identifying bugs in programming with Atria’s devices to oversee improvement of complex programming. In 1997, the joined organization, Pure Atria, was obtained by Rational Software, which set off a 42% drop in the two organizations’ stocks after the arrangement was announced. Hastings was delegated Chief Technical Officer of the consolidated organizations. After Pure Software, Hastings went through two years considering how to stay away from comparative issues at his next startup. In 1997, Hastings and previous Pure Software representative Marc Randolph helped to establish Netflix, offering level rate film rental-via mail to clients in the US by joining two arising advancements; DVDs, which were a lot simpler to send as mail than VHS-tapes, and a site to arrange them from, rather than a paper index. Hastings said that when he founded Netflix, he had no idea whether customers would use the service.
Ritesh Agarwal was born into the world in Bissam Cuttack town of Odisha state, India and raised in Titilagarh. He is an Indian business visionary and the Founder and CEO of OYO Rooms. He is known as the world’s second most youthful billionaire in 2021. Be that as it may, Forbes or Business Insider have not recorded him as a Dollar Billionaire yet. Agarwal is likewise a beneficiary of the Business World Young Entrepreneur Award.
Ritesh comes from a family that used to run a little shop in Southern Orissa. At the age of 13, he start selling SIM cards. He moved on from St. Johns Senior Secondary School and moved to Delhi in 2011 for college. He exited school, and was chosen for the Thiel Fellowship in 2013. As of February 2020, he is simply the second most youthful self-made billionaire on the planet after Kylie Jenner. Agarwal start a budgut convenience entrance, Oravel Stays, for booking financial plan hotels. It was acknowledged into the accelerator program by Venture Nursery in September 2012, and later was one of the champs of the 2013 Thiel Fellowship program, getting an award of $100,000. The organization was launched as OYO Rooms in May 2013.
By September 2018, the organization brought $1 billion. Up in July 2019 it was accounted for that Agarwal bought $2 billion in shares in the organization, significantly increasing his stake. His total assets in 2020 was assessed to be roughly $1.1 billion (₹7253 crore) as per Hurun Rich List 2020. He is recorded in the Forbes 30 under 30 rundown list for Asia.
Robert Thomson was born into the world in 11th March 1961 in Torrumbarry, Victoria. He is an Australian writer. Since January 2013 he has been CEO of News Corp.
Thomson was learned at Christian Brothers College in St Kilda East, and at the Royal Melbourne Institute of Technology. One of his progenitors was named Arturo Dell’Oro, and came from Domodossola, in northern Italy. He is hitched to Wang Ping, the girl of a general in the Chinese People’s Liberation Army.
Thomson began fill in as a copyboy at The Herald (presently the Herald Sun) in Melbourne in 1979. In 1983, he became senior component essayist for The Sydney Morning Herald, and after two years became Beijing reporter for The Sydney Morning Herald just as the Financial Times. Thomson then, at that point turned into a Tokyo journalist for the Financial Times in 1989. Thomson was selected the Financial Times unfamiliar news manager in 1994 and in 1996 became supervisor of the Financial Times weekend release. While at Sydney Morning Herald, Thomson composed a series on Australian appointed authorities, which was distributed as a book in 1987, The Judges: A Portrait of an Australian Judiciary. In 1998, Thomson became U.S. overseeing editorial manager of the Financial Times. In May 2008, he was delegated overseeing proofreader of The Wall Street Journal, having recently been the manager of The Times. He got a privileged doctorate from RMIT University in 2010. In January 2013, Thomson turned into the CEO of News Corp.
Robin Li Yanhong was born in 17th November 1968 in Yangquan, Shanxi Province, where he spent through the majority of his youth. He is a Chinese programmer and extremely rich person web business visionary. He is the CEO of the web search tool Baidu. He additionally created RankDex, the primary web internet searcher with page-positioning and webpage scoring calculations. Probably the most extravagant individual in China, he has a total assets of US$14.7 billion as of April 2021. Li contemplated data the board at Peking University and software engineering at the University at Buffalo. In 1996, he made RankDex, the principal web index with page-positioning and webpage scoring calculations. In 2000, he established Baidu with Eric Xu. Li has been CEO of Baidu since January 2004. The organization was recorded on NASDAQ on August 5, 2005. Li was incorporated as one of the 15 Asian Scientists To Watch by Asian Scientist Magazine on 15 May 2011. In August 2014, Li was named by the United Nations Secretary General, Ban Ki-Moon, as co-seat of the Independent Expert Advisory Group on Data Revolution for Sustainable Development. Li is an individual from the twelfth Chinese People’s Political Consultative Conference.
Robin Li’s folks were assembly line laborers. Li was the fourth of five kids, and the lone kid. He procured a four year college education in data the board from Peking University. In the fall 1991, Li went to the University at Buffalo in the US to read for a doctorate in software engineering. He accepted his graduate degree in 1994, subsequent to choosing not to proceed with the PhD. Li is hitched to Dongmin Ma, who likewise works for Baidu. They have four youngsters and live in Beijing, China
In 1994, Li joined IDD Information Services, a New Jersey division of Dow Jones and Company, where he fostered a product program for the online version of The Wall Street Journal. He additionally dealt with further developing calculations for web search tools. He stayed at IDD Information Services from May 1994 to June 1997. In 1996, while at IDD, Li made the Rankdex site-scoring calculation for web search tool page positioning, which was granted a U.S. patent. It was the principal web search tool that pre-owned hyperlinks to quantify the nature of sites it was ordering, originating before the very much like calculation patent recorded by Google two years after the fact in 1998. Google organizer Larry Page referred to Li’s work in a portion of his U.S. licenses for PageRank. Li later utilized his Rankdex innovation for the Baidu web crawler. Li filled in as a staff engineer for Infoseek, a pioneer web index organization, from July 1997 to December 1999. An accomplishment of his was the image search work utilized by Go.com. Since establishing Baidu in January 2000, Li has transformed the organization into the biggest Chinese web search tool, with more than 80% portion of the overall industry via search question, and the second biggest free internet searcher on the planet. On 5 August 2005, Baidu effectively finished its IPO on NASDAQ, and in 2007 turned into the primary Chinese organization to be remembered for the NASDAQ-100 Index. He showed up in CNN Money’s yearly rundown of “50 individuals who matter now” in 2007. In 2001, he was named one of the “Chinese Top Ten Innovative Pioneers”. In 2002 and 2003, he was named one of the “IT Ten Famous Persons”. In April 2004, he was named in the second meeting of “Chinese Software Ten Outstanding Young Persons”. In August 2005, he was named in the twelfth meeting of the “ASEAN Youth Award”. In December 2005, he was named one of the “CCTV 2005 Chinese Economic Figures of The Year”. In December 2006 he was named 2006’s “Reality’s Best Business Leader” by the American Business Weekly.
Rosalind Brewer was born into the world in 1962 in Detroit, Michigan. Brewer grew up as the most youthful of five kids and they were the original in her family to go to school. Because of her tendency for math and science, Brewer was keen on seeking after a profession as a doctor. He is an American money manager filling in as the CEO of Walgreens Boots Alliance. With her arrangement at Walgreens in March 2021, she is the lone African American lady to be CEO of a Fortune 500 organization. Brewer is the primary African American lady to become: CEO of Walgreens Boots Alliance, bunch president and COO of Starbucks, and CEO of Sam’s Club. She has likewise stood firm on different authority footings at Walmart and Kimberly-Clark. USA Today alluded to her as “one of corporate America’s most unmistakable ladies and dark female leaders.” Brewer has been noticed a “Exceptionally Powerful Woman” by both Forbes and Fortune magazines.
In 1980, after moving on from Cass Technical High School in Detroit, Michigan, Brewer enlisted at Spelman College in Atlanta, Georgia where she finished her four year certification in chemistry. After finishing her undergrad contemplates, she chose not to seek after a vocation in medication and started working at Kimberly-Clark as an exploration professional. Brewer is likewise an alum of the Director’s College at the University of Chicago Booth School of Business/Stanford Law School and the Advanced Management Program from The Wharton School, University of Pennsylvania. Brewer is hitched to John Brewer, and they have two kids.
Brewer has stood firm on leader footholds at Kimberly-Clark, Walmart, Sam’s Club, Starbucks, and Walgreens Boots Alliance. Furthermore, Brewer was made the lone African American individual from the top managerial staff at Amazon in 2019. She additionally filled in as a part on the Board of Directors at Lockheed Martin and Molson Coors Brewing Company. Brewer keeps on filling in as a part on the Board of Trustees for Westminister School, the Board of Councilors for the Carter Presidential Center, and fills in as the Board of Trustees Chair at Spelman College. On 15 March 2021, Rosalind Brewer was designated as the CEO of Walgreens Boots Alliance. Brewer turned into the solitary current African American lady to lead a Fortune 500 organization. In 2020, Fortune positioned Brewer the 27th Most Powerful Woman in the World and Forbes positioned her 48th in their Worlds 100 Most Powerful Woman. On 15 September 2015, Fortune remembered Brewer for its Most Powerful Woman rankings. Working Mother named her quite possibly the Most Powerful Working Moms of 2013. In 2017, Brewer got the Spelman College Legacy of Leadership grant. Brewer was chosen for the debut 2021 Forbes 50 Over 50 rundown of business people, pioneers, researchers and makers who are beyond 50 years old. Soon after turning into the COO and Group President of Starbucks, the organization was met with cross country fights and negative exposure in view of the capture of two people of color at a Philadelphia store area. Accordingly, Brewer and her group executed arrangement changes and founded racial inclination preparing for workers in 8,000 stores.