Morgan Stanley added Caterpillar Inc. Chairman James Owens to its board of directors, the Wall Street bank said on Monday.
The addition of Owens, 64, brings Morgan Stanley’s board to 13 members. Get the full story »
Filed under: Chicago executives
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Oct. 25, 2010 at 11:13 a.m.
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Filed under: Chicago executives, Manufacturing, Personnel moves Morgan Stanley adds Caterpillar’s Owens to board
Walgreen Co. executive vows to fight DUI charge
By Brian Cox, Special to the Tribune | The lawyer for a Walgreen Co. executive charged with DUI for the second time in 13 months said today he’s sure his client will be cleared. Get the full story »
LaNeve takes on more duties in Allstate shakeup
Less than a year after taking the chief marketing job at Allstate Corp., Mark LaNeve is taking on a greater role at the Northbrook-based home and auto insurer.
As part of a leadership shakeup, the former General Motors Corp. sales executive will also oversee Allstate’s agency sales operations, in addition to his current role in marketing. The combined marketing and sale unit will report to both Chief Executive Tom Wilson and to Joe Lacher, president of Allstate Protection. Get the full story »
Oct. 21, 2010 at 11:55 a.m.
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Filed under: Banking, Chicago executives, Earnings, Mortgages, Real estate Cole Taylor parent makes first profit in 3 years
Mark Hoppe said it has taken more than 990 days, but the chief executive of Taylor Capital Group Inc. said the parent of Cole Taylor Bank has finally turned a quarterly profit.
“Wow, that feels good,” Hoppe, who joined the Chicago-based company from LaSalle Bank in 2008, told analysts during a conference call Thursday morning to discuss third quarter earnings.
But he said he’s “not standing on an aircraft carrier like George W. Bush did.” Get the full story »
Tribune CEO poised to resign
By Michael Oneal, Steve Mills and Stacy St. Clair | Randy Michaels, Tribune Co.’s embattled chief executive, has decided to resign his post at the Chicago-based media company and intends to leave the company before the end of the week, sources close to the situation said.
He will be replaced by a four-member office of the president that the sources said would comprise Eddy Hartenstein, president and publisher of the Los Angeles Times; Tony Hunter, president and publisher of the Chicago Tribune Media Group; Nils Larsen, Tribune Co.’s chief investment officer; and Don Liebentritt, chief restructuring officer.
Sun-Times’ Tyree diagnosed with stomach cancer
James Tyree, the Mesirow Financial chief executive who nearly four years ago had a kidney and pancreas transplant, has been diagnosed with stomach cancer.
Tyree said he doesn’t know the stage of the cancer yet.
“I’ll find that out over the next few days,” he told the Tribune in a phone interview from his office, where he continues to work every day. “They did more tests to find out if it has spread anywhere else,” he said, noting that it’s currently in his stomach and one lymph node. Get the full story »
DuPree leaves WBBM to reunite with Ebert
Don DuPree, who was hired by WBBM-Ch. 2 15 months ago as assistant news director, is leaving the station after next month’s elections. DuPree is the former director of “Siskel & Ebert” and executive producer of “Ebert & Roeper and the Movies.”
Oct. 19, 2010 at 3:18 p.m.
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Filed under: Chicago executives, Investigations, Law firms, Litigation Chicago lawyer pleads guilty to tax shelter fraud
From Bloomberg | Chicago attorney Erwin Mayer has pleaded guilty to conspiracy and tax evasion charges for his role in a billion-dollar phony tax-shelter scheme that brought down his law firm in 2007.
Oct. 19, 2010 at 2:05 p.m.
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Filed under: Bankruptcy, Chicago executives, Media, Newspapers Tribune CEO Randy Michaels: I have not resigned
By Michael Oneal and Stacy St. Clair | Randy Michaels, the embattled chief executive of bankrupt Tribune Co., said Tuesday he did not resign from the company despite expectations that he might step down from his post or be asked to leave it at a board meeting Tuesday.
“I work here today and I’m still working,” he said on his way to lunch with Chief Operating Officer Gerry Spector.
The board of the Chicago-based media company met at Tribune Tower in Chicago Tuesday amid a swirl of controversy over disclosures of sexist and boorish behavior among Michaels and his hand-picked team of executives. Get the full story »
Tribune board to weigh CEO Randy Michaels’ fate
Randy Michaels, second from left, listening to Sam Zell's press conference after he took over the Tribune Co. in 2007. (Chicago Tribune / Jose More)
By Michael Oneal and Phil Rosenthal | Tribune Co.’s board is preparing for the possible departure of embattled Chief Executive Randy Michaels, sources close to the situation said, and will explore his fate at a board meeting expected to begin about 9 a.m.Tuesday.
The sources said it was probable the board would conclude that Michaels has been too tarnished by the recent resignation of Lee Abrams, one of his top lieutenants, as well as a critical front-page New York Times story, to continue his tenure.
One source said Michaels was exploring resigning from the company and may present his decision to the board as soon as the Tuesday meeting in Chicago. The source said the board has discussed succession issues and a separation agreement for Michaels. Get the full story>>
Oct. 18, 2010 at 5:26 p.m.
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Filed under: Computers, Consumer electronics, Personnel moves, Software, Technology Microsoft’s successor to Bill Gates to retire
Microsoft Corp said on Monday that chief software architect Ray Ozzie, the man who took over that role from co-founder Bill Gates, would retire and not be replaced.
The move signals a new phase in Microsoft’s shift toward cloud computing, which Ozzie championed, and cements control of the company’s direction under Chief Executive Steve Ballmer. Get the full story »
Walgreens CFO charged for 2nd time with DUI
Wade Miquelon. (Walgreen Co.)
Walgreen Co. Chief Financial Officer Wade Miquelon was arrested on suspicion of drunken driving last month, his second such arrest in a little more than a year, according to court records.
Miquelon, 45, of Winnetka, was stopped in a Jeep at 10:03 p.m. Sept. 25 in the 200 block of Sheridan Road in Kenilworth. Police ticketed him for having a tail light out, driving with a suspended license and driving under the influence.
Get the full story »
Oct. 18, 2010 at 10:56 a.m.
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Filed under: Chicago executives, Investing, Retail, Stock activity J.C. Penney adopts rights plan to thwart Ackman
J.C. Penney’s board approved a “poison pill” designed to fend off potential takeover threats after hedge fund manager William Ackman acquired one-sixth of the retailer. The company’s shares fell 3 percent on the news. Get the full story »
Oct. 18, 2010 at 7:38 a.m.
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Filed under: Chicago executives, Education, Housing, Real estate New Kellogg dean buys $885K Evanston home
ELITE STREET | By Bob Goldsborough | Sally Blount, Northwestern University’s Kellogg School of Management’s new dean, has paid $885,000 for a six-bedroom brick Georgian-style house in Evanston. Blount joined Kellogg in July after serving as a dean at New York University. Get the full story »
