The SEC seeks disgorging of the alleged benefit, an injunction against repetition and an order barring Hertz from acting as a public-company officer.
The SEC asked Rakoff to approve relatively light penalties for two low-level executives in exchange for their cooperation in prosecuting the Vitesse CEO and another senior company officer.
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It also says the three ignored the warnings of a company risk officer that the underwriting practices and marketing strategy of matching competitors' offers to subprime and option loan borrowers was substantially increasing risk in the portfolios.
Bloomberg, 59, who own's three-quarters of his privately held company, stepped down as chairman of the board but will remain the company's chief executive officer, said company spokeswoman Chris Taylor.
He was initially the Chief Financial Officer (CFO) of the company's German mobile subsidiary, later assuming the role of Chief Executive Officer before becoming the Chief Sales and Service Officer of the company's European mobile operations.
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Meanwhile, in an SEC yesterday afternoon, the company announced that chief sales officer Richard Singh left the company effective October 12. (Taking the fall, perhaps?) The sale organization on an interim basis will report to CEO Ralph Schmitt.
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The wholly owned Tasiast gold deposit, acquired by Kinross from Red Back Mining Inc. in 2010, is considered a world-class deposit that Paul Rollinson, company chief executive officer, is firmly backing despite the hit.
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Fisker, an expert in design, founded the company with Bernhard Koehler, current chief operating officer of the company.
To right the company, William Stavropoulos returned to his former post as chief executive in 2002, with his chief operating officer, company lifer Andrew Liveris, succeeding him in 2004.
Even though you've left the company, you still are locked off the way an officer of the company, so he's got a problem there.
Today, the company's chief financial officer, Erin Callan offered a lot of details about the company's financial picture during a conference call.
After several meeting with the founder, he agrees to stay with the company as chief technology officer (CTO).
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Coach on Thursday appointed him president of the company and chief commercial officer, and named him to the board.
Rite Aid Chief Executive MarySammonsMary Sammons handed over the reigns of the company to Chief Operating Officer JohnStandleyJohn Standleyas planned on Wednesday.
Harman ran the company as chief executive officer until 2008, stepping down after the 2007 credit crunch aborted a sale to KKR and Goldman Sachs.
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Separately, the company said Chief Accounting Officer David M.
The only other serious contender at the moment for the News Corp. throne is president and chief operating officer Chase Carey who rejoined the company last year after serving as chief executive officer of DirecTV for six years.
The company also said Pete Bocian, EVP and chief administrative officer, is leaving the company effective immediately.
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Investors cheered as Dolan predicted 28% earnings growth for 2003, Chief Financial Officer Andrew Bonfield assured that the company's numbers are solid and new Chief Scientific Officer James Palmer outlined a pipeline of drugs that might allow Bristol (nyse: BMY - news - people ) to weather another round of patent expirations.
Charles Chao has served as a director and the Company's Chief Executive Officer since May 2006.
"We over-anticipated the demand for the holiday season, " said William Lynch, the company's chief executive officer.
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The company's chief fire officer, George Farquhar, said winter months were a challenge for Hial.
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With Mr. Rabois's departure, Ms. Friar will be acting chief operating officer, the company said.
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"Incandescent lights focus on ambers and reds, " says the company's chief design officer, Rogier van der Heide.
The company lost its chief revenue officer in the spring, and the search for a replacement continues.
The company also announced Chief Financial Officer Maury Austin will be stepping down.
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The mood might best be described by Randall Weisenburger, the chief financial officer at advertising company Omnicom Group Inc.
Mr. Bisgay has been Chief Financial Officer of the Company since August 2007.
Bryan Draper, the company's chief executive officer, said they would not move away and risk losing out on local expertise.
Mike Lazaridis and Jim Balsillie were replaced at the helm of RIM by the company's chief operating officer Thorsten Heins.
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