Resignation | featured news

Singapore's first prime minister and founding father of the modern city-state, Minister Mentor Lee Kuan Yew, said he will leave the government cabinet to make way for a younger generation of leadership.

George J. Mitchell Jr. is leaving after two mostly futile years pressing Israelis and Palestinians to make peace, officials said Friday.

Sheila Bair, one of the most visible regulators who navigated the recent financial crisis, will leave the Federal Deposit Insurance Corp on July 8, the agency announced on Monday.

After what has been years of speculation, Viacom today announced that veteran Judy McGrath is resigning from her position as Chairman and CEO of its MTV Networks. McGrath, who had been at MTV almost from the beginning, starting as a copywriter at the music channel in 1981, was named Chairman and CEO of MTV Networks in July 2004 by then-Viacom co-president and co-COO (and McGrath mentor) Tom Freston to whom she reported. But after the abrupt firing of Freston in 2006, there was rampant speculation that she would leave too.

Saying he wants to spend more time with his family, Timothy Roemer expects to leave his post in New Delhi in June. There is speculation that the move is linked to India's decision to exclude 2 US companies from an $11-billion fighter-jet deal.

According to a top Yemeni official, Ali Abdullah Saleh would cede authority if certain conditions are met, including immunity for himself and his family.

Embattled Republican Sen. John Ensign of Nevada announced Thursday that he will resign amid an ongoing ethics investigation, a move that could spare him from the continued embarrassment of the closely watched probe....

PG&E said its chief executive will retire at the end of the month and it is conducting a search for a successor, a surprise change at a utility rocked by a series of setbacks. Peter Darbee, PG&E's chairman and chief executive, was brought in in 1999 as an outsider who would bring fresh ideas, but appears to have been felled by inattention to the bread-and-butter basics of the utility business: providing safe and reliable service to customers.

The head of the FAA's air traffic control unit resigned Thursday after a fifth controller was caught dozing while working the graveyard shift, officials said. "Hank Krakowski has submitted his resignation, and I have accepted it," said Randy Babbit, chief administrator for the Federal Aviation Administration.

The sudden departure of Cathleen P. Black was nearly as surprising as her appointment last fall. Deputy Mayor Dennis M. Walcott will replace her.