Stepping Down | featured news

Walt Disney Co Chief Executive Bob Iger will step down as CEO in March 2015 after nearly a decade at the helm, setting in motion a succession plan for the largest U.S. media and entertainment company.

Kenneth E. Melson, under fire in connection with the controversial Fast and Furious gun-trafficking investigation, announced Tuesday that he is stepping down as acting director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, several sources tell The Times.

Standard & Poor's president Deven Sharma steps down just weeks after the agency downgraded the US credit rating.

White House Counsel Bob Bauer is stepping down from his West Wing post, the Obama administration announced Thursday.

The executive editor of The New York Times is stepping down after eight years on the job. The Times announced Thursday that Bill Keller is leaving the post to return to writing. He will be replaced by Jill Abramson, formerly one of his top deputies.

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.

Blames foreign influences for revolt as top officials resign to protest government attacks on civilians; opposition seizes control in some areas.

Alibaba.com CEO David Wei resigned after an internal investigation found that more than 2,300 sellers on the e-commerce site were committing fraud, sometimes with the help of Alibaba.com sales staff.

Neil M. Barofsky, the special inspector general for the Troubled Asset Relief Program since December 2008, announced his resignation Monday and plans to step down from the job on March 30.

Hundreds of thousands of protesters screamed and cheered Friday as it was announced that President Hosni Mubarak was stepping down.