Ceo, Resignation | featured news

He set out to create a mini-Goldman Sachs. In the end, he built a mini-Lehman Brothers. Former New Jersey Gov. Jon Corzine's resignation Friday from the securities firm he led capped a week of high drama and swift failure. Less than a week ago, Corzine had expected to sell his firm, MF Global. By week's end, it had collapsed into bankruptcy. And Corzine had hired a criminal defense lawyer in the face of an investigation of the firm by the FBI and federal prosecutors.

The head of Swiss banking giant UBS Oswald J. Gruebel has resigned in the wake of a $2.3 billion loss in unauthorized trading, the bank announced Saturday.

Oswald Gruebel, the chief executive of UBS, has dismissed calls for his resignation as politically motivated, even as the Swiss banking giant raised its estimated loss by a rogue trader to $2.3 billion.

Silicon Valley legend Steve Jobs on Wednesday resigned as chief executive of Apple Inc in a stunning move at the technology giant he co-founded in a garage.

Rebekah Brooks has resigned as chief executive of Rupert Murdoch's embattled British newspapers. She is the biggest casualty so far in the phone hacking scandal at a Sunday British tabloid.

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.

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.

RealNetworks (RNWK) this afternoon announced that CEO Robert Kimball has resigned. He’ll be replaced on an interim based by EVP Mike Lunsford; a search for a permanent replacement is underway. Kimball had held the top job since January 2010.

NPR president and CEO Vivian Schiller has resigned in the wake of comments by a fellow executive that angered conservatives and renewed calls to end federal funding for public broadcasting.

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.