Bausch CEO resigns amid struggling results

Article Abstract:

Bausch and Lomb Inc.'s chief executive, William M. Carpenter, resigned from his post for "personal reasons." The company has been struggling as a result of strong competition.

Executive changes & profiles, Ophthalmic goods, Ophthalmic Goods Manufacturing, Officials and employees, Appointments, resignations and dismissals, Eyewear industry, Bausch & Lomb Inc., BOL, Carpenter, William M.

---

U.S. mutual-fund scandal widens: Massachusetts files suit against Franklin resources, cites 'sticky asset' deal

Article Abstract:

The mutual-fund concern Franklin Resources Inc. was charged with a civil fraud case by the Massachusetts regulators, claiming that senior executives approved a secret deal with a wealthy Las Vegas investor that enabled him to trade rapidly in one of the company's funds at the expense of rank-and-file customers. The details of the case and the proceedings thereof, are mentioned.

Management investment, open-end, Discipline, Securities fraud, Mutual fund industry, Franklin Resources Inc., BEN

---

Riding better IBM performance, Gerstner gets big increase in pay

Article Abstract:

Louis V. Gerstner Jr., the chief executive officer of International Business Machines Corp.(IBM), received a salary and bonus totaling $9,375,000 for the 1998 year. This translated into a 56% rise from 1997. The increase in Mr. Gerstner's salary and bonus came amidst IBM's rising share value and its comprehensive performance turnaround. IBM also estimated that it spent $575 million between 1997 and 1999 to deal with Year 2000 computer problems.

Comment:

CEO Louis V. Gerstner Jr. receives salary and bonus totaling $9,375,000 for 1998

Computer and Office Equipment, Office & Computing Machines, Management development, Office equipment, Office equipment and supplies industry, Office equipment industry, International Business Machines Corp., IBM, Compensation and benefits, Abstract, Gerstner, Jr., Louis V.

Similar abstracts:

• Abstracts: Alitalia loses its final suitor, while Iberia might gain another: Air France-KLM plays key role in shakeout; Italy's auction problem
• Abstracts: Swissair reports first-half loss, plans to sell assets and cut jobs
• Abstracts: Slump in Marconi's sales raises questions about its survival. Analysts grow bearish about Marconi's future
• Abstracts: Today's rush to collect private information online is about to create a mega-backlash. The problem with big technology visions
• Abstracts: Bitter legal standoff continues over casino in Manila; Philippine Supreme Court is embroiled in Mondragon, Clark Development dispute

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.