Tag Archive 'CEO'

Apr 26 2008

Profile Image of Alok Vats
Alok Vats

Rift in ICC: Malcolm Speed asked to go on leave!

Filed under Sports

Malcolm SpeedInternational Cricket Council on Friday asked the chief Executive Malcolm Speed to go on paid leave from April 30 till July following rumors of his reported rift with President Ray Mali.

“The ICC president, Ray Mali, and the CEO Speed have agreed that Malcolm Speed will be on paid leave from April 30 until the end of his contract term on July 4 2008,” an ICC statement from its president-elect David Morgan said.

According to Morgan, “This … is the result of a fundamental breakdown in the relationship between the CEO and a number of board members, including the President, over a variety of issues that include Zimbabwe.”

David Richardson, the ICC General Manager will be the interim CEO until Speed`s replacement while Haroon Lorgat will assume the role of full time CEO at the ICC`s annual conference at the beginning of July.

Speed has served as the ICC`s CEO since July 2001 and is only the second person to have filled the role in the organization`s 99-year history. He succeeded David Richards, who was CEO from 1993 to 2001.

Speed was also involved in some strained issues involving India when he criticized the track prepared for the third and final cricket Test between India and South Africa at the Green Park stadium in Kanpur. He had sought an explanation from the BCCI and made his relations sour with some top officials of BCCI regarding the issue.

No further comments on this issue are expected from ICC till the ICC president-elect David Morgan addresses a press conference on Saturday.

Australian cricket player Shane Warne has now retired to be the new face of 888.com. Visit here to see if his cricket skills match his poker skills!

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Mar 15 2008

Profile Image of Alok Vats
Alok Vats

CEO Vikram Pandit got $216 mn for Citi job!

Filed under Careers

India-born Vikram Pandit gets nearly $216 million for his job as chief executive officer (CEO) of the world’s largest bank, Citi Group.

According to The New York Times, Vikram Pandit received about $165.2 million in connection with the sale of Old Lane Partners, the investment firm Citigroup bought last April for as much as $800 million.

Pandit received an additional $2.7 million in annual pay in the roughly six months he led Citigroup’s investment bank and alternative investments group.

The details of his pay and other top executives were found in Citigroup’s proxy statement released on Thursday.

And in January, Mr Pandit was given a sign-on grant of stock and performance-based options worth over $48 million, though the options currently no cash value. That brings the total to at least $216 million.

Mr. Pandit’s 2007 pay package is small for managing a bank of Citigroup’s complexity and size. But it does show awareness over the amounts he received from a sign-on award and bank’s acquisition of Old Lane. Of the $165.2 million, he will reinvest the after-tax proceeds of $100 million in an Old Lane fund until at least July 2011.

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Mar 12 2008

Profile Image of Alok Vats
Alok Vats

17 Indians in Young Global Leaders list!

Filed under Business

World Economic Forum (WEF) included 17 Indians in its list of Young Global Leaders for 2008. The list of 245 leading executives, public figures and intellectuals from all over the world also included Indian young leader’s name like Wadia Group chairman Jeh Wadia, SKS Microfinance CEO Vikram Akula, Bhatia Enterprises chairman Sabeer Bhatia, music composer A R Rahman and sitar player Anoushka Shankar.

The Indians included in the list are:

• Vikram K Akula, CEO, SKS Microfinance
• Sabeer Bhatia, chairman, Bhatia Enterprises
• Anurag Behar, MD, Wipro [Get Quote] Infrastructure Engineering Ltd
• Barkha Dutt, senior editor, NDTV
• Suhas Gopinath, CEO, Globals ITeS
• C V Madhukar, director, PRS Legislative Research
• Sandeep Parekh, executive director, SEBI
• Sachin Pilot, Member of Parliament
• Meher Pudumjee, chairperson, Thermax Limited
• Ratul Puri, executive director, Moser Baer India Ltd
• Allah Rakha Rahman, music composer
• Trilochan Sastry, founder, Association for Democratic Reform Centre for Collective Development
• Anoushka Shankar, musician, sitar player
• Pooja Shetty, director, Adlabs Films
• Joseph Sigelman, founder, PetroTiger
• Pia Singh, managing director, DLF Universal Retail
• Jeh Wadia, chairman, Wadia Group

Each year WEF conducts a survey to recognise and acknowledge the top 200-300 young leaders all aged 40 or younger from around the world for their professional accomplishments, commitment to society and potential to contribute to shaping the future of the world.

The list is filtered from the pool of 5,000 nominations from 65 countries by a selection committee chaired by Queen Rania Al Abdullah of the Hashemite Kingdom of Jordan. The committee also includes 31 eminent international media leaders, including Thomas H Glocer, chief executive officer, Reuters, UK; Arthur Sulzberger, chairman and publisher, The New York Times, USA; Robert Thomson, publisher, Dow Jones & Company and The Wall Street Journal, USA; and Hisashi Hieda, chairman and chief executive officer, Fuji Television Network, Japan.

The current Young Global Leaders for 2008 include 121 business leaders, as well as leaders from government, academic, the media and society from 60 countries. The new class represents all regions, including East Asia (64), Europe (58), the Middle East and North Africa (12), North America (45), South Asia (24), sub-Saharan Africa (21) and Latin America (21).

“The World Economic Forum is a true multi-stakeholder community of global decision-makers. We need the Young Global Leaders to be a voice for the future in the global thought process and as a catalyst for initiatives in the global public interest,” said Klaus Schwab, founder and executive chairman of the World Economic Forum, in a statement.

“I feel greatly honored for having been selected as one of the Young Global Leaders, and I am very confident that through this platform every YGL will be highly instrumental in empowering the youth and will be successful in bringing in significant changes. It’s a great privilege for me to be associated with the prestigious World Economic Forum and I will make sure to use this opportunity to share my entrepreneurial spirit for reducing the unemployment of eligible youth in developing and underdeveloped nations,” said Suhas Gopinath, chief executive officer and president, Globals ITeS, India.

A few other young leaders includes Larry Page and Sergey Brin, co-founders of Google, USA; Crown Prince Haakon of Norway; Malvinder M Singh, chief executive officer and managing director, Ranbaxy Laboratories [Get Quote], India; Hiroshi Nakada, mayor of Yokohama, Japan; Nicky Newton-King, deputy chief executive officer, JSE, South Africa; Carlos Danel, co-chief executive officer, Banco Compartamos, Mexico; and Jack Ma Yun, chairman and chief executive officer, Alibaba Group, People’s Republic of China.

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