Freddie Mac said Bruce Witherell left for "personal reasons" and that his departure was effective immediately.
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Microsoft tapped company veteran Satya Nadella to lead its big server and tools business, highlighting the technology giant's confidence in its executive bench.
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Ally Financial CEO Michael A. Carpenter talks about repaying bailout funds and the position of General Motors in the lending landscape.
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The search for a new chief executive of Del Monte Foods Co. may not end before the likely completion of its private-equity buyout, a person familiar with the situation said.
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General Motors is planning to pay its hourly workers in the U.S. at least $3,000 each under a profit-sharing provision in its UAW contract.
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The FDIC board has proposed a draft rule that would force the nation's biggest financial firms to hold on to at least half the bonuses paid to top executives for three or more years.
Some of the biggest law firms are paying outsize salaries to star attorneys, in some cases 10 times what they give other partners, in a strategy that is stretching compensation gaps and testing morale at firms.
Deutsche Bank CEO Josef Ackermann has come under criticism for joking that more women on the bank's all-male executive board would make it "more colorful and prettier too."
Several senior Nokia officials serving on the company's group executive board are expected to leave soon as part of a major shake-up being considered by the Finnish phone giant's new chief executive.
Companies are starting to hire again, but finding highly qualified applicants for more technical positions is proving a challenge for some firms.
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Aveon Group believes that if it wraps some smaller money managers together, it can compete.
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U.S. regulators will propose that large financial firms hang on to at least half of the bonuses paid to top executives for at least three years, part of new rules aimed at discouraging high levels of Wall Street pay.
Steve Eckhaus is the lawyer to the overpaid and politically radioactive stars of Wall Street. Some friends blame him for the financial crisis. He fires back.
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Apple should disclose its succession plans for CEO Steve Jobs, influential proxy advisory firm ISS said in a report backing a shareholder proposal.
Nearly a year after taking over as chief executive, Jon Corzine is set to announce a series of moves that could turn the firm into a mini-Goldman.
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Investment firm Elliott Advisors called for a boardroom overhaul at Actelion, launching a battle that could lead to the sale of Europe's largest biotech company.
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Bank of America Chief Executive Brian Moynihan shook up his mortgage team Friday by tapping adviser Terry Laughlin to run a new unit tasked with cleaning up the bank's mortgage mess.
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The new leaders of the world's two biggest drug companies made divergent choices this week in balancing the billions of dollars they spend on drug research against pressure to deliver better returns for investors.
Compensation and benefits at publicly traded banks and securities firms rose 5.7% from 2009, according to a Journal analysis. An increasing portion reflects deferred compensation.
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After IAC shed the company he founded in 2008, Doug Lebda struggled to make LendingTree and its parent Tree.com profitable again. A look at his strategy.
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Gap is expected to name Art Peck, its head of outlets, to lead its namesake division in North America, succeeding Marka Hansen.
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Pfizer said it will significantly cut research spending and shift billions of dollars to buying back stock, as the drug maker deals with the expected revenue decline in coming years from generic competition.
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Procter & Gamble plans to reorganize some of its reporting channels with the retirement of Robert Steele, currently vice chairman of its giant global health and well-being unit.
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The fate of Chrysler rests with the Italian-born Sergio Marchionne and his attention to detail—an approach that helped him save Fiat from the brink of collapse a few years ago.
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As the economic recovery gathers steam, Louis Chênevert, the 53-year-old chairman and chief executive of United Technologies, is pursuing growth in emerging markets such as China and India.
'Dilbert' creator Scott Adams fielded reader ideas in a live chat about how to encourage rich people to step up and pay more for the rest of us to ease the government's fiscal dilemma. Replay the event.
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After two years of going without bonuses in the wake of the financial crisis, the chief executives of the U.K.'s biggest banks are signaling they will take payouts this year.
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Cash-strapped Borders Group said Sunday that it will delay January payments to vendors, landlords and others, as indications grow that the bookstore chain could be headed for bankruptcy court.
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PepsiCo is revamping an online charitable giving program created to boost its corporate image and sales of its flagship cola but marred by complaints of vote-rigging and other irregularities.
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The battle for control of Stanley Ho's Macau casino fortune took another turn with conflicting statements about the billionaire's wishes, raising questions over Ho's real intentions and mental status.
Standard Pacific CEO Ken Campbell's strategy appears to be the opposite of what most builders are doing: He's focusing on bigger homes, and buying up land.
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Morgan Stanley CEO James Gorman is known for his optimism. After a year on the job, it is being tested.
In the wake of the recession, more chief financial officers are expanding their role beyond the finance department.
Harvard Business School is changing its curriculum, but whether it can reform 'elitist' business-school culture remains to be seen.
The University of Pennsylvania's Wharton School is encouraging its graduates to explore new places in the world—literally.
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