Robert Rubin on the job he never wanted

Quicklink submitted by Sheila Samples     Permalink
Related Topic(s): ; ; , Add Tags

View Ratings | Rate It

Become a Fan
  (40 fans)
On Sunday, Nov. 4, the same day Rubin reluctantly moved from the job of chairman of the executive committee to chairman of the board, the company announced the startling news that it had $55 billion of collateralized debt obligations (CDOs) and other subprime-related securities on its balance sheet and that large write-offs of an estimated $8 billion to $11 billion were imminent.

Read the rest of the story HERE:


- Advertisement -
- Advertisement -



The time limit for entering new comments on this Quicklink has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
No comments