Schwartz Signs OffAll we can say is: What a twit. Sun Microsystems ( JAVA) CEO Jonathan Schwartz, who took the top job in 2006, announced his resignation on Twitter late last week. And not just any old tweet, Schwartz let his followers know his plans to step down via the Japanese poetry form known as haiku. "Financial crisis, Stalled too many customers, CEO no more," wrote Schwartz.
Toyota's Latest LetdownPoor Toyota ( TM). The automaker has officially jumped from the faulty accelerator frying pan into an environmentally friendly fire. Yep, in case you have not heard -- or, perhaps, seen your neighbor's car parked in his living room -- Toyota announced this week it is
CIT's 'New' BossWill somebody please explain to us why Wall Street keeps recycling the same old tired -- and tainted -- executives? Can't these bailed-out, over-bonused boneheads find some new blood once in a while? For CIT Group ( CIT), the answer is no. The commercial lender, just months out of bankruptcy, has hired John Thain to be its new CEO. CIT tapped
Cell Therapeutics Needs TherapyCell Therapeutics ( CTIC) is giving its shareholders a major dose of shock therapy. U.S. drug reviewers questioned the