George Canellos, 48, has one of the Securities and Exchange Commission’s top jobs. The SEC’s new chairman, Mary Jo White, appointed him as co-director of the enforcement division, along with Andrew Ceresney, a former partner of White’s at Debevoise & Plimpton. Their job is to oversee 1,200 investigators, accountants and lawyers who try to root out corruption on Wall Street. Canellos should be above reproach.
General Electric Co. Chief Executive Officer Jeffrey Immelt tried to sell off the company’s appliance and lighting businesses in 2008, only to have the effort derailed by the financial crisis. Now Chip Blankenship has the job of proving the division was worth keeping.
The Chronicle of Higher Education tells us the median salary of public university presidents rose 4.7 percent in 2011-12 to more than $440,000 a year. This increase vastly outpaced the rate of inflation, as well as the earnings of the typical worker in the U.S. economy. Perhaps, most relevant for this community, it also surpassed the compensation growth for university professors.
Notre Dame’s Mendoza College of Business holds the top spot in Bloomberg Businessweek’s ranking of undergraduate business schools for a fourth year, as students lauded its curriculum, liberal arts bent and focus on ethics.
State prosecutors portrayed former University of Virginia lacrosse player George W. Huguely V as a violent man whose actions caused the death of Yeardley Love, a 22-year-old UVA student and the defendant’s ex-girlfriend.