Reports: Head of rating agency Standard & Poor’s stepping down, to leave company at year’s end

[alp227]

Source: Associated Press

NEW YORK — Published reports say the president of Standard & Poor’s is stepping down, a decision coming only weeks after the rating agency’s unprecedented move to strip the United States of its AAA credit rating.

The Financial Times and The Wall Street Journal are reporting that Deven Sharma will stay on as an adviser to S&P’s parent company, McGraw-Hill Cos., until the end of the year.

The reports, citing people familiar with the matter, say Sharma’s move was in the works well before S&P downgraded its rating on the U.S. to AA-plus on Aug. 5.

Read more: http://www.washingtonpost.com/business/reports-head-of-rating-agency-standard-and-poors-stepping-down-to-leave-company-at-years-end/2011/08/22/gIQAN5VbXJ_story.html

[CreekDog]

1. oh, i'm sure the threat of poverty, homelessness and lack of medical care looms over him now

oh wait.

that's almost everyone else, but he'll be fine. :eyes:

[Marie Marie]

2. Well, buh-bye then!! Screw the country then split. A-hole!

[Amonester]

7. Rn't they all the $ame?

Me still wonder where kenny-boy's island could be floating...

[galileoreloaded]

3. ...to be replaced by Shittibank's COO.... Tripple A here we come!

Nothing like half a story!

[avaistheone1]

5. Shittibank?

Perfect! lol

[ClarkUSA]

4. The English Literature major? I'm sure the Koch Bros. will reward him handsomely.

Maybe he can edit Romney's economic team's white papers.

[avaistheone1]

6. Just a big ol coinkydink...

Sure. :crazy:

[Bozita]

8. I've got a better idea...

[glinda]

9. "Seven Dharma" if you flip the two front letters. NOT!

Especially since there are only "Six Principles" in Dharma.

[glinda]

10. And he attended past Bilderberger conferences.

[cutlassmama]

11. oh, what a big surprise! I'd laugh if it wasn't so painful.

[cosmicone]

12. Six in Buddhism, Seven in Hinduism ...

and .... they are not principles but qualities or attributes :)

[cyberpj]

13. I wonder how big his reward, er, parachute will be. nt

[UTUSN]

14. K&R #12 n/t