Financial services firm Morgan Stanley has said its chief executive officer John J Mack is stepping down next year and will be replaced by co-president James Gorman.
On the day of Facebook's market debut, trading glitches by the Nasdaq postponed the start of trading in the company by 30 minutes.
Attributing to Morgan Stanley CEO James Gorman, the report by the Financial Times said that the company plans to boost its under-performing securities business by hiring several hundred traders over the next few years.
The list was topped by Oracle's Larry Ellison last year.
Olympic champion Leisel Jones and former world champion Geoff Huegill will lead a 52-strong Australian swimming contingent, including 31 debutants, in the Delhi Commonwealth Games this October.
8 CEOs on the list are female, and they far outpace the median pay for the Equilar 100 as a whole
Pacific Rim is possibly the best and the grandest belated gift a man can offer his childhood, writes Sukanya Verma.
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