Showing posts with label CEOs. Show all posts
Showing posts with label CEOs. Show all posts

Tuesday, May 1, 2012

Top 30 Outstanding Women in Finance in America



1. Julie L. Scammahorn
SVP & General Auditor
American Express
Since joining the credit card company in 2008, Scammahorn has built a best-in-class internal audit group and assembled dedicated risk, consumer compliance, Basel II and technology audit teams. She has also extended the audit committee’s focus to include both audit and risk.

2. Jann Brown
Finance Director & Managing Director
Cairn Energy
As head of finance at the U.K.-based oil and gas production company, Brown played a key role in managing its interests in India. Her appointment last year as managing director recognized her broader responsibilities, such as HR, environmental and social responsibility

3. Cheryl Scully
Treasurer & VP, Investor Relations
AutoNation
At AutoNation, the largest car retailer in the U.S., with franchises in 15 states, Scully recently negotiated the refinancing of the company’s $1.7 billion credit facility. She also led efforts that won the company an upgrade to an investment-grade rating from Standard & Poor’s.

4. Brooks McCorcle
SVP, Investor Relations
AT&T
Last year, McCorcle enhanced AT&T’s targeting program for both U.S. and international investors, a process that involved more than 1,300 meetings globally. And through her work with investors, she insured the company’s transition to a new CFO, John Stephens, went smoothly.

5.
Zarin Patel

CFO
BBC
Patel, finance chief for the U.K. broadcasting company since 2004, played a key role in its negotiations with the U.K. government last year over funding the broadcaster receives from license fees. She also led the reform of the BBC’s pension strategy and oversees its effort to cut costs by 20% by 2017.

6. Sally Curley
SVP, Investor Relations
Cardinal Health
Curley was involved in Cardinal’s $4 billion spinoff of its CareFusion medical products business in 2009. She also gathered data from investors that contributed to its capital deployment strategy after the spinoff, a plan that included a significant dividend increase.

7. Tracey Brazier
Cash & Treasury Services Manager, EMEA
Cargill
In her career at Cargill, Brazier has worked as a senior cash management executive on many company acquisitions and implementations of internal systems. Most recently, she led a project to implement SWIFT across four of the company’s banks in six countries.

8. Karen Roebuck
Controller
Bunge Limited
Roebuck has worked to build common processes and culture through Bunge’s global accounting and control organizations. She led a project to reduce finance transaction costs and use the savings for more analysis, and continues to focus on bolstering efficiency and data quality.

9. Adena Friedman
CFO & Managing Director
Carlyle Group
As finance chief for the private equity firm, Friedman has refinanced its $500 million term loan and increased the capacity of its revolver from $150 million to $750 million. And then, of course, there’s the IPO Carlyle is preparing to do this year.

10. Yvonne McGill
CFO, Global Public & Large Enterprise Group, & VP
Dell
McGill led the consolidation of Dell’s public and large enterprise segments, which together generated 57% of its revenue last year, and now serves as CFO of the combined unit. She was also responsible for the financial aspects of Dell’s go-to-market and sales transformation.

11. Robin Washington
CFO & SVP
Gilead Sciences
As finance chief since 2008, Washington has presided over a period of significant revenue growth for the biotech company. She played a key role in its strategic use of cash, as well as in the financing for Gilead’s recently announced purchase of Pharmasset.

12. Niharika Taskar Ramdev
CFO, Global Purchasing & Supply Chain
General Motors
As CFO of GM’s purchasing group, Ramdev aims to optimize spending on its largest cost—materials and logistics. Earlier, as assistant treasurer from 2008 to 2011, she was involved in establishing GM’s $5 billion secured revolver and played a key role in the company’s restructuring and $23 billion IPO.

13. Eliane Okamura
Treasurer, South American Operations
Ford Motor
Okamura oversees the automaker’s treasury operations in Brazil, Argentina, Chile and Venezuela. Earlier, as treasurer for Ford Brazil, she led an effort to strengthen its balance sheet and increased funding for Ford Credit, a critical part of coping with the credit crisis.

14.
Sarah-Jane Chilver-Stainer

SVP & Group Treasurer
GlaxoSmithKline
Chilver-Stainer runs a centralized treasury with responsibility for operations in more than 100 countries for the London pharmaceutical giant, overseeing a $23 billion debt portfolio and $9.5 billion in investments. She also set up an in-house bank to facilitate internal cash flows.

15. Laura Thompson
VP of Finance, North American Tire
Goodyear Tire & Rubber
Thompson directs finance for the tire company’s biggest business unit, with annual sales of more than $8 billion. Thompson, who previously served as vice president of business development, is also the executive in charge of developing Goodyear’s new headquarters in Akron, Ohio.

16. Nanette DeTurk
CFO, CAO, Treasurer & EVP
Highmark
As CFO since 2006 for Highmark, a nonprofit health insurer in Pennsylvania, DeTurk is working to integrate the company’s portfolio and liquidity needs with long-term corporate strategy. She also led recent changes to Highmark’s corporate risk management process.

17. Anne Madden
VP, Corporate Development & Global Head of M&A
Honeywell International
Under Madden’s leadership, Honeywell has completed more than 70 acquisitions that it credits with adding $8 billion in incremental revenues over the last decade. Madden has also led divestitures that helped the company focus on its core businesses and revamped M&A processes.

18. Diane Ford
Controller & VP
Integrys Energy Group
M&A activity has been a focus for Ford. When Integrys was formed in 2007 by the merger of Wisconsin Public Service and People’s Energy, Ford, as controller of Wisconsin Public Service, worked to integrate the two organizations’ finance and accounting teams.

19.
Ellen Johnson

Treasurer & SVP
Interpublic Group
Johnson led the advertising and marketing conglomerate’s efforts to strengthen its balance sheet, a move that resulted in its attaining investment-grade ratings recently for the first time since 2005. She negotiated the private sale of about half of the company’s stake in Facebook and developed a framework for returning value to shareholders.

20. Kimberly Dang
CFO & VP
Kinder Morgan
Dang, CFO for the pipeline company since 2005, is currently working on Kinder Morgan’s acquisition of El Paso Corp., the biggest M&A deal of 2011. The acquisition will create the fourth-largest energy company in North America. Dang also played a key role in the company’s IPO last year, which raised $3.3 billion.

21. Karen Matusinec
Treasurer & SVP
McDonald’s
Matusinec served as vice president of the fast-food retailer’s tax department before she was named treasurer last year. She now oversees the areas of tax and insurance in addition to treasury. Matusinec focuses on ensuring access to capital as McDonald’s and its operators make investments to upgrade the restaurants.

22. Lisa Martin
SVP, Global Procurement & Operations Finance
Pfizer
Martin oversees the development of sourcing strategies to make the most of the pharmaceutical company’s $20 billion in spending. Her oversight also includes real estate, facilities management, and corporate services such as fleet and the global travel program.

23. Annemarie Moore
Group Treasurer
Plan International
In her five years with the U.K.-based charity that aims to alleviate child poverty around the world, Moore led the restructuring of its banking arrangements in Africa and Asia and made changes in its foreign exchange practices that resulted in cost savings of about 1.5% of turnover.

24. Jo-Ann Longworth
CFO & SVP
Resolute Forest Products
Longworth signed on as finance chief at Montreal-based Resolute in the wake of its restructuring and emergence from bankruptcy. She has focused on restructuring its finance operations, extending and amending its $600 million credit facility, and making a tender offer for pulp manufacturer Fibrek.

25. Maureen O’Connell
CFO, CAO & EVP
Scholastic Corp.
Since signing on at the publishing company in 2007, O’Connell has made improvements in budgeting, forecasting and capital allocation processes. She also centralized supply chain, purchasing and manufacturing operations, reduced inventory and improved turn times at the company’s distribution centers.

26.
Linda G. Sullivan

CFO & SVP
Southern California Edison
Sullivan, the utility’s first female CFO in its 125-year history, heads a process to optimize its cost structure to better balance reliable power delivery and the rates paid by customers. She recently led a company-wide implementation of SAP, replacing more than 200 financial systems.

27. Sherry Smith
CFO & EVP
SUPERVALU
Since becoming CFO of the grocery chain in 2010, Smith has improved financial reporting, increased transparency and bolstered the company’s competitive position by cutting expenses, including a reduction of $175 million in fiscal 2011 and another reduction of $90 million in the first two quarters of fiscal 2012.

28. Gina Wilson
CFO & EVP
TIAA-CREF
Since joining the retirement provider for academics in 2010, Wilson has worked to streamline the company’s financial systems, develop activity-based costing methods and support investment in new products. She also heads TIAA-CREF’s Asset Liability Committee and guided its work through the European debt crisis.

29. Cathy Smith
CFO and SVP, Strategy
Walmart International
Smith heads finance and strategy for Walmart’s fastest-growing segment, encompassing more than 5,000 stores in 27 countries outside the U.S. Since her appointment in 2010, she has completed the Massmart acquisition in South Africa as well as some smaller acquisitions and implemented SAP in four countries.

30. Katherine Gill-Charest
Controller & SVP
Viacom
After Viacom was spun off from CBS Corp. in 2006, Gill-Charest worked to strengthen the finance group. She’s currently establishing centers of excellence for the international payroll and statutory reporting areas, part of the media company’s finance transformation efforts.

Click here for the full report.



Friday, December 9, 2011

Deloitte Predicts the Top 10 Technology Trends for 2012


2012 Tech Trends. Photo Credit: Deloitte.


8 Dec 2011 17:00 Africa/Lagos

Deloitte Predicts the Top 10 Technology Trends for 2012

Mobility, social, analytics, cloud and cyber represent five imminent technology forces for business innovation

PR Newswire

NEW YORK, Dec. 8, 2011

NEW YORK, Dec. 8, 2011 /PRNewswire/ -- Deloitte today announced the research findings from its 3rd annual "Tech Trends 2012" report, which identifies and predicts the top 10 emerging and disruptive technologies that are expected to play a crucial role in how businesses are anticipated to operate globally in 2012 and beyond.

"As we head into 2012, many CIOs are evaluating the various aspects of IT, looking ahead to the new technologies that can help them drive business growth in the years ahead," said Mark White, principal and chief technology officer, Deloitte Consulting LLP and co-author of the report. "Mobility, social, analytics, cloud and cyber are technology forces each impacting business today. The intersection of these represents an opportunity for new business technology value and innovation."

Deloitte's "Tech Trends 2012" distinguished the technologies in two categories: "(Re)emerging Enablers" and "Disruptive Deployments." (Re)emerging Enablers are five technologies that many CIOs have spent time, thought and resources on in the past, but deserve another look this year. Disruptive Deployments are five additional technologies that showcase new business models and transformative ways to operate. The 10 predicted technologies identified for 2012 are:

(Re)Emerging Enablers:

* Geo-spatial Visualization: Within the world of visualization, geospatial takes advantage of an explosion of geographical, location-aware data. Sources feeding this growth include new semi-structured data from mobile devices, geo-tagging of existing enterprise structured data and tapping into new streams of location-aware unstructured data.

* Digital Identities: The digital expression of identity is growing more complex every day. Digital identities should be unique, verifiable, able to be federated and non-repudiable. As individuals take a more active hand in managing their own digital identities, organizations are attempting to create single digital identities that retain the appropriate context across the range of credentials that an individual carries. Digital persona protection is becoming a strong area of cyber focus.

* Data Goes to Work: Organizations are finding ways to turn the explosion in size, volume and complexity of data into insight and value. This is occurring across structured and unstructured content from internal and external sources. This is expected to complement but not replace long-standing information management programs and investments in data warehouses, business intelligence suites, reporting platforms and relational database experience.

* Measured Innovation: CIOs can help facilitate the discovery of the next wave of true disruption -- and continuously improve the business of IT and the business of the business. Measured innovation offers an approach to managing both disciplines by providing a pragmatic way to identify, evaluate and launch potential innovations with a focus on aligning opportunities to areas that can fuel disruption and create measurable, attributable value.

* Outside-in Architecture: Flexibility in operating and business models is proving more important. As a result, need to share is colliding with need to know and shifting solution architectures away from a siloed, enterprise-out design pattern and into an outside-in approach to delivering business through rapidly evolving ecosystems.

Disruptive Deployments:

* Social Business: The emergence of boomers as digital natives and the rise of social media in daily life have paved the way for social business in the enterprise. This is leading organizations to apply social technologies on social networks, amplified by social media, to fundamentally reshape how business gets done. Some of the initial successful use cases are consumer-centric, but business value is available -- and should be realized -- across the enterprise.

* Hyper-hybrid Cloud: Cloud-based and cloud-aware integration offerings are expected to continue to evolve, and many organizations face a hybrid reality with a mix of on-premise solutions and multiple cloud offerings.

The challenge becomes integration, identity management and data translation between the core and multitenant public cloud offerings, and offering lightweight orchestration for processes traversing enterprise and cloud assets.

* Enterprise Mobility Unleashed: Mobility is helping many organizations rethink their business models. Consumer-facing mobile applications are only the beginning. With the explosion of mobile use cases, organizations should make sure solutions are enterprise class – secure, reliable, maintainable and integrated to critical back-off systems and data.

* Gamification: Serious gaming simulations and game mechanics such as leaderboards, achievements and skill-based learning are becoming embedded in day-to-day business processes, driving adoption, performance and engagement.

* User Empowerment: User engagement remains a key doctrine for enterprise IT with consumerization setting expectations for solutions built from the user-down, not the system-up. Compounding the need, IT is becoming increasingly democratized, with empowered end-users able to directly source solutions from the cloud or app stores -- on a mobile device and increasingly on the desktop.

"The next 12 months will see several technologies including the cloud, big data and mobility continue to grow, while a topic like gamification is just starting to emerge at the enterprise level," said Bill Briggs, director, Deloitte Consulting LLP and co-author of the report. "It will be important for CIOs to help lead their organizations in these areas, as they can redefine the role that IT plays within an organization and place them in a position to positively disrupt their operating models, business models, or even their industries."

About Deloitte Tech Trends
For the past three years, Deloitte's annual "Tech Trends" report has identified the 10 trends anticipated to have an impact for CIOs in the coming year and beyond. The predications are based on insights from Deloitte's technology subject matter specialists, input from some of its largest clients and discussions with industry analysts and alliance members. To subscribe to receive a digital copy of this year's complete report, please visit www.deloitte.com/us/techtrends2012.

As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

Contacts:

Marykate Reese

Sam Johnston

Public Relations

Hill & Knowlton

Deloitte

+ 1 212 885 0499

+ 1 203 257 0452

sam.johnston@hillandknowlton.com

mareese@deloitte.com

SOURCE Deloitte

Web Site: http://www.deloitte.com/us/about



Wednesday, November 4, 2009

Nigeria: Apex Bank Chief is Man of the Year


Nigeria: Apex Bank Chief is Man of the Year

Mr. Sanusi Lamido Sanusi, the fearless governor of the Central Bank of Nigeria (CBN) has been named the Man of the Year by Nigerians Report, the premier news blog of the most populous country in Africa.

Nigerians Report described Mr. Sanusi as “A ‘sanitary officer’ to bank on for cleansing the stench in our banking stables” and commended him for his laudable sanitization of the Nigerian banking industry; for having the conscience to do the right thing which his predecessor, Mr. Chukwuma Soludo failed to do, particularly the sacking of corrupt CEOs and executive directors of mismanaged banks.

Mr. Sanusi’s disclosures of the sharp practices by Nigerian banks rattled the general public, embarrassed the bankers and disgraced the celebrated billionaires as big debtors siphoning millions of dollars as loans to enrich themselves and many of the banks were rendered insolvent.

The erudite risk management expert is seen as a hatchet man by Nigerian banks, but his radical reforms have been hailed by the World Bank, International Monetary Fund (IMF) and other global financial bodies. Mr. Sanusi has a genuine and sanguine view of Nigerian financial institutions, forecasting that the Nigerian economy will be bigger than that of South Africa by 2012.



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Thursday, February 19, 2009

Optimism in U.S. and World Economies Fall to New 16-Year Low Among CEOs of Leading U.S. Private Companies

19 Feb 2009 17:19 Africa/Lagos

Optimism in U.S. and World Economies Fall to New 16-Year Low Among CEOs of Leading U.S. Private Companies

Domestic and International Sales Projections Slow as Concerns Over Demand, Profitability Increase

PricewaterhouseCoopers' Private Company Trendsetter Barometer tracks the business issues and standard industry practices of leading, privately-held U.S. businesses. It incorporates the views of 242 CEOs: 126 from companies in the product sector and 116 in the service sector, averaging $115.1 million in revenue/sales, and including large, $300M plus private companies.

NEW YORK, Feb. 19 /PRNewswire/ -- For the fourth consecutive quarter, optimism in the U.S. economy among CEOs of the nation's leading private companies set a new 16-year low, with only one in eight (12 percent) CEOs surveyed for PricewaterhouseCoopers' Private Company Trendsetter Barometer reporting a positive outlook on the U.S. economy over the next twelve months. Dropping five points from 3Q08's 17 percent, CEO optimism has continued a steady decline from 64 percent in 2Q07. The number of CEOs pessimistic about the U.S. economy over the next 12 months rose 13 points in 4Q08 to 54 percent, up from 24 percent during the same period in 2007.

Optimism in the world economy among international marketers continued to drop significantly, with only 10 percent of Trendsetter CEOs claiming they are optimistic about the global economy over the next 12 months, down nine points from the previous quarter and 45 points below last year's 55 percent. Indicative of this lowered optimism, only 30 percent of international marketers reported increased sales abroad, down 8 points from the prior quarter and 17 points from one year ago (47 percent). The number of international marketers reporting lower international sales in 4Q08 doubled to 16 percent; those reporting no change in 4Q08 stayed constant at 54 percent.

"Under this new economic reality, CEOs are shifting their focus to cost reduction to maintain gross margins and improve cash flow. However, it is very important to identify areas where the changes they make are sustainable once the economy recovers," says Ken Esch, partner with PricewaterhouseCoopers' Private Company Services practice. "Too often in a recession, companies institute across the board cost reduction rather than engaging in a review of cost drivers and their impact on the business. This could result in cuts to key areas that could drive future profitability. Private company CEOs in particular should actively forecast their financial performance, rather than working off historical budgets, to ensure they have a forward-looking view of how the changes they're making today will impact their business tomorrow."

Gross Margins Tighten, Prices Fall

Gross margins tightened considerably in 4Q08, with net 16 percent of private company CEOs reporting lower margins. This number is well below 3Q08's net three percent reporting lower margins and in stark contrast to net six percent reporting increased margins during the fourth quarter of 2007.

Despite a lower number of Trendsetter CEOs reporting higher costs (net nine percent, down from net 27 percent last quarter), the number of respondents citing lower prices rose to net five percent in 4Q08 (net eight percent reported higher prices in 3Q08). "While fewer CEOs reported higher costs in 4Q08, it's important they aren't lulled into a false sense of security in their margin numbers," adds Esch. "Most companies today are enjoying favorable pricing of commodities and transportation costs, but if that situation changes and companies haven't been paying close attention to their cost drivers, they could be in trouble if costs move upward in the months ahead."

Growth Projections Falter

In the face of low levels of optimism in the U.S. and global economies, respondents projected notably lower average revenue growth rates for their companies over the next 12 months, averaging 5.2 percent in 4Q08, down from 10.1 percent in 3Q08 and 15.5 percent last year. Similarly, 57 percent of Trendsetter CEOs are projecting revenue growth over the next 12 months, down 10 points from last quarter and down 30 points from 4Q07; just 25 percent of those companies forecasting growth are projecting a double-digit increase, a 13 point drop from last quarter's 38 percent.

International marketers remain ahead of their domestic-only peers in revenue growth projections for the next 12 months -- 6.1 percent vs. 4.5 percent -- but the gap narrowed this quarter, from a 3.8 point spread in 3Q08 to a 1.6 spread in 4Q08. "In 3Q08, we saw international companies' growth rate projections hold steady at around 12 percent. Although they cut their projections in half this quarter, it doesn't necessarily indicate they expect international sales to decline at the same rate," adds Esch. Note that those with sales in the emerging markets of China/India/Brazil reflect above average revenue growth (7.5 percent). "Another important reason for private companies to be more forward looking in their forecasts is to anticipate how slowing domestic sales will affect their global business. High-performing private companies continue to expand in the emerging markets to fuel their growth."

Capital Investments Continue at a Slower Pace

The number of Trendsetter CEOs planning major new investments of capital remained flat for the second quarter in a row (29 percent in 4Q08, down one point from 3Q08), however, average investment as a percent of sales continued to drop, falling to 7.4 percent, down from 3Q08 (8.2 percent) and last year (13.6 percent).

The number of respondents planning to increase spending also fell in 4Q08, down six points to 55 percent. Most notably, the percentage of companies planning to increase spending on research and development dropped three points to an all-time low of nine percent. In line with previous quarters' results, more international marketers plan to increase spending over the next 12 months than their domestic-only counterparts (62 percent versus 49 percent for domestic-only), albeit at slower rate.

International Domestic-Only Peers
Marketers

Plans over the Next 12 months: 4Q08 3Q08 4Q08 3Q08

Major Capital Investments 35% 36% 24% 26%
Expansion to New Markets Abroad 24% 23% 5% 4%

Increased Operational Spending for:

New Products/Services 35% 36% 15% 20%
R&D 13% 20% 5% 6%
Sales Promotion 25% 27% 18% 20%



"In this economy, it's easy to focus on making decisions that impact the bottom line over the next few quarters," adds Esch. "Cutting costs to remain a viable business is obviously necessary, however, it's also important that private company CEOs continue to make strategic investments in areas that will create new revenue in the future. For example, leading private companies are taking advantage of the Research and Experimentation Tax Credit rules to help fund product and process improvements that may benefit their business for years to come."

Weak Demand, Profitability Continue to Present Challenges

Eight out of ten (84 percent) Trendsetter CEOs cite lack of demand as a major potential barrier, up one point from the previous quarter and up 20 points from last year's levels. In line with previous results, the number of respondents citing profitability/decreasing margins rose in 4Q08, up four points from 3Q08 to 44 percent and up 12 points from 4Q07; legislative/regulatory pressures were cited by 35 percent of respondents for the second quarter in a row. Concern over the availability of qualified workers continued to decline, cited by just 19 percent of respondents this quarter as hiring plans slow; this is down from 30 percent last quarter and 45 percent one year ago. In contrast, oil/energy prices dropped sharply as a barrier, off 20 points to 22 percent.

Hiring Plans Slow, Hourly Wages Increase at a Slower Pace

The number of private businesses planning net new hiring over the next 12 months fell 13 points to 35 percent in 4Q08, while the number of Trendsetter CEOs planning to reduce workers rose nine points to 17 percent. Overall, a net increase of 1.7 percent is planned for respondents' composite workforce -- a survey low. The mean expected increase in hourly wages decreased from 2.84 percent in 3Q08 to 2.27 percent in the fourth quarter.

Professionals/technicians remain the most sought after new hires, down 12 points from the previous quarter to 22 percent in 4Q08. Sales/marketing executives (eight percent) and administrative support (seven percent) remained the second and third most cited job types.

PricewaterhouseCoopers works with a majority of the leading private companies in the U.S. Our 2,000 private company individuals focus on understanding the strategy and business objectives of private companies and their owners, working together to add value while reducing risk. Our professionals are provided with cross training to enable them to connect the dots across a number of private company issues such as compliance, controls, access to cash flow, expansion, exit strategies, succession, wealth management and the many areas that can help build or diminish long term success and value. For more information about PwC's private companies services please visit pwc.com/pcs

PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.

(C) 2009 PricewaterhouseCoopers LLP. All rights reserved. "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP (a Delaware limited liability partnership) or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate and independent legal entity.

For more information about Barometer surveys, including recent economic trend data and topical issues, please visit our web site: www.barometersurveys.com

Source: PricewaterhouseCoopers

CONTACT: Amy O'Brien, PricewaterhouseCoopers' Private Company Services,
+1-312-298-2878, amy.w.obrien@us.pwc.com; or Meaghan Smith, Edelman for
PricewaterhouseCoopers' Private Company Services, +1-212-704-8196,
meaghan.smith@edelman.com

Web Site: http://www.pwc.com/

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