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William S. Demchak
William Stanton Demchak (born August 24, 1962) is a business executive in the finance industry and serves as the current chief executive officer of PNC Financial Services. He is credited with being one of the earliest adopters of the credit default swap, especially the creation of markets around them, which due to the role they would play in the 2008 financial crisis, earned him the title "prince of darkness" within the industry. Early life Demchak has a Bachelor of Science degree from Allegheny College and an MBA (with an emphasis in accounting) from the University of Michigan. At Allegheny, he was an Alden Scholar, actively participating in student government, the economics club, the Interfraternity Council, intramural sports and Lacrosse. In addition, he was a member of the Phi Delta Theta fraternity, as well as the Phi Beta Kappa Honor Society. Career Before PNC, Demchak held a variety of key executive positions at JP Morgan Chase. This includes: Global Head of Structured Fina ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Executive
A business executive is a person responsible for running an organization, although the exact nature of the role varies depending on the organization. Executives run companies or government agencies. They create plans to help their organizations grow. Becoming an executive usually takes years of promotions and hard work since the qualifications of this role needs hard working individuals with years of experience in multiple facets of the business. Occupations The business executive occupation covers many jobs. These positions include chief executive officer, department store manager, and small business operator. Executives are in charge of their organization. They create and review goals for the company. They work closely with a team of upper-level staff or assistants. This team may make both long- and short-range plans to achieve these goals. Once the plans are set, executives make sure the company follows the changes. They do this by meeting with the managers of all the department ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jim Rohr
James E. Rohr (born October 18, 1948) is former chairman of PNC Financial Services Group (commonly known as PNC Bank) and former CEO. Rohr was CEO from May 2000 to April 2013 and as chairman from May 2001 to April 2014, both times taking over for Tom O'Brien. He was the chairman of the Carnegie Mellon University Board of Trustees until the start of the 2021 Academic year. Early life Rohr was the grandson of an Alsatian (then Germany) immigrant to America, a cook in a hotel, who married the hotel's Irish laundress and opened his own restaurant in Cleveland, Ohio. Rohr's father, also a Cleveland restaurateur died when Rohr was still in grade school. Rohr graduated from Cleveland's Saint Ignatius High School and from the University of Notre Dame in 1970 with a B.A. Two years later, in 1972, Rohr earned an MBA A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business ad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Extra Mile Education Foundation
The Extra Mile Education Foundation is a privately funded, non-profit charity 501(3)(c) based in Pittsburgh, Pennsylvania, founded in 1989. The money raised by the charity is used to subsidize the tuition of low income students who attend several K-8 Catholic schools in the Pittsburgh area. Most of the students are African American. As of January 2011, five Pittsburgh schools are currently enrolled in the program. Statistics A January 28, 2007 article in the Pittsburgh Post-Gazette cites the following information about The Extra Mile Education Foundation * Of the 830 students whose education is funded by the program, most are non-Catholic. * 70% of the students come from families whose income is low enough to qualify for free or reduced priced lunches. * Of the students who graduate from the program (i.e., from 8th grade), not a single student has ever failed 9th grade, and 96% of the students graduate from high school within 4 years. * The foundation spends $1.9 million per yea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Allegheny Conference On Community Development
The Allegheny Conference on Community Development is a nonprofit, private sector leadership organization dedicated to economic development and quality of life issues for a 10-county region in southwestern Pennsylvania, United States centered around the largest city in the region, Pittsburgh, Pennsylvania. It grew from efforts in the 1940s to coordinate improvements to regional transportation and the local environment. During World War II, the Pittsburgh Regional Planning Association President Richard King Mellon, Carnegie Institute of Technology President Robert Doherty, and others organized local leaders to create a postwar planning committee. Pittsburgh Mayor David L. Lawrence and Allegheny County Commissioner John Kane were early recruits. The Allegheny Conference was officially established in 1944. The city's most visible problem in the first half of the 20th century was air pollution. The Conference brokered an agreement for phased-in implementation of smoke control that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pittsburgh Post-Gazette
The ''Pittsburgh Post-Gazette'', also known simply as the PG, is the largest newspaper serving Greater Pittsburgh, metropolitan Pittsburgh in the U.S. state of Pennsylvania. Descended from the ''Pittsburgh Gazette'', established in 1786 as the first newspaper published west of the Allegheny Mountains, the paper formed under its present title in 1927 from the consolidation of the ''Pittsburgh Gazette Times'' and ''The Pittsburgh Post''. The ''Post-Gazette'' ended daily print publication in 2018 and has cut down to two print editions per week (Sunday and Thursday), going Online newspaper, online-only the rest of the week. In the 2010s, the editorial tone of the paper shifted from Liberalism in the United States, liberal to Conservatism in the United States, conservative, particularly after the editorial pages of the paper were consolidated in 2018 with ''The Blade (Toledo, Ohio), The Blade'' of Toledo, Ohio. After the consolidation, Keith Burris, the pro-Donald Trump, Trump editori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pittsburgh
Pittsburgh ( ) is a city in Allegheny County, Pennsylvania, United States, and its county seat. It is the List of municipalities in Pennsylvania#Municipalities, second-most populous city in Pennsylvania (after Philadelphia) and the List of United States cities by population, 67th-most populous city in the U.S., with a population of 302,971 as of the 2020 United States census, 2020 census. The city is located in Western Pennsylvania, southwestern Pennsylvania at the confluence of the Allegheny River and Monongahela River, which combine to form the Ohio River. It anchors the Greater Pittsburgh, Pittsburgh metropolitan area, which had a population of 2.457 million residents and is the largest metro area in both the Ohio Valley and Appalachia, the Pennsylvania metropolitan areas, second-largest in Pennsylvania, and the List of metropolitan statistical areas, 26th-largest in the U.S. Pittsburgh is the principal city of the greater Pittsburgh–New Castle–Weirton combined statistic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New Yorker
''The New Yorker'' is an American magazine featuring journalism, commentary, criticism, essays, fiction, satire, cartoons, and poetry. It was founded on February 21, 1925, by Harold Ross and his wife Jane Grant, a reporter for ''The New York Times''. Together with entrepreneur Raoul H. Fleischmann, they established the F-R Publishing Company and set up the magazine's first office in Manhattan. Ross remained the editor until his death in 1951, shaping the magazine's editorial tone and standards. ''The New Yorker''s fact-checking operation is widely recognized among journalists as one of its strengths. Although its reviews and events listings often focused on the Culture of New York City, cultural life of New York City, ''The New Yorker'' gained a reputation for publishing serious essays, long-form journalism, well-regarded fiction, and humor for a national and international audience, including work by writers such as Truman Capote, Vladimir Nabokov, and Alice Munro. In the late ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gillian Tett
Gillian Romaine Tett (born 10 July 1967) is a British author and journalist. She is a member of the editorial board for the ''Financial Times''. She writes weekly columns, covering a range of economic, financial, political and social issues. Tett co-founded ''Moral Money'', the paper's sustainability newsletter. Her work covering the 2008 financial crisis received extensive media attention for its prescient coverage of the financial instruments that led to the 2008 financial crisis. Tett was appointed the provost of King's College, Cambridge in October 2023. Early life and education Tett was born on 10 July 1967. She was educated at the North London Collegiate School, an independent school for girls in Edgware, in the London Borough of Harrow in northwest London, during which time, at the age of 17, she worked for a Pakistani nonprofit.McKenna, Brian (2011Bestselling Anthropologist "Predicted" Financial Meltdown of 2008, ''Society for Applied Anthropology Newsletter'' After ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Retail Banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking (corporate banking). Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term ''commercial bank'' is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate
A corporation or body corporate is an individual or a group of people, such as an association or company, that has been authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in law for certain purposes. Early incorporated entities were established by charter (i.e., by an '' ad hoc'' act granted by a monarch or passed by a parliament or legislature). Most jurisdictions now allow the creation of new corporations through registration. Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered based on two aspects: whether they can issue stock, or whether they are formed to make a profit. Depending on the number of owners, a corporation can be classified as ''aggregate'' (the subject of this article) or '' sole'' (a legal entity consisting of a single incorporated office occupied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leasing
A lease is a contractual arrangement calling for the user (referred to as the ''lessee'') to pay the owner (referred to as the ''lessor'') for the use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or business equipment are also leased. In essence, a lease agreement is a contract between two parties: the lessor and the lessee. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. The lessee also agrees to abide by various conditions regarding their use of the property or equipment. For example, a person leasing a car may agree to the condition that the car will only be used for personal use. The term rental agreement can refer to two kinds of leases: * A lease in which the asset is tangible property. Here, the user '' rents'' the asset (e.g. land or goods) ''let out'' or ''rented out'' by the owner (the verb ''to lease'' is less precise because it c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
