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Bill Demchak
William Stanton Demchak (born August 24, 1962) is a business executive in the finance industry 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 Financial crisis of 2007–2008 earned him the title "prince of darkness" within the industry. Early life Demchak has a Bachelor of Science 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 Finance ... [...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 departme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Middle-market Company
Authorities provide differing definitions of the middle-market or mid-market companies. While some authorities look to revenue generated by companies to define the middle market, other sources regard either asset size or number of employees as a better metric for comparing company sizes. Definitions of the middle market are generally derived by dividing the United States economy into three categories: small business, middle-market, and big business. According to figures collected by the U.S. Census Bureau, the total revenue of all U.S. businesses in 2012 was roughly $32.6 trillion. The largest of these companies, which are big businesses with revenue of over $3 billion, make up roughly one-third of that total, and businesses with a revenue of under $100 million made up about another third of the total revenue. The middle market can thus be defined as the companies larger than small businesses but smaller than big businesses that account for the middle third of the U.S. economy's rev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pittsburgh Cultural Trust
The Pittsburgh Cultural Trust (PCT) is a nonprofit arts organization formed in 1984 to promote economic and cultural development in Downtown Pittsburgh. The "Trust" has focused its work on a 14-square block section called the Cultural District, which comprises numerous entertainment and cultural venues, restaurants, and residential buildings. All together, the organization claims to oversee more than one million square feet of real estate, including commercial and residential buildings, making it one of the largest landowners downtown. In recent years the organization has had a contentious relationship with the city of Pittsburgh concerning the tax status for many of its properties, resulting in a case being heard by the state Supreme Court in 2011. As of February 2018, the PCT's president and CEO is J. Kevin McMahon. According to its 2016 "Report to the Community", PCT's net assets were valued at $120 million. History The Pittsburgh Cultural Trust was founded in 1984 by H. J. He ... [...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 b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Supervisory Board
In corporate governance, a governance board also known as council of delegates are chosen by the stockholders of a company to promote their interests through the governance of the company and to hire and fire the board of directors. In civil service, a supervisory board or regulatory board is often a legislatively independent body with authority over other non-governmental boards (i.e. boards embedded within and run by industry bodies), such as found in some systems of regulated marketing, especially in the agricultural sector. The scope of supervision is to supervise other supervisory bodies. Industry boards are typically oriented toward their own stakeholders, while the second-instance supervision takes a broader view of all stakeholders, including the public interest. Corporate governance varies between countries, especially regarding the board system. There are countries that have a one-tier board system (like the U.S.) and there are others that have a two-tier board sys ... [...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 metropolitan Pittsburgh, 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-only the rest of the week. In the 2010s, the editorial tone of the paper shifted from liberal to conservative, particularly after the editorial pages of the paper were consolidated in 2018 with '' The Blade'' of Toledo, Ohio. After the consolidation, Keith Burris, the pro-Trump editorial page editor of '' The Blade'', directed the editorial pages of both papers. Early history ''Gazette'' The ''Post-Gazette'' began its history as a four-page w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pittsburgh
Pittsburgh ( ) is a city in the Commonwealth (U.S. state), Commonwealth of Pennsylvania, United States, and the county seat of Allegheny County, Pennsylvania, Allegheny County. It is the most populous city in both Allegheny County and Western Pennsylvania, the List of municipalities in Pennsylvania#Municipalities, second-most populous city in Pennsylvania behind Philadelphia, and the List of United States cities by population, 68th-largest city in the U.S. with a population of 302,971 as of the 2020 United States census, 2020 census. The city anchors the Pittsburgh metropolitan area of Western Pennsylvania; its population of 2.37 million is the largest in both the Ohio Valley and Appalachia, the Pennsylvania metropolitan areas, second-largest in Pennsylvania, and the List of metropolitan statistical areas, 27th-largest in the U.S. It is the principal city of the greater Pittsburgh–New Castle–Weirton combined statistical area that extends into Ohio and West Virginia. Pitts ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New Yorker
''The New Yorker'' is an American weekly magazine featuring journalism, commentary, criticism, essays, fiction, satire, cartoons, and poetry. Founded as a weekly in 1925, the magazine is published 47 times annually, with five of these issues covering two-week spans. Although its reviews and events listings often focus on the Culture of New York City, cultural life of New York City, ''The New Yorker'' has a wide audience outside New York and is read internationally. It is well known for its illustrated and often topical covers, its commentaries on popular culture and eccentric American culture, its attention to modern fiction by the inclusion of Short story, short stories and literary reviews, its rigorous Fact-checking, fact checking and copy editing, its journalism on politics and social issues, and its single-panel cartoons sprinkled throughout each issue. Overview and history ''The New Yorker'' was founded by Harold Ross and his wife Jane Grant, a ''The New York Times, N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gillian Tett
Gillian Tett (born 10 July 1967) is a British author and journalist at the ''Financial Times'', where she is chair of the editorial board and editor-at-large, US. She has written about the financial instruments that were part of the cause of the financial crisis that started in the fourth quarter of 2007, such as CDOs, credit default swaps, SIVs, conduits, and SPVs. She became renowned for her early warning that a financial crisis was looming. Education Tett 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 leaving school, Tett went to Clare College, Cambridge, where she earned a PhD in Social Anthropology based on field research in Tajikistan in the former Soviet Un ... [...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. 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 with deposits and loans from co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Corporate
A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in 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: by whether they can issue stock, or by 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 by a single natural person). One of the most attrac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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