Egypt’s Banque Misr seeks to borrow $550 million before end-2018 – vice chairman

Banque Misr is seeking to borrow
$ 550 million from foreign lenders before the year’s end to
improve dollar liquidity, the vice chairman of Egypt’s second
largest bank said on Sunday.

Reuters: Company News


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Citing Health Concerns, Dick Parsons Resigns as CBS Interim Chairman of the Board

Barely 30 days after his appointment as interim chairman of the board at CBS, Reuters is reporting that Dick Parsons has resigned from the position.

From Reuters:

Parsons, who said he had complications from a form of cancer, will be replaced by Strauss Zelnick, who founded the media-focused private equity firm Zelnick Media Capital, according to the statement.

Richard “Dick” Parsons, former Time Warner chairman and CEO, was named interim chairman weeks after Leslie Moonves stepped down as chairman and CEO of CBS amid a cascade of sexual assault allegations published in a series of articles in The New Yorker.

Parsons is a well-rounded leader noted for his sound judgment and vast experience in politics, finance, entertainment, and philanthropy. His illustrious career earned him the February 2002 cover of BLACK ENTERPRISE magazine. He also has a proven track record of driving results at large organizations during times of crisis and change.

“Among the numerous roles of this unflappable leader: Taking the helm of AOL Time Warner as the media giant was reeling from a troubled merger during the height of the dot-com boom; serving as chairman of Citigroup as the financial giant was recovering from the sector’s financial meltdown; lending his expertise to U.S. presidents over the years in tackling dire issues ranging from Social Security reform to job creation during the Great Recession; helping to resurrect the famed Apollo Theater at a time in which it was financially crippled; and assuming the role of  interim CEO  to stabilize the L.A. Clippers NBA franchise during the Donald Sterling scandal,” writes Black Enterprise Editor-in-Chief Derek T. Dingle.

According to Deadline, Parsons’ health has taken a turn for the worse in the last couple of weeks.

Watch a Black Enterprise interview with Dick Parsons from 2009 where he provides invaluable business and career tips which still apply:

The post Citing Health Concerns, Dick Parsons Resigns as CBS Interim Chairman of the Board appeared first on Black Enterprise.

Career | Black Enterprise


Les Moonves’ replacement Richard Parsons steps down as CBS interim chairman after a month, citing health reasons

Richard Parsons stepped down late Sunday as interim chairman of CBS barely a month after taking the job following Les Moonves’ departure.

“The reason for my departure relates to the state of my health,” Parsons said in a statement.

“As some of you know, when I agreed to join the board and serve…

/entertainment – New York Daily News


Rising prices and interest rates are a ‘one-two punch’ to homebuyers, Lennar chairman says

"Of course, we respect, like many, the independence of the Fed, but at the same time, would we like them to slow down the pace? Of course we would," Lennar Executive Chairman Stuart Miller said.
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Elon Musk denies being replaced by James Murdoch as Tesla chairman


Elon Musk denied he’ll be replaced by James Murdoch as Tesla’s chairman, an alleged shakeup that was the subject of rumors on Wednesday.

Murdoch, who’s due to end his stint as 21st Century Fox’s CEO, was named in a Financial Times report as the lead candidate to succeed Musk, according to two sources who spoke with the newspaper.

Musk remarked simply that the report was “incorrect” on Twitter.

This is incorrect

— Elon Musk (@elonmusk) October 10, 2018

The younger son of media mogul Rupert, Murdoch also serves as a director on Tesla’s board, where he has done so since 2017. Read more…

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