Kathleen Corbet

Kathleen Ann Corbet (born 1960) is an American businesswoman best known for her controversial Presidency of ratings giant Standard & Poor's 2004-2007.

Career

Corbet graduated from Boston College with a B.S. in Marketing and Computer Science and received her M.B.A. in Finance from New York University’s Stern School of Business. She is a member of the Council on Foreign Relations. At Boston College, she serves as aboard member on The Boston College Wall Street Council[1] and on the Board of Trustees of Boston College.[2]

Standard & Poor's

She served as President of Standard & Poor's (S&P), a subsidiary of McGraw-Hill Companies Inc. and a holding company of CRISIL Ltd. (Credit Rating Information Services of India Ltd.) from April 19, 2004 to August 30, 2007. During her tenure at S&P, McGraw-Hill's shares soared.[3] She resigned on September 14, 2007 and was replaced by MHP executive Deven Sharma.[4] McGraw-Hill spokesman, Steven Weiss, said "Mrs. Corbet's departure wasn't related to criticism of its subprime-bond ratings."

She was seen as one of the key 25 people responsible for financial crisis of 2007–2008.[5] In September 2013 TIME named Corbet one of the "10 to remember".[6]

History

Corbet was elected as the vice chairman to Tom Ferguson for the Waveny LifeCare Network.

gollark: Hey, now I know your last name, neat!
gollark: Wow, Facebook. That is unironically a sign of some level of idiocy.
gollark: "If a result is returned it is not guaranteed to correspond to the computer's actual coordinates as shown by (for example) F3, as available GPS hosts may use alternative coordinate systems, or be misconfigured or malicious, but in most cases the results should be accurate."
gollark: https://wiki.computercraft.cc/Gps.locate
gollark: I added a warning to the gps.locate page about GPS reliability.

References
  1. "Boston College Alumni | About Wall Street Council". www.bc.edu. Retrieved 2018-03-21.
  2. "Trustees & Leadership - About BC - Boston College". www.bc.edu. Retrieved 2018-03-21.
  3. Lucchetti, Aaron; Ng, Serena (2007-08-31). "S&P President Corbet Is Replaced". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-04-02.
  4. AOL. "AOL - Finance News & Latest Business Headlines". AOL.com. Retrieved 2018-03-21.
  5. "25 People to Blame for the Financial Crisis". Time. 2009-02-11. ISSN 0040-781X. Retrieved 2018-03-21.
  6. Foroohar, Rana. "Financial Crisis: Five Years After, 10 to Remember". Time. ISSN 0040-781X. Retrieved 2018-04-02.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.