Tuesday, 23 August 2011

Head of Rating Agency S&P Stepping Down


Head of S&P must have suddenly had the overwhelming need to spend more time with his family.

I see they are replacing him with a steady hand from Citigroup Inc.

'nuff said really.


Sharma, 55, will leave at the end of the year to “pursue other opportunities,” S&P’s parent McGraw-Hill Cos. said in an e-mailed statement. Peterson, 53, will take over Sept. 12 and Sharma will work on the company’s strategic review in the meantime.

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