Resignation, Stepping Down | featured news

Eased out with an $8 million payout provided by an influential Republican fundraiser, former GOP House Majority Leader Dick Armey says he has left the conservative tea party group FreedomWorks because of an internal split over the group's future direction.

A drug-sniffing dog now is the only certified member of the police force in the small eastern New Mexico town of Vaughn. Police Chief Ernest "Chris" Armijo decided to step down Wednesday after news stories reported that he wasn't allowed to carry a gun because of his criminal background.

RadioShack CEO James Gooch has agreed to step down immediately and is leaving its board of directors, the struggling consumer electronics company said Wednesday.

News Corp. Chief Digital Officer Jon Miller will step down from his position as the company prepares to split its media and entertainment business from its publishing assets.

News Corp. said Thursday that chief digital officer Jonathan Miller would leave his job in September. Miller will stay on as an outside advisor through fall 2013. He took the role in 2009, focusing on both distribution and international investments, while also serving as the News Corp. representative on the board of Hulu.

An executive resigning from the investment bank Goldman Sachs says other executives there referred to clients as "muppets." Greg Smith wrote a blistering essay about the company that was published Wednesday in The New York Times.

Richard Parsons is stepping down as chairman of Citigroup Inc and is expected to be replaced by Michael O'Neill, the former chief executive of Bank of Hawaii Corp, the Wall Street Journal reported on its website on Friday.

This week's resignation of New York Times chief executive Janet Robinson caught even senior executives by surprise. But for several years she had come under criticism for digital missteps.

A key player in implementing President Obama's health care law is stepping down in the face of Republican opposition. Don Berwick, the head of Medicare and Medicaid, was a recess appointment made by Obama after Senate Republicans had vowed to vote down his nomination.

Kenneth E. Melson, under fire in connection with the controversial Fast and Furious gun-trafficking investigation, announced Tuesday that he is stepping down as acting director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, several sources tell The Times.