Ceo, Embattled | featured news

Rebekah Brooks has resigned as chief executive of Rupert Murdoch's embattled British newspapers. She is the biggest casualty so far in the phone hacking scandal at a Sunday British tabloid.

Bowing to increasing scrutiny of his compensation, Bank of America’s embattled chief executive, Kenneth D. Lewis, agreed not to take a salary or bonus for 2009.

The embattled chief executive, under pressure over the disclosure of losses and bonuses at Merrill Lynch, told the board on Wednesday that he planned to retire, people briefed on the situation said.