Stepping Down, Staffing | 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.

Mary L. Schapiro, who overhauled the Securities and Exchange Commission after the financial crisis, announced on Monday that she was stepping down as chairwoman of the agency. Elisse B. Walter, a commissioner at the S.E.C., is expected to be named to take over the post.

Vikram Pandit abruptly stepped down as CEO of Citigroup on Tuesday, shocking Wall Street, after steering the bank through the 2008 financial crisis and the choppy years that followed.

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

The co-chairman and co-chief executive of News Corp.'s NWSA +1.27% Fox Filmed Entertainment, Tom Rothman, will step down at the end of the year, he and the company said Friday. "I love Fox and all of you," Mr. Rothman said in an internal email. Following Mr. Rothman's departure, the film unit will be led by Jim Gianopulos, currently his fellow co-chairman and co-CEO. Mr. Gianopulos, who has led alongside Mr. Rothman since 2000, will assume sole possession of those titles.

Yale University President Richard C. Levin, who oversaw a big building and renovation program and an expansion in financial aid programs, announced Thursday he is stepping down at the end of the academic year after 20 years at the Ivy League school....

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.

That sound you heard from Detroit this morning was the other shoe dropping, loudly, at Opel. General Motors announced that Karl-Friedrich Stracke stepped down from his positions as GM Europe president Opel/Vauxhall CEO.

Avon Products Inc's next chief executive officer will face a litany of challenges. One of the biggest will be to re-energize the iconic "Avon Ladies," the company's diminished and often demoralized army of U.S. sales representatives.