While one handles political storms, the other is now trying to calm the furious waves of market discontent!

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Replacing Kathleen Corbet, who quit ‘to spend more time with her family’, the situation unfolding for the new appointee in office is daunting. The shares of the group company McGraw-Hill have dropped at a whopping rate of 26% this year and further pushing the agency’s image down is the move last week of slashing the ratings of two mortgage-backed securities funds to junk from the earlier top AAA, in one day. An alumni of Birla Institute of Technology & Ohio State University, Deven is the first Indian to hold the top post in this agency. Sharma has been primarily responsible for the key acquisitions undertaken by S&P including Crisil, Capital IQ and JD Power & Associates. To his credit, Deven has also authored several publications on the subject of competitive strategy, customer solutions, sales & marketing. He is also on the board of prestigious organisations, including 800-Flowers Inc., CRISIL, The USChina Business Council and Asia Society Business Council.

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Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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