Kathleen Corbet
Kathleen Ann Corbet (born 1960) is an American businesswoman best known for her controversial tenure as president of credit rating agency Standard & Poor's from 2004 to 2007.
Career
[edit]Corbet graduated from Boston College with a B.S. in Marketing and Computer Science and received her M.B.A. in Finance from New York University's Stern School of Business. She is a member of the Council on Foreign Relations.[verification needed] At Boston College, she serves as aboard member on The Boston College Wall Street Council[1] and on the Board of Trustees of Boston College.[2]
Standard and Poor's
[edit]She served as president of Standard & Poor's (S&P), a subsidiary of S&P Global, formerly McGraw-Hill Financial Companies Inc. and a holding company of CRISIL Ltd. (Credit Rating Information Services of India Ltd.) from April 19, 2004 to August 30, 2007. During her tenure at S&P, McGraw-Hill's shares soared.[3] She resigned on September 14, 2007 and was replaced by MHP executive Deven Sharma.[4] McGraw-Hill spokesman, Steven Weiss, said "Mrs. Corbet's departure wasn't related to criticism of its subprime-bond ratings."
She was seen as one of the key 25 people responsible for financial crisis of 2007–2008.[5] In September 2013 TIME named Corbet one of the "10 to remember".[6]
History
[edit]Corbet was elected as the vice chairman to Tom Ferguson for the Waveny LifeCare Network.
Corbet was elected as a Class I director of Clearwater Analytics Holdings, Inc in 2022
References
[edit]- ^ "Boston College Alumni | About Wall Street Council". www.bc.edu. Retrieved 2018-03-21.
- ^ "Trustees & Leadership – About BC – Boston College". www.bc.edu. Retrieved 2018-03-21.
- ^ Lucchetti, Aaron; Ng, Serena (2007-08-31). "S&P President Corbet Is Replaced". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-04-02.
- ^ AOL. "AOL – Finance News & Latest Business Headlines". AOL.com. Retrieved 2018-03-21.
- ^ "25 People to Blame for the Financial Crisis". Time. 2009-02-11. ISSN 0040-781X. Archived from the original on February 15, 2009. Retrieved 2018-03-21.
- ^ Foroohar, Rana. "Financial Crisis: Five Years After, 10 to Remember". Time. ISSN 0040-781X. Retrieved 2018-04-02.