Thursday, January 08, 2009

Ernst & Young ex-CEO Becomes Ombudsman at Standard and Poors

The McGraw-Hill Companies (NYSE:MHP.N) named financial services veteran and former CEO of Ernst and Young, Mr. Ray Groves as Ombudsman for its Standard & Poor's (S&P) unit. This is part of a larger plan to improve the rating process and boost transparency, and restore confidence in the accuracy of its credit ratings...

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