resignation

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Why This Affair Won't Be the End of Ensign

Resignation would endanger GOP seat

(Newser) - News of his affair with a campaign staffer won't force Nevada's GOP Sen. John Ensign out of office, predicts Nate Silver in FiveThirtyEight.com, even though he has frequently preached about the ethical lapses of others. A resignation by Ensign would prompt a special election in 2010, and Ensign's party...

You Broke Promises, Obama: Now Quit

(Newser) - That jarring thud you just heard was Obamania crashing back to earth. For reneging on promises and making "Bill Clinton look like a paragon of integrity," President Obama must quit his post, Ted Rall writes in the Springfield Journal-Register. “Obama is useless. Worse than that, he’...

Gingrich Slams Pelosi on Daily Show

Points way to door over CIA comments

(Newser) - Newt Gingrich “essentially” called for Nancy Pelosi’s resignation as House speaker last night in a chat with Jon Stewart, Gawker reports. "She either should prove her allegation” that the CIA regularly misleads Congress, or “I think she's done a huge disservice,” the former speaker said...

NY Fed Chair Quits Over Goldman Ties

Friedman upped stake in bank after it fell under Fed supervision

(Newser) - The chairman of the Federal Reserve Bank of New York has abruptly stepped down amid criticism of his ties to Goldman Sachs, the Wall Street Journal reports. Stephen Friedman, who increased his holdings in Goldman after it became a bank holding company under Fed supervision, denied acting improperly. But he...

SocGen Chief Resigns Amid Growing Outcry

Executive pay scandal, $6.4B fraud fallout push Bouton to quit

(Newser) - The chairman of Société Générale announced his resignation today amid growing public criticism of his performance, Reuters reports. Daniel Bouton had been scolded by Nicolas Sarkozy for his handling of the rogue trading affair that cost the bank $6.4 billion; last month the president attacked the...

Pope May Reshape US Church as Bishops Age Out

Many bishops nearing retirement as church faces big changes

(Newser) - With many bishops nearing the age of required retirement, the Vatican has a chance to reinvent the US Catholic Church, moving beyond church sex scandals and adapting to a growing immigrant presence, reports the Los Angeles Times. Almost a third of 265 current US bishops must step down in the...

Dallas Cop in Moats Traffic Stop Resigns

(Newser) - The Dallas police officer who was suspended after stopping NFL player Ryan Moats, keeping him from his mother-in-law's deathbed, has resigned, the Dallas Morning News reports. Robert Powell said he made the decision “with a heavy heart and great sadness” and hopes the move will allow people “to...

Unable to Fix Economy, Hungary's PM Steps Down

(Newser) - Hungary’s Socialist prime minister will step down so that a leader more adept at managing the country’s dire economic straits can take over, Reuters reports. “I hear that I am the obstacle to the cooperation required for changes,” Ferenc Gyurcsany told a meeting of his party....

Blackwater Founder Steps Down as CEO

Now called Xe, security company regroups, changes focus

(Newser) - Blackwater Security founder Erik Prince stepped down today as CEO of the private security company he built into one of the world's most respected—only to see it become reviled for a 2007 Baghdad massacre in which his testimony incurred congressional wrath, the AP reports. Prince expressed pride in Blackwater,...

Freddie Mac's CEO Moffett Resigns
Freddie Mac's CEO
Moffett Resigns

Freddie Mac's CEO Moffett Resigns

(Newser) - Freddie Mac CEO David Moffett has notified the company’s board of directors that he will resign both his position and his seat on the board effective March 13, MarketWatch reports. The board is working with the Federal Housing Finance Agency to appoint a successor. "We expect to name...

Chicago Trib to Burris: Out, Damned Senator!
Chicago Trib
to Burris: 
Out, Damned Senator!
OPINION

Chicago Trib to Burris: Out, Damned Senator!

Burris has clearly lied, and has to resign

(Newser) - Time to go, Roland. The Chicago Tribune editorializes today that Sen. Roland Burris should resign, having used up his last shred of credibility by the time he changed his story for the fourth time yesterday—with the story getting "worse with every telling." Whether and how much he...

Heigl, Knight Leaving Grey's
 Heigl, Knight Leaving Grey's 

Heigl, Knight Leaving Grey's

(Newser) - Neither Katherine Heigl nor TR Knight will return for another season of Grey’s Anatomy, the New York Post reports. The information comes from co-star James Pickens Jr. Neither actor has been happy on the show recently. Knight has complained about lack of screen time, and Heigl has complained about...

Alaska AG, Troopergate Fixture, Resigns

(Newser) - Alaska Attorney General Talis Colberg, a key figure in the Troopergate scandal that dogged Sarah Palin's vice presidential bid, has resigned "in the best interest" of the state, Palin's office said in a statement today. Colberg represented seven of the state employees subpoenaed as a result of the abuse-of-power...

Blago Wanted to Quit, Says Father-in-Law

Chicago power broker says daughter's hubby hoped to avoid ouster

(Newser) - Illinois' newest ex-governor wanted to jump before he was pushed, Rod Blagojevich's estranged father-in-law tells the Chicago Sun-Times. Richard Mell, a powerful Chicago alderman credited with launching Blago's career, says his son-in-law, despite his denials, wanted to avoid being ousted "but he didn't reach out to anybody" in state...

Ousted Thain to Repay $1.2M Spent on Office

Lush renovation was a 'mistake,' says ex-Merrill CEO

(Newser) - Former Merrill Lynch CEO John Thain says he’ll repay the $1.2 million he spent on office renovations last year, Bloomberg reports. “The expenses were incurred over a year ago in a very different environment,” Thain wrote in a memo to Merrill execs. “They were a...

Blago's Top Lawyer to Quit
 Blago's Top Lawyer to Quit 

Blago's Top Lawyer to Quit

'I require clients to at least listen'

(Newser) - Rod Blagojevich’s top lawyer in his criminal case is jumping ship, the Chicago Tribune reports. He told reporters as much in a statement just after a judge ruled that undercover Blago tapes could be passed to the state legislature. “I never require a client to do what I...

Emanuel Will Leave Congress Friday

(Newser) - Rahm Emanuel’s transformation from Congressman to White House chief of staff is almost complete, the Chicago Tribune reports. Emanuel sent a letter to Gov. Rod Blagojevich today stating his intention to resign his seat on Friday. Blagojevich has no power to appoint Emanuel’s successor; rather, he has 5...

Meet Blago's Political Hero

(Newser) - A photo of Richard Nixon with Rod Blagojevich has surfaced in what Time Out Chicago describes as an ironic twist of fate and a reminder that politicians should rely on better role models. “In 1980, most twenty-something men probably pined to bump into one of the Beatles or maybe...

Obama to Blago: Resign Already

NOTE: Headline is intentional callback to the Tribune editorial earlier

(Newser) - President-elect Barack Obama is calling for Illinois Gov. Rod Blagojevich to resign. An Obama spokesman says the president-elect agrees with other prominent politicians that "under the current circumstances, it is difficult for the governor to effectively do his job and serve the people of Illinois."

Obama: No Dealings With Blago
 Obama: No Dealings With Blago 

Obama: No Dealings With Blago

Illinois governor now out on bond as deputy calls for resignation

(Newser) - President-elect Barack Obama today denied having any dealings with Rod Blagojevich over his Senate replacement, and said news of the Illinois governor’s alleged corruption “saddened and sobered” him, the Chicago Tribune reports. Blagojevich, meanwhile, walked out of federal court on a $4,500 bond after hearing that he...

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