Management

Robert P. Kelly stands to collect tens of millions of dollars on his way out as chief of Bank of New York Mellon, a figure unlikely to be dented by a successful shareholder initiative last year that sought to limit executive severance at the company.

The president of Standard & Poor's is stepping down, an announcement coming only weeks after the rating agency's unprecedented move to strip the United States of its AAA credit rating.

Thomson Reuters Corp named Pulitzer-prize winning journalist and former Dow Jones Newswires President Paul Ingrassia to the new position of deputy editor-in-chief, one of four new hires brought in to overhaul its news operations.

James Murdoch, the youngest son of News Corp. chairman Rupert Murdoch, was named deputy chief operating officer of the news and entertainment giant on Wednesday.