The Fortune 500 List is Out
Just 500 companies—the ones on this year’s Fortune 500 list, to be precise—produced enough revenue last year to equal two-thirds of the entire economic output of the United States. Think about that a minute: just 500 companies.
JPMorgan Chase, Chief Financial Officer Marianne Lake was named CEO of the bank’s consumer lending division. Jennifer Piepszak, currently CEO of card services, was chosen to succeed Lake as CFO. Comerica in Dallas picked the successor to its longtime CEO Ralph Babb — it was Curtis Farmer, president of Comerica Bank and its holding company. Opus Bank also got a new leader, tapping Paul Taylor as its president and CEO.