Penn Alum New Prez Of Most-Hated Agency In America
August 23, 2011 at 9:13 am
Hey, remember that time Standard & Poor's downgraded America? People didn't take that too well. Guess the whole "pissing off the greatest country in the world" thing didn't quite jive with the S&P president Deven Sharma, as he'll be out of the job by the end of the year. Who, in this time of economic despair, could possibly take the helm of the only firm with enough chutzpah to give the US an AA+? Why, a Wharton alum of course!
Douglas Peterson (WMBA '85), currently the COO of Citibank, will take over for Sharma on September 12, 2011. We hope he will be able to use the grade-inflation skills he undoubtedly learned here to re-inflate our country back to AAA. Or solve the debt crisis. Whichever comes first.