Northrop Grumman financial chief Charles Noski resigned to "pursue other personal and professional interests." Noski, who joined the board in 2002, took on the CFO post a year later after the CFO at the time retired. Northrop said Wesley Bush will replace Noski; Bush was chief of Northrop's space technology business.
Telecom analyst Jack Grubman yesterday reportedly resigned from his position at Citigroup. Federal regulators are investigating whether Grubman hyped some telecom stocks in exchange for investment-banking deals.
The WorldCom bankruptcy may mark the end of the telecom turmoil, an analysis says. Some companies -- particularly niche players -- survived the telecom downturn and are beginning to prosper, the report adds.