Kathleen Corbet

Kathleen Ann Corbet (born 1960) is an American businesswoman best known for her controversial Presidency of ratings giant Standard & Poor's 2004-2007.

Career

Corbet graduated from Boston College with a B.S. in Marketing and Computer Science and received her M.B.A. in Finance from New York University’s Stern School of Business. She is a member of the Council on Foreign Relations. At Boston College, she serves as aboard member on The Boston College Wall Street Council[1] and on the Board of Trustees of Boston College.[2]

Standard & Poor's

She served as President of Standard & Poor's (S&P), a subsidiary of McGraw-Hill Companies Inc. and a holding company of CRISIL Ltd. (Credit Rating Information Services of India Ltd.) from April 19, 2004 to August 30, 2007. During her tenure at S&P, McGraw-Hill's shares soared.[3] She resigned on September 14, 2007 and was replaced by MHP executive Deven Sharma.[4] McGraw-Hill spokesman, Steven Weiss, said "Mrs. Corbet's departure wasn't related to criticism of its subprime-bond ratings."

She was seen as one of the key 25 people responsible for financial crisis of 2007–2008.[5] In September 2013 TIME named Corbet one of the "10 to remember".[6]

History

Corbet was elected as the vice chairman to Tom Ferguson for the Waveny LifeCare Network.

References
  1. "Boston College Alumni | About Wall Street Council". www.bc.edu. Retrieved 2018-03-21.
  2. "Trustees & Leadership - About BC - Boston College". www.bc.edu. Retrieved 2018-03-21.
  3. Lucchetti, Aaron; Ng, Serena (2007-08-31). "S&P President Corbet Is Replaced". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-04-02.
  4. AOL. "AOL - Finance News & Latest Business Headlines". AOL.com. Retrieved 2018-03-21.
  5. "25 People to Blame for the Financial Crisis". Time. 2009-02-11. ISSN 0040-781X. Retrieved 2018-03-21.
  6. Foroohar, Rana. "Financial Crisis: Five Years After, 10 to Remember". Time. ISSN 0040-781X. Retrieved 2018-04-02.
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