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Article: Dun & Bradstreet Interim CEO Splitting Off Moody's Investor Services.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- December 15, 1999
- Author:
CopyrightCOPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Dec. 16 -- Clifford L. Alexander Jr. is interim chairman and CEO of Dun & Bradstreet Corp., but he's not acting like an interim.
Just a few weeks ago the 66-year-old executive announced the shutdown of D&B's business education division in Manhattan. Yesterday, a month after he ruled out splitting off the company's prestigious Moody's Investors Services as a "quick fix" he wouldn't take, he announced he would do just that.
The Murray Hill-based company said it will separate Moody's credit rating service and its operating company into two publicly traded companies in an effort to become more profitable. That ...