August 23rd, 2011
08:58 AM ET

Ratings agency president steps down

The president of ratings agency Standard & Poor's, Deven Sharma, is stepping down, the company's parent firm McGraw-Hill Companies said in a statement.

The move comes after a tough month for S&P during which it went through with a controversial decision to downgrade the United States' credit rating and revelations of an investigation by the U.S. Justice Department into ratings practices for mortgage-backed securities.

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Filed under: Business • U.S.
soundoff (30 Responses)
  1. michaelfury

    http://michaelfury.wordpress.com/2011/07/30/truth-crushed-to-earth-shall-rise/

    August 23, 2011 at 9:24 am | Report abuse |
  2. gung hoe

    About figures screw the u s and skip town thhnk he felt some heat

    August 23, 2011 at 9:27 am | Report abuse |
    • Angel

      No heat, he is a CEO, he finally had to work for a month and retired.

      August 23, 2011 at 9:55 am | Report abuse |
  3. The Dook of Westminister

    Yeah. The heat from warm diarreah.

    August 23, 2011 at 9:28 am | Report abuse |
  4. The Dook of Westminister

    I was talking to a scientifically minded friend and he asked me a thought provoking question. What if there is really no such thing as Lybia and the government is udung this made up war and place to cover up its master plan? Ive never been to Lybia. Have you? And if you have how do you know you werent really in mexiico somewheres? It alnost makes sense.

    August 23, 2011 at 9:33 am | Report abuse |
  5. jammal

    I hear you my good soul brother man. It sound like a conspiracy to me too.

    August 23, 2011 at 9:41 am | Report abuse |
  6. clearmind

    @thedookofwestMinister ok whatever you are smoking, you have had enough! maybe a map or globe would be a better choice? or years of history? oh wait ... I get it! you are f. ing around! silly me!

    August 23, 2011 at 9:51 am | Report abuse |
  7. jammal

    I agree with the Dook. Have you ever been to Libya? I bet it is like Middle Earth or Santas workshop. A fairytale.

    August 23, 2011 at 9:54 am | Report abuse |
  8. Angel

    And the world is flat.

    August 23, 2011 at 9:56 am | Report abuse |
  9. s kel

    what if you had really been walking and thought you were driving all this time, maybe our homes and jobs and famlies dont exist and we are all in a expansive govt cell being fed govt baby food. hummmmm(yeah right).

    August 23, 2011 at 10:00 am | Report abuse |
  10. trekkie

    I dont think there is a Libya or middle east either. We had a seminar on this subject at our last TREKATHON convention. The government is using this money to fund a secret Stargate project.

    August 23, 2011 at 10:04 am | Report abuse |
  11. @trekkie

    Trekkie, you know you arent supposed to reveal what is discussed at our SciFi-Star Trek conventions. The Stargate Program is very hush hush.

    August 23, 2011 at 10:14 am | Report abuse |
  12. Banasy

    My weenie feels funny.

    August 23, 2011 at 10:26 am | Report abuse |
  13. gung ho

    Want me to massage it for you?

    August 23, 2011 at 10:28 am | Report abuse |
  14. gem

    I'll suck it for you, tho.

    August 23, 2011 at 11:01 am | Report abuse |
  15. erictown

    The comment on the ceo working for a month and then retiring was funny.

    I assure you Lybia exist.

    August 23, 2011 at 11:08 am | Report abuse |
    • bobcat2u

      Or does it ???

      August 23, 2011 at 3:24 pm | Report abuse |
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