Kathleen Corbet Explained

Kathleen Ann Corbet (born 1960) is an American businesswoman best known for her controversial tenure as president of credit rating agency Standard & Poor's from 2004 to 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 and Poor's

She served as president of Standard & Poor's (S&P), a subsidiary of S&P Global, formerly McGraw-Hill Financial 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.

Corbet was elected as a Class I director of Clearwater Analytics Holdings, Inc in 2022

Notes and References

  1. Web site: Boston College Alumni About Wall Street Council. www.bc.edu. 2018-03-21.
  2. Web site: Trustees & Leadership – About BC – Boston College. www.bc.edu. en. 2018-03-21.
  3. News: S&P President Corbet Is Replaced. Lucchetti. Aaron. 2007-08-31. Wall Street Journal. 2018-04-02. Ng. Serena. en-US. 0099-9660.
  4. Web site: AOL – Finance News & Latest Business Headlines. AOL. AOL.com. en. 2018-03-21.
  5. 25 People to Blame for the Financial Crisis. https://web.archive.org/web/20090215172348/http://www.time.com/time/specials/packages/article/0,28804,1877351_1877350_1877325,00.html. dead. February 15, 2009. 2009-02-11. Time. 2018-03-21. en-US. 0040-781X.
  6. Financial Crisis: Five Years After, 10 to Remember. Foroohar. Rana. Time. 2018-04-02. en-US. 0040-781X.