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Northern Trust Corporation announced today that Frederick H. Waddell, 64, Chairman and Chief Executive Officer, will be retiring from his role as Chief Executive Officer on January 1, 2018. Michael G. O’Grady, 52, will assume the role of Chief Executive Officer on January 1, in addition to his current position as President. Waddell, who has served as Chief Executive Officer since January 2008, will remain as Chairman of the Board, a position he has held since November 2009.
While investor sentiment has been improving, there is still skepticism about the current market rally and the resulting outlook. Jim McDonald gives our take.
Our Chief Economist, Carl R. Tannenbaum, discusses the American Health care system, how legislative discussions have been misguided, and potential consequences if the American Health Care System remains as it is today.