McGraw-Hill replaced the top executive at Standard & Poor’s as criticism of the company’s financial-information division mounts for its role in the unfolding subprime mortgage crisis, reports the Wall Street Journal. Kathleen Corbet, S&P’s president, is leaving to pursue other opportunities, McGraw-Hill said on Thursday, without elaborating. She will be succeeded by Deven Sharma, a senior McGraw-Hill executive who has been at S&P since late last year.

This entry was posted by Gwen Robinson on Friday, August 31st, 2007 at 5:40 and is filed under Capital markets, People. Tagged with Kathleen Corbet, McGraw-Hill, s&p. Edit this entry.