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Challenges for New S&P Boss

"Douglas Peterson knows how to make a striking apology.  In 2004, Mr. Peterson stood next to his boss, Citigroup Inc.'s then-chief executive, Charles Prince, to apologize for lapses at the company's private-banking operations in Japan. In a widely reprinted image, the two executives bent over and cast their eyes at the floor at a news conference with Japanese officials.  Saying "I'm sorry" might be one of Mr. Peterson's first moves at Standard & Poor's when he takes over as president of the credit-rating firm next month."

Read the full story at ​The Wall Street Journal

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