Former Pfizer (PFE) chief Jeffrey Kindler stepped down from the board of the Federal Reserve Bank of New York.
Kindler said in his resignation letter, dated last Thursday, that as a former CEO he no longer fills the Fed's need for "current, high level information about the business environment."
His term ends in December 2012. The Fed is expected to hold a special election to appoint someone to serve out the rest of Kindler's term early next year.
Jesse Jackson tells Goldman Wall Street is rising but citizens are falling.
Jackson and others urge Goldman (GS) to make its board more diverse. The board has been under fire this year from a number of angles, including its ties to the Galleon insider trading scandal.
Rajat Gupta, the former McKinsey head who has been mentioned in ongoing probes of that scandal, said earlier this year he won't stand for re-election, as MOREColin Barr - May 7, 2010 10:48 AM ET
|Bernanke warns against hitting the brakes too soon|
|Memorial Day travel to dip this year|
|Insanely durable smartphone ... from Caterpillar?|
|Home sales continue to climb|
|Stocks pop as Bernanke eases fears|