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Short Take: E*Trade promotes top execs

Online trading firm

Online trading firm E*Trade Group announced a series of executive promotions. Christos Cotsakos has been tapped as chairman but will retain his position as CEO. Founder and chairman Bill Porter will become chairman emeritus. Kathy Levinson, president and chief operating officer of the company's subsidiary, E*Trade Securities, will assume the additional title of president and chief operating officer of the parent company, E*Trade.