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Tim Cook Named TIME Person of the Year Runner-Up December 20, 2012
Apple CEO Tim Cook was named a runner-up in TIME Magazine's Person of the Year listing, after he spent 2012 overseeing significant financial gains and product refreshes in the wake of the death of his company's iconic leader, Steve Jobs. President Obama earned the top honor, but Cook nabbed one of the four runner-up spots.
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AOL's Marketing Shuffle May Reflect Brand Uncertainty December 15, 2012
AOL is shifting toward decentralization of its marketing efforts. The online company this week named Allie Savarino Kline as chief marketing officer of its Advertising.com unit. In the newly created position, she will have global oversight of Advertising.com and will handle marketing strategy for the group's advertising solutions for publishers, advertisers and agencies.
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Fur Flies Over Autonomy's Alleged Cooked Books November 28, 2012
There's apparently little inclination to wait for the legal system to establish who wronged whom with respect to the allegations that Autonomy committed accounting sleight of hand prior to being acquired by HP. Both HP and the erstwhile head of Autonomy are making their claims and counterclaims public. Mike Lynch, founder of Autonomy, came out swinging in an open letter to HP's board of directors.
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Exec Shuffle Could Put the Zip Back Into Zynga November 15, 2012
Zynga's chief financial officer is departing for Facebook, yet another blow to the social game-maker, which has been languishing for months and recently trimmed its 2012 outlook. The departure of CFO Dave Wehner apparently set into motion a number of changes in the company's executive ranks.
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Speculation Sizzles Over Sinofsky's Sudden Bolt November 13, 2012
Microsoft said Monday that Windows and Windows Live President Steven Sinofsky will leave the company. Julie Larson-Green has been promoted to lead all Windows software and hardware engineering, and Tami Reller will assume responsibility for the business of Windows while retaining her role as chief financial officer and chief marketing officer.
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Cook Mixes a New Apple Brew October 31, 2012
While investors no doubt faced uncertainty on Wednesday as the New York stock markets opened after shutting down for two days due to Hurricane Sandy, the uncertainty over Apple's stock was for another reason altogether. News surfaced on Monday that Apple iOS software chief Scott Forstall was forced out after he reportedly refused to sign an apology for the flaws in the Maps app.
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Foreigners Gobbling Up American Pie October 25, 2012
If Sprint Nextel closes its deal with Japan-based Softbank, then more of the good old-fashioned American wireless telephone industry will be subject to foreign control -- three out of the top four wireless carriers in the U.S., in fact, will have their headquarters overseas. Is that a good thing or bad thing? It's all about branding.
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Board's Bonus Slight a Wake-up Call for Ballmer: Get Innovating October 10, 2012
The board of directors at Microsoft did not award company CEO Steve Ballmer and other executives their full bonuses this year following lower-than-expected Windows sales and a failure to comply with European regulations. Ballmer received 91 percent of his base salary in bonus pay, totaling $620,000. Including salary, his total compensation for Microsoft's fiscal year 2012 is $1.32 million.
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HP and the Uncertain Science of Corporate Rebirth October 08, 2012
The technology market is a graveyard of companies that had potential and lost their way either to fail or be gobbled up and lose their identity. Netscape, Novell, DEC/Digital, Palm, Transmeta, ATI, ROLM, Northern Telecom, and FLIP are all names of companies that have left us as independents or completely over time. Most of these firms were high fliers once, but all of them hit hard times.
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HP's Whitman: It's Going to Be a Long, Slow Ride October 04, 2012
HP shareholders counting on Meg Whitman to lead the company into a quick turnaround received very disappointing news from the CEO: Don't hold your breath. Whitman made her comments at HP's annual analyst meeting. The company is on track for a turnaround, she reportedly said -- but it won't materialize until the end of fiscal year 2014.
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Mayer Sketches Out Her Vision of a New Yahoo September 26, 2012
The revolving door at Yahoo continued to turn on Tuesday as the CEO Marissa Mayer announced bold new plans that included bringing in a new CFO, Ken Goldman. Mayer is the latest in a string of chiefs to take turns at the company's helm. Yahoo has had three CEOs and two interim CEOs in just a little more than a year, following the firing of Carol Bartz last September.
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VMworld 2012: Passing the Torch - and the Ammunition September 11, 2012
Chief executive transitions in the IT industry often tend toward melodrama or at least bald quirkiness: The number of ignominious CEO departures at HP and Yahoo could qualify both companies for their own telenovelas. After successfully acquiring Sun Microsystems, Oracle unceremoniously booted CEO Jonathan Swartz, an event he noted by tweeting a Zen-like haiku.
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Transmutation in the C Suite August 29, 2012
My sources tell me that Salesforce.com will be handling its major Dreamforce announcements differently this year. Rather than letting us drink from a firehose at the event, they promise to tell us much of their news beforehand so that they can spend the keynotes, I assume, drilling down into more of the substance of their announcements.
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Best Buy, Schulze Lay Out Rules of Engagement August 28, 2012
Best Buy has reached an agreement with its founder and former chairman, Richard Schulze, who owns a fifth of Best Buy's shares. The accord could help facilitate a potential $8.8 billion buyout of the retailer. As part of the agreement, Schulze will be granted access to certain due diligence information.
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Syria Gets Internet Hookup Courtesy of China August 22, 2012
Today in international tech news: Thanks to telecommunications company PCCW, China becomes a beacon of Internet access in Syria, helping facilitate the flow information into and out of the country. Elsewhere, Kindle gets ready to launch in India while the local government ups its effort to control what gets said on the Internet. Also, Foxconn finally gets some love.
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Best Buy Investors Groan as Buyout Fizzles and New CEO Steps Up August 21, 2012
Best Buy has named Hubert Joly the company's new CEO, the electronics mega-retailer announced Monday. The struggling chain, which faces growing competition from online and discount retailers, said it chose Joly for his expertise in turnaround and growth. Prior to taking the position at Best Buy, Joly was the CEO of Carlson.
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OnLive Lives On Under Massive Restructuring Plan August 20, 2012
The future of the cloud-based OnLive gaming service is looking cloudy indeed. On Monday the company confirmed that a restructuring plan will keep the streaming video game service operating. However, all staff members were let go in the process -- although some may eventually be rehired.
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Mayer Mulls Putting Alibaba Cash to Work August 10, 2012
Newly hired Yahoo CEO Marissa Mayer is reportedly considering a change in business strategy for the company, beginning with a restructuring plan that would use the revenue from Yahoo's Alibaba sale for long-term investment options rather than an immediate payback to shareholders. Yahoo announced in May it would sell half of its 40 percent stake in the Chinese Internet company in a $7 billion deal.
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Best Buy Founder Makes His Move August 07, 2012
Best Buy founder Richard Schulze has submitted a written proposal to buy the electronics retail chain in a deal that would value the company at as much as $8.8 billion. Schulze is currently the company's largest stakeholder with about a 20 percent share of the business. He stepped down as chairman of the company he founded in June amid a scandal involving CEO Brian Dunn and a female employee.
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Passed Over for CEO Seat, Levinsohn Bids Adieu to Yahoo July 31, 2012
Weeks after Marissa Mayer was hired as the new CEO of Yahoo, her predecessor has stepped down. No, not Scott Thompson. He left in May amid a resume scandal involving a false computer science degree. Yahoo's latest defector is Ross Levinsohn, the person who briefly held the position of interim CEO of Yahoo after Thompson was pushed out.
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