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Beleaguered Internet portal Yahoo is about to wrap up its search for a CEO to replace cofounder Jerry Yang. An announcement could come as soon as this week. Two candidates have emerged as the company's probable next leader: Carol Bartz, who is former CEO of AutoDesk; and Susan Decker, Yahoo's curren...
Dell, the No. 2 PC maker in the U.S., has fired two top executives as part of a major restructuring designed to help close the gap with its largest competitor, HP. Chief Marketing Officer Mark Jarvis has stepped down; President of Global Operations Mike Cannon will retire, effective Jan. 31. Cannon ...
Business networking company LinkedIn has undergone a changing of the guard. CEO Dan Nye is out and has been replaced by LinkedIn founder Reid Hoffman. Former Yahoo executive Jeff Weiner has joined the company as interim president and will oversee day-to-day operations. Weiner will report to Hoffman ...
Sun Microsystems' biggest institutional investor -- Southeastern Asset Management -- plans to add two new members to the struggling server maker's board of directors. Southeastern owns 22 percent of Sun's common stock. Founded in 1975, Southeastern has $34 billion in total assets under management.
Microsoft has tapped Qi Lu, a former Yahoo Search executive, to run its Internet unit. Lu, 47, left Yahoo in August after 10 years; he most recently served as vice president of engineering for the search and advertising technology group. At Microsoft, he will become the president of the online serv...
Now that both the country and the world are in dire economic straits, attention has recently been drawn to the -- in some cases -- outsized amount of CEO compensation, especially in the cases of companies that have benefited from a U.S. government bailout. The current economic morass notwithstanding...
Yahoo CEO and cofounder Jerry Yang is stepping down as leader of the beleaguered Internet portal after a tumultuous 18-month tenure. Yang will resume his previous role as "chief Yahoo" and maintain his seat on the company's board. He will also participate in the process of finding a new CEO. Yahoo ...
Shares of memory chip maker SanDisk plummeted nearly 31 percent to $9.91 per share after the bell on the news that Samsung has dropped its offer to acquire the troubled semiconductor company. Samsung first made its $26 per share offer six months ago in a letter to SanDisk's board of directors, which...
Two technology associations with significant clout on Capitol Hill are in talks to combine forces. The two organizations, the AeA, formerly the American Electronics Association, and the ITAA, or Information Technology Association of America, began merger discussions several months ago. "The real syn...
Telecommunications infrastructure giant Alcatel-Lucent has shaken up the top ranks of its management team. Seasoned telecom veteran Ben Verwaayen has taken over the CEO spot at the ailing company from Patricia Russo. The company's board also appointed a new chairman, Philippe Camus, who will take ov...
Yahoo is starting its first full week with an updated board of directors and a fresh outlook for the future. Former Viacom CEO Frank Biondi Jr. and former Nextel CEO John Chapple -- both recommended by outspoken shareholder-turned-board-member Carl Icahn -- were officially appointed to leadership ro...
By now, Yahoo CEO Jerry Yang must be feeling as though he simply cannot catch a break. He has weathered a succession of setbacks over the past few months, since Microsoft launched its unsuccessful bid to acquire the portal. Now it turns out that he doesn't have as much shareholder support as he thou...
Wireless technology giant Motorola has landed a top Qualcomm executive to run its mobile devices unit, which is expected to be spun out in the second half of 2009. Sanjay Jha, former chief operating officer at San Diego-based Qualcomm, is now co-CEO of Motorola and CEO of the Schaumburg, Ill.-based ...
Markets responded favorably to Tuesday's news that the chairman and CEO of Paris-based Alcatel-Lucent would be leaving the merger-troubled company. The telecommunication company's stock was up nearly 6 percent by market close following the announcement that CEO Serge Tchuruk and CEO Pat Russo will b...
Juniper Networks, a provider of networking systems, has tapped 16-year Microsoft veteran Kevin Johnson to be its CEO. Johnson led Microsoft's platforms and services division, which oversees product development, marketing and strategy for the Windows and online services businesses. As it announced Jo...
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