Boardroom

Acknowledging improvements are necessary and saying he's the right man for the job, Sprint Nextel has chosen former Embarq CEO Daniel Hesse to be its new president and CEO. The 54-year-old Hesse, described in the company's official announcement as being a "wireless industry veteran," replaces former...

Motorola CEO Ed Zander will step down from his post at the end of the year, a victim of a long and deep post-Razr market share slump at the top U.S.-based maker of mobile handsets. The Schaumburg, Ill., company -- which last week fell from second to third in terms of worldwide market share behind No...

Looking to boost confidence among both investors and customers, online brokerage E*Trade Financial said Wednesday it had received a $2.55 billion investment from a private equity firm. After disclosing it had seen significant erosion of some assets due to the subprime mortgage meltdown and after an ...

The president of South Korea will appoint an independent investigator to explore allegations that electronics and industrial giant Samsung Group had diverted money into a secret fund that was later used to bribe government officials. South Korea President Roh Moo-hyun announced in a televised news c...

In an effort to further streamline its operations and somehow become more competitive, French-American telecom equipment maker Alcatel-Lucent is planning to ax about 4,000 workers during the coming year. Cutting jobs is nothing new at Alcatel-Lucent. The company in February announced it would lay of...

Sprint Nextel CEO Gary Forsee stepped down Monday amid mounting pressure from investors of the telecommunication company, which said it would launch a worldwide search for its next leader. After days of rumors and published reports suggesting he was on the way out, Forsee announced he would leave th...

eBay shook up the top management of its Skype peer-to-peer communications unit Monday, removing its cofounder as CEO and saying it will take a $1.43 billion charge in the coming quarter to cover the cost of incentives in the original acquisition deal and to reflect lower overall value for the unit.

The president of handset maker Sony Ericsson, Miles Flint, resigned unexpectedly Tuesday, just as the joint venture has solidified its role as the world's fourth-largest maker of mobile phones and as it embarks on a strategy to grab more high-end market share. Flint plans to take a "short career bre...

As Yahoo struggles to compete with Google and other big Internet players for ad revenue, its management team keeps experimenting with new structures. A leaked memo revealed this week that the company's longtime global head of advertising sales is leaving in the latest shuffle. In the confidential me...

A day after struggling Internet service provider EarthLink announced a major restructuring, the company's leader said the decision to lay off about 900 employees was painful to make but necessary if the Internet pioneer is to survive. The cost cuts announced Tuesday should help the Atlanta company s...

Google Chief Financial Officer George Reyes, who came on board to give a fast-rising startup credibility with Wall Street and help lead it through a quirky but wildly successful IPO, will leave the search company by the end of the year, Google announced late Tuesday. During Reyes' five-and-a-half-ye...

Financial software maker Intuit's longtime CEO Steve Bennett will leave the company at the end of the year, the company said Wednesday as it announced its fourth quarter and fiscal year earnings. The firm named the head of the company's small business efforts to replace him. The firm named the gener...

AMD's head of sales and marketing will leave the company next month, the company said, as the chipmaker finds itself struggling to regain market momentum it enjoyed as recently as last year. Henri Richard, whose title is chief sales and marketing officer, will exit the post sometime in September. Ri...

The bad news just keeps on coming for Take 2 Interactive, parent company of Rockstar Games. The firm revealed Wednesday that following a year-long informal investigation by the Securities and Exchange Commission into the handling of certain stock options grants, the company received a Wells call on ...

Regional telecommunications provider Qwest has named a veteran telecom executive with recent experience running a retailer as its new CEO, as the company hopes to gain a fresh start and put an insider trading scandal and years of red ink in its rear view mirror. Edward Mueller will succeed Richard N...