Boardroom

Steve Ballmer on Tuesday severed the last of his official ties with Microsoft -- he resigned from the board of directors. Ballmer gave up his CEO role in February. Ballmer's other duties have become too pressing for him to focus on Microsoft, he wrote in a letter addressed to CEO Satya Nadella. "I t...

Softbank founder and CEO Masayoshi Son on Tuesday announced sweeping changes for subsidiary Sprint. President and CEO Dan Hesse is being replaced by Marcelo Claure, founder and CEO of Softbank subsidiary Brightstar, effective Aug. 11. Also, Sprint has dropped plans to purchase T-Mobile. Hesse's repl...

In the wake of a weak Q2 earnings report, HP has announced it will eliminate 11,000 to 16,000 jobs. The news was a blow; it was only two years ago that HP announced it would undergo a massive restructuring to move away from its PC roots. As part of that effort, it planned to eliminate 34,000 jobs. W...

The uproar that erupted over Mozilla Foundation cofounder Brendan Eich's appointment as CEO of its subsidiary Mozilla Corp. and resulted in his stepping down earlier this month perhaps was symptomatic of the troubles the foundation is going through, in that opposition to his taking the post had both...

A controversy involving Mozilla's new CEO, cofounder Brendan Eich, on Tuesday hit new heights, with more than 70,000 people having signed a petition demanding he reverse his anti-gay stance or step down. The trouble began last week when gay developer Hampton Catlin, CEO of Teamrarebit.com, announced...

Carl Icahn's latest move in a campaign to compel eBay to sell its PayPal division is to take on its CEO John Donahoe. The company on Monday rejected Icahn's nominees to the eBay board -- employees Daniel Ninivaggi and Jonathan Christodoro -- on the grounds that they were unqualified. The board urged...

Apple CFO Peter Oppenheimer will retire in September, when he'll be replaced by Corporate Controller Luca Maestri, the company's VP of finance. Maestri will begin taking the reins in June. The move was expected. When Maestri joined Apple last year, the rumor mill began buzzing about his being groome...

Carl Icahn has ratcheted up his efforts to get eBay to spin off its lucrative PayPal division. The billionaire investor on Monday sent an open letter to other shareholders accusing eBay board members Marc Andreessen and Scott Cook of placing their interests before those of investors. Icahn called ou...

HP's problems following its 2011 purchase of Autonomy for $11.1 billion are getting worse. Various documents and internal emails reportedly indicate HP knew about the existence of loss-making hardware sales Autonomy allegedly used to bolster its revenue figures well before May 2012, when HP claimed ...

Running a $300 billion company is challenging for anyone, but it can be even more challenging when you have a tech titan looking over your shoulder. That's the situation facing new CEO Satya Nadella, because just as he assumes Microsoft's helm, Bill Gates has decided to take a new role as technology...

Satya Nadella on Tuesday took Microsoft's helm as its new CEO. Formerly head of the company's cloud and enterprise division, Nadella replaces the retiring Steve Ballmer. Cofounder Bill Gates shed his chairmanship of the company, moving into a new role as technology advisor. John Thompson has taken...

Microsoft is ready to make its enterprise and cloud head, Satya Nadella, the company's new chief executive officer, and it may replace Bill Gates as chairman, according to reports. Nadella appeared to stand out as one of the stronger options to replace retiring CEO Steve Ballmer several weeks ago, b...

Corporate America has been quaking in its boots since Microsoft announced in August that CEO Steve Ballmer would retire within 12 months and launched its search for a replacement. Given the enormous task Microsoft's next CEO will face, the compensation is likely to be substantial, and the lure of al...

Attorneys for Snapchat executives Evan Spiegel and Robert Murphy have applied to the California court for a restraining order and order to show cause against cofounder Reggie Brown, who is currently in litigation with the company over his ouster. The restraining order would keep Brown from publicizi...

Dropbox is not only planning to raise $250 million in the next few weeks but is also reportedly seeking a corporate valuation of $8 billion. That's more than double the valuation investors placed on the company the last time Dropbox hit the funding circuit back in 2011. The company has already raise...