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27 Aug 2009 10:07

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Biz: New AIG CEO Robert Benmosche: It’s a WORKING vacation!

  • People criticize me for being on vacation. I actually started work a week before I was actually supposed to. I do have conference calls every day, I have all my information sent here. I can work here as well as in the office in New York.
  • New AIG CEO Robert Benmosche • On his working vacation, which began only a few days after he took on the title of head guy of America’s Favorite Company. (Previously, he headed MetLife, the country’s largest insurer.) So, where did he chose to go? Sunny, beautiful Croatia. Quick, bail him out! • source

14 Jul 2009 19:49

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Biz, U.S.: Ex-GM CEO Rick Wagoner says “ka-ching!” during a bankruptcy

  • $10 million retirement package, while his old company restructures source

02 Jul 2009 12:14

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Tech: A virtual bank CEO on EVE Online is apparently a dirty criminal

  • 200 billion in EVE Online’s currency, interstellar kredits, was sold on the black market by player Ricdic, the CEO of the game’s EBank source

29 Jun 2009 19:57

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Biz, Tech: Yo, Steve Jobs: Welcome back to Apple, brah!

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  • Not much has changed since you left. The iPhone got a little faster, that single-body 13″ aluminum MacBook is called a Pro (and now has a Firewire port) and you have a new liver. Sounds about right.source

12 Jun 2009 12:28

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Politics, Tech: Prediction: Barry Diller is a money-hungry net neophyte

  • I absolutely believe the internet is passing from its free days into a paid system.
  • InterActiveCorp CEO Barry Diller • On the future of the Internet, which he claims will be filled with pricing structures everywhere. Pretty much everyone at the conference he was at disagreed with him – including everyone in this article we linked. Idiot. • source

10 Jun 2009 20:42

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Biz, Tech: The guy behind the iPod and Pre is now Palm’s CEO

  • Jon Rubinstein has a pretty golden touch. Hired at Apple during the company’s dark ages, he devised some of their best products as their hardware chief, including masterminding the iPod, which was a massive success. He retired in 2005 only to get courted by Palm two years later. The fruit of his labor? The Pre, which is off to a decent start. Now he’s the CEO. Go figure. source

10 Jun 2009 09:21

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Biz, Tech: Google’s CEO sez Microsoft is just making noise with Bing

  • It’s not the first entry for Microsoft. They do this about once a year. I don’t think Bing’s arrival has changed what we’re doing. We are about search, we’re about making things enormously successful, by virtue of innovation.
  • Google CEO Eric Schmidt • Who says that, despite Bing’s early popularity, they’re not a threat and will “evolve to a different strategy” that won’t affect Google. In other words, MS is rattling their cage again and not really hurting anyone. • source
 

05 Jun 2009 02:15

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Biz: Why former Countrywide CEO Angelo Mozilo is a bad, bad man

  • $387 million Amount Angelo Mozilo made as Countrywide CEO between 2002 and 2006. He co-founded the company in 1969 and was seen as a rags-to-riches story. source

08 Apr 2009 10:28

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Biz, Tech: Google CEO Eric Schmidt thinks newspapers need more innovation

  • Schmidt spoke at the the Newspaper Assn. of America conference yesterday, where he told his audience, “You can architect a structure where innovation is welcome, and where it’s taken advantage of.” (In other words, don’t lay people off!) source
  • Schmidt also told the audience that the AP’s crazy plan to piss off their customers wasn’t going to work. Information doesn’t flow that way, so putting it back into the bottle isn’t going to work. He suggests embracing the aggregation instead. source

29 Mar 2009 20:29

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Biz, U.S.: GM’s head guy, Rick Wagoner, is apparently gonna step down.

  • Why now? GM wants help General Motors’ top man is leaving now in part because the White House made strong hints that they wanted new leadership if the automaker wanted more bailout money. Wagoner has been with the company for over three decades and has been CEO for almost a decade. There’s no word yet as to who the new CEO’s going to be, but we’ll probably learn more later this week. source
  • Why now? GM wants help General Motors’ top man is leaving now in part because the White House made strong hints that they wanted new leadership if the automaker wanted more bailout money. Wagoner has been with the company for over three decades and has been CEO for almost a decade. There’s no word yet as to who the new CEO’s going to be, but we’ll probably learn more later this week.
  • A cruddy legacy Wagoner has led GM through some of the more questionable periods of the company’s history – between the fumbled response to Japanese carmakers, the legacy payments to union employees, the over-leaning on SUV’s to save the company’s fortunes and the utter lack of creativity in the company’s vehicles, it’s kind of tough to say what was the one thing that made GM fall so far. source