2 min read · 12 September 2011
6 min read · 08 September 2011
Yesterday, after two years as CEO of the ever-shrinking Internet giant Yahoo, Carol Bartz emailed employees, letting them know that she’d just been fired over the phone. That call should have sent shivers down the spine of AOL’s CEO of two years, Tim Armstrong. According to some industry observers, he’s next. There are, of course, many comparisons between the two beleaguered executives. Both Bartz and Armstrong were well-regarded in their previous jobs. Bartz was the pragmatic, tough-talking head of Autodesk, while Armstrong was the charismatic and highly effective ...
4 min read · 08 September 2011
4 min read · 07 September 2011
While Groupon’s Andrew Mason takes a drubbing, another CEO is apparently having a very good week. According to a document obtained by Bloomberg last week, the social games juggernaut Zynga has amended its stock structure to give its savvy founder and CEO Mark Pincus a stunning 70 times more voting power than people who buy the company’s shares in its eventual IPO. Bloomberg says Zynga’s board has already approved the new structure, which also gives the company’s current shareholders and pre-IPO investors seven votes per share. (Usually, if a company is going to establish separate voting rights, it is via a dual-stock structure that gives superior shares 10 votes per share, while inferior votes have one vote for share.) The company just needs the rest of its shareholders to agree to the new stock structure by tomorrow...
5 min read · 01 September 2011
4 min read · 31 August 2011
3 min read · 29 August 2011
3 min read · 26 August 2011
5 min read · 25 August 2011
3 min read · 25 August 2011
