Her dreams of heading up the World Bank dashed, former Hewlett-Packard CEO Carly Fiorina, the architect of one of the worst tech mergers in history, has turned her attention to California politics. After months of speculation, she officially announced her candidacy for the U.S. Senate today.
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If newspapers are suffering a death by 1000 cuts, the next 100 will be made at the New York Times. The company today announced plans to reduce its newsroom staff by eight percent by the end of 2009. Cuts will be made by buyout, but the company will resort to layoffs should its hand be forced.
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Well, look at that: Google Voice has inspired another Federal Communications Commission probe. Days after a group of House members, echoing a call first made by AT&T in September, asked the FCC to investigate Google Voice, the Commission obliged, sending a letter of inquiry to the company.
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Another first for former Brocade Communications Systems CEO Greg Reyes. He was the first Silicon Valley CEO to be indicted on federal charges in the options backdating scandal of a few years ago and the first to be found guilty. And on Tuesday, he became the first to have his conviction overturned.
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You’ve got to love the International Federation of the Phonographic Industry–if not for its hopelessly antediluvian moniker, then for its we’re-on-a-mission-from-God attitude toward its criminal case against torrent index The Pirate Bay. Just two days into the trial–apparently the hottest ticket in Stockholm right now–and already, half the charges against the Swedish site have been dropped because of the prosecution’s fundamental misunderstanding of the nature of the torrent-distributed protocol.
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Yahoo’s financials for the fourth quarter–co-founder Jerry Yang’s last as CEO–were about what you’d expect: mediocre. The fourth was Yahoo’s first money-losing quarter since 2002, and the first time its revenue declined since the fourth quarter of 2001.
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The word “Nintendo” literally translates as “leave luck to heaven,” but another translation might be “leave luck to your employees.” Because Nintendo’s are among the most productive in tech. In fact, the average Nintendo worker earns more for the video game maker than average Google or Goldman Sachs workers earn for their respective employers.
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Will Steve Jobs soon have to give up his Guinness World Record title for “Lowest Paid Chief Executive Officer”? Perhaps.
According to Apple’s latest 10-K filing, Jobs–who has earned an annual salary of $1 since he returned to the company a decade ago–may be up for a raise. “In fiscal 2007, Mr. Jobs’s entire compensation consisted [...]
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