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Tag Archive: CEO


Airasia’s CEO in spotlight after Jet disappears

AP

AP

His airline empire began, Tony Fernandes likes to say, with the purchase of a bankrupt company for less than a dollar. Now, after years of growth that made him the king of Asian budget travel, the flamboyant Malaysian businessman is facing the horror of the disappearance of an AirAsia jet with 162 people on board.

Fernandes, who built AirAsia’s regional network on cheap fares, a love of the spotlight and occasionally provocative advertising (“There’s a new girl in town. She’s twice the fun and half the price.”), was clearly exhausted by the time he met reporters late Sunday at the airport in Surabaya, Indonesia, where the missing flight had taken off.
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Utah Jazz Owner goes undercover for CBS Show

NBA

NBA

The owner and CEO of the Utah Jazz is set to be featured on the CBS reality TV show “Undercover Boss.”

Greg Miller will disguise himself a few times over for the episode chronicling game-night happenings at EnergySolutions Arena.
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GM appoints 1st Woman CEO

GM

GM

General Motors picked Mary Barra, its product development chief and a 33-year company veteran, as its next CEO. Barra will become the first female head of a major U.S. car company.

GM said Tuesday that Barra, 51, will replace Dan Akerson on Jan. 15. Akerson, 65, chairman and CEO, moved up his retirement plans by several months because his wife, Karin, is battling advanced cancer, the company said in a statement.
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AP

Microsoft CEO Steve Ballmer can’t afford to be wrong about Windows 8.

On Thursday in New York, Microsoft will unveil a dramatic overhaul of its ubiquitous Windows operating system. If it flops, the failure will reinforce perceptions that Microsoft is falling behind competitors such as Apple, Google and Amazon as its stranglehold on personal computers becomes less relevant in an era of smartphones, tablets and other mobile devices.
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AP

Facebook CEO Mark Zuckerberg hasn’t enjoyed seeing his company’s stock get pummeled on Wall Street this summer, but he is relishing the opportunity to prove his critics wrong.

“I would rather be in a cycle where people underestimate us because I’d rather be underestimated,” Zuckerberg said Tuesday. “I think it gives us the latitude to go out and make some big bets.”

Zuckerberg, 28, made his remarks before a standing-room-only audience at a tech conference in San Francisco in his first interview since Facebook Inc.’s rocky initial public offering in May.
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AP

Yahoo swept out Scott Thompson as CEO Sunday in an effort to clean up a mess created by an exaggeration about his education that destroyed his credibility as he set out to turnaround the long-troubled Internet company.

Ross Levinsohn, who oversees Yahoo’s content and advertising services, is taking over as interim CEO. He becomes the fourth person to run Yahoo in eight months.
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Facebook

Don’t let the hoodie and sneakers fool you. Mark Zuckerberg is no wet-behind-the-ears CEO.

Facebook’s chief executive turns 28 on Monday, setting in motion the social network’s biggest week ever. The company is expected to start selling stock to the public for the first time and begin trading on the Nasdaq Stock Market on Friday. The IPO could value Facebook at nearly $100 billion, making it worth more than such iconic companies as Disney, Ford and Kraft Foods.
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AP

A disgruntled Yahoo shareholder questioned the qualifications and integrity of recently hired CEO Scott Thompson after exposing a misrepresentation about the executive’s education.

The fabrication confirmed Thursday by Yahoo Inc. gives New York hedge fund manager Daniel Loeb more artillery as he tries to topple a board of directors favored by Thompson, who became CEO of the troubled Internet company four months ago.

Loeb, whose fund Third Point owns a 5.8 percent stake in Yahoo, gained more leverage when he discovered Thompson doesn’t have a bachelor’s degree in computer science from a small college in Easton, Massachusetts, as Yahoo stated in a regulatory filing last week.
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Fox Business

Yahoo  named PayPal President Scott Thompson its new chief executive Wednesday morning, replacing former CEO Carol Bartz, who was fired in September.

Thompson is replacing interim leader Tim Morse, who will resume his role as chief financial officer. The move is a part of Yahoo’s ongoing strategic review as it struggles to compete against web majors Google and Facebook, among others. View full article »

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