executive Archives - Elite Sites

Facebook’s CEO and wife to give 99 percent of shares to their new foundation

December 2, 2015December 3, 2015 admin among-the-cases, currently-worth, european-union, executive, governor-arnold, human-potential, melinda-gates, paltry-compared, proposal-agreed, san, the-companies

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Mark Zuckerberg will put 99 percent of his Facebook Inc shares, currently worth about $45 billion, into a new philanthropy project focusing on human potential and equality, he and his wife said Tuesday in a letter to their newborn daughter. The plan, which was posted on the Facebook founder and chief executive officer's page, attracted more than 570,000 “likes,” including from singer Shakira, former California Governor Arnold Schwarzenegger and Melinda Gates, wife of Microsoft founder Bill Gates

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Twitter to pay Kordestani annual base salary of $50,000

October 16, 2015 publisher 254-7-million, allay-concerns, barry-diller, executive, google-as-its, initial-public, kordestani, mobile-payments, role-as-head, ventura

(Reuters) – Twitter Inc said it would pay new Executive Chairman Omid Kordestani an annual base salary of $50,000 and a one-time grant of options to buy 800,000 shares of the microblogging website operator. Kordestani's appointment was a move by Twitter to allay concerns about Dorsey's dual role as head of mobile payments company Square Inc.

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Tinder says founder Sean Rad returning as CEO

August 13, 2015 creative also-serves, announcement, being-replaced, chris-payne, executive, match, online, payne-as-saying, the-executive, tinder-blatt, wednesday

(Reuters) – Online dating application Tinder said on Wednesday night that it had re-appointed the app’s founder, Sean Rad, as its chief executive. Rad returns after being replaced in March by former eBay Inc executive Chris Payne CEO. “We mutually determined that this wasn’t going to be optimal and thought that a quick transition served everybody best,” the company statement quoted Payne as saying.

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Microsoft, Getty Images settle dispute over online photo tool

April 7, 2015 publisher carbon-monoxide, clothes-while, executive, hood, microsoft-corp, release-the-two, satya-nadella, thomson-reuters

By Andrew Chung NEW YORK (Reuters) – has dropped its lawsuit against Microsoft Corp over alleged “massive” copyright infringement, announcing on Tuesday a plan to amicably bring Getty's photos to Microsoft's Internet search engine and devices.

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Informatica to go private in $5.3 billion leveraged buyout

April 7, 2015 admin carbon-monoxide, clothes-while, devika-krishna, executive, permira-funds, private-equity, software-maker, thomson-reuters

By Devika Krishna Kumar and Greg Roumeliotis (Reuters) – Business software maker Informatica Corp said it would be bought for about $5.3 billion by private equity firms Permira Funds and Canada Pension Plan Investment Board (CPPIB), in the biggest U.S. leveraged buyout so far this year. Informatica shareholders will get $48.75 per share in cash

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Alibaba meets with China regulator, controversial report retracted

January 31, 2015 publisher china, chinese, executive, gestures-during, mountain-resort, official, regulator, session, sold-on-alibaba, state, swiss

(Reuters) – The head of China's commerce regulator met with Alibaba Group Holding Ltd chairman Jack Ma on Friday to discuss combating fake products, the official Xinhua news agency reported, with the two adopting a conciliatory tone after a row over illegal business on the Internet company's platforms. The meeting took place the same day the regulator, the State Administration for Industry and Commerce (SAIC), backtracked on an earlier report that had excoriated the Chinese online commerce company for not doing enough to suppress counterfeiting on its websites.