Skype said to be firing execs to reduce payouts

By on June 20, 2011 at 6:46 PM.

Skype said to be firing execs to reduce payouts

Skype has started to fire several of its executives in an effort to reduce payouts from its Microsoft purchase, Bloomberg reported on Monday. Among the execs being let go are vice presidents Christopher Dean, David Gurle, don Albert, and Russ Shaw, as well as chief marketing officer Doug Bewsher, and the head of human resources, Anne Gillespi. Two other execs from Skype’s Qik acquisition earlier this year — Ramu Sunkara and Allyson Campa — were also fired according to the report. This could possibly mean that the executives will lose any stock options that were not yet vested. Microsoft announced on May 10th that it was acquiring Skype for $8.5 billion, and the deal is still pending FCC approval. More →

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LG CEO fired due to poor performance in mobile

By on September 17, 2010 at 2:20 PM.

LG CEO fired due to poor performance in mobile

Today, Korean electronics company LG announced that its CEO, Nam Yong, would be stepping down; Mr. Yong was appointed to the position in 2007. Media outlets are reporting that a major factor in the firing was “declining mobile phone sales.” Yong will be succeeded by 59-year old Koo Bon-joon. Currently, Bon-joon is the head of the LG’s trading firm, LG International. More →

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