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LightSquared CEO steps down, will remain chairman of the board

February 28th, 2012

LightSquared on Tuesday announced that Sanjiv Ahuja has resigned from his role as chief executive officer. Chief network officer Doug Smith and and CFO Marc Montagner will serve as interim co-CEOs, and Ahuja will continue to serve as chairman of the board. Additionally, LightSquared’s billionaire founder Philip Falcone has been appointed to the company’s board of directors …

Yahoo co-founder and former CEO Jerry Yang resigns

January 17th, 2012

Co-founder and former CEO Jerry Yang has resigned from all of his positions with Yahoo, the company announced in a press release on Tuesday. Yang co-founded Yahoo in 1995 with David Filo and served as a member of the Board of Directors since March 1995. Yang was also the company’s CEO from June 2007 to January …

Carol Bartz surrenders spot on Yahoo board

September 13th, 2011

“I want to make sure that the employees don’t believe that I’ve abandoned them. I would never abandon them.” Those are the words of former Yahoo chief executive officer Carol Bartz who was fired from the firm over the phone last week but who said she would remain on the company’s board. Bartz no longer …

Apple co-founder Steve Wozniak discusses Jobs's departure from CEO role

August 25th, 2011

The tech world erupted Wednesday night as Apple visionary Steve Jobs announced that he was stepping down from his role as CEO, passing the torch to former chief operating officer Tim Cook. Every analyst and pundit who was awake had his or her say on the matter, but one man in particular offered his thoughts …

Acer CEO resigns as company hits rough patch

March 31st, 2011

It appears as though Acer founder Stan Shih will get his wish, as news of CEO Gianfranco Lanci’s resignation could mark the start of a much needed overhaul. Shih, who retired from the company in 2004, said on Tuesday that Acer is in need of an overhaul and a shift in focus from being a …

Clearwire CEO resigns, two more top execs will soon follow

March 10th, 2011

Clearwire on Thursday announced that CEO and director of the board Bill Morrow will resign effective immediately. Morrow cites personal reasons for his resignation and he will continue to serve as an advisor to the company while the interim CEO, chairman of the board John Stanton, transitions into his new role. “I would like to …

WSJ: three Sprint executives resign from Clearwire board

September 30th, 2010

The Wall Street Journal is reporting that three sprint executives — Dan Hesse, Keith Cowan, and Steven Elfman — have resigned from WiMAX network-operator Clearwire’s board. Sprint informed the WSJ that they would appoint “independent successor directors” within the next few months; Sprint has named its general counsel, Charles Wunsch, as an observer in the …

Oracle CEO Larry Ellison calls HP CEO firing "cowardly"

August 11th, 2010

Last Friday, HP CEO Mark Hurd resigned amidst sexual harassment allegations that his former employer chose to make public. Monday, in a letter to the New York Times, Oracle CEO Larry Ellison did not mince words about his thoughts on the forced resignation of Mr. Hurd. “The H.P. board just made the worst personnel decision since …

HP CEO resigned amidst sexual harassment allegations

August 6th, 2010

This is not how you want to start your weekend. The Wall Street Journal is reporting that HP CEO Mark Hurd has resigned, effective immediately, due to sexual-harassment allegations. In a statement, Mr. Hurd said: “As the investigation progressed, I realized there were instances in which I did not live up to the standards and principles of …