Viacom CEO Is Ousted Over Stock Slump
34916
A slumping stock price led to the ouster of Viacom Inc. chief executive Tom Freston yesterday, company executive chairman Sumner M. Redstone said, only eight months after Freston entered the job as a ballyhooed media baron on the rise.
728937
The chief executive of media giant Viacom expressed reservations Thursday about Google's plan to enter YouTube content into a database and give owners the chance to take down the material.Viacom is suing Google for $1 billion over content being used on Google's YouTube Web property without permission. Speaking at the Web 2.0 Summit event San Francisco, Viacom President/CEO Phillipe Dauman expressed a willingness to work with online media properties but was skeptical of the Google plan, called Video Identification.Dauman said he had an open mind about reaching an agreement and that the announcement of Video Identification was a positive evolution. But it is not enough."I don't think we're quite there" said Dauman. Google, he said, can do things quickly if it wants to, he added. "I guess they haven't wanted to at this point," Dauman said.Google wants a proprietary system that benefits just one company, but the solution has to be a cooperative effort, said Dauman. He added he suspects Viacom at some point in the future will work with Google. The company does have a good relationship with Facebook, he said.Viacom has had its defenders, according to Dauman. "A lot of the technology companies out there welcome what we do," he said. Companies have said it was about time somebody took a stand, Dauman added.Like Google, Viacom has to protect its intellectual property. "I don't see their algorithms being shared openly with competitors," said Dauman."We took a step reluctantly because we had to," he said.Content producers need to be rewarded for what they do, Dauman said. "That nurtures creativity," he said.Viacom was part of a group of media and technology companies, along with vendors like CBS and Microsoft, that detailed Thursday principles intended to enable growth and development of user-generated content online while respecting intellectual property rights.Featured in these principles is implementation of filtering technology to eliminate infringing content; upgrading of technology and cooperation in technology implementation, and development of procedures to address claims that content was blocked in error. Removal of content also is addressed.Google was not a party to Thursday's announcement.
353462
NEW YORK: PeopleSoft Inc., which is trying to fight off a hostile takeover by rival Oracle Corp., on Friday said its board had ousted President and Chief Executive Craig Conway due to &quot;a loss of confidence&quot; in his ability to lead the software company.
61830
Mel Karmazin, who quit as president of Viacom after a power struggle with his boss, has resurfaced as the new chief executive of Sirius Satellite Radio.
72720
On 1 October 2004, PeopleSoft&#39;s board of directors terminated Conway as president and CEO, citing a &quot;loss of confidence&quot; in his ability to lead the company.
699850
Viacom Inc. (VIAb.N) on Tuesday said  President and Chief Executive Tom Freston resigned and will be  replaced by Philippe Dauman, a longtime associate of the  company's chairman Sumner Redstone.
82817
Amcor, the worldâs biggest maker of plastic bottles, ousted its chief executive after finding some staff may have acted illegally to drive up cardboard box prices, knocking 10 per cent off its shares.
685750
Mr. Elkes rose to become president of Viacom and oversaw some major acquisitions, which began the transformation of Viacom into a major entertainment company.
412623
Viacom Inc.  has demanded that Google Inc.'s  online video service YouTube pull down all of its video clips after they failed to reach an agreement, the company said.
654758
ATLANTA - The head of the Cartoon Network has resigned after a marketing stunt that caused a terrorism scare in Boston.  The announcement of Jim Samples' resignation came Friday in an internal memo to Cartoon Network staff.  Mr.
530107
By The Associated Press  Events leading up to the boardroom scandal at Hewlett-Packard Co. over the company's investigation of media leaks:  - Feb. 9, 2005: Board member Patricia Dunn announces that Chief Executive Carleton Fiorina has been fired.
215412
The president of Cartoon Network resigned Friday after a misguided guerrilla ad campaign caused a widespread bomb scare in Boston.  Jim Samples will leave his management position immediately, said the network, a unit of Time Warner Inc.'s Turner Broadcasting.
505849
Blockbuster Inc. BBI.N on Wednesday  posted a $1.42 billion quarterly loss due to large impairment  charges prompted by Viacom Inc.'s VIAb.N spin-off of the  video chain and also said its chief operating officer was  resigning.
113983
Chief executives have been an embattled group lately. Bristol-Myers Squibb (BMY), Ford (F) and Viacom (VIA, VIA.B) each replaced their top executives in recent days.
480039
TiVo Inc. , the digital video recorder maker that faces competition from cable television providers, on Tuesday said President Marty Yudkovitz has resigned, only weeks after Chairman Michael Ramsay said he would step down as chief executive.
115405
PeopleSoft&#39;s board ousted Craig Conway as CEO after he made a misleading statement about the company&#39;s ability to recruit customers while fending off Oracle&#39;s $7.
81402
Yahoo Inc. Chairman Terry Semel stepped down as chief executive in a surprise move Monday, ending his increasingly ineffectual pursuit of online search leader Google Inc. &#151; a losing battle that had demoralized Yahoo's shareholders and employees.