Nike Co-Founder Knight Steps Down as CEO
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Nike Inc.  co-founder Philip Knight, who helped transform a small start-up into the world's biggest athletic shoe company, will step down as chief executive officer, the company said on Thursday.
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Former CEO quits on heels of bad quarterly loss.
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Meg Whitman will soon step down as chief executive of eBay Inc., the online auction company that went from wobbly startup to multibillion-dollar household name in her 10-year tenure.
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EarthLink founder Sky Dayton said he&#39;s stepping down as CEO of Helio, a move that appears to be part of the plan to&#160;reduce EarthLink&#39;s position in the mobile company.Dayton will become chairman of Helio&#39;s board and Wonhee Sull, formerly Helio&#39;s president and chief operating officer, will take on the role of CEO. Sull was chief operations officer at the founding of Helio and prior to that worked for SK Telecom, which launched the mobile venture in a 50-50 partnership with EarthLink in 2006.A combination of market dynamics and challenges at EarthLink have recently led to changes in the Helio partnership. In November, EarthLink said it would reduce its ownership in Helio to about 22 percent, as part of an announcement of a new SK Telecom investment in the venture. At the time, EarthLink said it wasn&#39;t expecting to invest any more in Helio and that SK Telecom would take over operating control of the joint venture.EarthLink has been struggling&#160;as its traditional customer base of dial-up subscribers continues to shrink. It is working through a restructuring aimed at reversing its losses, including putting its municipal Wi-Fi plans on hold and cutting back on sales and marketing spending.Beyond EarthLink&#39;s troubles, Helio faces a challenging market. Mobile providers that don&#39;t own their own networks, like Helio, have struggled recently. Amp&#39;d, a similar company geared toward young mobile users, filed for bankruptcy protection and put itself up for sale in the middle of last year, but ultimately shut down. ESPN Mobile and Disney Mobile have suffered similar fates.Even though Helio has big-spending users and plenty of cash, EarthLink expects the company to report a year-end loss for 2007 of as much as $360 million on revenue of as much as $170 million. That&#8217;s after SK Telecom and EarthLink started the company with a combined $440 million. Since then, both companies have made additional investments.Helio has almost 200,000 subscribers who beat industry averages by some metrics, the company said. On average, Helio users spend more than $85 per month, compared with an industry average of $50, Helio said. In addition, Helio customers send an average of 550 text messages per month, and 95 percent of Helio users access the Web from their phones, according to the company.
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Nike boss Phil Knight last night announced his decision to step down as chief executive of the footwear company he helped found 42 years ago.
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(InfoWorld) - Google is losing its CFO, George Reyes, who has decided to retire, the company said Tuesday. There doesn't appear to be any controversy associated with Reyes' departure, which is expected to happen by the end of the year. In fact, Reyes will assist Google in the search for his replacement, Google said. In a press release, Google CEO Eric Schmidt expressed admiration for Reyes and said the company will miss "his thoughtfulness, good humor, and wisdom." As Google's CFO for the past five and a half years, Reyes oversaw critical financial events at the company, including its unorthodox and closely watched initial public offering as well as the challenges and complexities of a global, fast-growing Internet company. In the statement, Reyes called his Google tenure "an extraordinary ride," and Google co-founder Larry Page praised him for helping Google balance financial discipline and entrepreneurial culture. Reyes came to Google in 2002 from ONI Systems, where he served as interim CFO. Earlier, he spent 13 years at Sun, where held various high-ranking finance jobs.
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Meg Whitman will soon step down as chief executive of eBay Inc., the online auction company that went from wobbly startup to multibillion-dollar household name in her 10-year tenure
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Philip H. Knight, the brash founder of Nike who became as synonymous with the sneaker brand as its swoosh logo, resigned yesterday as chief executive after more than 32 years at the helm.
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CEO Phil Knight names his successor at Nike.
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USA Track & Field (USATF) Chief Executive Officer Craig Masback has left the organization to join Nike, the USATF announced on Wednesday.
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Production giant's chief creative officer stepping down.
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The announcement Thursday that William Perez was leaving SC Johnson to take over as CEO of Nike Inc. surprised the business world.
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Nike Inc. said on Friday it had  terminated its contract with Atlanta Falcons&#39; quarterback  Michael Vick after he admitted in a plea agreement he took part  in an illegal, interstate dogfighting enterprise.
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Troubled retailer Sharper Image Corp.   on Tuesday said founder Richard Thalheimer has stepped  down as chairman and chief executive.
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Phil Knight stepped down as chief executive of Nike (NKE) on Thursday, replaced by William Perez, head of SC Johnson &amp; Son. Knight, co-founder of the athletic shoe and apparel maker
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Hewlett-Packard Co. CEO Mark Hurd this afternoon said in a news conference that HP Chairman Patricia Dunn is stepping down.
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Michel Mayer is leaving his dual role as chairman and CEO for the semiconductor company.