TiVo backer Aslop to leave VC firm
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Prominent venture capitalist at Silicon Valley's New Enterprise Associates wants to "see if I can design a working life for myself."
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Portal will reorganize into three new units; COO to leave.
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Firm follows AOL as second high-tech company to depart recently from Washington region.
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LOS ANGELES - Two weeks after powerhouse TV producer Carsey-Werner-Mandabach opted to stay independent in a field dominated by corporate giants, one of its partners said Wednesday she will leave the company to launch her own production enterprise.
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(InfoWorld) - A CFO who helped Nortel Networks recover from an accounting scandal and years of poor results is leaving the company after about two years on the job. Peter Currie, also an executive vice president, will leave April 30 to take on unspecified new challenges, according to a Nortel statement. The Brampton, Ontario, company is searching for a replacement. After Currie leaves, he will provide advice and assistance to ensure a smooth transition, the company said. Currie has spent much of his career at Nortel, including as CFO from 1994 to 1997. He returned in February 2005 following a scandal in 2004 that led to financial restatements and the firing of CEO Frank Dunn, CFO Douglas Beatty, and Controller Michael Gollogly. Currie replaced another CFO, William Kerr, who had stepped in after Beatty to complete the restatements. Under current President and CEO Mike Zafirovski, who took the helm in October 2005, Nortel has undergone a major restructuring and several management changes. Zafirovski has tried to focus the wide-ranging company, which faces many strong competitors, most notably Cisco Systems. Last year, Nortel formed a partnership with Microsoft to develop products for IP communications. Currie has steered Nortel through difficult financial issues and improved its corporate governance, Zafirovski said in a written statement. To have a complete facelift, Nortel needs more change in the executive ranks under Zafirovski, said Yankee Group analyst Zeus Kerravala, a long-time Nortel watcher. Customers want a clearer picture of where Nortel will focus its investments, especially now that it's working with Microsoft, he said. "There are a lot questions as to what Nortel looks like five years from now, but even next year," Kerravala said.
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Plaintiff lawyer William S. Lerach, who has brought scores of cases on behalf of defrauded shareholders, has told clients and others that he is leaving the California law firm he started three years ago, according to two people briefed on the issue.
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A CFO who helped Nortel Networks recover from an accounting scandal and years of poor results is leaving the company after about two years on the job.
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Ask.com CEO Jim Lanzone is quitting after six years with the company, to join a venture capital firm. His replacement, Jim Safka, currently heads Primal Ventures, the venture capital division of Ask.com&#39;s parent company IAC.The moves are intended to streamline the operating structure of IAC as it prepares to spin off some of its operations, said Barry Diller, CEO of IAC.The group plans to turn its HSN (Home Shopping Network), Ticketmaster, Interval International, and LendingTree activities into separate, publicly traded companies.Lanzone was responsible for a &quot;turnaround&quot; at Ask.com over the last two years, Diller said in a statement.However, Ask.com&#39;s share of the U.S. search market is small: it had just 4.6 percent of the market in November, compared to 9.8 percent for Microsoft, 22.4 percent for Yahoo, and 58.6 percent for Google, according to market watcher Comscore. Ask.com&#39;s share has fallen from 5.2 percent in March, according to Comscore figures.Ask.com is going down fighting, though: in November, it struck a deal with Google said to be worth up to $3.5 billion to display sponsored search listings for its larger rival.It has also tried to differentiate itself from the other search engines by promising to protect its users&#39; privacy and erase personal data stored about the searches they make.Ask.com&#39;s new CEO Safka will be aided by Scott Garell who, in the role of president, will manage Ask.com&#39;s daily business operations, the company said. Garell is currently head of IAC&#39;s consumer applications and portals business, which includes the Evite service.Ex-CEO Lanzone become an entrepreneur-in-residence at Redpoint Ventures. That company&#39;s past investments include Excite, MySpace, TiVo -- and Ask.com itself.&#160;
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Bruce Jaffe, who spearheaded Microsoft's acquisitions activity, will leave the company in February.
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The future of video teleconferencing is here, backers of this new technology claim. Top execs could soon be earning fewer frequent flier miles.
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Michel Mayer is leaving his dual role as chairman and CEO for the semiconductor company.
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The Microsoft executive who had led the effort to close the gap on Google is leaving the company.
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The head of telecom equipment maker  Ericsson's  Redback Networks unit is leaving his  executive position to become vice chairman of the unit,  Redback's chairman said on Thursday.
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AOL said yesterday that its chief financial officer, Stephen Swad, plans to leave the firm for a position at a private-equity firm.
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Just nine months after the $5.4 billion deal, ATI's former CEO has left the combined companies.
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Mike Ramsay, the co-founder of digital video recording pioneer TiVo Inc., is stepping down as chief executive as the company reshapes itself and struggles to fend off stiffening competition.
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Production giant's chief creative officer stepping down.