After Dec. 28, co-founder will just be chairman
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Nike co-founder Phil Knight, who at 24 sold shoes out of his car before eventually helping build the most lucrative footwear and apparel company in the world, announced Thursday that he would
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(InfoWorld) - The chairman of the world's largest contract electronics manufacturer, which assembles gadgets from AppleÂ iPods to Nintendo's Wii game console, pledged NT$15 billion (US$454.4 million) to Taiwan's most prestigious university to build a new cancer ward and fund research against the disease. Terry Gou, chairman of Hon Hai Precision Industry Co. Ltd., which operates under the trade name Foxconn, signed a memorandum of understanding with the president of National Taiwan University on Tuesday in Taipei, a spokesman at his company said. The majority of the donation, NT$10 billion, will go towards building a 500-bed clinic for cancer patients, while the remainder has been earmarked for cancer-related biomedical research at the National Taiwan University Hospital. Cancer is a personal issue for Gou. His wife died of complications related to breast cancer two years ago, and his younger brother passed away from leukemia at a hospital in China this past July. In giving the gift, the Taiwanese mogul joins other major technology industry philanthropists on a growing chorus of giving. Microsoft Chairman Bill Gates, for example, has pledged much of his multi-billion dollar fortune to the Bill & Melinda Gates Foundation. In addition, Microsoft co-founder Paul Allen, CEO Steve Ballmer, Dell founder and CEO Michael Dell, and OracleÂ founder and CEO Larry Ellison have all graced the pages of Forbes Magazine's list of top philanthropists.
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LOUISVILLE, Ky.  New chairman not from family  Brown-Forman Corp., producer of the Jack Daniel's and Southern Comfort, will for the first time be led by a chairman not descended from the founder of the 137-year-old beverage company.
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Eastman Kodak Co.  on Tuesday said Frank Sklarsky, chief financial officer of ConAgra Inc. , will take the same post at Kodak, succeeding Bob Brust, who announced early in the year his intention to retire by January 2007.
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Just days after Yahoo! (YHOO ) launched the biggest makeover of its Web site in two years, one of its founders has said that&#39;s only the beginning.
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The Motley Fool - If you've ever had the entrepreneurial bug dig its teeth into you, odds are that you might take heart anytime a company's founder steps down and moves on. Granted, sometimes you have instances like Gateway's (NYSE: GTW - News) Ted Waitt and Apple's (Nasdaq: AAPL - News) Steve Jobs in which the originators come back to lead their companies, but that's rarely the case.
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The new CEO may want to shed non-strategic parts of the business.
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Come March, is there going to be less glimmer in the Starbucks (Nasdaq: SBUX) galaxy? Well, yes -- the news broke last night. The company&#39;s president and CEO, Orin Smith, will retire at that time after having
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NEW YORK -- BlackBerry maker Research In Motion Ltd.'s co-chief executive will give up the chairman's post after an internal probe identified a quarter-billion dollars in improper accounting for employee stock options at the mobile device company.
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Business & money: Billionaire Mike Ashley is understood to be preparing to install himself as chairman of the chain
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The retailer said that Bob Ulrich would retire as chief executive as of May 1, but will remain chairman through the end of fiscal 2008.
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Marshall Field&#39;s department stores will soon have both a new president and a chairman to replace the former leader who reaped a big profit from selling her stock.
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Founder and primary investor Mitchell Kapor is phasing out his involvement in the Open Source Applications Foundation.
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The longtime software executive, who came over from Apple in 1981, says he's not sure what he'll do when he leaves Microsoft in September, but it will probably be outside of tech.
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Terry Semel is stepping down as Yahoo&#39;s non-executive chairman, six months after handing over his CEO title to Jerry Yang.Semel is leaving the board effective immediately, Yahoo announced Thursday. He will be replaced as non-executive chairman by another board member, Roy Bostock, the company said.Semel was chairman and CEO of Yahoo for six years until he was replaced in a management shuffle last June. Yang, one of Yahoo&#39;s co-founders, was made CEO, and Semel was demoted to non-executive chairman.As CEO, Semel helped to build Yahoo&#39;s audience from 170 million to more than 500 million users. But he was also blamed for missteps that allowed Google to build a commanding lead in online search and advertising, prompting last year&#39;s reorganization.&quot;With the Company moving forward under new leadership, I believe this is an appropriate time for me to step down from the board,&quot; Semel said in the statement.He approached the board several months ago about leaving once a replacement could be found, Yahoo said.Bostock has a long history in the advertising industry, &quot;an area that is more important than ever to Yahoo&#39;s business and our long term success,&quot; the company said.On Tuesday&#160;Yahoo reported that net income for its fourth quarter declined&#160;to $206 million, from $269 million a year earlier. It also announced plans to lay off about 1,000 staff.Semel&#39;s departure from the board appears to mark the end of his tenure at Yahoo. Yang thanked him for &quot;his many contributions to Yahoo over the years&#160;-- and for helping to lay a firm foundation for future success and improved financial performance.&#8221;Bostock has been a board member at Yahoo since May 2003 and was elected unanimously by the board to replace Semel. From 1990 to 2000 he was chairman and CEO of D&#39;Arcy Masius Benton &amp; Bowles, and its successor advertising company The MacManus Group.
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Microsoft's chairman says the table PC idea is just the start.
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Bear Stearns Cos Inc  leader  Jimmy Cayne will relinquish his title as chief executive, but  remain chairman, the Wall Street Journal reported on Monday,  citing people familiar with the matter.