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Executive out migration continues at tech giants

Posted on July 23, 2008 at 9:40 AM
Filed under: Acquisitions | Movers & Shakers | People
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michael_adair.pngMy there's a lot of movement among top executives at the country's technology giants. The latest is Michael Adair (pictured), who has left Google Inc., where he headed North American sales finance, to be vice president of corporate development and finance at the start up Glam Media. Glam is a vertical ad network targeting women that in February raised $84.6 million in a Series D funding and could be looking to do acquisitions.

Yesterday, we told you how Jorge Espinel, AOL's former global head of corporate strategy and M&A, had joined  Velocity Interactive Group, a venture capital firm founded by past AOL chairman and chief executive Jonathan Miller. And in June, we reported that Chris Bolte, who led strategic alliances at Yahoo! for seven years, was the latest in a string of Yahoo! execs to leave the company. (We're still trying to figure out where he landed.)

Why all the departures? The uncertainty at Yahoo! - and AOL to a lesser degree - may be a factor. Top talent is often the first to leave - or be lured away - when a company's future is clouded. But what about Adair? A senior position at Google would no doubt be the pinnacle of a career for many tech executives. On the other hand, Glam Media is a company on the rise in a groundbreaking sector. (Kind of like Google 10 years ago). It could be simply that the chance to lead dealmaking at Glam was too enticing to pass up. - Suzanne Stevens


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