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Greg Brown, Motorola Inc.'s president and CEO, said the firm would create two independent, publicly traded companies as part of a strategic realignment (started on Jan. 31) of its mobile devices and broadband and mobility solutions businesses. Moto, which has yet to name a new CEO, said the separation will...
Posted on March 26, 2008 9:07 AM
Electronic Arts Inc.'s chief financial officer Warren Jenson, presumably a chief architect of EA's hostile bid for Take-Two Interactive Software Inc., is leaving the firm. Jenson cited a need to write the next chapter in his career. He has served as EA's CFO since 2002 and will stay with the...
Posted on March 25, 2008 3:05 PM
New York's E*Trade Financial Corp. elected chairman Donald Layton as CEO. Layton, a former vice chairman of J.P. Morgan Chase & Co., told the WSJ he might consider a sale if it made sense for shareholders. Back in November there was speculation of a sale after the company's share price...
Posted on March 3, 2008 3:52 PM
Michel Mayer, chairman and CEO of Austin, Texas-based Freescale Semiconductor Inc., has decided to step down. Mayer (pictured) joined the firm in 2004 and navigated the transition from being a Motorola Inc. division to a public company that summer. Two years later, he was leading the company through the...
Posted on February 8, 2008 3:22 PM
Nothing reinforces more the view that corporate chieftains are overpaid than the sums awarded CEOs given the boot. Early this year, Robert Nardelli's $210 million severance package, after he'd presided over a steep drop in Home Depot Inc.'s market value, made headlines for its extravagance. But Nardelli's isn't the...
Posted on August 15, 2007 6:03 PM
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