Richard D. Parsons, chairman at Citigroup Inc., has announced that he will step down after 16 years on the board. Parsons, 63, told fellow directors this afternoon that he doesn’t plan to stand for re-election at the April shareholders meeting in Dallas, according to sources. The Citigroup board is expected to name Michael E. O’Neill, [...]
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There used to be a time when we had a choice when it came to getting our news and information. Nowadays, not so much. Take, for example, the fact that, in 1983, 90 percent of the American media was owned by 50 different companies. Today, on the other hand, that same 90 percent is owned [...]
Continue reading " Media Consolidation: The Illusion of Choice (INFOGRAPHIC) "
The Stanford Graduate School of Business has received a $100 million gift, the second-largest gift in its history, and up to $50 million in matching funds, from Robert and Dorothy King for research into eliminating poverty in the developing world. The Stanford Institute for Innovation in Developing Economies that’s been created with the donation will [...]
Time Warer decided last night to “spin off” AOL into its own, independent comapny. The Time-Warner board of directors gave the move an “enthusiastic endorsement,” according to reports. What does this mean for AOL? Several inside sources would seem to indicate that CEO Tim Armstrong is prepared set to make major changes to the company’s [...]
Continue reading " Major Changes Coming to AOL, Will be Spun Off "
Image via CrunchBase The bloodshed continued today in the world of layoffs. Time Warner subsidiary AOL is laying off 700 employees because of weak economy and the ensuing drop in advertising revenue – but also due to recent structural reorganizations aimed at refocusing the company. AOL CEO Randy Falco sent out a memo this afternoon [...]
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