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CBS Chief Les Moonves Took Home $62 Million In Pay Last Year

April 15, 2013 By
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CBS CEO Les Moonves received $62 million in compensation last year, putting him in the ranks of "media executives [who] earned almost double the pay of Wall Street chiefs whose income drew scrutiny from Congress and activists," as Bloomberg put it. His compensation included a $20 million cash bonus for his "successes" as CEO, plus a $7.5 million cash bonus for the creation of "premium content" for CBS. The company did not describe in detail what those successes entailed, in its filing with … [Read more...]

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SLY STALLONE Settles Legal Beef With ‘Celeb’ Contractor

April 14, 2013 By
SLY STALLONE Settles Legal Beef With 'Celeb' Contractor Read more- http-::www.tmz.com:2013:04:13:sylvester-stallone-settles-lawsuit-contractor:#ixzz2QUBzGCXi Visit the TMZ Store- http-::tmzstore.com

Sly Stallone has settled a nuclear battle he was having on the homefront ... TMZ has learned. Sly put an end to his $1.4 million lawsuit against contractor Mohamed Hadid, who allegedly had charged top-of-the-line prices for a job that would have been unbecoming in a double wide. We don't know how much money changed hands, but sources connected with the case tell TMZ, "Sly was smiling." The actor claimed Hadid -- who has appeared on "Shahs of Sunset" -- charged him a fortune for … [Read more...]

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The VC World Returns to Its Operating Roots

April 14, 2013 By
The VC World Returns to Its Operating Roots

“You can’t go into Compton to rehabilitate gang members if you haven’t been a Crip.” — Ben Horowitz, co-founder of fast-rising venture outfit Andreessen Horowitz. Twenty years ago, the typical VC looked like a traditional banker, complete with an MBA and a background in finance. But a Wall Street background is becoming increasingly rare on Sand Hill Rd. The most coveted VCs are people who have built and scaled businesses, and who are deep in a particular domain. Why the … [Read more...]

Filed Under: Entrepreneurship Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

State Street electronic FX chief departs in shake-up

April 13, 2013 By
State Street electronic FX chief departs in shake-up

(Reuters) - State Street Corp (STT.N) said on Saturday the top executive of its electronic foreign exchange trading business has left the company in a leadership shake-up. The departure of Clifford Lewis raises questions about the direction of Boston-based State Street's high-frequency trading platform for forex called Currenex. Lewis was chief executive and chairman of Currenex when State Street agreed in 2007 to buy the company for nearly $600 million in cash. "Because we have … [Read more...]

Filed Under: Business Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Lindsay Lohan Heads To Coachella Prior To Rehab

April 13, 2013 By
Lindsay Lohan Heads To Coachella Prior To Rehab

In an interesting move for a person attempting to stay on the straight and narrow, Lindsay Lohan headed to the Coachella Valley Music and Arts Festival on Friday night. The troubled actress, who is due at court-mandated rehab in two weeks, was photographed heading into the famed event with her 16-year-old brother Cody. Lindsay wore her hair down --obligatory Coachella braid included — with short black booties, teeny cut-off shorts, a long-sleeved, striped half shirt (showing off … [Read more...]

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Scoop: Juniper, Ericsson go for OpenStack gold

April 13, 2013 By
openstacklogo1-e1347041812450

The two networking powers have applied to become Gold members of the foundation that governs the OpenStack open-source cloud effort. The OpenStack Foundation may get more networking mojo next week when Juniper Networks and Ericsson are on the ballot to become Gold members of that organization. Both companies are already corporate sponsors but have applied to join the foundation itself and their applications will be voted on on Monday, according to the agenda for Monday’s OpenStack … [Read more...]

Filed Under: Technology Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

Microsoft’s vision of our future is big screens and big data

April 12, 2013 By
Microsoft’s vision of our future is big screens and big data

Microsoft had a handful of journalists at its new Envisioning Center last week to show off its latest and greatest technology. Here’s what it demonstrated. What do you get when you cross a massive touchscreen, a Kinect, some sort of computing device and a whole lot of data-processing technology? You get Microsoft’s vision of our digital future, both at home and in the office. The company’s struggles to shift from a desktop-and-server-based world to a mobile-and-cloud-based world … [Read more...]

Filed Under: Microsoft Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Cisco’s SDN strategy update looks like realpolitik redux

April 12, 2013 By
cisco

Cisco’s plans to fight back against commoditization of its business are now clear. And the strategy should work … for a while. Want to see the death of dreams played out in the world of hardware giants? Check out Cisco’s dogged efforts to keep its proprietary and vertically integrated networking gear and its margin relevant as open-source protocols and controllers invade the market. Last week Cisco offered an update on the beta customers using its new OnePK program to implement … [Read more...]

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Facebook Home is now live and ready to download

April 12, 2013 By
Facebook Home is now live and ready to download

After a morning of waiting, Facebook has finally made Facebook Home available in the Google Play Store. Only a limited number of handsets are supported for Facebook Home right now, including the HTC One X and One X+, the Samsung Galaxy S III and Note II, and the forthcoming HTC One and Samsung Galaxy S4. Facebook Home is also included out-of-the-box with the new HTC First. Facebook Home enables you to take advantage of new features like Cover Feed, which essentially runs a slideshow of … [Read more...]

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What Would Apple-Yahoo Deal Spell?

April 10, 2013 By
2013-01-03T064007Z_1_CDEE9020IJH00_RTROPTP_2_HONGKONG

Apple and Yahoo are in talks to see what new role Yahoo might play on iOS devices. If it happens, the deal could further sour Apple's relationship with Google. Apple wants to rely less on Google's services on its iPhone, but it isn't ready to fully cut ties with the search and advertising company. Now Apple is holding discussions with Google's rival, Yahoo, about how to place more Yahoo-generated content on the iPhone. Though talks are in progress, no deal is imminent, according to … [Read more...]

Filed Under: Technology Tagged With: , , , , , , , , , , , , , , , , ,
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