Committee Says RIM CEO, Chairman Can't Be Same Person
A committee investigating the leadership structure at Research In Motion has decided that whoever serves as Chairman of the Board may not also be an employee of the company. It recommends that the company change its organizational mandate to reflect this decision. RIM's board recently removed co-CEOs Mike Lazaridis and Jim Balsillie, who also served as co-Chairmen of the Board. RIM replaced Lazaridis and Balsillie with Thorsten Heins as CEO, and appointed Barbara Stymiest as the new chairperson. This new structure ensures the board will act independently of company management.
Steve Ballmer Leaves Microsoft's Board
Steve Ballmer today resigned from his position on Microsoft's board of directors effective immediately. Ballmer left the company's CEO post just six months ago, but said in a letter to current CEO Satya Nadella he felt his new obligations as owner of the LA Clippers, among others, will keep him too busy to participate meaningfully on Microsoft's board moving forward.
Yahoo May Sell Its Core Internet Business
Yahoo is weighing whether or not it should sell its core business, sell its interests in Alibaba, or both, according to the Wall Street Journal. The decision will be entertained at a series of board meetings to be held this week.
Jack Dorsey Named Twitter CEO
Twitter today moved to make Jack Dorsey its permanent CEO. Dorsey, who co-founded Twitter in 2006, has served as interim CEO since June when then-CEO Dick Costolo stepped down.
ZTE Changes Leadership to Appease US
ZTE has moved forward with plans to replace its top executives in a step meant to help ease tension with the U.S. Department of Commerce.