Technology, Ceo | featured news

Struggling online deals pioneer Groupon has ousted its quirky founder and CEO Andrew Mason amid worries that people are tiring of the myriad of online restaurant, spa and Botox deals that Groupon built its business on.

Let's get one thing straight: It wasn't Andrew Mason's personality that got him fired as CEO of Groupon today. If the local discounts service were doing well -- and not taking one body blow after another from a Wall Street disappointed with its results and skeptical of its promise -- he would have a job tomorrow morning, and for a long time to come. Mason's penchant for antic behavior that highlighted his immaturity and called into question his seriousness as a leader didn't cause that.

Apple Inc CEO Tim Cook acknowledged on Wednesday that his shareholders were disappointed with a five-month slide of more than 30 percent in the company's share price, but urged a focus on the longer term.

Talks between Dell Inc and a consortium led by its founder and chief executive Michael Dell to take the world's No.3 PC maker private were still on track on Monday, with negotiations focusing on a price of between $13.50 and $13.75 per share, a person familiar with the matter said.

Emails from former Apple CEO Steve Jobs, published below, are at the center of a lawsuit that that connects the tech industry's most powerful executives and companies. Five tech workers are suing Apple, Google, and Intel. They say that top executives at these companies agreed to not hire each other's employees.

In Meg Whitman's first full year on the job as Hewlett-Packard's chief executive, she received compensation valued at $15.4 million, according to H-P's proxy filing.

Hulu Chief Executive Jason Kilar will leave the online video service in the first quarter, he disclosed Friday in a blog post.

The US state department says a planned visit to North Korea by Google chairman Eric Schmidt is not "particularly helpful".

Netflix raised Chief Executive Reed Hastings's compensation package to $4 million for 2013, essentially doubling his pay this year.

Apple Inc CEO Tim Cook's 2012 compensation package of just over $4 million is a huge cut on paper for the top executive of the most valuable U.S. corporation, after a 2011 package fattened by more than $376 million in long-term stock awards.