Technology, Ceo | featured news

Google Inc's stunning 54 percent spending surge in the first quarter spooked investors already worried its new CEO may take his eye off the bottom line to chase revenue growth.

Larry Page, who returned as chief executive of Google on Monday, put his stamp on how he will run the Internet giant with a major reorganization of his management team on Thursday.

Many customers of Web host GoDaddy.com have jumped ship after CEO Bob Parsons posted a video of himself shooting an elephant in Zimbabwe last week. More than 20,000 former GoDaddy users have
transferred their accounts to rival NameCheap.com, which promised to
donate 20 percent of the revenue raised to the nonprofit Save the Elephants.

RealNetworks (RNWK) this afternoon announced that CEO Robert Kimball has resigned. He’ll be replaced on an interim based by EVP Mike Lunsford; a search for a permanent replacement is underway. Kimball had held the top job since January 2010.

Twitter co-founder and former CEO Jack Dorsey said he is returning to the fast-growing company as head of product and executive chairman.

Apple shareholders have rejected a plan requiring the company to disclose a succession plan for its chief executive.

Alibaba.com CEO David Wei resigned after an internal investigation found that more than 2,300 sellers on the e-commerce site were committing fraud, sometimes with the help of Alibaba.com sales staff.

President Obama met with Apple CEO Steve Jobs and a glittering collection of executives Thursday to discuss promoting American innovation.

Google Inc co-founder Larry Page will take over as CEO from Eric Schmidt, a surprise that signaled Silicon Valley's most powerful Internet company was taking the offensive against fast-moving rivals like Facebook.

Hewlett-Packard Co is shaking up a board criticized by many as dysfunctional, bringing in five new directors including former eBay chief Meg Whitman, as new CEO Leo Apotheker remakes the company.