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Give Me One Reason
Tracy Chapman & Eric Clapton

Saint 2.0

Friday, June 27, 2008
movers and shakers | 4:19 PM

June 27, 2008
Bill Gates exits Microsoft
SAN FRANCISCO - MACINTOSH computer fanatics won't have Mr Bill Gates to kick around anymore.

The Microsoft co-founder and driving force in the company, whose boyish face and nerdy manner epitomises the US software colossus, spends his last day at the office on Friday.

However Mr Gates, 52, remains chairman of the Microsoft board of directors and the company's largest shareholder.

After decades devoted to Microsoft, Mr Gates turns his attention full time to the philanthropic Bill and Melinda Gates Foundation he established with his wife.

Yahoo shakes up management team

SAN FRANCISCO - YAHOO is setting up a new chain of command amid the turmoil triggered by the embattled Internet icon's snub of Microsoft's US$47.5 billion (S$64.8 billion) takeover bid.

Under the new pecking order announced on Thursday, Yahoo Executive Vice-Presidents Hilary Schneider and Ash Patel are being given expanded responsibilities over the Sunnyvale-based company's products and sales teams.

Ms Schneider, a former newspaper executive, has been moving up the ranks since she joined Yahoo in September 2006. Mr Patel has played a key role in developing many of Yahoo's most popular products, including its finance section and instant messaging service, since joining the company 12 years ago.

Yahoo also is reorganising its technology division in an effort to use its computing power more effectively and improve the coordination between its product developers and engineers.

This is the third time in 19 months that Yahoo has redrawn its management chart as it tries to snap out of a financial malaise that has ravaged its stock price, jeopardised its independence and demoralised employees.

In the other two shake-ups since November 2006, Chief Operating Officer Mr Dan Rosensweig and Chief Executive Mr Terry Semel resigned.

This time, both of Yahoo's top executives - Co-Founder and CEO Mr Jerry Yang and President Ms Susan Decker - are staying put despite shareholder unrest about the company's recent decisions.

Ms Decker said in an interview that she and Mr Yang had been working on the latest changes for several months as part of the company's efforts to become a one-stop destination for online advertisers and build an even more appealing website for consumers.

The overhaul comes as the company tries to fend off a shareholder mutiny led by activist investor Mr Carl Icahn and to fill a leadership vacuum created as dozens of senior managers and top engineers have headed for the exits during the past year.

The exodus has accelerated since Yahoo signalled a lack of faith in its own technology earlier this month by turning to Internet search leader Google to help boost advertising revenue.

Samsung unveils management shakeup to boost transparency

SEOUL - SAMSUNG unveiled measures on Wednesday to bring more transparency to its management structure following a scandal that led to the resignation of its chairman, but critics said the reform did not go far enough.

In April, Chairman Lee Kun Hee stepped down after 20 years as chief of South Korea's biggest conglomerate in the aftermath of his indictment on tax evasion and other charges. The charges followed high-profile special prosecutors' probe into the conglomerate.

adapted from The Straits Times

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