Yahoo published on Monday its version of the details of the failed merger talks with Microsoft, as the Internet pioneer heads toward the frontlines of its proxy battle with investor activist Carl Icahn.
Yahoo, which wants its current nine-member board to be re-elected at its annual shareholders meeting on August …
Corporate fraud didn’t start with Enron, Tyco, and WorldCom and it didn’t end with them, either. Fraud is rampant in the technology industry. What most employees, investors, and consumers don’t realize is how much it costs them.
Excuse me for stating the obvious, but you’d be surprised how many people think there’s some magic pile of dough somewhere that pays for companies to comply with investigations, contest charges, and remedy issues. In fact, the costs are born primarily by the corporation. That means it comes right out of shareholders’ and employees’ pockets. Consumers also pay, albeit indirectly.
And yes, we’re talking about costs that materially impact earnings, balance sheets, and cash flow. We’re talking about internal and outside lawyers, accountants, consultants, crisis PR, D&O (directors and officers) insurance, Sarbanes-Oxley compliance, exit packages, and even recruiting costs to replace executives.
Of course, the biggest cost is in terms of loss of market capitalization.
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On July 25, 2000, an Air France Concorde ran over a piece of titanium debris while taking off from Charles de Gaulle International Airport. Minutes later 113 people perished in a ball of fire.
Most airports rely on visual inspections to keep runways clear of foreign objects and prevent what …
Google Maps has formed a five-year partnership with Tele Atlas, the Belgium-based mapping company that was already providing it with geographic information systems (GIS) data.
Under the new agreement–financial terms were not disclosed–Tele Atlas will provide maps and “dynamic content” for Google Maps in over 200 countries. Tele Atlas will …
Break the law, get a free headset?
It might sound a little odd, but online retailer Headsets.com has decided to make that idea the focus of a new marketing and educational campaign related to the new hands-free legislation that takes hold Tuesday in California and Washington.
In effect, if …
Harvey Levin, TMZ's managing editor, was among those at the company who recognized that the Web and digital technology could give it an advantage over rivals.
(Credit: Craig Mathews/Warner Bros.)
Alec Baldwin, Lindsay Lohan, and Kramer from Seinfeld may despise TMZ.com, but that hasn’t stopped
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To unseat iTunes as lord of digital music, challengers are falling over themselves to strip copy protections off music.
Apple’s iTunes still wraps most of its music in digital rights management software, and the latest to try to exploit this perceived vulnerability is RealNetwork’s Rhapsody. The music service, …
Web surfers who do research on Parrot headsets will find this marketing campaign related to the new law: a playful petition to make the parrot California's new state bird.
(Credit: Parrot)
A good number of Californians think the state’s new hands-free cell phone law will bode well …
Google is part of a group of tech heavyweights going on the offensive against the threat of patent-infringement lawsuits, The Wall Street Journal reported on its Web site Sunday evening.
The group, which calls itself the Allied Security Trust, plans to buy up key intellectual property before it is obtained
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Verizon Wireless has upped the ante in its efforts to take on Apple’s iTunes store in the digital music market by offering DRM-free music for all purchased music plus a new subscription service. But will it be enough to make a dent in Apple’s dominance?
On Monday, Verizon …