Word: ceo
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Dates: during 2000-2009
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...stiff up-front charges and subscriptions. And, freed from paying a set fee each month, some players actually end up spending more. Four years ago, Shanda Interactive Entertainment, China's biggest online-game developer, ditched subscriptions for the freemium model and turned around its sagging fortunes. Kristian Segerstrale, CEO of London-based social-gaming site Playfish, says micropayments work because online games aren't a product, they're an ongoing service. "It's nonsensical to pay up front for a service," says Segerstrale. "You don't pay up front for your gas or water...
...Unfortunately, micropayments in the past have failed to live up to lofty expectations. Over the last 10 years, several companies including U.S.-based Peppercoin and CyberCash offered online payment systems that didn't catch on. PlaySpan CEO Karl Mehta says this is because "there was not enough digital content to consume." That's changing. Mehta predicts that micropayment services will over the next few years become available on a wide range of gaming and social websites - adding that there's no reason they can't be used to buy newspaper and magazine articles, too. "The newspaper industry is now crying...
...into the Kindle. Any new retail channel for books is a godsend. They're just concerned that the precedent being set is unworkable. "Amazon picked a cost in the beginning that they believed the consumer would like, and of course, the consumer likes it," says Carolyn Reidy, president and CEO of Simon & Schuster. "Who wouldn't like a price that was significantly lower than the price the hardcover is? And we think it's too low." (Grandinetti sticks to his guns: "We believe our approach to digital books allows authors, publishers and retailers to run profitable businesses yet still pass...
...million in compensation, was hired in 2006 after an exodus of investment managers left HMC with a substantial vacuum in its bond division. Former bond managers Maurice Samuels and David R. Mittelman, who earned $25.3 million and $25.4 million respectively in 2004, left the company with legendary HMC CEO Jack R. Meyer in 2005 to form a private hedge fund, Convexity Capital Management, after enduring repeated public criticism for what some considered to be exorbitant...
...want to take care of everyone who needs it, but it's becoming increasingly difficult financially," says Rich Umbdenstock, president and CEO of the American Hospital Association, one of several interest groups beginning to draw battle lines as the details of potential health-reform legislation begin to trickle...