Word: ceos
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...insurance company and its former CEO head to court on Monday in a tussle over who should be allowed to keep hundreds of millions of shares of AIG that Greenberg and a company he controls, Starr International, took when he left his former employer. AIG says those shares and the more than $4 billion in profits Starr International has reaped from past stock sales are the property of the insurer and its employees. But rather than fight over the merits of the case, both sides have spent the past few weeks arguing that they should win because what they plan...
...Fergal Sharkey, CEO of U.K. Music, an organization representing the interests of the commercial music industry (and a former pop singer himself), reckons that the success of the anti-copyright movement among young voters "sends a message that we need to think about how we are approaching the issue." Mark Mulligan, an analyst at technology-research company Forrester, agrees. "The problem with looking to legislation to help meet business ends is that the results are often unfavorable to all affected business parties," he says. "Legislation simply cannot move quickly enough to keep up with the evolution of peer-to-peer...
...Harvard math majors, Greg Tseng and Johann Schleier-Smith, co-founded Tagged in 2004. I called them up, wanting to know why they're using Harvard math degrees to annoy the piss out of people. Tseng, the CEO, was unavailable, but Schleier-Smith, the chief technology officer, agreed to talk, but only over e-mail. "We did not intend to cause people to invite contacts by accident," Schleier-Smith wrote. "The recent backlash hurts, and we want to ensure our continued growth helps people rather than creating problems for them...
...Ticketmaster chairman Barry Diller ultimately apologized and blamed computer glitches for the ticketing mishap. But industry heavyweights snickered. "That stuff has gone on all the time. When he said it was a computer glitch - ha-ha - I nearly fell off my chair," said Randy Phillips, CEO of AEG Live, the country's second largest concert promoter. "I could not believe it. I mean, these are sophisticated businessmen - my God, a computer glitch?" Not surprisingly, Phillips opposes the merger and has even suggested he may cancel his seven-year contract with Ticketmaster if the deal goes through...
...Demand for student string instruments, including those valued under $10,000, has also suffered. "Like just about everyone in retail, our members have certainly been impacted by the recession," says Joe Lamond, CEO of the International Music Products Association, which represents instrument retailers. "Acoustic pianos and high-end guitars are discretionary purchases for most people, and in tough times these can be deferred until things look brighter." In such an environment, dealers are far more likely to offer discounts. (See 25 people to blame for the financial crisis...