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When Zennstrom, 43, heard earlier this year that eBay wanted to divest itself of Skype, which had not created the kind of synergies the online auction house had hoped for, he approached eBay proposing to buy back the webphone company at a substantial discount. The Swede also made overtures to private-equity players in an effort to structure a deal. However, both eBay and private equity gave Zennstrom the brush. (Read "eBay Bids for Revitalization...
...Merrill. The SEC alleges that in early December, on the eve of a vote to approve the Merrill deal, Bank of America executives told shareholders that no bonuses would be paid to Merrill executives prior to the acquisition. In fact, Bank of America had agreed more than a month earlier to approve the payment of more than $5 billion in year-end bonuses to Merrill employees. (See 25 people to blame for the financial crisis...
...knuckle walkers because they could see over tall grasses to find food and avoid predators. The fact that Lucy's species sometimes lived in a more wooded environment began to undermine that theory. The fact that Ardi walked upright in a similar environment many hundreds of thousands of years earlier makes it clear that there must have been another reason...
...Wednesday, in an attempt to defuse Kenyan and U.S. anger, the much-criticized chief of the Kenyan Anti-Corruption Commission resigned. (Outrage had followed Kibaki's decision to reappoint Aaron Ringera earlier this month despite his failure to confront corruption.) Though Ringera's resignation was considered a good sign, the Kenyan government's primary response to the letters was to accuse Obama of a breach of protocol for writing to the 15 officials directly rather than to Kibaki. Instead of acknowledging the slow pace of reform, Foreign Minister Moses Wetangula suggested that actions like the U.S.'s could "precipitate...
...Earlier this year, Padang mayor Fauzi Bahar told al-Jazeera television that he had asked for funds for potential earthquake relief and management given his city's precarious position on a tectonic fault line. His request, he said, was turned down by national authorities. In retrospect, the denial may look unwise. But Indonesia is a cash-strapped country with many cities located in unstable geological sites. As Padang digs out from this latest devastation, other Indonesians are no doubt wondering who will be the next target of nature's wrath...