As expected, the next-day-TV streaming site Hulu has named a Fox executive from its board to be its permanent chief executive.
Mike Hopkins has been the president of distribution for Fox Networks Group since 2008 and has been a Hulu director since 2011. He replaces Andy Forssell, a longtime Hulu exec who is leaving the company. Forssell served as acting CEO since March and has worked on Hulu's content and distribution side since 2007, the year the site was founded.
Hopkins' hire, following a $750 million infusion from Hulu's owners instead of a sale of the company, puts … Read more
Hulu might soon have a new, permanent CEO.
The streaming-video company is currently in talks with Fox Networks Group president of distribution Mike Hopkins to be its next chief executive, Reuters reported on Thursday, citing people who claim to have knowledge of Hulu's plans.
Hulu, which is owned by Fox, Walt Disney Co., and Comcast, has been searching for a new chief executive since earlier this year when former CEO Jason Kilar announced his resignation. Andy Forssell has been filling in for Hulu as its interim CEO until a replacement is named.
Hulu declined CNET's request for comment.… Read more
Steve Ballmer may be retiring sooner than many expect.
Microsoft's board of directors is working to have Ballmer's successor in place by the end of this year, according to a Bloomberg report that cited unidentified people with knowledge of the discussions. The timetable for announcing a new Microsoft chief executive hinges on negotiations over compensation and departure from the current employer if the selection comes from outside the company, the sources said.
Ballmer, who has led the company for the past 13 years, announced in August that he would retire within 12 months once a replacement is found … Read more
Microsoft's annual proxy statement indicated that Microsoft CEO Steve Ballmer had his pay docked because of Windows division's lackluster performance in the past year.
Ballmer received $1.26 million in fiscal 2013 -- a base salary of $697,500 and a bonus of $550,000. Ballmer's "incentive plan award," calculated by the Microsoft board, was only 79 percent of the total for which he was eligible. Comparatively, for fiscal 2012, Ballmer received 91 percent of his eligible incentive award.
The fiscal 2013 proxy statement spelled out the reasons why Ballmer was docked:"The company … Read more
It appears one of the top rumored contenders to replace Steve Ballmer as Microsoft's CEO may be out of the running... or is he? Ford CEO Alan Mulally said on Tuesday that he plans to continue working at the car manufacturer, but he didn't flat out deny a move to Microsoft.
"I love serving Ford and have nothing new to add to (my) plans to continue serving Ford," Mulally told USA Today in an exclusive interview.
While the Ford CEO did make clear he is happy with his current position, he didn't rule out working … Read more
Stephen Elop has hit the jackpot after shepherding the Microsoft-Nokia deal.
Elop is set to receive 18.8 million euros in compensation ($25.5 million) after Nokia shareholders approve the deal and Microsoft completes its takeover of Nokia's devices and services business. The compensation is made up of his base salary of 4.1 million euros, benefits worth 100,000 euros, and stock awards of 14.6 million euros.
Microsoft will bear 70 percent of the compensation, while Nokia will pay the rest. The deal is expected to close in the first quarter. The disclosure was made in a … Read more
AT&T CEO Randall Stephenson has weighed in on the company's Sept. 11 tribute tweet -- which some found offensive -- offering another apology.
In a blog post on Thursday, Stephenson offered a personal apology, acknowledging that the image used in the post "fell woefully short of honoring the lives lost on that tragic day."
AT&T set off a mini-controversy on Wednesday when it posted a tweet with an image of the New York skyline and the twin beams of light meant to replace the fallen World Trade Center towers. But the center of … Read more
Some of Microsoft's top investors are looking for a turnaround expert to take over the CEO role from Steve Ballmer, according to Reuters.
Citing "several sources familiar with the matter," Reuters reported Tuesday that at least three of the company's top 20 investors are already pushing the board to consider Ford Motor co-CEO Alan Mulally and Computer Sciences CEO Mike Lawrie for the position.
Why these two men?
Both are credited for their ability to resuscitate companies in trouble. Mulally has earned kudos for a restructuring plan that helped return Ford to profitability. Lawrie as former … Read more
In a comment that should surprise no one, Microsoft Chief Executive Steve Ballmer said Tuesday that Nokia's Stephen Elop is a candidate to replace him.
"Stephen will go from external [candidate] to internal," Ballmer told the Seattle Times, though he also said the Microsoft board will evaluate all candidates.
Elop led Microsoft's Microsoft Office division until he left to become Nokia's CEO three years ago. There, he hammered out the tight Microsoft-Nokia partnership around the Windows Phone operating system. Now Elop has stepped back to the role of executive vice president of Nokia's devices … Read more