Yahoo Executive Gets $58 Million As Severance Pay Henerique De Castro, Yahoo’s CEO was fired recently and has been given a $58 million severance package for leaving the company, albeit he only worked there for about 15 months. It was a regulatory filing made on Wednesday that disclosed this information and has given rise to more second-guessing as to why de Castro was employed by Yahoo’s chief executive officer Marissa Mayer in 2012 to play the role of her second-in-command.
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Apple and Google Battle to Offer Exclusive Game Apps A long running war between Google Inc. and Apple Inc. for gaining mobile dominance is now spreading to videogames, one of the most lucrative genres of apps. Game developers have been and are being wooed by the two Silicon Valley giants for ensuring that the top game titles come first on devices that are powered by their own operating systems according to people who are close to the matter.
Samsung Looks at Life Beyond Smartphones It seems that tech giant Samsung Electronics has ended up at commercial cross roads after years of making record growth in profits. The company is now in search of a new growth driver that can aid the company in countering the slow sales of its phenomenally popular and successful smartphones.
Facebook Seeking Approval for e-Money Services The biggest social network of the world is very close to getting the Irish regulatory approval that it needs for providing financial services in the form of electronic money and remittances. Several people who are part of the process have said that the Facebook is only a few weeks away before it gets its hands on the regulatory approval for a service that would enable users to store money on the social network and then use..
Yahoo Says Malware Attack Reaches Farther Than Thought A week ago, an ad-related malware attack was first reported by Yahoo and now the company has provided some additional information concerning it. It has been said that this malware attack affected about 2 million PC users and it also put the personal information of all Yahoo users in jeopardy.
Zuckerberg Calls Obama About the NSA Mark Zuckerberg, CEO of Facebook, the biggest social network of the world, stated that he had placed a call to President Barrack Obama for expressing his frustration over what he claims is long-lasting damage that was caused by the surveillance programs of the US government.