Chief Yahoo bleeds purple on board and other surprises
This is not a post about the latest shenanigans of the notorious Somali pirates of East Africa. Neither is it about a Native Indian or African tribal chief.
No. I am talking about the color purple, not the movie of the same name but the official color of Yahoo, Incorporated.
Yes, the co-founder - with Stanford University classmate Dr. David Filo in 1994 - and current CEO of Yahoo, Dr. Jerry Yang has stepped down and aside.
How about the following for Yahoo trivia that gives an insight to the meaning of YAHOO?
[......They initially called their site "Jerry and David's Guide to the World Wide Web," only to later decide to switch to an acronym for "Yet Another Hierarchical Officious Oracle.".....]
Surprise! Goldman Sachs' seven top executives and CEO have decided to give up their annual bonuses for 2008 - they are silent about their stock options, however.
Meanwhile, the global financial crisis causes more job losses. Citigroup will shed over 50,000 employees, Sun Microsystems will try to lose 6,000 workers, and JPMorgan is looking to drop a total of 10% of its work force next year.



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