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	<title>MediaMemo &#187; CEO</title>
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	<description>by Peter Kafka</description>
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		<title>Hearst's UGO Gets New Blood, Still Needs CEO</title>
		<link>http://mediamemo.allthingsd.com/20091102/hearsts-ugo-gets-new-blood-still-needs-ceo/</link>
		<comments>http://mediamemo.allthingsd.com/20091102/hearsts-ugo-gets-new-blood-still-needs-ceo/#comments</comments>
		<pubDate>Mon, 02 Nov 2009 13:30:08 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[Internet]]></category>
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		<category><![CDATA[video]]></category>
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		<category><![CDATA[arrivals departures feature]]></category>
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		<category><![CDATA[gaming]]></category>
		<category><![CDATA[girls]]></category>
		<category><![CDATA[Hearst]]></category>
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		<category><![CDATA[J Moses]]></category>
		<category><![CDATA[Julie Shumaker]]></category>
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		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=12635</guid>
		<description><![CDATA[Hearst's dude-centric UGO site, which has been without a permanent CEO since June, is still looking for a new boss. But in the meantime, it has some new blood: The company has brought in Hearst veteran Christopher Johnson to run programming and product strategy and hired Julie Shumaker to run 1UP, the gaming site it bought earlier this year.]]></description>
			<content:encoded><![CDATA[<p>Hearst&#8217;s dude-centric UGO site, which has been without a permanent CEO since June, is still looking for a new boss. But in the meantime, it has some new blood: The company has brought in Hearst veteran Christopher Johnson to run programming and product strategy and has hired Julie Shumaker to run 1UP, the gaming site it bought earlier this year.</p>
<p><a href="http://www.linkedin.com/in/julieshumaker">Shumaker</a> comes to Hearst from DoubleFusion, the &#8220;in-game&#8221; advertising company, where she ran sales for its core games group, and was at Electronic Arts (ERTS) prior to that. <a href="http://www.linkedin.com/pub/chris-johnson/0/2b4/14b">Johnson</a> spent the last three years building Hearst&#8217;s magazine sites (Cosmopolitan.com, etc.), then took off this summer to run something called Modelina.com; he has also put in time at IAC (IACI) and Time Warner&#8217;s (TWX) AOL.</p>
<p>UGO is one of many players trying to capture a piece of the market for young men between 18 and 34 who like girls, funny things and videogames, and the company, which claims 13 million monthly uniques, is often mentioned as an <a href="http://kara.allthingsd.com/20090902/google-and-others-fish-for-acquisitions-heres-what-they-might-be-looking-for/">M&amp;A candidate</a>.</p>
<p>But Hearst says it is still looking to hire a new CEO for the spot that opened up once co-founder <a href="http://mediamemo.allthingsd.com/20090814/ugo-hearsts-dudesgaming-site-needs-a-new-ceo/">J Moses left in June</a>. Hearst Interactive president Ken Bronfin is still running the unit on an interim basis.</p>
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		<title>EMusic's New Boss Is the Same as the Old Boss</title>
		<link>http://mediamemo.allthingsd.com/20090602/emusics-new-boss-is-the-same-as-the-old-boss/</link>
		<comments>http://mediamemo.allthingsd.com/20090602/emusics-new-boss-is-the-same-as-the-old-boss/#comments</comments>
		<pubDate>Tue, 02 Jun 2009 17:34:24 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[Apple]]></category>
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		<category><![CDATA[Danny Stein]]></category>
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		<category><![CDATA[eMusic]]></category>
		<category><![CDATA[High Fidelity]]></category>
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		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=7851</guid>
		<description><![CDATA[Shades of Dick Cheney! Subscription music service eMusic's last CEO took off last fall. Chairman Danny Stein, who ran the company years ago, ran a search for a replacement and decided that the best man for the job was...Danny Stein.]]></description>
			<content:encoded><![CDATA[<p><a href="http://mediamemo.allthingsd.com/files/2009/06/danny_stein.jpg"><img class="alignright size-full wp-image-7852" title="danny_stein" src="http://mediamemo.allthingsd.com/files/2009/06/danny_stein.jpg" alt="danny_stein" width="167" height="215" /></a>The eMusic subscription music service site, which specializes in nichey tunes for the &#8220;High Fidelity&#8221; set, has signed a deal to start carrying Sony&#8217;s (SNE) back catalog.</p>
<p>But I have a question: Whatever happened to eMusic&#8217;s search for a new CEO?</p>
<p>David Pakman, who ran the company since 2005, left last fall to join Venrock, the Rockefeller family&#8217;s venture capital arm. Last I heard, <a href="http://mediamemo.allthingsd.com/20081029/emusic-cutting-10-of-staff-still-looking-for-ceo/">in late October</a>, the company was &#8220;looking at a handful of very qualified candidates&#8221; to replace him. And in the meantime, eMusic Chairman Danny Stein&#8211;who runs the investment company that owns eMusic and who ran eMusic himself prior to Pakman&#8211;was serving as interim CEO.</p>
<p>So who&#8217;s the new boss? Same as the old boss. It&#8217;s also old news.</p>
<p>Stein says that&#8217;s he&#8217;s going to run the company for the foreseeable future, and that he figured that out way back in December: He just never announced it. &#8220;It was an easy decision to make&#8221;, he says.</p>
<p>Stein says he saw plenty of &#8220;very capable people&#8221;  but figures, a la <a href="http://www.thegreenpapers.com/News/20000725-0.html">Dick Cheney</a>, that he was the right man for the job. He also says that the various headhunting companies who say they&#8217;re helping eMusic find a new CEO are doing so without his knowledge (or dollars).</p>
<p>Fair enough! The bigger question, as it has been for many years, is how eMusic fits into the larger digital music ecosystem. It sells DRM-free MP3 downloads, which some consumers like, via a subscription service, which most consumers don&#8217;t enjoy. Stein says the company has around 400,000 subscribers, and that that number has remained stready for a while. But he says his topline revenue still grew 40 percent last year, to $70 million. (No word on profits or lack thereof).</p>
<p>That&#8217;s a pittance compared to Apple&#8217;s iTunes (AAPL)  store, which moves about $2 billion worth of songs every year. And while eMusic was once a couple of signatures away from selling to Amazon (AMZN), that window looks like it&#8217;s closed, as the retailer launched its own MP3 store a year ago.</p>
<p>But perhaps there&#8217;s still an M&amp;A opportunity for eMusic for a different retailer that wants to get into digital goods; Best Buy (BBY) did something similar when it bought up Napster last year.</p>
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		<title>Apple: Steve Jobs Is Still Fine, and We Still Hate Netbooks</title>
		<link>http://mediamemo.allthingsd.com/20090422/live-apple-earnings-call/</link>
		<comments>http://mediamemo.allthingsd.com/20090422/live-apple-earnings-call/#comments</comments>
		<pubDate>Wed, 22 Apr 2009 22:07:30 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[Apple]]></category>
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		<category><![CDATA[accounts payable]]></category>
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		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=6557</guid>
		<description><![CDATA[Next to no news from the Apple earnings call this afternoon, which is just the way Apple execs like their earnings calls. Once again, the company provided no information about CEO Steve Jobs's health except to note that he is still scheduled to come back to work in June.  And the company continued to pooh-pooh the concept of netbooks--supercheap, supersmall laptops with very little horsepower that are the hottest part of the PC business right now.]]></description>
			<content:encoded><![CDATA[<p>Next to no news from the Apple earnings call this afternoon, which is just the way Apple execs like their earnings calls. Once again, the company provided no information about CEO Steve Jobs&#8217;s health except to note that <a href="http://mediamemo.allthingsd.com/20090223/not-breaking-news-steve-jobs-not-coming-back-to-work-early/">he is still scheduled to come back to work in June</a>. And the company continued to pooh-pooh the concept of netbooks&#8211;supercheap, supersmall laptops with very little horsepower that are the hottest part of the PC business right now.</p>
<p>But COO (and temporary CEO) Tim Cook&#8217;s dismissal of the netbook market will continue to spark speculation that the company is readying something that sits in between a laptop and an iPhone (which is itself a computer, of course). <a href="http://www.businessinsider.com/apple-earnings-analysis-2009-4">Silicon Alley Insider&#8217;s Dan Frommer</a> got more of Cook&#8217;s response than I did so I&#8217;ll reprint his quote here:</p>
<blockquote><p>&#8220;When I look at what is being sold in the netbook space today, I see cramped keyboards, terrible software, junky hardware, very small screens, and just not a consumer experience and not something we would put the Mac brand on. So it&#8217;s not a space&#8211;as it exists today&#8211;that we&#8217;re interested in, nor do we believe that customers in the long term would be interested in. That said, we do look at the space and are interested in how customers respond to it. People who want a small computer than does browsing and email might want to buy an iPod touch or iPhone. We play indirect basis. Then of course if we find a way where we can deliver an innovative product that really makes a contribution, then we&#8217;ll do that. We have some interesting ideas in this space.&#8221;</p></blockquote>
<p>EARLIER:</p>
<p><a href="http://mediamemo.allthingsd.com/20090422/apple-beats-the-street-guidance-a-bit-light/">Apple (AAPL) just turned in a strong quarter and followed it up with conservative guidance</a>. A fairly typical performance for the company. Now investors will want to know about new product lines, Steve Jobs&#8217;s health and other matters. I&#8217;ll be covering the call live. Please refresh this page for the most current information. <a href="http://www.apple.com/quicktime/qtv/earningsq209/">Click here if you want to listen in yourself.</a></p>
<p>Joining call now. <span style="text-decoration: line-through;">Tim Cook</span> CFO Peter Oppenheimer going over info that&#8217;s already in the release.</p>
<p><strong>Mac products</strong>: 2.2 million Macs, a three percent decline year-to-year. Tough comparison from last year. But better than the seven percent drop in PC sales overall. &#8220;We feel very positive about our Mac performance.&#8221; Began and ended quarter with three-to-four weeks of Mac inventory.</p>
<p><strong>iPod</strong>: People still buying &#8216;em! iPod touch selling well, and so are apps. Claims people like the new shuffle player. [Dubious about that]. We own the MP3 player market. [Duh.] Began and ended the quarter with four-to-six weeks of inventory.</p>
<p><strong>iTunes store</strong>: 35,000 apps available in store, up from 15,000 a quarter ago. &#8220;We are within hours&#8221; of one billions app downloaded.</p>
<p><strong>iPhones</strong>: Unless I&#8217;m missing something, absolutely no new data here. Praising new iPhone 0S 3.0 that&#8217;s in the works. Apple delayed the start of revenue recognition of all iPhones sold after the company announced the new OS, which was March 17. Will start up again once OS is released.</p>
<p><strong>Stores</strong>: Half our Macs sold to people who had never owned one before. Average revenue per store is down year over year, because the economy is lousy.</p>
<p><strong>Gross margins</strong>: Commodity and other component costs lower than  expected. Higher-margin sales better are also than expected. Apple also spent less on operating expenses than expected.</p>
<p><strong>Guidance</strong>: Forecasting is &#8220;challenging&#8221; in macroenvironment. Again, noting delay in revenue recognition for iPhones (see above). Excited about new products in pipeline, etc.</p>
<h4 class="subhed">Q&amp;A</h4>
<p><strong>Outlook for pricing on component supply?</strong> Mostly favorable, but some commodities, like NAND, will increase sequentially. Cook does not expect to see the level of reduction seen in calendar Q1. Will it be down? It will be &#8220;in a similar range as last quarter.&#8221;</p>
<p><strong>Cash flow issues?</strong> Not really, for several reasons: 1) Apple made prepayment to&#8230;. [sorry, I didn't catch who that was]; 2) accounts payable were down, from holiday quarter to spring quarter, which is standard; 3) at $1.3 billion, tax payments were up &#8220;significantly&#8221; from last year.</p>
<p><strong>Mac business</strong>: Desktops selling well, but average selling price down quite a bit. What&#8217;s going on? Sales accelerated in March after Apple announced new product launch. Higher-end Pro products sold to professionals are down a bit, which is related to economy for obvious reasons. Education sales also down a bit, for same reasons. Hoping Federal stimulus funds will help with that.</p>
<p><strong>Back to netbooks</strong>&#8211;why won&#8217;t Apple sell them? Cook is still criticizing netbooks. The ones available today are &#8221;just not a consumer experience and not something we would put the Mac brand on, quite frankly. It&#8217;s not a space today that we&#8217;re interested in, and it&#8217;s not a space we think that customers in the long-term are interested in.&#8221; But&#8230; a slight hedge with regard to smaller computers, which are, of course, what the iPhone and iPod Touch are. We &#8220;have interesting ideas in this space.&#8221; Today&#8217;s netbooks really shouldn&#8217;t even be called computers, really.</p>
<p><strong>App store</strong>: What&#8217;s the mix between paid and free downloads and the iPod and iTouch mix? Nope. Apple won&#8217;t say. Again, Cook notes that we&#8217;re just &#8220;hours away&#8221; from the one billionth download. Cook: One of the keys behind the growth of iPod has been that sales of the iPod touch &#8220;more than doubled year-over-year.&#8221; The iPod and iPod Touch have reached sales of 37 million units, a big platform for developers. So there&#8217;s a virtuous cycle there.</p>
<p>[Sorry, missed two questions here.]</p>
<p><strong>Why is Apple still doing an exclusive with AT&amp;T for the iPhone?</strong> And how&#8217;s Steve Jobs? AT&amp;T (T) is the best wireless provider in the U.S. &#8220;They have done a very good job with iPhone&#8230;.We&#8217;re very happy with the relationship we have and do not intend to change it.&#8221; Structurally, we&#8217;re using GSM architecture, and Verizon (VZ) uses CDMA, and we wanted a world phone.</p>
<p><strong>And Steve Jobs?</strong> Apple CFO Peter Oppenheimer: &#8220;We look forward to Steve returning to Apple at the end of June.&#8221; [Translation: No news.]</p>
<p>[Yet another question missing here. Apologies.]</p>
<p><strong>Any info on DRM-free/&#8221;iTunes plus&#8221; sales?</strong> Too early to tell.</p>
<p><strong>How much impact did Wal-Mart (WMT) have on Apple sales?</strong> Very key partner for the iPod. The company believes Wal-Mart provides extended reach. Pleased with results, but &#8220;early going, and not much to report there yet.&#8221;</p>
<p><strong>So many iPhone Apps. How can you make them easier to find on iTunes?</strong> (Same problem as music.) Any kind of unusual patterns? Nonanswer here.</p>
<p><strong>Please talk about competition for smartphones&#8211;i.e., please discuss the Palm (PALM) Pre.</strong> &#8220;Difficult to comment on products that aren&#8217;t shipping. So there&#8217;s nothing intelligent I could say on the Pre.&#8221; But &#8220;we think we&#8217;re years ahead.&#8221; We see things through software lens and that has benefited us and customers very well. Power of device and ecosystem enormous and we&#8217;re now just scratching the surface.&#8221;</p>
<p><strong>What about suing Palm re: patents on the Pre, etc.?</strong> &#8220;We think that Apple&#8217;s innovation is leading the industry by years. We think competition is great; we think it makes all of us better as long as other companies invent their own stuff.&#8221;</p>
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		<title>Chris DeWolfe Likely to Step Down as MySpace CEO; News Corp. Talking to Facebook Veteran Owen Van Natta</title>
		<link>http://mediamemo.allthingsd.com/20090422/chris-dewolfe-likely-to-step-down-as-ceo-news-corp-talking-to-facebook-veteran-owen-van-natta/</link>
		<comments>http://mediamemo.allthingsd.com/20090422/chris-dewolfe-likely-to-step-down-as-ceo-news-corp-talking-to-facebook-veteran-owen-van-natta/#comments</comments>
		<pubDate>Wed, 22 Apr 2009 18:41:05 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
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		<category><![CDATA[Vivendi]]></category>

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		<description><![CDATA[MySpace CEO Chris DeWolfe is likely to be on his way out of the company he helped found, and News Corp., which bought the social network in 2005, has a single potential successor in mind. Sources say that person is former Facebook COO Owen Van Natta, who is currently CEO of music start-up Project Playlist. People familiar with the matter tell me that DeWolfe and News Corp., specifically new digital boss Jon Miller, are discussing a leadership change today.]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-medium wp-image-6529" title="dewolfe" src="http://mediamemo.allthingsd.com/files/2009/04/dewolfe-250x188.png" alt="dewolfe" width="250" height="188" />MySpace CEO Chris DeWolfe is likely to be on his way out of the company he helped found, and News Corp., which bought the social network in 2005, has a single potential successor in mind. Sources say that person is former Facebook COO Owen Van Natta, who is currently CEO of music start-up Project Playlist.</p>
<p>People familiar with the matter tell me that DeWolfe and News Corp., specifically <a href="http://kara.allthingsd.com/20090327/jon-miller-to-news-corp-as-digital-head/">new digital boss Jon Miller</a>, are discussing a leadership change today. News Corp. (NWS) officials declined to comment. (News Corp. is the owner of Dow Jones, which owns this Web site.)</p>
<p>Sources tell me Miller hadn&#8217;t been planning on getting rid of DeWolfe (pictured above) in the near future, and that until yesterday he was still evaluating his options. News Corp. CEO Rupert Murdoch had once treated DeWolfe as a favorite and gave him significant autonomy at MySpace. But Murdoch, who brought Miller on earlier this month, has been leaning toward a change as MySpace&#8217;s traffic has stagnated and its buzz and momentum have moved to Facebook.</p>
<p>Still, Murdoch had left the decision about the site&#8217;s leadership to Miller, his new hire, sources said. One possibility: Elevating DeWolfe to a nonexecutive advisory position.</p>
<p>Those options narrowed last night once TechCrunch ran a <a href="http://www.techcrunch.com/2009/04/21/news-corp-exploring-myspace-ceo-options/">story</a> claiming that News Corp. had hired a headhunting firm to &#8220;scour for possible replacements&#8221; for DeWolfe.</p>
<p>News Corp. hadn&#8217;t actually hired a headhunter, I&#8217;m told by multiple sources. But I&#8217;m also told that the report was enough to spook DeWolfe into calling Miller to ask what his plans were. That conversation led to today&#8217;s negotiations, which will likely lead to his stepping down as CEO, although he may remain affiliated with MySpace in some capacity.</p>
<p><img class="alignleft size-full wp-image-6539" title="owen-van-natta" src="http://mediamemo.allthingsd.com/files/2009/04/owen-van-natta.jpg" alt="owen-van-natta" width="165" height="250" />Meanwhile, News Corp. has been talking to Van Natta (pictured here) about taking DeWolfe&#8217;s place. Van Natta, who had been a highly regarded executive at Facebook, was at one point the leading candidate to head up MySpace Music, which launched last fall, and the two sides held extensive conversations.</p>
<p>But Van Natta, like <a href="http://www.businessinsider.com/2008/7/myspace-music-needs-launch-date-ceo">many other potential hires for that position</a>, bristled at the job&#8217;s org chart: Rather than a standalone company, a la Hulu, the site News Corp. set up with GE&#8217;s (GE) NBC, MySpace Music is simply a unit of MySpace, reporting to DeWolfe. <a href="http://mediamemo.allthingsd.com/20081105/myspace-music-ceo-debuting-tomorrow/">MTV executive Courtney Holt</a> eventually took the job.</p>
<p>But Van Natta&#8217;s fate has remained closely intertwined with MySpace anyway. Project Playlist, the free music-streaming site he took over last fall, has seen traffic plummet after <a href="http://mediamemo.allthingsd.com/20081223/facebook-bails-on-project-playlist-too/">MySpace, along with Facebook, cut off the site&#8217;s access to their users</a>, a move prompted by lawsuits from several major music companies.</p>
<p>Van Natta has made some headway at extracting the company from its legal mess, which predated his hiring, and he has hammered out a settlement with <a href="http://mediamemo.allthingsd.com/20090325/a-win-for-project-playlist-emi-drops-suit-signs-on/">EMI Music Group</a>. But Playlist is still being sued by Warner Music Group (WMG) and Vivendi&#8217;s Universal Music Group, and even music sites that aren&#8217;t in legal trouble are struggling to keep their heads above water. Plenty of Silicon Valley watchers wonder why Van Natta landed at Playlist in the first place and think that he has been looking for a way out.</p>
<p>Here&#8217;s a video of DeWolfe talking with BoomTown&#8217;s Kara Swisher a little more than a year ago when MySpace opened a new office in San Francisco. Below that is a video of Van Natta talking to Swisher in 2007 about Facebook&#8217;s ill-fated &#8220;Beacon&#8221; project.</p>
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		<title>Google Still Shaking Up Sales Force: Nikesh Arora Replaces Omid Kordestani</title>
		<link>http://mediamemo.allthingsd.com/20090416/google-still-shaking-up-sales-force-nikesh-arora-replaces-omid-kordestani/</link>
		<comments>http://mediamemo.allthingsd.com/20090416/google-still-shaking-up-sales-force-nikesh-arora-replaces-omid-kordestani/#comments</comments>
		<pubDate>Thu, 16 Apr 2009 20:31:17 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[Google]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Peter Kafka]]></category>
		<category><![CDATA[search]]></category>
		<category><![CDATA[AOL]]></category>
		<category><![CDATA[business development]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[customer]]></category>
		<category><![CDATA[Dennis Woodside]]></category>
		<category><![CDATA[earnings report]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Eric Schmidt]]></category>
		<category><![CDATA[Founders]]></category>
		<category><![CDATA[global sales]]></category>
		<category><![CDATA[Global Sales Operations]]></category>
		<category><![CDATA[growth]]></category>
		<category><![CDATA[International Operations]]></category>
		<category><![CDATA[marketing]]></category>
		<category><![CDATA[Nikesh Arora]]></category>
		<category><![CDATA[Omid Kordestani]]></category>
		<category><![CDATA[partnership]]></category>
		<category><![CDATA[partnerships]]></category>
		<category><![CDATA[revenue]]></category>
		<category><![CDATA[Senior Advisor]]></category>
		<category><![CDATA[Tim Armstrong]]></category>
		<category><![CDATA[Time Warner]]></category>

		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=6395</guid>
		<description><![CDATA[Here's the other shoe that hadn't dropped following Tim Armstrong's move from Google to run Time Warner's AOL. Omid Kordestani, who was the official head of Google's sales, has been moved aside in favor of Nikesh Arora.]]></description>
			<content:encoded><![CDATA[<p><img class="size-full wp-image-6399 alignright" title="nikesh" src="http://mediamemo.allthingsd.com/files/2009/04/nikesh.jpg" alt="nikesh" width="142" height="178" />Here&#8217;s the other shoe that hadn&#8217;t dropped following Tim Armstrong&#8217;s move from Google to run Time Warner&#8217;s (TWX) AOL: Omid Kordestani, who was the official head of Google sales, has been moved aside in favor of Nikesh Arora (pictured).</p>
<p>After Armstrong, who was Google&#8217;s best-known sales exec but not its highest-ranking, left, <a href="http://mediamemo.allthingsd.com/20090313/who-replaces-tim-armstrong-at-google-the-david-rosenblatt-fan-club-pipes-up/">Arora was supposed to be a candidate for his job</a>. But that post, or a version of it, went to company veteran <a href="http://kara.allthingsd.com/20090317/google-names-company-vet-dennis-woodside-to-replace-tim-armstrong-as-ad-lead/">Dennis Woodside</a>.</p>
<p>Here&#8217;s the text of the announcement, buried at the bottom of <a href="http://mediamemo.allthingsd.com/20090416/googles-revenue-slumps-but-cost-cutting-pays-off/">Google&#8217;s earnings report</a>:</p>
<blockquote><p>&#8220;After ten years of building and managing our global sales and partnership operations, Omid Kordestani has decided to hand over the reins to Nikesh Arora, currently President of International Operations, and take on a new role as Senior Advisor, Office of the CEO and Founders. Continued growth is essential to our future success and no one is better placed to advise on new revenue opportunities than Omid, the business founder of Google. In his new role as President, Global Sales Operations and Business Development, Nikesh Arora will have responsibility for all Google&#8217;s revenue and customer operations, as well as marketing and partnerships. He has a proven track record at Google, having spent the last four and a half years building our European operations into a substantial business.&#8221;</p></blockquote>
<p>Google (GOOG) points out that Kordestani&#8217;s new position will be a full-time job and will report directly to CEO Eric Schmidt. And during the company&#8217;s earnings call, Schmidt took pains to both praise Kordestani, who was on the call, and repeatedly refer questions to him.</p>
<p>Still, the move is bound to bring up the question: Is Kordestani being blamed in any way for the sales slowdown at Google? During the call, Schmidt argued (quite sensibly) that sales were down because the economy was down. But Google also <a href="http://mediamemo.allthingsd.com/20090326/more-layoffs-for-google-200-axed-from-sales/">just let go of 200 of sales people</a>, after Kordestani explained that &#8220;When companies grow that quickly it’s almost impossible to get everything right&#8211;and we certainly didn’t.&#8221;</p>
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		<title>Yahoo CFO Blake Jorgensen Out as Bartz Starts Reorg</title>
		<link>http://mediamemo.allthingsd.com/20090226/yahoo-cfo-blake-jorgensen-out-in-reorg/</link>
		<comments>http://mediamemo.allthingsd.com/20090226/yahoo-cfo-blake-jorgensen-out-in-reorg/#comments</comments>
		<pubDate>Thu, 26 Feb 2009 17:52:28 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Peter Kafka]]></category>
		<category><![CDATA[Yahoo]]></category>
		<category><![CDATA[Blake Jorgensen]]></category>
		<category><![CDATA[Carol Bartz]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[CFO]]></category>
		<category><![CDATA[chief financial officer]]></category>
		<category><![CDATA[search deal]]></category>
		<category><![CDATA[SEC]]></category>

		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=4662</guid>
		<description><![CDATA[Time to start "getting our house in order," Yahoo CEO Carol Bartz has declared.

One of the first steps: Sweeping out CFO Blake Jorgensen. 

Jorgensen, you may recall, was the Yahoo executive who was signaling the company's interest in a Microsoft search deal just yesterday.]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-thumbnail wp-image-4665" title="blake-jorgenson" src="http://mediamemo.allthingsd.com/files/2009/02/blake-jorgenson-150x150.jpg" alt="blake-jorgenson" width="150" height="150" /></p>
<p>Time to start &#8220;getting our house in order,&#8221; <a href="http://kara.allthingsd.com/20090226/bartz-blogs-reorg-the-entire-memo-to-employees/">Yahoo CEO Carol Bartz declared today</a>.</p>
<p>One of the first steps: Sweeping out CFO Blake Jorgensen.</p>
<p>Here&#8217;s the two-sentence update <a href="http://www.sec.gov/Archives/edgar/data/1011006/000119312509038524/d8k.htm">Yahoo filed with the SEC this morning</a> explaining the move:</p>
<p>&#8220;On February 26, 2009, Yahoo! Inc. (the “Company”) announced that Blake Jorgensen, Chief Financial Officer of the Company, will be leaving the Company. The Company has initiated a search for a new Chief Financial Officer. Mr. Jorgensen will remain with the Company as its Chief Financial Officer through a transition period.&#8221;</p>
<p>Jorgensen, you may recall, was the Yahoo (YHOO) executive who was signaling the company&#8217;s interest in a Microsoft (MSFT)  search deal <a href="http://www.bloomberg.com/apps/news?pid=20601103&amp;sid=ameCt7_kzX_8&amp;refer=us">just yesterday</a>.</p>
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		<title>The Entire Letter: Steve Jobs Explains His Health Problem: "Hormone Imbalance"&#8211;Predicts Recovery by Spring and Will Stay On as CEO</title>
		<link>http://mediamemo.allthingsd.com/20090105/steve-jobs-explains-his-health-problem-hormone-imbalance-predicts-recovery-by-spring-will-stay-on-as-ceo/</link>
		<comments>http://mediamemo.allthingsd.com/20090105/steve-jobs-explains-his-health-problem-hormone-imbalance-predicts-recovery-by-spring-will-stay-on-as-ceo/#comments</comments>
		<pubDate>Mon, 05 Jan 2009 13:42:46 +0000</pubDate>
		<dc:creator>Peter Kafka</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[health]]></category>
		<category><![CDATA[Steve Jobs]]></category>

		<guid isPermaLink="false">http://mediamemo.allthingsd.com/?p=2749</guid>
		<description><![CDATA[The Apple CEO shares something "very personal": The explanation of his weight loss. He says a "simple and straightforward" treatment will resolve it. And he will remain CEO throughout his recovery.]]></description>
			<content:encoded><![CDATA[<p>Here&#8217;s an extraordinary memo that just crossed the wires from Apple (AAPL) CEO Steve Jobs, addressing the long-running speculation about his health:</p>
<p><a href="http://mediamemo.allthingsd.com/files/2009/01/411px-steve_jobs.jpg"><img src="http://mediamemo.allthingsd.com/files/2009/01/411px-steve_jobs-205x300.jpg" alt="" title="411px-steve_jobs" width="205" height="300" class="aligncenter size-medium wp-image-2757" /></a></p>
<blockquote class="memo"><p>Letter From Apple CEO Steve Jobs</p>
<p>Dear Apple Community,</p>
<p>For the first time in a decade, I&#8217;m getting to spend the holiday season with my family, rather than intensely preparing for a Macworld keynote.</p>
<p>Unfortunately, my decision to have Phil deliver the Macworld keynote set off another flurry of rumors about my health, with some even publishing stories of me on my deathbed.</p>
<p>I&#8217;ve decided to share something very personal with the Apple community so that we can all relax and enjoy the show tomorrow.</p>
<p>As many of you know, I have been losing weight throughout 2008. The reason has been a mystery to me and my doctors. A few weeks ago, I decided that getting to the root cause of this and reversing it needed to become my #1 priority.</p>
<p>Fortunately, after further testing, my doctors think they have found the cause &#8212; a hormone imbalance that has been &#8220;robbing&#8221; me of the proteins my body needs to be healthy. Sophisticated blood tests have confirmed this diagnosis.</p>
<p>The remedy for this nutritional problem is relatively simple and straightforward, and I&#8217;ve already begun treatment. But, just like I didn&#8217;t lose this much weight and body mass in a week or a month, my doctors expect it will take me until late this Spring to regain it. I will continue as Apple&#8217;s CEO during my recovery.</p>
<p>I have given more than my all to Apple for the past 11 years now. I will be the first one to step up and tell our Board of Directors if I can no longer continue to fulfill my duties as Apple&#8217;s CEO. I hope the Apple community will support me in my recovery and know that I will always put what is best for Apple first.</p>
<p>So now I&#8217;ve said more than I wanted to say, and all that I am going to say, about this.</p>
<p>Steve</p></blockquote>
<p>And here is a related follow-up statement from the Apple board of directors:</p>
<blockquote class="memo"><p>It is widely recognized both inside and outside of Apple that Steve Jobs is one of the most talented and effective CEOs in the world.</p>
<p>As we have said before, if there ever comes a day when Steve wants to retire or for other reasons cannot continue to fulfill his duties as Apple&#8217;s CEO, you will know it.</p>
<p>Apple is very lucky to have Steve as its leader and CEO, and he deserves our complete and unwavering support during his recuperation. He most certainly has that from Apple and its Board.</p></blockquote>
<p><em>[Photo credit: Matthew Yohe, licensed under the Creative Commons Attribution 3.0 Unported License.]</em></p>
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