Time Warner’s Jeff Bewkes has kicked out the dynamic duo of Randy Falco (CEO) and Ron Grant (COO) for Google’s Tim Armstrong (former SVP Advertising and Commerce, North America). The announcement came a little bit after 5pm (EST) on Thursday March 12, 2009. While the details are still vague, there has been some mention of a “transition period” before Randy & Ron make bid adieu. Lets wait and see what happens as official announcements come out tomorrow. More to come!
Update – March 12, 2009 8:01 PM
Jeff Bewkes released an official announcement about the CEO switch-a-roo.
Today we made a change in leadership at AOL. Effective April 7, Tim Armstrong, formerly of Google, will become the new Chairman and CEO of AOL, taking over for Randy Falco. Randy and President and COO Ron Grant will be leaving the company after a short transition period.
Could brining a Google insider to serve as the CEO help in any potential future (current?) negotiations to spin-off or merge AOL with Google?
Posted in Industry, Internet
Tagged aol, aol ceo, ceo, coo, google, jeff bewkes, new ceo, randy falco, ron grant, rondy, tim armstrong, time warner
While only finding out about it roughly a year-and-a-half ago, I’ve grown to be a big proponent of micro-financing. Essentially, micro-financing — also called micro-lending — is when an entrepreneur or micro business owners is looking to raise some capital ($250 to $2000) to start or expand their business. Typically, this business is in a 3rd world country, and other means of gaining funding involve too much risk (homes or other property as collateral) or extremely high interest rates (over 100%). Here’s where microlending comes to the rescue and ironically could lead to potential long term government economic issues. Read More
Posted in Economics
Tagged dollar, inflation, interest free loan, kiva, micro business owner, micro financing, micro lending, micro-inflation, microfinancing, microlending, mirco inflation, money supply, world, zero percent interest
Google and Wikipedia turn everyone into instant experts on any given subject matter. However, because we know that information is easily available again, we make very little effort to retain it. Plus, with the mobile revolution (slowly) progressing, we now have the ability to get at that information from where we choose. As we learned from Instant Information Devaluation, the value of newly attained information plummets as soon as it is attained. With Google and Wikipedia in cahoots to attain the well intentioned goal of allowing us to find and attain knowledge in a manner of seconds, it essentially lowers the bar for good knowledge. When the bar is lowered, the quality of the subjects who can get over that bar greatly decreases. Essentially, the same argument can be made for GPS, taxi drivers or even chauffeurs. So what are the options? Stop using Googipedia and get left behind?
So now that Barack Obama has officially announced his running mate will be Joe Biden, the most important question has to be answered. What should their celebrity couple name be? Make sure you vote (or die) below:
Sorry, there are no polls available at the moment.
Yes we can-tribute! If you have other suggestions for the Obama-Biden ticket nickname, leave a comment.
Our friend Gideon Gono (Governor of the Reserve Bank of Zimbabwe) has decided to tackle the ultra-hyperinflation pummeling Zimbabwe in one fell swoop. His solution? Lopping zeros off of the Zimbabwean Dollar — ten of them! That means, as of August 1st, a 10 Billion Zimbabwean Dollar (ZWD) bill will be worth one ZWD. That’s a 10 000 000 000 : 1 ratio…. or a 99.99999999% devaluation!
A report from the BBC helps to put things into perspective, 100 Billion ZWD will buy a few eggs, with a tray of 24 eggs costing somewhere around Z$600bn. Better not break one of those!