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Hulu Revenue 2012: Web TV Service Books $695 Million

Hulu

Hulu, the privately held Internet streaming TV service, will generate about $695 million in revenue in 2012 and finish the year with more than 3 million paying subscribers, the company's CEO said on Monday.

 

Former Visa CEO Received $9.7 Million

Joseph Saunders, who stepped down last month as CEO of Visa, received a $9.7 million pay package for fiscal 2012.

 

Apple to produce line of Macs in the US next year

Apple CEO Tim Cook says the company will produce one of its existing lines of Mac computers in the United States next year.

 

Ex-National Lampoon CEO Tim Durham Gets 50 Years Prison

Tim Durham

Timothy S. Durham, the onetime chief executive officer of National Lampoon (NLMP) Inc., was sentenced to 50 years in prison for defrauding investors in an unrelated company he partly controlled. “I found no sincere remorse,” U.S. District Judge Jane Magnus-Stinson in Indianapolis said today before imposing punishment on Durham, 50. She said the former Fair Finance Co. CEO exhibited deceit, greed and arrogance.

 

HP rebuffs ex-Autonomy CEO, warns of legal action

Hewlett Packard Co rebuffed a request by former Autonomy Chief Executive Mike Lynch to detail accusations of accounting fraud leveled against the British software company and its former executives, and challenged Lynch to submit to questions under penalty of perjury.

 

Intel CEO Paul Otellini to Retire in May

Paul Otellini

Chipmaker Intel just announced that CEO Paul Otellini, who has been on the job for eight years, will be retiring in May. People are going to wonder if Intel’s board is forcing Otellini out. They’ll point to Intel’s mandatory retirement age of 65. Otellini is only 62, and his predecessor Craig Barrett retired from the CEO job at 65 or 66. But apparently there’s no hard-and-fast rule at Intel. The legendary Andy Grove, the company’s third employee, served as its CEO from 1987 until 1997, retiring closer to age 61.

 

The World's 20 Most Powerful Women In Business

World's Most Powerful Women in Business

It's been a groundbreaking year for women in business. IBM appointed its first female CEO in Ginni Rometty. Sheryl Sandberg led Facebook through a much-anticipated IPO. Irene Rosenfeld split Kraft into two public companies, and Marissa Mayer jumped from a top Google exec to the CEO seat at Yahoo. See the those named the top businesswomen on the Forbes 2012 list of The World's 100 Most Powerful Women.

 

Waffle House CEO: Sex charges false, 'blackmail'

The CEO of Waffle House says a former employee who claims he sexually harassed her was actually a participant in consensual sex and has been trying to blackmail him.

 

Microsoft Surface Sales are Taking Off

Microsoft Surface

CEO Steve Ballmer told French daily Le Parisien that sales of the company's first tablet "are starting modestly." Ballmer also said that the supply shortages were a "good sign." He added that Microsoft will "fix this problem quickly" as the company increases capacity, which is part of its overall strategy.

 

Facing challenges, Mark Thompson takes the CEO reins at the NYT

A host of challenges confront Mark Thompson as he officially takes over as chief executive of New York Times Co, from making the company less dependent on advertising to trimming costs to figuring out what to do with its pile of cash.

 

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