Ceo, Resignation | featured news

Greg Blatt takes charge, Liberty Media sells its IAC stake -- The IAC chairman said Thursday that he is stepping down as CEO and that John Malone's Liberty Media has sold its entire stake in the company.

Tribune Co. CEO Randy Michaels resigned Friday amid tales of raunchy behavior as one of America's biggest media companies looked to shift attention back to its efforts to emerge from bankruptcy protection. Hours later, the company filed its latest reorganization plan in court.

Randy Michaels, the controversial chief executive of the Tribune Company, is expected to be asked to resign.

LG CEO Nam Yong is stepping down October 1 due to slumping mobile phone sales.

Ed Whitacre will be replaced by The Carlyle Group's Daniel Akerson on September first.

Lauded for making Hewlett-Packard Co. the world's biggest technology company, CEO Mark Hurd was in talks for a new contract worth about $100 million, according to a person familiar with the negotiations.

Hewlett-Packard Co. shocked Wall Street Friday afternoon with the announcement that its chairman and chief executive, Mark Hurd, is resigning immediately in the wake of a sexual harassment investigation that revealed ethics issues.

BP Chief Executive Tony Hayward will collect a pay and pension package worth at least 11.8 million pounds ($18.03 million) when he steps down from his role at the company, the Times newspaper reported on Sunday.

BP denied its embattled chief executive was resigning as the first tropical storm to hit the Gulf of Mexico this year threatened to disrupt cleanup work on its massive oil spill, even from a distance.

The move was the latest sign that the longtime allies in the computer world are beginning to compete for business.