Jed Stremel latest executive to leave Facebook
Facebook has lost another senior executive.
This time it’s Jed Stremel who was the Facebook’s Director of Mobile.
He has been working at Facebook for the last four years.
Facebook has not yet commented on his departure.
Facebook recently lost another executive Josh Elman to Twitter.

Andreas Ehn leaving Spotify
Andreas Ehn has revealed that he is stepping down from his position as the CTO of Spotify.
He is leaving the company for new ventures.
Spotify has confirmed the same and they are going to announce his replacement in the coming days.
Spotify is one of the hottest music services on [...]

Carl Icahn resigns from Yahoo board
Carl Icahn has announced that he is resigning from the board of Yahoo.
He had joined the company board last year with the aim of forcing the company to sign a deal with Microsoft.
Icahn said that Yahoo does not need an activist investor as a director at this [...]

Wolfgang Prock-Schauer resigns as CEO of Jet Airways
India’s private airline operator Jet Airways has revealed that their CEO Wolfgang Prock-Schauer has resigned from his position in the company.
His resignation is effective from October 15.
The company has appointed Nikos Kardassis as the new acting CEO while they look for a suitable replacement.
Nikos Kardassis is [...]

Bill Gates is still the richest man on planet Earth
Forbes has published their latest list of the richest individuals in the United States.
As expected, Microsoft co-founder Bill Gates is at the top with a net worth of USD 50 billion.
His close friend Warren Buffett of Berkshire Hathaway is second with a [...]

Shashi Seth joins AOL as senior vice president of global advertising
US based internet media company AOL has announced that they have hired Shashi Seth as their new senior vice president of global advertising.
He arrives at AOL from Cooliris which is known for their popular Firefox and Internet Explorer add-on.
Seth would now report directly to [...]

Aber Whitcomb leaving MySpace
US based social networking company MySpace has revealed that Aber Whitcomb is leaving the company in the near future.
Aber Whitcomb is currently the CTO and also one of the co-founders of MySpace.
He would be replaced by MySpace Music’s current CTO Alex Maghen.
With this, most of the original guys [...]

Donald Fisher, Founder of GAP dies
The founder of the apparel industry giant GAP, Donald Fisher has died. He was 81.

Fisher has been fighting a losing battle with cancer since a long time.
He opened the first GAP showroom along with his wife Doris in 1969 in San Francisco.
It is now one of [...]

Maggie Wilderotter to leave Yahoo board later this year
US based internet media giant Yahoo has revealed that Maggie Wilderotter would be leaving their board of directors at the end of the year.
Yahoo currently has 12 directors on their board.
The company said that Maggie Wilderotter is resigning to spend more time with other [...]

Dick Cook leaving Walt Disney Studios
Walt Disney Studios has announced that their current chairman Dick Cook has decided to step down from his position in the company.
Cook is leaving the company to pursue other interests.
Industry sources say that Cook told the company management that he no longer fits in his current position.
Disney [...]