Today : Wednesday - Sep 17, 2014, 07:06pm (GMT+5.5)
All News  
Top News
National News
International News
Business News
Sports News
   » Cricket
   » Football
Entertainment News
Sci - Tech
Politics News
Health & Fitness
Education
Travel
Lifestyle
Gulf News
Featured
 
::| Latest News
News in Pictures

Reliance Communications has made full repayment of two loans amounting to $1 billion (around Rs 6,000 crore), during the quarter ended June 30.The repayments have been from the company's rupee resources.

Business News
 

Ousted Yahoo CEO Scott Thompson leading new Amazon-like startup

Tuesday - Dec 18, 2012, 02:51pm (GMT+5.5)
[+] Text [-]

Ousted Yahoo CEO Scott Thompson leading new Amazon-like startupWashington -  Former Yahoo chief executive Scott Thompson, who lost his job earlier this year when it turned out he didn't earn the computer science degree on his resume, is now leading a new startup.

The San Jose Mercury News interviewed Thompson about his new role as the CEO of e-commerce startup ShopRunner.

The company offers Amazon-like shipping services and Thompson described it as "Amazon Prime for everybody else."

According to the Washington Post, ShopRunner is two years old firm and it has 60 employees.

Thompson told the Merc, he was fascinated at the challenge of growing the company into something big.

Online firm eBay, owner of PalPal, which Thompson used to run, owns a stake in ShopRunner, the paper said.

Thompson didn't receive severance from Yahoo, but he did get 7 million dollars in "walking-away money," according to the Merc.





|

Rating (Votes: )   

blog comments powered by Disqus


Related Articles:
» Kudankulam N-plant to reconnect to the grid Oct 26
» Rupee unchanged at 61.46
» Kerala Tourism takes Twitter route for campaign
» Onion prices to come down in next 10 days: Thomas
» Ratan Tata meets Sharma post FIPB nod for airline venture
» Mamata government selling onions at Rs.36 per kg
» Gold prices gaining by Rs 480 to Rs 32,410 per ten gram
» Mukesh Ambani remains richest Indian with assets of $18.9 billion
» Top 100 rich Indians' net worth rises to $250 billion
» Bharti Airtel board approves subsidiary merger
» Emirates expects to fly 70 mn passengers in 2020
» Japan's Olympus scales down India business projection
» Tewari pulls up Ludhiana officials over MGNREGA funds
» India-France trade can aid inclusive growth: Jaipal Reddy
» China to set up power equipment service centres in India
» Reduced arrival of onions behind price hike: Dikshit
» Shanta Kumar slams delay in export ban on onions
» Sri Lanka records strong tourist, remittance earnings
» Cochin airport investors set to reap profits
» Etihad Airways to double Colombo flights
» Jet Airways standalone losses jump eight-fold to Rs. 891 crore
» RBI receives $10.1 billion under forex swap window
» SBI to get Rs 2000 cr as part of Rs 14K cr banks fund infusion
» Mobile economy to add $400 billion to India GDP: GSMA
» Volvo launches next generation S60 and XC60


Other Articles:
Apple shares drop below $500 first time since February (18th Dec, 2012)
India's central bank keeps rates unchanged (18th Dec, 2012)
Gold seen in ranges, awaiting RBI’s mid-year monetary policy (18th Dec, 2012)
Maharashtra's only palace hotel to go under hammer (18th Dec, 2012)
StanChart rapped for denying credit card insurance benefit (18th Dec, 2012)
India lost $123 billion in black money in a decade (18th Dec, 2012)
Temasek to buy 20 % in Godrej agriculture business unit for Rs. 572 crore (18th Dec, 2012)
Kingfisher plans to fly again,KFA promoter Vijay Mallya is ready to infuse funds Rs 425 cr (18th Dec, 2012)
Reserve Bank of India’s mid-quarter monetary policy review today (18th Dec, 2012)
Russian-Arab business meet opens in Sharjah (18th Dec, 2012)
Reliance Power founders to sell stake in company (18th Dec, 2012)
India for currency swap in South Asia, RBI to relax norms (18th Dec, 2012)
RBI likely to keep interest rates on hold (18th Dec, 2012)
Kingfisher Airlines eyes phased restart (18th Dec, 2012)
One terrorist in Peshawar attack was from Russia (18th Dec, 2012)
Allocate coal blocks urgently through bidding: House panel (18th Dec, 2012)
McNally Bharat seeks technology partners (18th Dec, 2012)
Fiscal deficit target can be met: Rangarajan (17th Dec, 2012)
Sensex down 73 points ahead of RBI policy announcement (17th Dec, 2012)
Nationwide bank strike Thursday (17th Dec, 2012)
Fake phones fading out of China market (17th Dec, 2012)
Jet Airway scrip touches 52-week high (17th Dec, 2012)
Kerala not to introduce prohibition (17th Dec, 2012)
Gold prices declines by Rs 5 to Rs 31,425 per 10 gm (17th Dec, 2012)
Odisha tyre unit temporarily shut (17th Dec, 2012)




Contact Us | Advertise with Us | Privacy Policy | Disclaimer | Terms of Use