Roundup: Anti-piracy law under attack, SEC goes after Mark Cuban and more
Here’s the latest action:
Harvard professor attacks music industry law — Harvard Law School professor Charles Nesson will attempt to overturn the Digital Theft Deterrence and Copyright Damages Improvement Act of 1999 by arguing that it unconstitutionally allows a private group to carry out civil enforcement of a criminal law by fining alleged music pirates.
SEC charges Mark Cuban with insider trading — Cuban is accused of dumping shares of Mamma.com shortly after learning that the company would raise… Continue Reading
Founder Diane Greene ousted from VMware as poor results announced
Diane Greene was ousted as chief executive of VMware today.
Just a few weeks ago, Greene was beaming with pride when she received a “visionary award” from the SD Forum. Her chief scientist, Mendel Rosenbaum, introduced her as proof positive that you don’t have to be a jerk to be a successful CEO of a multibillion dollar company.
Things can change fast. VMware announced today that Greene has been replaced by former Microsoft executive Paul Maritz as… Continue Reading
Roundup: Verizon buys Alltel, CalPERS backs Khosla, and more
Verizon to buy Alltel, your cell phone bill to go up? — Verizon has concluded a deal to buy smaller wireless operator Alltel for $27 billion. Combined, the two will pass AT&T to become the largest operator in the US. Alltel has many users in the Midwest, and it has gotten relatively good marks for things like customer service, that market leaders like Verizon and AT&T are not known for. Analyst Craig Moffett of Sanford C…. Continue Reading