Directors, executives accused of bringing company into legal trouble
A new lawsuit, filed on behalf of plaintiff R. Andre Klein, is seeking damage compensation for Apple shareholders as a result of alleged misconduct by the company's directors and executives. Lawyers for Klein accuse former CEO Steve Jobs, current CEO Tim Cook and others of "breach of fiduciary duty, gross mismanagement, corporate waste, and breach of the duty of honest services." Specifically, by engaging in anti-poaching practices, Apple leaders are said to have caused the company to break antitrust laws, issue misleading proxy statements, and suppress workers' wages.
Bill Maris credited with spearheading project
Google is reportedly planning to invest hundreds of millions into its Calico health startup. The company has yet to publicly disclose its monetary commitment, however fresh details have emerged in a Forbes report. Although ex-Genentech CEO Art Levinson has already been confirmed as the top executive in Calico, unnamed sources suggest the endeavor is actually the brainchild of Google Ventures managing partner Bill Maris.
Jobs, Zuckerberg get prominent seats
Several major US technology executives have been officially photographed with President Obama at a dinner meeting on Thursday night. As expected, three people on the guest list included Apple CEO Steve Jobs, Google's Eric Schmidt, and Facebook CEO Mark Zuckerberg. Jobs and Zuckerberg were notably given the most prominent positions during the dinner, seated directly to the left and right of the President.