Move comes as company struggles to keep up with mobile landscape
The anti-virus software maker Symantec fired its CEO this week, adding to the list of troubles for the ailing firm, which has seen revenues decline as the PC market cools and more competitors enter the fray. The termination of Steve Bennett marks the most recent high-profile exit for Symantec, which has seen five other senior executives part ways with the company since July.
Eight candidates believed to remain in contention for top Microsoft role
Former Nokia CEO Stephen Elop is now even closer to becoming the next chief executive of Microsoft, after the software producer narrowed its external candidate list to approximately five people, according to a report. Ford CEO Alan Mulally and Oracle president Mark Hurd are said to still be in the running alongside Elop, with the list severely cut down from the initial 40 names.
Hastings to earn $4 million next year at Netflix
Netflix CEO Reed Hastings will see a bigger paycheck from the video streaming service next year, with the streaming service revealing a $4 million compensation package in documents filed today with the Securities and Exchange Commission. Hastings will receive $2 million in salary and $2 million in compensation through stock options, with the latter growing or shrinking in value depending on Netflix's performance. The 2013 pay package represents a significant jump for Hastings, who earned $500,000 in salary and $1.5 million in stock options in 2012.