Posts Tagged ‘executive’

Nokia Loses Its Head Honcho of Imaging, Face of PureView Technology

There was some surprising news in the smartphoneography world yesterday: Amateur Photographer reported that Nokia’s imaging chief Damian Dinning — “considered the driving force behind the firm’s smartphone camera technology” — would be leaving the company for personal reasons at the end of this month.
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Flickr’s New Head Used to Be a National Geographic Wildlife Photographer

Yahoo made some management moves a couple of weeks ago, with VP Adam Cahan becoming head of the company’s mobile endeavors and its photo-sharing service, Flickr. Cahan was previously the founder and CEO of IntoNow, a 12-week-old company that Yahoo acquired last year for $20 to $30 million.
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Ex-Kodak Employees Not Happy About Massive Executive Bonus Plan

Kodak’s ongoing request to dole out millions of dollars in bonuses to executives in the midst of its bankruptcy struggles has been met with plenty of criticism, but perhaps none more so than from former employees who are anxiously waiting to see whether their pensions and benefits will be affected. The Wall Street Journal writes,

In letters filed to Kodak’s bankruptcy docket Wednesday, Richard Pignataro and Cecil D. Quillen Jr. said it’s not fair for Kodak to reward executives while they and other former Kodak workers face the risk that the company could seek to trim or modify their benefits.

“To reward people with money that should go to us and for reducing our potential payout is grossly unfair and I ask that you reconsider this bonus plan and most importantly assist us to retain what we worked so hard to earn,” Pignataro wrote in a letter dated July 16.

Kodak’s plan proposes to set aside $8.8 million in cash and deferred stock for 15 “key management employees,” including nine executives, deemed “essential” to Kodak’s ability to successfully restructure.

Ex-Kodak Employees Blast Bonus Plan [WSJ]


Image credit: money cash hoes by RiverRatt3

Sigma Exec Apologizes to Customers on Twitter for SD1 Price

Apparently Sigma was aiming for a much lower price when developing the SD1 DSLR, but was forced to price it high after putting in whole bunch of “great stuff”. The company’s Chief Operating Officer Kazuto Yamaki is responding to user complaints on Twitter with some apologetic Tweets, saying the company had missed the price range that they had originally targeted. Perhaps the SD1 wasn’t designed as a halo product after all…

(via 1001 Noisy Cameras)

Flickr Chief Matthew Rothenberg Departs

Matthew Rothenberg, the man who has led Flickr the past two years has Head of Product, announced today that he is leaving the service. In a message posted to his Twitter account, Rothenberg states,

Here goes: after 5 years, I will be stepping away from Flickr. Will miss working with such a talented, hard-working, and hard-drinking team.

Despite reassurances from Yahoo that Flickr is doing well, many will undoubtably look at this development and wonder whether the future for the service is as bright as the company would like us to think. TechCrunch also reported today that the situation inside the service isn’t too great.
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