Lawsuit Settled!

The lawsuit filed by the Skype founders against eBay have been settled. Ebay has agreed to give the two founders a 14 percent stake of Skype as part of the deal. What eBay wanted to do was spin Skype off and sell stock into the business. During their research of spinning Skype an investment group wanted to purchase 65 percent of Skype for about $2 billion in cash. When the founders were told about the plans they filed suit against eBay for copyright infringement. The founders stated that they own the software that runs Skype, which is licensed to eBay under contract. They were claiming that the agreement between them and eBay would be violated if Skype was sold to this investment group. To keep this short, eBay settled because I think they wouldn’t win against the founders of Skype. So that’s why they agreed to give them 14 percent, sell off 56 percent to the investment group, and keep 30 percent for themselves. I think if they would have just brought Skype to the public they could have made a lot more money. The problem with bringing it to the public is reporting. When a company is publicly traded everything needs to be reported, incomes, profit and loss numbers. The way the deal was done nothing needs to be reported.

First Impressions!

Are you one of the millions of people looking for your new career? If so, one of your main focuses should be making the best first impression you can. I read on the Gillette Career Advantage site that ninety percent of HR professionals think that a first impression is more important than a firm handshake. I’m telling you, if you go in the interview looking like everyone else your going to end up like everyone else, with no job. Making yourself stick out from the rest will win you that job every time. And if your looking for help to create a new style for yourself check out the Gillette Resource Center. At the Gillette Resource Center you will get expert advice from Mark Jeffries and GQ style correspondent, Brett Fahlgren. You can take the Gillette Career Quiz, and view the hire guide to see what HR professionals are thinking, and looking for. This site is your chance to get yourself ready for your next professional interview. You should take full advantage of the Gillette Resource Center, because if you don’t, your wasting your time going to your next interview. So do the right thing, click one of the links in this post, and turn your life around for the better.

Buying NBC!

It seems lately that businesses are selling off parts of their businesses. Or in some cases their just out right selling off to others. I’m not sure if these businesses are so deep in debt, or people are ready to cash out now that the markets have recovered some. One big buyout in the news is the news. General Electric Co., which owns 80 percent of NBC Universal is considering selling off 51 percent stack to Comcast Corp. GE is going to spin off NBC, which would make NBC it’s own company. GE would remain part owner of NBC with a small stack. Not sure why Comcast really wants NBC. What I do know is that Comcast plays dirty when it comes to buying businesses. They purchased E! and Style, as well as a few sports channels in the past. They even tried to do a hostile bid for the Walt Disney Co. It’s a good thing that deal didn’t happened, a cable company running Disney would have been bad. I wonder how the shareholders feel about all this buying.

It’s About Time!

Another top executive from the energy giant Enron Corp. is going to prison. Joseph Hirko was chief executive of Enron’s Internet division. He is going away for 16 months because he lied, he stated that the division go do things he knew could never do. He also will be paying $8.7 million in restitution. What I like to do is ask the federal government is letting him keep? They should take every dime from him and toss him to the street. Because there are a lot of people that lost all their money in Enron Corp. The one’s that lost the most are Enron employees, they lost their 401k’s and jobs. This guy should lose everything he owns. If I was an employee or investor I would demand for that. I just hope the fed took that in consideration when they entered a deal with him.