Folks, time to celebrate. Maneesh Dhir, the head of AOL International and the bloke responsible for aggressively pushing AOL’s expansion into India, has quit. We say Good Riddance to Bad Rubbish. God knows, how many jobs Maneesh killed in the U.S. in his missionary zeal to outsource AOL operations to India. A recent memo from AOL […]
Of the 40 finalists in the prestigious Intel Science Talent Search 2009 competition, eight are desis (many seem to be South Indians). Often referred to as the Junior Nobel Prize, the Science Talent Search is America’s oldest and most prestigious science research competition for high school seniors. Seven former finalists have won the Nobel Prize. Numbering […]
Well known Silicon Valley entrepreneurs Venky Harinarayan and Anand Rajaraman have raised $20 million from Time Warner and existing investors Accel Partners, Lightspeed Venture Partners and Dag Ventures for their web navigation startup Kosmix taking the fledgling’s total backing to $55 million. Other Kosimix investors include Amazon.com CEO Jeff Bezos and Ed Zander (yeah, the […]
Citigroup CEO Vikram Pandit has lost the battle for Wachovia’s banking assets and will not come in the way of Wells Fargo acquiring all of Wachovia. It’s of course possible that the U.S. government may have pressured Citi and the Desi butcher Vikram Pandit to shut up or promised Citi some other candy later in exchange […]
Former Goldman Sachs banker and U.S. Assistant Secretary of the Treasury for International Economics and Development Neel Kashkari, 35, will oversee the $700 billion tax-payer bailout of financial institutions triggered by greedy Wall Street swines. On October 6, 2008, the U.S. Treasury Department named Neel Kashkari Interim Assistant Secretary of the Treasury for Financial Stability. In […]
Just days after Citigroup CEO Vikram Pandit was gloating about picking up the banking business of Wachovia Corporation with the blessings and support of the U.S. government, Wells Fargo seems to have snatched the prize away. The Wachovia board has approved Wells Fargo’s offer of $15.1 billion ($7 per Wachovia share), which does not require […]