Boston, MA 02/24/2014 (wallstreetpr) – Hewlett-Packard Company (NYSE:HPQ): As the company’s Israeli head Joshua Bakoli retires, HP is reportedly taking its U.K vice president David Lander to head operations in Israel. Bakoli had been HP Israel CEO for about seven years, but announced retirement in November. Therefore, Mr. Lander successfully vied for the position to spearhead HP Israeli operations, beating other candidates in the process. At the U.K. headquarters where he was based, Mr. Lander also served as vice president of HP’s strategic alliance with Alcatel-Lucent S.A. (NYSE:ALU). This change of guard in Israel comes just when the company recently reported encouraging quarter results, helped mainly by surprise performance in two of the company’s largest operations. Hewlett-Packard Company (NYSE:HPQ) has about 6,500 employees in Israel and the company earlier this year announced plans to trim its global workforce by 11 percent as part of its cost reduction strategies.
Zynga Inc (NASDAQ:ZNGA), the social games maker that like Facebook Inc (NASDAQ:FB) soon after initial public offering, is now becoming the rival’s measuring yard in how best to go public. King Digital Entertainment is planning its own IPO, but at the center of the thing are spirited efforts to avoid Zynga blunders. First, King is already into a profitable business, its revenue and profits are very impressive and investors are looking forward to equally great IPO. King’s success is among other things helped by its strong position in mobile, an area that Zynga still needs to do a lot. In efforts to avoid blunders that befell Zynga, King has taken a different set of banks to manage its IPO process. Further, the games maker has also modestly priced its IPO at just $500 million, against $1 billion that Zynga Inc (NASDAQ:ZNGA) aimed at in its 2011 IPO.
Citigroup Inc (NYSE:C) was among the generous banks on Wall Street in terms of executive pay. Generally Wall Street banks are already past the troubles of the financial crisis and this can be seen in the manner the stocks have roared back. Thus, it seems boards are willing to say thank you to their CEOs in a big way and Citigroup CEO was among those that concluded 2013 with fat compensation according to regulatory filings done late last week. The bank offered more than $14 million to its CEO Michael Corbat, thus bringing his pay in line with Wall Street peers.
