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Why SAP CEO Bill McDermott signs his emails ‘XO, Bill’ since buying Utah startup Qualtrics for $8 billion cash

“Four months ago, SAP shocked the software world by buying Utah-based market research software company Qualtrics for $8 billion in cash” writes Julie Bort for businessinsider.com. McDermott, who rose to the corner office of Europe’s biggest software company from a career as a salesman, was ready to explain.The “O” stands for operational data, the stuff SAP has traditionally collected like finances, inventory, sales and human resources information.McDermott didn’t discuss the layoffs much with Business Insider, except to say that the company is adding employees this year. Source: businessinsider.com

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Synaptics CEO out as earnings hit by China softness, stock plunges

“Synaptics revealed that its fiscal third-quarter earnings and revenue would be “around” the lower end of its guidance range, and stated that revenue was “affected by demand softness in China.”” writes Jeremy C for marketwatch.com. Synaptics released second-quarter earnings last month, and announced the departure of its chief financial officer for Lumentum Holdings Inc.SYNA, +2.01% shares dropped 7% in after-hours trading Friday afternoon, after the tech company announced that its chief executive is leaving and that its earnings had disappointed amid troubles in China.Synaptics stock has struggled since merger discussions…

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Facebook’s head of product is out and Tesla is rebuilding its finance team: Here are the top power moves of the week

“Read more about this and other notable executive changes: Chris Cox, Facebook’s Chief Product Officer and key lieutenant of Mark Zuckerberg, is leaving the company amid a leadership reshuffle” writes The Org for businessinsider.com. As part of the leadership transition, John Standley will step down as chief executive officer.The moves come as Tesla looks to rebuild its finance team after a wave of executive departures. Source: businessinsider.com

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Stellar Foundation Appoints Former Mozilla COO as CEO and Executive Director

“The Stellar Development Foundation announced the appointment of former chief operating officer at IT non-profit Mozilla, Denelle Dixon, as its new CEO and executive director” writes Adrian Zmudzinski for cointelegraph.com. The company announced the event via a press release published on March 14.Per the press release, during her work at Mozilla, Dixon reportedly led the company’s fight for net neutrality and control over personal data.The current executive director and co-founder of the foundation, Jed McCaleb, will now focus on the network protocol and adoption strategy as chief architect. Source: cointelegraph.com

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Crypto News 

Japan Court Sentences Suspended Jail Term to Ex-Mt. Gox CEO

“Gox, Mark Karpeles, guilty on charges of data manipulation” writes Arnab Shome for financemagnates.com. Though Karpeles was found guilty of tampering trading data on the exchange, he was acquitted from the charges of embezzling millions from client accounts.Gox was one of the first well-received Bitcoin exchange which reportedly once handled 70 percent of the world’s Bitcoin transactions. Source: financemagnates.com

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Crypto News 

Late QuadrigaCX CEO Used Personal Money to Fund the Exchange

“The exchange recently transferred a significant amount of its crypto holdings to Ernst and Young, the court-appointed monitor of the crypto exchange, obeying the court orders” writes Arnab Shome for financemagnates.com. The deceased CEO of QuadrigaCX, Gerry Cotten, had used his personal funds to keep the exchange afloat while it was in a litigation process with a Canadian bank, revealed his wife.However, in the court, the troubled crypto exchange argued that there are no competing claims made for the frozen funds and it was mistakenly frozen by the banks.Later, a Canadian…

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What General Electric investors want from CEO on Thursday

“Culp has a chance to attract more investors by providing greater clarity on GE’s strategy when he and other GE leaders lay out their 2019 financial forecast on Thursday” writes Midwest Communications Inc for 95kqds.com. GE’s power unit has cut 12,000 jobs and 30 percent of facility space but plans to spend more on restructuring this year, he added.NEW YORK (Reuters) – Portfolio manager Michael Kon began buying General Electric Co shares about a year ago and got more last fall after GE Chief Executive Larry Culp outlined plans to…

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QuadrigaCX CEO Used Personal Money to Fund Exchange During Litigation With Bank in 2018

“The late founder of Canadian crypto exchange QuadrigaCX, Gerry Cotten, was purportedly funding the exchange with his own money while it was in litigation with a major Canadian bank” writes Ana Alexandre for cointelegraph.com. In the recent statement, Robertson also revealed that the legal firm currently representing the exchange will cease its association with Quadriga CX, apparently due to a conflict of interest.After $145 million in crypto assets went missing following Cotten’s death, Robertson provided interim financing for legal proceedings.Cotten’s widow Jennifer Robertson revealed details about the exchange’s financial situation…

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