UPDATE: Months after massive data breach, Target makes a change at the top
Target CEO Gregg Steinhafel is stepping down from his role, months after a massive data breach affected millions of the retailer’s customers. CFO John Mulligan will replace Steinhafel in the top job on an interim basis while the Minneapolis-based company searches for a permanent replacement.
Twitter tirade by ex-PayPal strategy director targets comms chief
Rakesh Agrawal, PayPal’s former director of global strategy, is no longer at the online payments company after going on a Twitter diatribe against its executives, including VP of global communications Christina Smedley. In one of a series of now-deleted tweets captured by various media sites, Agrawal called Smedley a "useless middle manager," among other insults. He told Re/code that he left the company on his own and blamed the mishap on testing a new phone.
Buffett charm offensive highlights Berkshire annual meeting
Berkshire Hathaway chief Warren Buffett took questions from shareholders, analysts, and members of the press on Saturday at the company’s annual meeting, answering queries about his decisions from the past year and putting his legendary folksiness on full display. In one exchange, Buffett defended his decision to name his son Howard as the company’s future non-executive chairman.
LA mayor predicts long battle for Clippers
Los Angeles Mayor Eric Garcetti said on Face the Nation on Sunday morning that he believes disgraced Los Angeles Clippers owner Donald Sterling will put up a "long, protracted fight" to keep the team. NBA commissioner Adam Silver issued a lifetime ban for Sterling last week after a tape surfaced of him allegedly making racist remarks. Sterling’s estranged wife Shelly, the Clippers’ co-owner, said over the weekend that she supports the NBA’s decision.
After rough 2013, self-deprecating humor from Obama
President Barack Obama poked fun at the botched rollout of Healthcare.gov among other 2013 mishaps at the White House Correspondents Dinner on Saturday night. Politico has roundups of his best lines and those of host Joel McHale.
Small victory for Apple in patent case against Samsung
Apple won a legal victory against Samsung on Friday night, but it was awarded only a small portion of the damages it sought for infringement on two patents. The judgment likely disappointed Apple executives, who hoped to force its rival to change the way it makes smartphones.