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Companies lay off vast numbers of workers with such regularity that you may not have noticed the announcement. Last week Citigroup Inc. said it would lay off 11,000 workers worldwide, citing a need to reduce expenses. Yet, at the same time, Citi revealed it gave top execs hefty "incentive awards," including ...

Remember Peter Thiel? The billionaire venture capitalist and PayPal creator has made a lot of headlines over the past few years for his contrarian opinions -- and his willingness to put money behind them. Creator of the Founder's Fund, a group dedicated to funding "bold, audacious ideas," he has become known for ...

By Julianne Pepitone NEW YORK -- Shock over the news that Yahoo CEO Scott Thompson padded his resume with an embellished college degree quickly gave way to two questions: How the hell did this happen? And what should Yahoo, which went through three CEOs in three years, do about it? "Thompson has quickly ...

By Nicholas Carlson, BusinessInsider Yahoo's new CEO, Scott Thompson, is under fire for telling the SEC (and Yahoo's board) that he had a computer science degree from Stonehill College when he does not have one. Yahoo shareholder Dan Loeb, the hedge fund manager of Third Point who is also in the middle of ...

By Michael Liedtke SAN FRANCISCO -- Yahoo is laying off 2,000 employees as new CEO Scott Thompson sweeps out jobs that don't fit into his plans for turning around the beleaguered Internet company. ...

By John Sumser Life is good if you are Reid Hoffman. The self-made billionaire was a part of the founding team at PayPal. He took his winnings from that expedition and went on to found LinkedIn. Hoffman knows what success is. I'd like to tell you that I've been chumming around with him; that in his jet ...