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March 30, 2011 | By Nathan Olivarez-Giles, Los Angeles Times
Microsoft Corp. co-founder Paul Allen says Bill Gates, his onetime business partner, was a "mercenary" opportunist who schemed to lessen Allen's stake in the software company. Allen, now a venture capitalist in Seattle, says in his book "Idea Man: A Memoir by the Cofounder of Microsoft" that he learned of the plot while listening in on a conversation between Gates and Steve Ballmer in 1982, after he had been diagnosed with Hodgkin's disease. Gates is currently Microsoft chairman and Ballmer is chief executive.
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BUSINESS
November 3, 2011 | By Dawn C. Chmielewski, Los Angeles Times
The British phone hacking scandal continues to take its toll on News Corp. The media conglomerate on Wednesday reported a 5% drop in its fiscal first-quarter earnings. It incurred charges associated with shutting down its News of the World tabloid in London, which has been at the center of the scandal, and abandoning its bid to acquire 100% of satellite broadcaster British Sky Broadcasting. News Corp.'s financial disclosures come as a Vanity Fair magazine article — on newsstands Friday but released to media Wednesday — reveals how the hacking crisis has intensified a rift among members of the Murdoch family, which owns 12% of the company's shares but controls nearly 40% of their voting power.
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BUSINESS
November 3, 2011 | By Dawn C. Chmielewski, Los Angeles Times
The British phone hacking scandal continues to take its toll on News Corp. The media conglomerate on Wednesday reported a 5% drop in its fiscal first-quarter earnings. It incurred charges associated with shutting down its News of the World tabloid in London, which has been at the center of the scandal, and abandoning its bid to acquire 100% of satellite broadcaster British Sky Broadcasting. News Corp.'s financial disclosures come as a Vanity Fair magazine article — on newsstands Friday but released to media Wednesday — reveals how the hacking crisis has intensified a rift among members of the Murdoch family, which owns 12% of the company's shares but controls nearly 40% of their voting power.
BUSINESS
March 30, 2011 | By Nathan Olivarez-Giles, Los Angeles Times
Microsoft Corp. co-founder Paul Allen says Bill Gates, his onetime business partner, was a "mercenary" opportunist who schemed to lessen Allen's stake in the software company. Allen, now a venture capitalist in Seattle, says in his book "Idea Man: A Memoir by the Cofounder of Microsoft" that he learned of the plot while listening in on a conversation between Gates and Steve Ballmer in 1982, after he had been diagnosed with Hodgkin's disease. Gates is currently Microsoft chairman and Ballmer is chief executive.
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