NEW YORK (Reuters) – A New York judge has ordered an anonymous blogger to appear in court next week over accusations that the blog Alfredlittle.com wrote false reports about a Chinese company to drive down the stock. The blogger was served with a subpoena via email to appear in state Supreme Court in New York on May 16, according to a court filing on Friday. The blogger could not be identified …
Yahoo CEO Scott Thompson is sorry for allowing an inaccuracy about his education to appear in his official biography, but not remorseful enough to heed calls for him to resign. Thompson apologized for the uproar caused by the misinformation in a memo sent Monday to the troubled Internet company’s employees. Yahoo Inc. provided a copy of the memo to The Associated Press. The memo didn’t offer any explanation why Thompson’s bio has periodically listed a bachelor’s degree in computer science that he never received. The exaggeration was most recently repeated in documents that Yahoo filed with the Securities and Exchange Commission. “We have all been working very hard to move the company forward, and this has had the opposite effect,” Thompson wrote. “For that, I take full responsibility, and I want to apologize to you.” He assured Yahoo employees that he remains focused on taking the steps that he believes are needed to revive Yahoo’s revenue growth and boost its long-sagging stock, even with his own job imperiled. Thompson’s note of contrition came on the same day that an activist hedge fund that owns a 5.8 percent stake in Yahoo escalated its effort to oust the CEO for unethical conduct. The fund, Third Point LLC, issued a legal demand to review internal Yahoo documents that may explain how much research the company’s board did about Thompson’s background before hiring him in January. Third Point contends it’s entitled to the records under the laws of Delaware, where Yahoo is incorporated. Yahoo didn’t respond to requests for comments about Third Point’s demand. After initially brushing off the misinformation as an “inadvertent error,” Yahoo’s board opened an investigation into the circumstances that led to the computer science degree being included in Thompson’s bio. Thompson told employees that he “respects the process” and will provide whatever information the board requests. Besides…
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Most security executives see mobile technology as their biggest concern, and some have moved from roles as security tacticians to higher-level strategic management. Those are some of the conclusions of a new report from IBM, its first study of senior security executives. IBM’s Center for Applied Insights interviewed more than 130 security leaders around the world for the report, entitled Finding a Strategic Voice: Insights from the 2012 IBM Chief Information Security Officer Assessment. It found that the executives fell into three categories — the Influencers, the Protectors, and the Responders. ‘Confident and Prepared’ The Influencer-type security executive is identified in the study as being “confident and prepared,” influencing business strategy relating to security. According to the study, Influencers’ organizations rank highest in key determining factors. These include the likelihood that they have a dedicated CISO, have a security and risk committee, feature information security as a regular board topic, or use a standard set of metrics to measure progress. David Jarvis, the report’s author, said in a statement that the more advanced Influencers represented a new class of CISO leaders “who are developing a strategic voice.” He said this maturing of the role is similar to the pattern the evolved the modern CFO position in the 1970s and the CIO in the 1980s, in each case from a technical to a strategic business role. Protectors are less confident, and, although they prioritize security on a strategic basis, they lack necessary structural elements that exist in Influencers’ organizations, since they rank second in the key determining factors, such as the likelihood of having a CISO. Responders are the least confident, are focused largely on protection and compliance, and they rank third in the determining factors. While Influencers connect strategy to security, the report described Responders as those who are more concentrated on a tactical focus. Influencers’ Practices The…
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