Suprise as SAP's Apotheker steps down as CEO - TechCentral

Suprise as SAP’s Apotheker steps down as CEO

[Best of the Web — Monday, 8 February 2010]

Leo Apotheker

Leo Apotheker

Apotheker makes way at SAP: In a surprise move, Leo Apotheker is to step down as CEO of German business software giant SAP, less than a year after taking the job. He will be replaced by joint CEOs, SAP insiders Bill McDermott and Jim Hagemann Snabe. The company declined to provide details of why Apotheker is leaving. However, SAP has come under intense pressure recently as the economic recession has cut into sales and profits. The surprise announcement put downward pressure on SAP shares on Monday. [The Wall Street Journal] [Reuters]

Murdoch vs Rusbridger over future of online content: News Corp chairman Rupert Murdoch and Alan Rusbridger, editor of The Guardian in the UK, are squaring off over the future of journalism — or, more specifically, whether consumers will pay to read content online. Murdoch plans to throw up pay walls around his newspaper websites and is hoping the industry follows him. But Rusbridger thinks Murdoch as lost the plot. [The New York Times]

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