Companies & Sectors
High-profile executives quit Twitter, major overhaul expected
New York : With some of the high-profile executives putting in their papers, Twitter is set for a major overhaul this week under Jack Dorsey, the new CEO of the micro-blogging site, to revive the company's fortune, media reported.
 
According to a report in the Wall Street Journal, the company’s head of engineering Alex Roetter and product chief Kevin Weil are departing, along with Katie Stanton, the company’s high-profile head of media who had informed the company of her intention to quit some time back.
 
With this, Dorsey is planning to bring in two board members this week in a bid to revive the company and earn the trust of investors.
 
Stanton’s team might be reorganised under chief operating officer Adam Bain and a new incoming chief marketing officer.
 
Dorsey, 39, who had also served as the chairman of Twitter in past, had told the company that he would return as the CEO on a condition that the entire eight-member board must be replaced.
 
Dorsey, who featured on 11th spot on Forbes’ list of “America's Richest Entrepreneurs Under 40 in 2015", is trying to revamp the company that had fallen into disarray under his predecessor, CEO Dick Costolo.
 
Frequent management changes, strategy shifts and a sinking stock price paralysed the company. Twitter failed to evolve its product in a way to appeal to the mainstream mass, resulting in a growth stunt and investor concern, the report said.
 
Dorsey, who officially took over as CEO on October 5 last year, has made several roster moves, including cutting jobs and naming Google’s former chief business officer, Omid Kordestani, as Twitter’s executive chairman.
 
Under Dorsey, Twitter has released a news curation feature “Moments” and reportedly the company is working to extend Twitter’s identifying 140-character limit to 10,000.
 
Twitter’s eight-person board includes venture capitalist Peter Fenton, Hollywood executive Peter Chernin and Silicon Valley business executive Peter Currie.
 
The board also includes Evan Williams, who co-founded Twitter along with Dorsey and is one of the largest individual owners of Twitter stock.
 
Investors will be looking forward to Twitter as the company is expected to announce its fourth-quarter earnings on February 10, the reports added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Doctors in US city go paperless by using Google Glass
New York : Ten doctors at CHI Health Centre in the Omaha city of Nebraska state in the US are using Google Glass - personal assistant tool to help them take better care of patients by reducing the cumbersome paperwork.
 
Google Glass allows a remote scribe to take detailed notes for the physician - allowing the doctor to provide more direct patient care, ketv.com reported on Saturday.
 
The scribe delivers vital information like weight, lab work and blood pressure to the doctor through a projector, the report added.
 
"I had a hard time with the typing in the room," a doctor said, adding, "For me, if I don't look at a patient’s face, I would miss a lot of emotions. Now, I don't even have to turn on the computer in the room.”
 
The doctor said she just asks her helper scribe to put information and she gets it in no time.
 
According to the report, although the patients or the doctors cannot see or hear the scribe, they can see and hear what is going on during the appointment through a projector.
 
The health centre would soon be give away more devices to 10 more doctors, the report added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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The world's changed spin: How the East is rising again
Jaipur : The West is relinquishing its predominant role in global politics and economics to the East - Asia spreading from the Middle to the Far East - in this century and the significance of the ancient "Silk Roads", which were once the hub of commerce, culture and knowledge, is slowly getting restored, says a historian.
 
The Silk Roads area will shape the next century as it plays a significant role in the hydrocarbon economy, and in one sense, the terrorist outrages taking place in the European capitals and elsewhere arise from the Middle East, which is its significant part, said Oxford academician Peter Frankopan at a session titled "The Silk Roads" at the Jaipur Literature Festival on Sunday.
 
"Control over networks was the story of the 19th century, the 20th century and will be the story of the 21st century but now Eastern nations like India and China will be resuming eminence," he contended.
 
Frankopan, who in his new book "The Silk Roads: A New History of the World" seeks to reassess the role of the east where civilization itself began and the world's great religions were born and flourished but was eclipsed by the advent of colonialism from the western hemisphere from around the 15th century, says the East's role in shaping the world has not been sufficiently known.
 
Confessing himself influenced by Luke Skywalker, Alexander the Great and Indiana Jones, he said that he is in his book had sought to address the deficiency of the role of East.
 
Legendary travel writer Colin Thubron, who has travelled most of the Silk Roads region and described his adventures in a series of inimitable travelogues, noted Frankopan's book takes history back from the West and was an awesome feat of scholarship and the range of sources that had been consulted would need one knowing 15 to 16 languages.
 
Frankopan also sought to clarify that there was no such thing as a single Silk Road but rather a series of Silk Roads or networks that linked continents and oceans together, and "along which flowed ideas, goods, disease and death and empires were won and lost". 
 
And in the contemporary world, the patterns of exchange are mirroring those that were seen in the Silk Roads, as his book says.
 
On the significance of the area, he said it represented three things were the best of the human species - the willingness and ability to communicate, the ability to cooperate and curiousity.
 
"This is what brings me and you all to the Jaipur Literature Festival," he noted, adding it was along the Silk Roads that the goods and ideas that have shaped and influenced the world flowed till nearly half a millenia ago, when the focus shifted to the western hemisphere and colonialism which was based on unequal relationships and duplicity. 
 
He noted that in the era that the Silk Roads set the pattern for the world and Europe didn't figure into it, since it never had any resources thad could be traded, while there were more Christians in Asia then that had been in Europe till at least the 13th century
 
On the role of India vis-a-vis China in the new order he sketches, Frankopan quipped he was a "historian, not a prophet", but noted from what he understood India and China had been in competition for several centuries now for the leadership of neighbouring areas.
 
Stressing that regional cooperation was important, he said he got the impression that India was disengaging itself from the region.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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