Light Reading
Chief business officer Nikesh Arora will become CEO of SoftBank Internet and Media as the Android maker misses on profits, but exceeds revenue expectations.

Google Biz Boss Leaves for SoftBank

Sarah Reedy
7/17/2014
50%
50%

Google's chief business officer, Nikesh Arora, is leaving the company after 10 years to take a leadership role at SoftBank, the Android maker revealed on Thursday along with its second quarter earnings.

Arora will become the vice chairman of SoftBank Corp. , as well as the CEO of SoftBank Internet and Media. Omid Kordestani, who currently leads the Google (Nasdaq: GOOG) sales team, will take over the business organization. (See MWC 2011: SoftBank CEO Bets on the Mobile Web.)

"Thank you googlers for your support and love in the last 10 years," Arora Tweeted. "Will miss all of you. Looking forward to the next adventure."

For the second quarter, Google reported earnings of $6.08 per share on revenue of $12.7 billion, missing Wall Street expectations of earnings of $6.28 per share, but surpassing revenue estimates of $12.32 billion. The company's stock slipped 8.993 basis points, or 1.5%, to $573.73, at the release of its earnings report.

— Sarah Reedy, Senior Editor, Light Reading

(5)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View
SReedy
50%
50%
SReedy,
User Rank: Blogger
7/21/2014 | 10:37:00 AM
T-Mobile tie
it's also worth noting that before Google, Nikesh was at Deutsche Telekom, T-Mobile's parent company, so that could be another motivator for Softbank to hire him...
kq4ym
50%
50%
kq4ym,
User Rank: Light Sabre
7/18/2014 | 9:44:57 AM
Re: $$$
It would be interesting to run the analytics of all the execs bailing from Google and see if there's something behind the curtain. Leaving for better opportunities and pay/benefits are the norm, but I wonder if this is what's going on at Google?
Kruz
50%
50%
Kruz,
User Rank: Light Sabre
7/18/2014 | 9:17:21 AM
Re: $$$
Based on what you are saying, it seems strange to me that this is happening in parallel with earnings falling short on profit.
Ray@LR
50%
50%
Ray@LR,
User Rank: Blogger
7/18/2014 | 7:15:57 AM
Re: $$$
But is he happy?

Oh...
SReedy
50%
50%
SReedy,
User Rank: Blogger
7/17/2014 | 5:06:50 PM
$$$
Recode points out that Arora was Google's highest-paid exec in 2012, earnings $51 million, including an $8 million cash bonus he'd have to forfeit if he left before 2015. An SEC filing says that requirement is being waived. Lucky guy. Must be a sweet gig at Softbank too.

 
Flash Poll
LRTV Custom TV
A New Security Paradigm in SDN/NFV

7|28|14   |   02:54   |   (0) comments


Paul Shaneck, Global Director Network Solutions for Symantec, discusses the evolving virtualized network, explaining how Symantec is leading the security discussion as it relates to SDN and NFV, and helping to ensure the network is protected and compliant.
LRTV Documentaries
Sprint's Network Evolution

7|24|14   |   14:59   |   (0) comments


Sprint's Jay Bluhm gives a keynote speech at the Big Telecom Event (BTE) about Sprint's network and services evolution strategy, including Spark.
LRTV Documentaries
BTE Keynote: The Software-Defined Operator

7|24|14   |   18:43   |   (1) comment


Deutsche Telekom's Axel Clauberg explains the concept of the software-defined operator to the Big Telecom Event (BTE) crowd.
Light Reedy
Numbers Are In: LR's 2014 Salary Survey

7|24|14   |   1:25   |   (7) comments


Our fourth annual Salary Survey paints a picture of who's hiring, firing, earning, and yearning for a change in the telecom industry.
LRTV Custom TV
Driving the Network Transformation

7|23|14   |   4:29   |   (0) comments


Intel's Sandra Rivera discusses network transformation and how Intel technologies, programs, and standards body efforts have helped the industry migration to SDN and NFV.
LRTV Custom TV
Distributed NFV-Based Business Services by RAD

7|18|14   |   5:38   |   (0) comments


With the ETSI-approved Distributed NFV PoC running in the background, RAD's CEO, Dror Bin, talks about why D-NFV makes compelling sense for service providers, and about the dollars and cents RAD is putting behind D-NFV.
LRTV Custom TV
MRV Accelerating Packet Optical Convergence

7|15|14   |   6:06   |   (0) comments


Giving you network insight to make your network smarter.
LRTV Custom TV
NFV-Enabled Ethernet for Generating New Revenues

7|15|14   |   5:49   |   (0) comments


Cyan's Planet Orchestrate allows service providers and their end-customers to activate software-based capabilities such as firewalls and encryption on top of existing Ethernet services in just minutes.
LRTV Custom TV
Symkloud NVF-Ready Video Transcoding, Big Data

7|9|14   |   3:41   |   (0) comments


Kontron and ISV partner Vantrix demonstrate high-performance video transcoding and data analytic solutions on same 2U standard platform that is ready for SDN and NFV deployments made by mobile, cable and cloud operators.
LRTV Huawei Video Resource Center
The Evolving Role of Hybrid Video for Competitive Success

7|4|14   |   4:09   |   (0) comments


At Huawei's Global Analysts Summit in Shenzhen, China, Steven C. Hawley from TV Strategies speaks to us about the evolving role of hybrid video for competitive success.
LRTV Huawei Video Resource Center
How CSPs Leverage Big Data in the Digital Economy

7|4|14   |   4:48   |   (2) comments


Justin van der Lande from Analysys Mason shares with us his views on how telecom operators can leverage customer asset monetization with big data. His discusses the current status of big data applications and the challenges and opportunities for telecom operators in the digital economy era.
LRTV Huawei Video Resource Center
Accelerator for Digital Business Future Oriented BSS

7|4|14   |   3:08   |   (0) comments


Mobile and internet are becoming intertwined; IT and CT are integrating; and leading CSPs have begun to transform to information service and entertainment providers. How should the BSS system evolve to enable this transformation? Karl Whitelock, an analyst at Frost & Sullivan, shares his views.
Upcoming Live Events!!
September 16, 2014, Santa Clara, CA
September 16, 2014, Santa Clara, CA
October 29, 2014, New York City
November 6, 2014, Santa Clara
November 11, 2014, Atlanta, GA
December 9-10, 2014, Reykjavik, Iceland
June 9-10, 2015, Chicago, IL
Infographics
Packet Design asks network professionals how they handle the cloud, SDN, and network management.
Today's Cartoon
Vacation Special Caption Competition Click Here
Latest Comment
Hot Topics
The Municipal Menace?
Jason Meyers, Senior Editor, Utility Communications/IoT, 7/22/2014
Cisco Puts a Fog Over IoT
Sarah Reedy, Senior Editor, 7/23/2014
Apple Earnings: Strong iPhone Sales, iPad Sales Slump, $7.8B Profit
Mitch Wagner, West Coast Bureau Chief, Light Reading, 7/22/2014
Salary Survey Report 2014
Sarah Reedy, Senior Editor, 7/23/2014
Like Us on Facebook
Twitter Feed