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All the Kings Horses and All the Kings Men!In one of the most drawn-out goodbyes in recent corporate history Yahoo ChiefExecutive Mr. Jerry Yang lastly gave in to his censors as he made official to agroup media his decision to step down. Months after dashing an impending over

$44 billion takeover by Microsoft, the 40-year-old confirmed that he would beresigning his post. The decision comes as a painful personal blow to Mr. Yang whofounded Yahoo with Stanford friend David Filo in 1994 and has regularly statedhis commitment to the site and also lays rest to an end a long period of

speculation over Yang's future at the top of the company, although the timing ofthe announcement came as a surprise. In an announcement Yahoo chairman Mr.Roy Bostock said he was "deeply grateful" to Mr. Jerry Yang, but would bestarting a search for a new leader who could "take the company to the nextlevel". "Jerry and the board have had an ongoing dialogue about succession

timing, and we all agree that now is the right time to make the transition to anew CEO," Bostock said. It had been widely predicted that Yang's tenure wasdrawing to a close,particularly

following severe

criticism over hishandling of a

$44bn takeover bidfrom Microsoftearlier this year."Having set Yahoo

on a new, moreopen path, thetime is right for me

to transition theCEO role and ourglobal talent to anew leader, I will

continue to focuson global strategyand to do everything I can to help Yahoo realise its full potential." Mr. Jerry YangCommented on his departure.

Read More At:http://www.nytimes.com/2008/11/18/technology/companies/18yahoo.html?th&emc=th

The G-20 Summit.Thank God, we got a break from the same old news of elections and blasts and

the daily now covers something new. The change in global economy and globalpolitics is on the cards and everywhere you get to see 3500-word resolution onmeasures and principles to address the global economic crisis off course with no

shortage in headlines. Still wondering what we are talking about... Tada!!!!!! Thisweekends financial summit.

For the first time, instead of the G-7/G-8 club of rich nations, a global crisis

summit included leaders of fast-rising nations such as China, Brazil and India.With host President Bush and the leaders of Europe and Japan, the Group of 20agreed on principles for future crisis-fighting efforts and vowed ambitiousfinancial system reforms. Kya Karein Kya Na Karein Ye Kaisi Mushkil Hai, Koi to

batade Iska Hal O Mere Bhai? was the agenda and conceding that aggressive

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efforts taken so far have been insufficient, the leaders agreed to take whateverfurther actions are necessary to stabilize the financial system. The leaders wereperhaps most specific in calling for developing countries to enjoy a greater say inthe International Monetary Fund and to be admitted quickly to another globalbody called the Financial Stability Forum, which was created after the emerging

markets crises of the 1990s.

Talking about the promises--Best before 12 months from the date ofmanufacturing...... They also swore to refrain from raising new trade barriers

but only for the next 12 months. And by the end of March they promised torewrite accounting standards and some regulations and gather for another familyphoto by the end of April.

In Shankar Mahadevans Breathless style, the record, the G20 made up ofArgentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia,

Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, theUK and the US, plus the European Union as a member in its own right agreed touse fiscal measures to stimulate demand; help emerging markets gain access tofinance; expand the Financial Stability Forum to including emerging economies;reform the International Monetary Fund and the World Bank; ensure that the IMF,

World Bank and other development banks have sufficient funds; to not raise tradebarriers over the next 12 months; work on restarting the Doha round of globaltrade talks by the end of 2008; establish supervisory colleges for major

international financial institutions; review how compensation packages affect risk-taking; ensure credit rating agencies meet high global standards and providegreater disclosure; improve accounting standards; and that there be betterdisclosure on complex financial products.

Naturally, a meeting that spanned just about six hours could hardly be expectedto produce miracles, or even much in concrete terms. And if you are smartenough then you can understand that the real business will happen after the newUS administration (Obama factor) takes office.

Read More At:http://www.nytimes.com/2008/11/16/business/worldbusiness/16summit.html?_r=1&th&emc=th&oref=slogin

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Panasonic to Buy Sanyo in a Deal Worth Over $9 BnTechnology colossal Panasonic declared that it will acquire Sanyo, creatingJapans largest consumer-electronics manufacturer. For Sanyos principal

investors the prospect of a payday seems alluring. Since coughing up a whooping$2.6 billion for Sanyo back in January 2006, Goldman Sachs, Daiwa SecuritiesSMBC and Sumitomo Mitsui Banking have pushed the company to reform its

sprawling businesses. Those three havent completed a spin at Sanyo butPanasonic will end up paying them nearly a $9 billion. So whats in it forPanasonic? The simple answer is growth. Panasonics president, Fumio Ohtsubo,

has been on the hunt for deals ever since he took over in mid-2006. IntegratingSanyo wouldnt be too hard forPanasonic since the two have

overlapping businesses and arelocated near each other alongan industrial corridor in Osaka.Buying Sanyo would give

Panasonic expertise in two keyareas: batteries and solarpanels. Sanyo is the largest

global supplier of rechargeablebatteries for laptops, cameras,mobile phones and otherportable gizmos. The two

would also have a leg-up onthe competition in lithium-ion batteries for gas-electric hybrid cars (Panasonic haspaired up with Toyota and Sanyo with Volkswagen)--and possibly future electric-powered cars when they eventually hit the road en masse.

Read More At:http://news.bbc.co.uk/1/hi/business/7714994.stm