Apple Hires Shiva Rajaraman to Boost its Video and Music Strategy
In a bid to boost its video and music strategy, Apple has hired former YouTube and Spotify executive, Shiva Rajaraman. Rajaraman spent 8 years at YouTube, working to secure licensed content from companies like Disney for streaming. After his tenure at YouTube, Rajaraman spent two years at Spotify working on its video and podcasting efforts, licensing content from Time Warner, Disney and NBC.
Samsung Electronics Nominates Jay Y. Lee to Board
Samsung Electronics has nominated Jay Y. Lee, the son of its longtime chairman, to its board of directors. More than two years after the hospitalization of Chairman Kun-Hee Lee, the Board of Samsung Electronics believes that the time is now right to nominate Jay Y. Lee as a member of the Board to allow him to take a more active role in the Company's strategic decision-making. Following Lee's appointment, Sang-Hoon Lee, who will continue as CFO, plans to stand down from his position on the Board in order to maintain the Board's current structure of four members of the management and five independent outside directors.