Sage chief executive Stephen Kelly has agreed to step down from his position after discussions with the board. Kelly, who joined the accounting software firm in 2014, has vacated his director and chief executive roles effective immediately on the back of lower-than-expected growth. Read more: Deustche Bank advises investors to sell Sage stock The company revealed earlier this month that hitting full-year guidance depends on closing a number of deals in September. Chief financial officer Steve Hare has taken on the additional role of chief operating officer on an interim basis, with “full executive authority” to run Sage while the board searches for a successor to Kelly. It is looking for a candidate who can add scale to Sage’s processes, as it competes with larger rivals like Microsoft and SAP on offering businesses cloud-based accounting packages, as well as other back office software. Share prices tumbled more than six per cent on the news to £6.03 in early … [Read more...] about Stephen Kelly quits Sage, sending share prices tumbling
British software group Sage has dropped its chief executive for the first time in its nearly 40 year history. Stephen Kelly, who joined the accounting software company four years ago, will step aside immediately from his executive duties but will 'remain available' to the business until May 31 next year. The announcement sent shares in the group, Britain's biggest listed technology company, sliding by 7 per cent. Sage has been struggling in recent months and recently announced a management clear-out. About 30 middle and senior-level managers left the Tyneside-based company in May after a steep drop in half year profits. At the time, Sage said it was seeking to "simplify the business, speed up... Register or log in to view this and other Technology Intelligence articles. It's free and easy to do. Access brilliant stories, features and analysis Sign up to our exclusive Technology Intelligence daily newsletter Become part of our ambitious new … [Read more...] about Stephen Kelly steps down as chief executive of software group Sage
President Trump allegedly laid into Department of Homeland Security (DHS) Secretary Kirstjen Nielsen during a White House meeting, as border crossings at the U.S.-Mexico border continue to skyrocket, according to a new report. In a cabinet meeting attended by advisers Stephen Miller, Kellyanne Conway, Ivanka Trump, Jared Kushner, Larry Kudlow, and Sarah Huckabee Sanders, Trump blasted Nielsen for failing to secure the southern border, the Washington Post reports:Trump lashed out at his Cabinet, and Nielsen in particular, when told that the number of people arrested for illegally crossing the Mexico border topped 50,000 for the second consecutive month. The blowup lasted more than 30 minutes, according to a person with knowledge of what transpired, as Trump’s face reddened and he raised his voice, saying Nielsen needed to “close down” the border. [Emphasis added] “Why don’t you have solutions? How is this still happening?” he said, adding later, … [Read more...] about Report: DHS Secretary Nielsen ‘Implored’ Not to Quit by John Kelly As Illegal Immigration Skyrockets
Visit The Boston Globe Share on Twitter Share on Facebook Comment on this Scroll to top of page By Ashley Parker, Josh Dawsey and Philip Rucker Washington Post April 08, 2018 WASHINGTON — After White House chief of staff John Kelly pressured President Trump last fall to install his top deputy, Kirstjen Nielsen, atop the Department of Homeland Security, the president lost his temper when conservative allies argued she wasn’t sufficiently hardline on immigration. ‘‘You didn’t tell me she was a [expletive] George W. Bush person,’’ Trump growled.After Kelly told Fox News Channel’s Bret Baier in a January interview that Trump’s immigration views had not been ‘‘fully informed’’ during the campaign and had since ‘‘evolved,’’ the president berated Kelly in the Oval Office, his shouts so loud they could be heard through the doors.And just 11 days ago, Kelly grew so … [Read more...] about John Kelly: Is White House chief of staff on the outside looking in?
The death of renowned physicist Stephen Hawking, reported today (March 14), prompted accolades from across NASA, including from its acting administrator and many astronauts. Robert Lightfoot, NASA's acting administrator, spoke about Hawking's career in a statement on the NASA website. "Today, the world lost a giant among men, whose impact cannot be overstated. Our condolences go out to the family and friends of Stephen Hawking. Stephen's breakthroughs in the fields of physics and astronomy not only changed how we view the cosmos, but also has played, and will continue to play, a pivotal role in shaping NASA's efforts to explore our solar system and beyond. [Scientists and the Public Remember Stephen Hawking] "Along with groundbreaking and inspiring work came another attribute that made Stephen a hero not just to younger generations, but also to his peers," he continued. "A longtime friend to NASA, Stephen was a passionate communicator who wanted to share the excitement of … [Read more...] about NASA Honors Legacy of Stephen Hawking