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Technology Stocks : Baidu (BIDU) -- Ignore unavailable to you. Want to Upgrade?


To: manalagi who wrote (1545)7/11/2011 10:58:24 PM
From: manalagi  Read Replies (1) | Respond to of 2098
 
Baidu's Senior Vice President of business operations, Haoyu Shen, is resigning from his post. The company said his resignation is "for personal reasons."

There are more between the lines. Haoyu Shen has been in the dog house since he made an unfortunate statement that Baidu's growth would slow down since it cannot double every quarter/year. Baidu stock dropped significantly thereafter costing Robin Li millions of dollars. Shen never spoke publicly since then, and Kaiser Kuo has been the mouth piece of the company.