Palm Gets New CEO
Just days after the announcement of the new Pre mobile phone, Palm Thursday announced a CEO shakeup. Ed Colligan will step down and be replaced by Jon Rubinstein, a veteran of Apple who helped launch the iPod, the AP reported.
Rubinstein will retain the chairman title, while dropping "executive" from the front of it, while Colligan will join the private equity firm Elevation Partners. Rubinstein came to Palm in 1997.