MUMBAI | 23 DECEMBER 2017 WORLD 5 . < HIGH-PROFILE EXIT Eric Schmidt to step down SALVADOR RODRIGUEZ & SONAM RAI San Francisco, 22 December Alphabet said on Thursday its Executive Chairman Eric Schmidt will step down in January, ending a 17-year-run in which he played a central role in building a promising startup called Google into a global technology powerhouse. He will continue to serve on the Alphabet’s board of direc- tors and act as an adviser on focused on technical and sci- ence issues, the company said. “The time is right in Alphabet’s evolution for this transition,” Schmidt said in a statement. “I’m incredibly excited about the progress our compa- nies are making and about the strong leaders who are driving that innovation,” said Chief Executive Larry Page. Schmidt, who was recruited to the company by Google co- founders Page and Sergey Brin, served as chief executive from 2001 through 2011, acting as what the three jokingly referred to as the “adult supervision.” Schmidt then became exec- utive chairman, often traveling the world touting the compa- ny’s accomplishments, negoti- ating with governments on reg- ulatory matters and speaking about the state of the tech industry. “He helped them mature into the powerhouse business it is today without throwing away the uniqueness that was Google during those early days,” said Joe Beda, chief technology offi- cer of Seattle start-up Heptio and a Google employee from 2004 through 2014. Among Schmidt’s accom- plishments were taking the company public in 2004, shep- herding critical product initia- tives like the Android mobile operating system, and oversee- ing a massive 2015 corporate restructuring in which Google became a business unit of the holding company Alphabet. Bismarck Lepe, CEO of San Francisco start-up Wizeline and a Google employee from 2003 until 2007, said Page and Brin focused on the company’s technology and the product strategies, while Schmidt focused on how to scale every product to a global level. Schmidt “was incredibly smart and incredibly technical, which made him a perfect fit,” Lepe added. Schmidt’s tenure was not without its problems. Google, Apple and several oth- ers were hit with a class action lawsuit in 2011 alleging that executives, including Schmidt and the late Apple CEO Steve Jobs conspired to keep wages down by not hiring one anoth- ers’ employees. The suit was settled for $415 million in 2015. The company has also been hit with lawsuits alleging that it pays women less than men. It also faces a series of antitrust actions in Europe, though Schmidt was instrumental in convincing the US Federal Trade Commission not to pur- sue antitrust actions in the US. Schmidt spent more than a decade at Sun Microsystems and ran the now-defunct net- working company Novell before joining Google in 2001. The 2004 initial public offering (IPO) came at time the industry was still reeling from the dot-com bust, but it helped lay the groundwork for the cur- rent boom. Shuman Ghosemajumder, chief technology officer of Mountain View, California, start-up Shape Security and a Google employee from 2003 until 2010, recalled that shortly after the IPO, Schmidt spoke at an all-hands meetings and said that he, Page and Brin had the ambition of making Google a $100-billion firm. REUTERS Will continue to serve on Alphabet’s board Bitcoin plunges below $12,000, heads for worst week since 2013 JEMIMA KELLY & SHINICHI SAOSHIRO London/Tokyo, 22 December Bitcoin plunged by a quarter to below $12,000 on Friday as investors dumped the cryptocurrency in manic trading after its blistering ascent to a peak close to $20,000 prompted warnings by experts of a bubble. It capped a brutal week that had been touted as a new era of mainstream trading for the volatile digital currency when bitcoin futures debuted on CME Group, the world’s largest derivatives market on Sunday. Friday’s steep fall bled into the US stock market, where shares of companies that have recently lashed their fortunes to bitcoin or blockchain — its underlying technology — took a hard knock in early trading. The biggest and best- known cryptocurrency had seen a staggering twentyfold increase since the start of the year, climbing from less than $1,000 to as high as $19,666 on the Luxembourg-based Bitstamp exchange on Sunday and to over $20,000 on other exchanges. Bitcoin has fallen each day since, with losses accelerating on Friday. In the futures market, bit- coin one-month futures on Cboe Global Markets were halted due to the steep price drop, while those trading on the CME hit the limit down threshold. In the spot mar- ket, bitcoin fell to as low as $11,159, down more than 25 per cent on the Luxembourg- based Bitstamp exchange, its largest one-day drop in near- ly three years. For the week, it was down around a third — its worst performance since April 2013. “After its parabolic-like rally, a crash was imminent and so it has proved,” said Fawad Razaqzada, market analyst at Forex.com in London. REUTERS
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MUMBAI | 23 DECEMBER 2017 WORLD 5. <
HIGH-PROFILE EXIT
Eric Schmidtto step downSALVADOR RODRIGUEZ & SONAM RAISan Francisco, 22 December
Alphabet said on Thursday itsExecutive Chairman EricSchmidt will step down inJanuary, ending a 17-year-runin which he played a centralrole in building a promisingstartup called Google into aglobal technology powerhouse.
He will continue to serve onthe Alphabet’s board of direc-tors and act as an adviser onfocused on technical and sci-ence issues, the company said.“The time is right in Alphabet’sevolution for this transition,”Schmidt said in a statement.
“I’m incredibly excitedabout the progress our compa-nies are making and about thestrong leaders who are drivingthat innovation,” said ChiefExecutive Larry Page.
Schmidt, who was recruitedto the company by Google co-founders Page and Sergey Brin,served as chief executive from2001 through 2011, acting aswhat the three jokingly referredto as the “adult supervision.”
Schmidt then became exec-utive chairman, often travelingthe world touting the compa-ny’s accomplishments, negoti-ating with governments on reg-ulatory matters and speakingabout the state of the techindustry.
“He helped them matureinto the powerhouse business itis today without throwing awaythe uniqueness that was Googleduring those early days,” saidJoe Beda, chief technology offi-cer of Seattle start-up Heptioand a Google employee from2004 through 2014.
Among Schmidt’s accom-plishments were taking thecompany public in 2004, shep-herding critical product initia-tives like the Android mobileoperating system, and oversee-ing a massive 2015 corporate
restructuring in which Googlebecame a business unit of theholding company Alphabet.
Bismarck Lepe, CEO of SanFrancisco start-up Wizelineand a Google employee from2003 until 2007, said Page andBrin focused on the company’stechnology and the productstrategies, while Schmidtfocused on how to scale everyproduct to a global level.Schmidt “was incredibly smartand incredibly technical, whichmade him a perfect fit,” Lepeadded. Schmidt’s tenure wasnot without its problems.Google, Apple and several oth-ers were hit with a class actionlawsuit in 2011 alleging thatexecutives, including Schmidtand the late Apple CEO SteveJobs conspired to keep wagesdown by not hiring one anoth-ers’ employees. The suit wassettled for $415 million in 2015.
The company has also beenhit with lawsuits alleging that itpays women less than men. Italso faces a series of antitrustactions in Europe, thoughSchmidt was instrumental inconvincing the US FederalTrade Commission not to pur-sue antitrust actions in the US.
Schmidt spent more than adecade at Sun Microsystemsand ran the now-defunct net-working company Novellbefore joining Google in 2001.
The 2004 initial publicoffering (IPO) came at time theindustry was still reeling fromthe dot-com bust, but it helpedlay the groundwork for the cur-rent boom.
Shuman Ghosemajumder,chief technology officer ofMountain View, California,start-up Shape Security and aGoogle employee from 2003until 2010, recalled that shortlyafter the IPO, Schmidt spoke atan all-hands meetings and saidthat he, Page and Brin had theambition of making Google a$100-billion firm. REUTERS
Will continue to serve on Alphabet’s board
Bitcoin plungesbelow $12,000,heads for worstweek since 2013
JEMIMA KELLY & SHINICHI SAOSHIROLondon/Tokyo, 22 December
Bitcoin plunged by a quarterto below $12,000 on Fridayas investors dumped thecryptocurrency in manictrading after its blisteringascent to a peak close to$20,000 prompted warningsby experts of a bubble.
It capped a brutal weekthat had been touted as a newera of mainstream trading forthe volatile digital currencywhen bitcoin futuresdebuted on CME Group, theworld’s largest derivativesmarket on Sunday.
Friday’s steep fall bledinto the US stock market,where shares of companiesthat have recently lashedtheir fortunes to bitcoin orblockchain — its underlyingtechnology — took a hardknock in early trading.
The biggest and best-known cryptocurrency hadseen a staggering twentyfoldincrease since the start of theyear, climbing from less than$1,000 to as high as $19,666on the Luxembourg-basedBitstamp exchange onSunday and to over $20,000on other exchanges. Bitcoinhas fallen each day since, withlosses accelerating on Friday.
In the futures market, bit-coin one-month futures onCboe Global Markets werehalted due to the steep pricedrop, while those trading onthe CME hit the limit downthreshold. In the spot mar-ket, bitcoin fell to as low as$11,159, down more than 25per cent on the Luxembourg-based Bitstamp exchange, itslargest one-day drop in near-ly three years. For the week,it was down around a third— its worst performancesince April 2013.
“After its parabolic-likerally, a crash was imminentand so it has proved,” saidFawad Razaqzada, marketanalyst at Forex.com inLondon. REUTERS
IN THE HON'BLE XI ASSISTANT JUDGE CITY CIVIL
COURT AT CHENNAIO.S. No. 4132 of 2016
(Under Order XXXVII of CPC 1908)M/s. State Bank of India,Rep. by its ManagerStressed Assets Recovery Cell, (S.A.R.C) SMECCC, No.157, Anna Salai, 5th Floor,Chennai - 600 002. ...Plaintiff
VersusG.Seenuvasan ...DefendantTo,G.Seenuvasan,No.1/72, Perumal Koil Street,Sivaboodham, Vanagaram, Chennai - 600 095.
...DefendantPlease take notice that Our Client
M/s. State Bank of India has filed an O.S. No.4132 of 2016 before the Hon'ble XI Asst Judge, City Civil Court, and Chennai for recovery of sum of Rs.1,96,794/- together with interest thereon. Kindly be present in the said Court at 10.30 A.M. on 11.1.2018 either in person or through a Pleader failing which the Hon'ble Cour t may decide the aforementioned suit in your absence.
M/s. M.S. AssociatesCounsel for Plaintiff
IN THE HON'BLE XV ASSISTANT JUDGE CITY CIVIL
COURT AT CHENNAIO.S. No. 5149 of 2017
(Under Order XXXVII of CPC 1908)M/s. State Bank of India,Rep. by its Branch ManagerSME City Credit CenterNo.5, Jawarharlal Nehru Road,Ekkattuthangal,Chennai - 600 097. ...Plaintiff
VersusR.Ramesh ...DefendantTo,R.Ramesh,No.10/56, 1st Floor 1st Street,Somanathapuram, Kolathur, Opp to Everwin School,Chennai - 600 099.
...DefendantPlease take notice that Our Client
M/s. State Bank of India has filed an O.S. No.5149 of 2017 before the Hon'ble XV Asst Judge, City Civil Court, and Chennai for recovery of sum of Rs.3,28,855/- together with interest thereon. Kindly be present in the said Court at 10.30 A.M. on 5.1.2018 either in person or through a Pleader failing which the Hon'ble Cour t may decide the aforementioned suit in your absence.
M/s. M.S. AssociatesCounsel for Plaintiff
IN THE HON'BLE XV ASSISTANT JUDGE CITY CIVIL
COURT AT CHENNAIO.S. No. 3088 of 2016
(Under Order XXXVII of CPC 1908)M/s. State Bank of India,Rep. by its Branch ManagerSME City Credit CenterNo.5, Jawarharlal Nehru Road,Ekkattuthangal,Chennai - 600 097. ...Plaintiff
VersusLavanyan. S, ...DefendantTo,Lavanya. S,No.226-1, Sadasivam 5th Main Road.Madipakkam, Chennai 600 091.
...DefendantPlease take notice that Our Client
M/s. State Bank of India has filed an O.S. No.3088 of 2017 before the Hon'ble XV Asst Judge, City Civil Court, and Chennai for recovery of sum of Rs.5,61,178/- together with interest thereon. Kindly be present in the said Court at 10.30 A.M. on 5.1.2018 either in person or through a Pleader failing which the Hon'ble Cour t may decide the aforementioned suit in your absence.
M/s. M.S. AssociatesCounsel for Plaintiff
IN THE COURT OF I ADDITIONAL FAMILY CAUSE
COURT AT CHENNAIH.M.O.P.No.1108 of 2017
S.Jayanthi ...PetitionerVs
V.Vijayan ...RespondentTo:Vijayan,S/o. Samy @ Veerasamy,No.46, No. Block,Police Quarters, Kondithope,Chennai - 600 079. Please take notice that in the above said H.M.O.P No.1108 of 2017. The Hon'ble I Additional Family court at chennai was or-dered Notice to your returnable by 02.02.2018. Kindly appear before the above said family court at chennai at 10.15 am without fail or else the matter will be forced to obtain Exparte in your absence.
R.Jayachandran & Another ...... Respondents.To:Mr.R. Jayachandran (R1)S/o. Radha KrishnanBanglowthota,Nawabpet, Nellore Rural,Nellore, Andra PradeshSir
Kindly take notice that in the above case Hon'ble II Judge of small cause court has orderd to appear on 10.01.2018 at 10.15 A.M. in this court in person or by a pleader duly instructed on that day, if failing which the matter will be decided in your absence.
By. N.RajagopalN. Durai,
Counsel for Petitioner.
III JUDGEBEFORE THE MOTOR ACCIDENT CLAIMS TRIBUNAL AT CHENNAI
M.P. No.620, 621 of 2017in
M.C.O.P. No. 4589 of 20161. M.Banu @ Banumathi (Died)2. K.Manoharan3. M. Suganya
... 1st Respondent Sir, Please take notice that the above case has been posted to 29.01.2018 for your appearance, appear in person or through your pleader, failing which the matter will be decided in your absence.
Mr. M.PACHAIYAPPANCounsel for Petitioner.
BEFORE THE VIII ASST. JUDGE,
CITY CIVIL COURT AT CHENNAII.A. No.7607 of 2016 inO.S. No.2990 of 2014
Syndicate Bank,Nungambakkam Branch, Chennai-34.
...PlaintiffVs.
Mathivanan and Others...Defendants
To:Ms. Sasikala ... 9th DefendantD/o. Mr. G.N.Mani,No.10/41, New No.5, Vadavenniamman Nagar,Villivakkam, Chennai - 600 017. Sir, The above I.A. No.7607 in O.S. No.2990 of 2014 filed by the Plaintiff Bank came up for hearing on 19.12.2017 before the Learned VIII Asst., Judge, City Civil Court at Chennai and the Learned Judge ordered notice to you, returnable by 23.01.2018. Please take notice that the above suit is pos ted on 23.01.2018 for your appearance and appear either in person or through your counsel duly instructed on that day at 10.30 a.m., failing which the matter will be decided on merits in your absence.
K.V. SUBRAMANIAN ASSOCIATEZCounsel for Plaintiff
HONOURABLE XIITH JUDGEIN THE COURT OF SMALL CAUSES
AT CHENNAIE.P. No. 579 of 2017
inRCOP No. 983 of 2016
Dr. E. Muralidharan...Petitioner/Petitioner Landlord
-Vs- R.Venkataramanan
...Respondent/ Respondent/TenantTo:R.Venkataramanan,Son of V.Rangaraju,30/6, Srinivasamurthy, Avenue,(Ground Floor),Adyar, Chennai - 600 020. Sir, Take notice that my client Dr. E.Muralidharan had filed the above Execution Petition against you for an order of delivery from the above portion bearing door No.30/6, Srinivasamurthy Avenue (Ground Floor), Adyar, Chennai - 20. In the above Execution Petition, the Honourable Court by order dated 21.12.2017 ordered notice to you by Publication for the hearing date 11th day of January 2018. You are hereby called upon to apper in person or through your counsel on 11th day of January 2018 at 10.30 A.M. before His Honour the XIIth Judge, Court of Small Causes, Chennai, failing which the above Execution Petition will be allowed as prayed for.
M/s. A.Chenchurama ReddyA.C. Chandrasekar
Counsel for Petitioner/Landlord
ENROLMENT NOTICEAfter ten days of the publication
of this notice and within THREE Months thereafter, I P.GUNA SELVI, D/o. Palani aged 25 years Permanently residing at No.3, Thottakara Street, Periyapalayam Vil and Post Uthukottai T.K., Thiruvallur D.T. - Pin-601 102 intend having my enrolment as an Advocate moved before the Bar Council of Tamilnadu, Bar Council Buildings, High Court Campus, Chennai-104.Those who have any valid Objections may Notify the same to the Bar Council within 10 days.
P.GUNA SELVI
ENROLMENT NOTICEAfter ten days of the publication of
this notice and within THREE Months thereafter, I D.NADARAJAN, S/o. C.Devadason aged 54 years Permanently residing at No.3438, T.N.H.B., Avadi, Chennai-600 054 intend having my enrolment as an Advocate moved before the Bar Council of Tamilnadu, Bar Council Buildings, High Court Campus, Chennai-104.Those who have any valid Objections may Notify the same to the Bar Council within 10 days.
D.NADARAJAN
ENROLMENT NOTICEAfter ten days of the publication
of this notice and within THREE Months thereafter, I P.JAYANTHI, D/o. A.Pandi aged 40 years Permanently residing at No.117, Kambar Street, Kumaran Nagar, Padi, Chennai-600 050 intend having my enrolment as an Advocate moved before the Bar Council of Tamilnadu, Bar Council Buildings, High Court Campus, Chennai-104.Those who have any valid Objections may Notify the same to the Bar Council within 10 days.
P.JAYANTHI
ENROLMENT NOTICEAfter ten days of the publication
of this notice and within THREE Months thereafter, I J.LALITHA, D/o. S.Jagadesan aged 30 years Permanently residing at No.3/5, Sentamil Nagar, Main Road, Ramapuram, Chennai-600 089 intend having my enrolment as an Advocate moved before the Bar Council of Tamilnadu, Bar Council Buildings, High Court Campus, Chennai-104.Those who have any valid Objections may Notify the same to the Bar Council within 10 days.
J.LALITHA
ENROLMENT NOTICEAfter ten days of the publication
of this notice and within THREE Months thereafter, I M.SANTHA, D/o. K.Malaichamy aged 24 years Permanently residing at D.No.192/42, Komalipatty Sakkanthi Post, Sivagangai D.T., Pin-630 561 intend having my enrolment as an Advocate moved before the Bar Council of Tamilnadu, Bar Council Buildings, High Court Campus, Chennai-104.Those who have any valid Objections may Notify the same to the Bar Council within 10 days.