CEO of Pandora Media Inc., Joseph Kennedy, announced Thursday that he will be stepping down from his position. This on a day when the Oakland-based company beat analyst’s expectations for its fourth fiscal 2013 quarter.
Founder Tim Westergen calls it “an effort to balance the reality of royalty costs with our desire to maximize access to free listening on Pandora.”
African-based entrepreneurs are shifting from the social impact model in favor of a for-profit model, which delivers revenue and social benefit, according to experts at Stanford’s Entrepreneurship Week.