Liz Gannes

Recent Posts by Liz Gannes

Longtime Garmin CEO Min Kao Steps Down

Min Kao, the co-founder and CEO of navigation company Garmin, is stepping down at the end of the year. The new head honcho is Clifton Pemble — who joined Garmin as an engineer in 1989, and has most recently been president and COO. Shares of Garmin were trading up slightly this morning. As Arik Hesseldahl recalled this summer, Kao had long resisted the encroachment of smartphones, dismissing them as a commodity business.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work