Last week the directors of optical equipment vendor Sycamore Networks agreed to raise the salary of its CEO, Daniel Smith, to $275,000 per year. That represents a 174% raise.
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Rough economic times always seem to hit the largely venture capital- and ad-supported Web industry hard. One impact of the current downturn seems to be a free-for-all battle among large Web players to sew up important distribution and partnership deals with telecom service providers.

Several developments in recent days point to some reshuffling of deck chairs.

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How’s this for an understatement: P2P has always been problematic for network providers and content providers. Now, companies trying to put a more legitimate face on the technology are facing troubles too.

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