A decision by a Delaware judge to throw out Elon Musk’s $56 billion Tesla (TSLA) pay package is a threat to the wealth of the world’s richest man. It also could alter the way CEO compensation is decided at companies across America. “It’s a big deal,” said Cornell University visiting lecturer Brian Dunn, who noted […]
Tag: companies
Voiding Elon Musk’s $56 billion Tesla pay is a ‘wake-up call’ for directors at all companies
A decision by a Delaware judge to throw out Elon Musk’s $56 billion Tesla (TSLA) pay package is a threat to the wealth of the world’s richest man. It also could alter the way CEO compensation is decided at companies across America. “It’s a big deal,” said Cornell University visiting lecturer Brian Dunn, who noted […]
Ryan Reynolds’ Co-Owned Or Sold Companies Are Valued at $14 Billion But He Says, ‘Thank God I Am Not Running the Company’ As He Heads Toward Billionaire Status
Ryan Reynolds, a name synonymous with Hollywood success, is now making headlines in the business world. His ventures he co-owns or sold, spanning various industries, are collectively valued at approximately $14 billion, according to Forbes. His portfolio includes an F1 team, a football club, an alcohol brand, a wireless provider and an advertising agency. Reynolds’ […]
Companies to pay $7.4 million in penalties over oil spill on Sac and Fox Nation land
Two Dallas-based companies agreed Tuesday to pay a large settlement and take corrective actions to resolve claims stemming from an oil spill onto land owned by the Sac and Fox Nation. In Oklahoma City federal court, Holly Energy Partners-Operating and Osage Pipe Line Co. agreed to pay $7.4 million in Clean Water Act penalties for […]
AI companies lose $190 billion in market cap after Alphabet and Microsoft report
By Noel Randewich (Reuters) – AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring. The selloff following the tech giants’ reports after the bell underscored investors’ elevated expectations following an AI-fueled […]
AI companies will need to start reporting their safety tests to the US government
WASHINGTON (AP) — The Biden administration will start implementing a new requirement for the developers of major artificial intelligence systems to disclose their safety test results to the government. The White House AI Council is scheduled to meet Monday to review progress made on the executive order that President Joe Biden signed three months ago […]
Exclusive-US to propose ‘know your customer’ requirements for cloud computing companies
By David Shepardson WASHINGTON (Reuters) -The Biden administration will soon propose requirements for cloud companies aimed at finding out who is accessing U.S. clouds to train AI models, U.S. Commerce Secretary Gina Raimondo said on Friday, as the burgeoning AI sector raises increasing security concerns. “We can’t have non-state actors or China or folks who […]
How meat and milk companies are racing to ease your climate guilt
At Hopdoddy Burger Bar near the University of Florida campus in Gainesville recently, Van Morrison crooned “na na, Natalia” and the Sauce Bar was fully stocked. The menu advertised the usual gluten-free and vegan options, as well as something more unusual: beef purporting to “save the planet, one bite at a time.” The Austin-based chain […]
Rough ride? Utility companies are violating Kansas City street repair rules, audit finds
Kansas City motorists have complained for years about roads left rough after utility companies did only minimal restoration to streets they had cut open. Most annoying of all were the scars left in freshly paved streets, when with better coordination that utility work could have been done before the new street was put in. So […]
Why Taiwan Semiconductor’s Big News Is Great for These 2 Surprising Companies
Semiconductor companies are known to be early cyclical businesses, and since there’s no chip company bigger than third-party foundry Taiwan Semiconductor Manufacturing (NYSE: TSM), it makes sense to follow its financials and end-market commentary closely. That’s why the $586 billion market cap company’s latest earning report meant so much to the market. Moreover, I think […]
Nearly 50,000 companies face collapse as ‘debt storm’ hits
Begbies Traynor said it has ‘serious concerns’ over construction and real estate businesses – Heather Yates/Bloomberg Tens of thousands of businesses are on the brink of collapse as higher borrowing costs and taxes pile pressure on the economy. Nearly 50,000 companies are on the edge of failure as they grapple with a “double whammy” of […]
‘One of the most attacked companies in Ukraine’
Monobank, one of the most popular in Ukraine, once again faced a powerful DDoS attack, reported Monobank co-founder Oleh Horokhovsky on Jan. 21. “I think Monobank is currently one of the most attacked IT targets in the country,“ Horokhovsky wrote on Telegram. Read also: Overwhelming cyber-attack took out Ukraine’s largest mobile operator – Kyivstar Pres. […]