Zoom to Cut Back on Stock-Based Compensation, Joining Salesforce, Workday – Yahoo Finance
(Bloomberg) — Zoom Video Communications Inc. is following peers including Salesforce.com Inc. and Workday Inc. in scaling back its practice of paying employees with company stock, limiting its reliance on compensation packages common in the technology industry. Most read articles on Bloomberg Zoom shares are being distributed to employees at an “unsustainable” pace, CEO Eric […]
Nuclear radiation compensation advocates call on western Republicans to ask Johnson for vote
Supporters of an expired radiation compensation bill pressed Western Republican congressmen facing tough re-election campaigns in a letter Thursday to support a reauthorized, expanded version of the bill. The letter, obtained by The Hill, urges recipients to ask House Speaker Mike Johnson (R-Louisiana) to vote on a bill to expand and reauthorize the Radiation Exposure […]
Incoming Starbucks CEO Brian Niccol poised to get sizable compensation
Brian Niccol will likely receive a handsome salary if he becomes CEO of Starbucks. Starbucks said in a filing with the Securities and Exchange Commission on Wednesday that it plans to pay Nicol an initial base salary of $1.6 million per year. Details of his compensation package, which includes other incentives and company performance requirements, […]
Delta to seek compensation from Microsoft, CrowdStrike over global outage
Delta Air Lines has hired a law firm to seek compensation from Microsoft and CrowdStrike over the global cyber outage that disrupted air travel around the world earlier this month. CNBC reported: Monday. The Atlanta-based airline has been the slowest of any major U.S. airline to recover after a technical outage that caused the cancellation […]
Powell ‘solely responsible’ for delays on banker compensation reform: Warren
Sen. Elizabeth Warren (D-Mass.) has grown increasingly frustrated with the Federal Reserve’s slow regulatory response and is calling on Fed Chairman Jerome Powell to step on the gas. Warren’s latest gripe is the banker-pay provisions of the Dodd-Frank reform law, which was enacted in 2010 after Congress bailed out the financial sector and required Wall […]
Can you get compensation if your flight was delayed or canceled by the CrowdStrike outage?
(NEXSTAR) – A major technology outage caused delays and stranded travelers around the world on Friday, and the outage has yet to be resolved. The incident was caused by an update released by cybersecurity firm CrowdStrike. Although only Microsoft Windows customers were affected, it caused widespread disruption for the world’s most popular PC operating system. […]
Class-action lawsuit: Kia and Hyundai owners have 13 days to claim compensation
In 13 days, certain Kia and Hyundai owners will find out if they’ll receive a portion of the auto companies’ undisclosed settlement to resolve claims that some vehicles from model years 2010 to 2020 suffer from a defect. The defect is related to the engine’s connecting rod bearing. This bearing can fail, causing engine seizure, stalling, engine failure, and […]
Tesla Shareholders Reapprove Elon Musk’s Massive Compensation Package
Tesla shareholders voted to reapproval CEO Elon Musk’s huge compensation package, despite a Delaware judge ruling it invalid earlier this year. The Verge Reports In the vote, widely seen as a referendum on Musk’s leadership at a turbulent time for the electric car giant, investors also approved moving Tesla’s legal headquarters from Delaware to Texas […]
1983 championship team sues NCAA for NIL compensation
Forty-one years later, 10 members of the 1983 national champion North Carolina State University basketball team are suing the NCAA and a university licensing company, alleging that their likenesses were used without their permission. In 1983, North Carolina State won the NCAA Championship in dramatic fashion, 54-52, thanks to a last-minute dunk by Lorenzo Charles. […]
Republican infighting resurfaces amid effort to pass nuclear radiation compensation
Republican tensions over whether to extend and expand radiation damage compensation for victims of U.S. nuclear weapons tests spilled over onto the Senate floor on Thursday. Sen. Mike Lee (R-Utah) tried to push a bill through unanimity that would have extended existing benefits for victims covered under current law, but not expanded them to new […]