TIM COOK PAY CUT
How Elon Musk's $44.9 billion Tesla pay package compares with the most generous plans for other US CEOs
Elon Musk won't get access to the stock options just yet, even with the reapproval vote. In 2018, January Delaware Judge said the shareholders weren't informed that Musk controlled the company's board and the process for approving was 'deeply flawed." But Tesla said Musk deserves the pay because he turned the company into the top-selling electric vehicle maker in the world.
How Elon Musk's $44.9B Tesla pay package compares with the most generous plans for other U.S. CEOs
Tesla shareholders on Thursday voted overwhelmingly in favor of restoring Musk's 10-year pay plan, valued by the company in April at $44.9 billion. It was worth more early in the year, but Tesla's stock value has fallen about 25% since then.
Apple to ‘pay’ OpenAI for ChatGPT through distribution, not cash
Left unanswered on Monday: which company is paying the other as part of a tight collaboration that has potentially lasting monetary benefits for both. But, according to people briefed on the matter, the partnership isn’t expected to generate meaningful revenue for either party — at least at the outset.
CEOs got hefty pay raises in 2023, widening the gap with the workers they oversee
Top paid female CEOs in 2023 include Lisa Su, Mary Barra, Jane Fraser, Kathy Warden, and Carol Tome. Lisa Su of Advanced Micro Devices led with USD30.3 million. Female CEO median pay rose 21% to USD17.6 million, outperforming male counterparts.
A taste of Europe trip at half the cost: How to plan Kazakhstan or Georgia or Azerbaijan or Uzbekistan or Kyrgyzstan trip for Rs. 1 lakh
A clutch of countries in the south of Caucasus and Central Asia provide a whiff of Europe without snapping your budget. Within sniffing distance of Europe and straddling the Eurasian cusp, these are perfect destinations as they combine unsurpassed natural beauty with cultural overdose. Detailed budget and itinerary for Kazakhstan, Georgia, Azerbaijan, Uzbekistan and Kyrgyzstan trips this summer. Happy holidays!
'We’d love to spend it, but...": Warren Buffett as Berkshire's cash pile swells to $189 billion
At Berkshire Hathaway's annual meeting, Warren Buffett celebrated Charlie Munger, discussed growing earnings, and addressed the $189 billion cash pile. Shareholders eagerly awaited insights on Berkshire's future direction and succession plan.
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iPhone 16 leaks: Apple to integrate automatic text generation, article summarisation? Check details of rumoured AI features
Apple is in discussions with OpenAI to integrate advanced generative AI technology into its upcoming iPhones, signaling a renewed focus on AI-driven features. The upcoming iOS 18 is expected to introduce cutting-edge AI features, leveraging Apple's in-house large language model. Further, Tim Cook's acknowledgment of using OpenAI's ChatGPT underscores Apple's strategic approach to AI integration.
Apple reaches $490 million settlement over China comments
Shareholders criticized Apple executives, in particular CEO Tim Cook, for stating in November 2018 that the company's business remained buoyant in China, even though it was slowing down.
Oil Min counters Rs 399-414 LPG cylinder price during UPA govt vs Rs 803 under BJP rule with 'where was gas' jibe
Oil Minister Hardeep Singh Puri has criticized the opposition Congress' statement of providing cooking gas at Rs 399-414 per cylinder, compared to the Rs 803 rate for general customers and Rs 503 for Ujjwala beneficiaries under the BJP. Puri argued that the pricing under the UPA government was neither here nor there due to scarce availability and the subsidy going to the undeserving.
Apple defeats lawsuit claiming it overpaid CEO Tim Cook, others
Rochon also found no proof that Apple's board of directors acted improperly in awarding pay, and said the plaintiff, a pension fund affiliated with the International Brotherhood of Teamsters, did not give the board enough time to consider its objections before suing.
Apple Vision Pro release date revealed: Pricing, purchase details, and more
Apple aficionados can now note the date on their calendars, as the tech giant has officially revealed the release date for its much-anticipated product, the Apple Vision Pro. This spatial computer, designed to enhance user experiences with state-of-the-art technology, is scheduled to hit the market next month.
US moves closer to filing sweeping antitrust case against Apple
The agency is focused on how Apple has used its control over its hardware and software to make it more difficult for consumers to ditch the company's devices, as well as for rivals to compete, said the people, who spoke anonymously because the investigation was active.
RIP Charlie Munger: Tim Cook pays homage to 'titan of business', Harsh Goenka shares 5 lessons he learned from Berkshire Hathaway VC
A long-time confidante of investment icon Warren Buffett, Munger played an instrumental role in taking investment giant Berkshire Hathaway into new heights of success.
This Apple employee's 10-year anniversary gift will make you want to work at Apple
Work anniversaries are celebrated with grandeur, usually accompanied by special tokens of appreciation. But when an Apple employee recently marked a remarkable 10-year milestone with the company, the nature of his commemorative gift raised eyebrows and curiosity alike. Marcos Alonso, a dedicated Human Interface designer at Apple, took to social media to unveil the unique and mysterious gift he received from the tech titan and its CEO, Tim Cook.
Apple’s climate claims deserve scrutiny
The mission goals of Apple are highly dependent on the carbon offsets, which basically are credits people and firms and receive for making investments in projects to cut down on carbon.
Tim Cook, Apple's CEO, reportedly denied his company's credit card
The credit bureaus' red flags triggered Goldman's underwriting system to decline Cook's application. However, after intervention by Goldman, Cook eventually secured the Apple Card.
Apple explores fintech tie-ups with HDFC Bank
"Yes talks have happened regarding a potential tie-up, the discussions were wide ranging involving Apple's fintech plans in India, but at this moment there is nothing on the table to say whether any launch will happen in the near future," said an official close to the development.
Meesho cuts 15% workforce to prune costs; Tim Cook sees India at a ‘tipping point’
After firing 150 employees nearly a year ago, ecommerce startup Meesho has announced layoffs again that will affect 251 employees as it aims to turn sustainable amid a larger reset in the technology industry.
Indian middle-class is growing, has huge potential for our products: Apple CEO Tim Cook
India was a key talking point during the company’s post-earnings call as several analysts asked questions about Apple’s business, strategy, and monetisation trends in India.
Why Google CEO Sundar Pichai and Apple CEO Tim Cook fought over 2 IITians
Two of these three high-in-demand engineers - Venkatachary and Shukla - are IIT graduates.
Apple's first store in India: A promising frontier for the tech giant
India is an important frontier for Apple. It was by far the biggest country to lack an outlet bearing its own brand. Some much smaller countries have multiple Apple stores: Switzerland has four, and even Macao, a Chinese territory with a population of 680,000 people, or 0.5% of India's, has two.
Apple's first store in India: A promising frontier for the tech giant
India is an important frontier for Apple. It was by far the biggest country to lack an outlet bearing its own brand. Some much smaller countries have multiple Apple stores: Switzerland has four, and even Macao, a Chinese territory with a population of 680,000 people, or 0.5% of India's, has two.
From mint-condition iPod to 1st Apple computer, how fans welcomed Tim Cook & Apple BKC store in Mumbai
Many visitors queued up from Monday night for Apple BKC store opening on Tuesday to catch a glimpse of CEO Tim Cook. Fans also wore T-shirts in the style favoured by Apple co-founder Steve Jobs.
Tim Cook to welcome customers at Apple's first store in India
Store openings for the iconic brand world over have witnessed fans queuing up to become the first customer, and it remains to be seen how the people of Mumbai welcome the store on a working day.
Tim Cook to welcome customers at Apple's first store in India
The store is being launched as Apple marks 25 years in the country.
Apple delays bonuses for some, limits hiring in latest cost-cutting effort
The shift will reduce the frequency of bonuses for a portion of Apple’s corporate workforce. Separately, the company is limiting hiring for more jobs and leaving additional positions open when employees depart.
ISS urges Apple shareholders to vote for CEO Tim Cook, other executives' pay packages
The ISS stance, published in a research note on Friday, comes after the iPhone maker had slashed Cook's 2023 compensation target by more than 40% to $49 million.
Why is Apple an outlier amid mass layoffs by Big Tech companies
Wedbush tech analyst Dan Ives said that Apple CEO Tim Cook, who has taken a hefty salary cut by more than 40 per cent in 2023, didn't overhire during the pandemic, reported Yahoo Finance. Cook has already taken a huge pay cut of $35 million, or more than 40 per cent of his compensation.
Apple CEO Tim Cook takes 40% pay cut for FY 2023
The tech giant cited investor guidance and a request from Cook himself to adjust his pay.
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