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Who will pay for the worst IT outage the world has seen? | Business News
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After the chaos of Friday’s global IT outage – without doubt the worst the world has seen – questions are starting to be asked about who, if anyone, will pick up the bill. Somewhat surprisingly, particularly given its share price has doubled during the year and was trading on a stratospheric rating, shares of CrowdStrike,…
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Tesla shareholders approve Elon Musk’s huge pay package | Business News
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Tesla shareholders have approved Elon Musk’s multi-billion-dollar pay package. The package is now worth $44bn (£34bn). The package was once as much as $56bn (£44bn) but has declined in value in tandem with Tesla’s stock. The proposal passed despite opposition from some large institutional investors and proxy firms. Onstage at the annual shareholder meeting in…
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Tesla shareholders approve Elon Musk’s $56bn pay package | Business News
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Tesla shareholders have approved Elon Musk’s $56bn (£44bn) pay package. The proposal passed despite opposition from some large institutional investors and proxy firms. Onstage at the annual shareholder meeting in Austin, Texas, the billionaire described himself as “pathologically optimistic”. “If I wasn’t optimistic this wouldn’t exist, this factory wouldn’t exist,” Musk said to resounding applause.…
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Musk cheers ‘wide margin’ of support for record $56bn Tesla pay package | Business News
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Elon Musk has claimed a “wide margin” of support among Tesla shareholders for a $56bn pay package due to him but which was blocked by a court. A new shareholder vote was ordered after a judge in Delaware ruled in January that the 2018 awards had effectively been controlled by the billionaire, as the board…
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Elon Musk cannot keep $55bn Tesla pay package, judge rules | US News
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Elon Musk must give up a compensation package awarded by Tesla’s board of directors that is potentially worth more than $55bn (£43.4bn), a judge has ruled. The Delaware court decision comes five years after a shareholder lawsuit targeted the Tesla chief executive and the directors. The company is incorporated in the state, with oversight for…
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eBay to pay $3m fine over employees who sent live spiders and cockroaches to couple’s home | US News
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Online retailer eBay has agreed to pay a $3m (£2.4m) fine to resolve criminal charges over employees who harassed a couple by sending live spiders, cockroaches to their home. David and Ina Steiner also had a funeral wreath, a bloody pig mask, and a book about surviving the loss of a spouse, show up at…
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Google to pay compensation to millions of US customers after Play Store court case | Science & Tech News
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Google will pay out $700m (£550m) and allow more competition on its Play Store after it was accused of using illegal restrictions and overcharging consumers when they buy items in apps. It forms part of an antitrust settlement in the US, ahead of a legal battle with Fortnite maker Epic Games, which accused Google of…
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Rishi Sunak suggests more should ‘give up security of regular pay cheque’ – as Musk warns of humanoid robots that can ‘chase you anywhere’ | Politics News
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Rishi Sunak has encouraged people to be “comfortable failing” when they start businesses during a conversation with billionaire Elon Musk. The pair spent close to an hour talking at an event in central London where journalists were invited but not allowed to ask questions. Business leaders were given a chance to put questions to the…
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Elon Musk’s X, formerly Twitter, tests making new users pay to post | Science & Tech News
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Elon Musk’s X has started testing a potential sign-up fee for new users. The company formerly known as Twitter has introduced the $1 (82p) charge in New Zealand and the Philippines, placing most key features behind a paywall. New accounts that don’t pay will not be able to post anything or directly interact with others.…
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Amazon’s Prime Video to include ads from 2024 unless you pay more | Business News
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Amazon Prime Video customers will face a choice between watching adverts or paying more to remove them when updates to the firm’s streaming service kick in at the start of next year. The company also warned that live events, such as sports, will continue to include commercials even if people have upgraded to the new…