Tesla stated that its Chief Executive’s pay, including salary, cash bonuses is tied to the firm’s operational milestones. On Tuesday, Tesla Inc stated that the renumeration of its CEO, Elon Musk will be paid if the firm and its shareholders do extraordinarily well. Musk’s compensation will be based on a combination of market capitalization and…
South Korea’s regulators are pushing cryptocurrency traders and exchanges to follow Know-Your-Customer (KYC) procedures to curtail money laundering and other crimes. In a significant development surrounding bitcoins and such cryptocurrencies, from January 30, South Korea will ban the use of anonymous bank accounts for trading in cryptocurrencies. The move is designed to bring to bring…
Here is how this France-based house of haute couture aims to make, a subtle and yet distinct statement, in tomorrow’s launch of the Paris’ Spring/Summer Haute Couture Week. French haute couturier Julien Fournie is one of those new age designers who effortlessly bridge the ancient art form of hand-stitched silk gowns with modern cutting-edge 3D…
The profit guideline, for the fourth quarter, by the Britain-based IT services firm beat analysts’ expectation despite being hurt by weaknesses in the domestic market because of Brexit. On Monday, Computacenter Plc, an IT services firm, stated that its adjusted pretax results are likely to beat analysts’ expectations. This latest raising of its earning guidance…
The roller-coaster ride that Toshiba is going through with its memory business, that is inextricably linked to its U.S. nuclear power business, could eventually result in the launch of an IPO for Toshiba Memory, if it fails to win regulatory approval for its sale to the Bain Capital0-led consortium before March 2018. On Monday, the…
Facebook is embarking on a multibillion dollar effort to obtain streaming rights for its top-flight live sport and is slated to recruit a senior broadcasting executive to lead the effort. Facebook had become frustrated after it could not secure its $600 million bid for the steaming rights for the Indian Premier League cricket matches and…
It is very commonplace to lease a car or an apartment but it is not quite an everyday affair to lease out daily household products such as a washing machine or a lightbulb. And this is just the aim of the circular economy. This system is so designed that materials and resources are made to…
Vista Equity Partners Management has hired UBS to explore its options. According to sources familiar with the matter at hand, Vista Equity Partners Management LLC, a private equity firm, is exploring options for two software companies it owns, PeopleAdmin and PowerSchool, which include their merger in a deal worth in the range of $2 billion…
U.S. District Judge Kenneth Karas sentenced, Jiaqiang Xu, 32 to prison for the theft of a trade secret and economic espionage. U.S prosecutors disclosed that a former software engineer for IBM, has been sentenced to 5 years in prison following his guilty plea of stealing proprietary source code from the software giant. On Thursday, U.S.…
In 2018, the hottest emerging industries for startups and entrepreneurs would be cryptocurrency, cannabis, VR and “alternative travel”. This was revealed in a research report prepared by online graphic design marketplace 99designs and was released this week. The conclusion by 99designs was arrived at through a thorough comparison and analysis of the design projects that…
