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Tesla CFO Zachary Kirkhorn steps down, but will remain with company through year's end
Tesla CFO Zachary Kirkhorn steps down, but will remain with company through year's end
Tesla Chief Financial Officer Zachary Kirkhorn has left the company after 13 years with the the electric vehicle and solar panel maker
2023-08-07 21:47
Zoom CEO raises eyebrows by saying people need to go back to the office
Zoom CEO raises eyebrows by saying people need to go back to the office
Zoom CEO Eric Yuan told staff an all-hands meeting earlier this month that he wants employees to return to in-person work because Zoom is making them too “friendly” and unable to build trust. “Over the past several years, we’ve hired so many new ‘Zoomies’ that it’s really hard to build trust,” Mr Yuan says in the audio, which was obtained and first reported by Insider. “We cannot have a great conversation. We cannot debate each other well because everyone tends to be very friendly when you join a Zoom call.” Mr Yuan’s thoughts were accompanied by action: On 3 August, Zoom instituted a new policy requiring employees who live within 50 miles of a physical Zoom office to report to work at least two days per week. The return to the office policy at Zoom is striking considering that it was the Covid-19 pandemic and resulting stay-at-home orders that turned the platform from one few people had ever heard of to a part of everyday life for millions. But Mr Yuan is not alone among senior executives at tech firms. Apple, Meta, and Amazon have all instituted return-to-work policies in recent months, angering employees who have enjoyed the increased flexibility afforded by work-from-home policies. Since Covid-19 vaccines have facilitated the re-opening of the economy, workers and bosses in many sectors have clashed over the importance of in-person work and the ability of companies to exercise control over their employees whereabouts and schedules. Some, like Zoom and a number of other tech companies, have adopted hybrid policies in which workers are required to come into the office on certain days of the week but are allowed to work from home on others. But even those companies have faced backlash from workers, many of whom were hired at a different stage of the pandemic when most or all work at their respective companies was being conducted remotely. Mr Yuan’s comments, which were not meant for public consumption, may provide a measure of insight into how he and other top executives truly feel about Zoom and remote work more broadly — suggesting that it somehow limits innovation by not allowing for the sometimes uncomfortable kinds of interactions that can build trust. Mr Yuan, who was born and raised in China, moved to Silicon Valley during the late 1990s. He founded Zoom more than a decade ago and became a multibillionaire during the pandemic. Read More Maui residents are still reeling from wildfire devastation. Now investors and realtors are trying to cash in
2023-08-25 03:16
Universal under investigation after it trimmed trees that shaded SAG-AFTRA protesters
Universal under investigation after it trimmed trees that shaded SAG-AFTRA protesters
The Los Angeles City Controller's office is investigating after NBCUniversal severely trimmed a row of trees outside its studios where members of SAG-AFTRA were picketing company executives, eliminating shade during a searing heatwave.
2023-07-20 03:51
US consumer prices rise on gasoline and shelter costs in September
US consumer prices rise on gasoline and shelter costs in September
WASHINGTON U.S. consumer prices increased in September amid higher costs for rent and gasoline, but underlying inflation is
2023-10-12 20:54
Signs of Egypt’s Inflation Slowing Point to Rate Hold
Signs of Egypt’s Inflation Slowing Point to Rate Hold
Signs that record Egyptian inflation is finally starting to slow may prompt the central bank to keep interest
2023-09-21 13:50
Eurozone economy rebounds as inflation slows in July
Eurozone economy rebounds as inflation slows in July
Economic growth in the eurozone rebounded in the second quarter, data showed Monday, but concerns remain over inflation that is slowing yet still stubbornly high, and...
2023-07-31 18:50
Target Is Blaming Theft for Store Closures, But Landlords Say Otherwise
Target Is Blaming Theft for Store Closures, But Landlords Say Otherwise
Target Corp. grabbed national headlines last week when it blamed worsening theft for its plan to shut nine
2023-10-08 23:27
Thousands of flights delayed as bad weather threatens Eastern US
Thousands of flights delayed as bad weather threatens Eastern US
More than 1,100 flights have been canceled Monday across the United States -- and more than 3,000 delayed -- as severe weather threatens many eastern states.
2023-08-08 03:27
waterdrop® Rings NASDAQ Opening Bell While Brand Grows as a Global Leader in Sustainable Hydration
waterdrop® Rings NASDAQ Opening Bell While Brand Grows as a Global Leader in Sustainable Hydration
NEW YORK--(BUSINESS WIRE)--Aug 24, 2023--
2023-08-25 02:25
Florida sued over law blocking Chinese citizens, other foreigners from buying property
Florida sued over law blocking Chinese citizens, other foreigners from buying property
A group of Chinese citizens living and working in Florida is suing the state over a new law that bans Chinese nationals from purchasing property in large swaths of the state
2023-05-23 05:58
7-Eleven's Slurpee is about to look a lot different
7-Eleven's Slurpee is about to look a lot different
The Slurpee, an iconic 7-Eleven frozen drink, is getting a makeover.
2023-06-12 22:15
BlackRock made a climate pledge. Then it appointed a Saudi oil executive to its board
BlackRock made a climate pledge. Then it appointed a Saudi oil executive to its board
BlackRock, the world's biggest asset manager, said Monday it has appointed Amin Nasser, chief executive of oil giant Saudi Aramco, to its board of directors — despite the New York-based firm's pledge to accelerate investment in climate-friendly companies.
2023-07-19 01:24