October 3, 2023
A federal judge on Friday authorized the payout of $41.53 million to investors who lost money when Elon Musk tweeted about taking his electric car company Tesla private. Payouts will come from a “fair fund” created under a settlement between Musk and the US Securities and Exchange Commission, arising from Musk’s August 2018 post on
READ MORE
Advertisement Excessive recruitment fees are an omnipresent burden and decade-long forced labor risk for many of Taiwan’s over 700,000 migrant workers, as they incur substantial debts to pay home-country recruiters for jobs. Vietnamese pay by far the most. In 2022, we reported on workers paying the equivalent of three to four years’ wages at home
READ MORE
The leak revealed that more than 55 people on JobSeeker will receive a “modest increase” in the federal budget, says Sky News political editor Andrew Clennell. “The proposal is that the age at which people … get more on JobSeeker could be lowered from 60 to 55,” Mr. Clennell said. “Under the current system, if
READ MORE
The National Collegiate Athletic Association (NCAA) filed suit in California federal court on Tuesday as part of a proposed class action lawsuit alleging that thousands of current and former student-athletes were denied annual academic achievement cash payments in violation of US antitrust laws. Two former college athletes have filed a complaint against the NCAA, which
READ MORE
Remote work killed SVB, March Madness money and why the plastic bottle industry is booming Ellevest CEO and co-founder Sally Krawchek says:NightcapClaire Duffy, why remote work at SVB was probably not the main reason for the bank’s collapse. Additionally, UNC Chapel Hill Associate Professor Jonathan Jensen explains why shoe companies like Nike and Adidas spend
READ MORE Facebook owner Meta Platforms Inc. plans to reduce bonus payments to some employees and conduct staff performance reviews more frequently, Wall Street Magazine It is reported on Tuesday, citing an internal memo. The social media giant’s employees, who were rated “beat most expectations” in their end-2023 surveys, will receive a lower bonus percentage and limited
READ MORE
SENATOR Shervin T. Gachalian said last Monday that most individual taxpayers are expected to receive higher wages this year, as provided for in the Acceleration and Integration Tax Reform Act, or “Training” (Republic Act 10963). In helping draft the final version of the Train Act, the senator said that starting in 2023, taxpayers earning more
READ MORE
STATE’s pension fund managers announced last Thursday that they will transfer a total of 33.09 billion pesos (nearly $588 million at current exchange rates) into the system when benefits are paid to their respective pensioners next week. Social Security System (SSS) President and CEO Michael J. Regino said the pension fund for private workers should
READ MORE
Top UK fund managers have told company boards to keep the salaries of CEOs and other senior managers “under control” this year to reflect the pain caused to many of their employees by the cost-of-living crisis. In a letter to executives in FTSE-listed companies, the Investment Association, which represents UK fund managers, called for caps
READ MORE Twitternew owner Elon Musk fired top executives to avoid huge severance pay, and ordered other layoffs as early as Saturday to avoid paying stock grants due on Nov. 1, according to media reports. Musk fired Twitter CEO Parag Agrawalchief financial officer Ned Segal head of legal affairs and policy Vijaya Gadde following the completion of
READ MORE