Indian CEOs are earning 40% more than pre-pandemic levels. This is happening as tech companies go on a lay-off spree. Is automation to blame?

Gravitas: How much do you think an average Indian CEO earns?

Indian CEOs are seeing a significant rise in compensation. According to a Deloitte survey, average CEO pay has jumped 40% since before the pandemic, reaching $1.6 million annually. Interestingly, promoter CEOs, those with ownership stake in the company, earn even more, averaging $2 million compared to professional CEOs. Watch to know more!

India’s CEO compensation surges 40% above pre-pandemic levels

Boeing is undergoing a significant leadership change. CEO Dave Calhoun has stepped down, effective year-end 2024. This follows a series of safety concerns surrounding the 737 Max aircraft, including a mid-air panel blowout incident on a January Alaska airlines flight.

Boeing CEO Dave Calhoun steps down amid safety crisis

Boeing CEO Dave Calhoun has announced that he is stepping down and will leave the company by the end of 2024. Boeing's chairman is leaving too, as is the head of the commercial airplane unit. Will Boeing become safer with these top leadership exits?

Will Boeing CEO Dave Calhoun's exit help make your flight any safer?

The new CEO of crypto exchange FTX has called the company's founder and disgraced crypto Tycoon Sam Bankman-Fried delusional. John Ray his successor has argued that the possibility of customers recovering their funds does not mean Bankman-Fried has not stolen.

New FTX CEO slams Sam Bankman-Fried

Embattled ed-tech firm Byju's troubles are far from over. In the latest, it is unable to pay staff because it can't access recently raised funds due to a legal dispute with some of its investors.

Byju's unable to pay salaries as it can't access funds: CEO

A 4-year-old was allegedly killed by his mother. The mother was caught fleeing with her son's body stuffed in a bag. Now, the postmortem has found that the child was smothered to death. Molly Gambhir tells you more.

Gravitas | Mother accused of killing her 4-year-old son

Bengaluru AI Start-Up CEO Suchana Seth kills 4-year-old son in Goa, tries to flee with body in bag. Preliminary investigations revealed that Suchana Seth's estranged relationship with her husband Venkat Raman led to the gory killing.

Bengaluru CEO Suchana Seth charged with the murder of 4-year-old son in Goa

<p>Christian Lanng, the CEO of San Francisco-based tech company Tradeshift, is facing shocking accusations in a lawsuit filed by a former employee, referred to as Jane Doe. The suit alleges Lanng coerced her into signing a sex slavery contract and subjected her to years of sexual abuse.</p>

<p>Doe claims Lanng forced her to sign a nine-page contract just months after hiring her as his executive assistant.</p>

<p>The contract allegedly mandated her constant sexual availability, with explicit instructions on her conduct and appearance. It specified that she must kneel and inquire about Lanng's needs upon their private meetings.</p>

<h2><strong>Submission and punishment</strong></h2>

<p>The contract required complete submission to Lanng in all aspects, outlining no boundaries for refusal. The assistant was obligated to accept any punishment without showing anger, frustration, or resistance.</p>

<p>Additionally, she was contractually obliged to maintain a specific weight range, adding an unsettling dimension to the alleged exploitation.</p>

<p>“The slave agrees to submit completely to the master in all ways. There are no boundaries of place, time, or situation in which the slave may willfully refuse to obey the directive of the master without risking punishment,” the contract read, according to the lawsuit.</p>

<p><a href="https://www.wionews.com/entertainment/hollywood/news-who-is-harvey-weinstein-former-oscar-winning-film-producer-who-gets-16-years-jail-in-la-rape-case-565384">Also read |&nbsp;Who is Harvey Weinstein? Ex-producer who triggered the #MeToo movement gets 16 years in jail in LA rape case</a></p>

<p>Doe asserted&nbsp;that she signed the contract out of fear of losing her job, stating&nbsp;her love for the role, the significant work she was doing, and her reluctance to jeopardise her opportunity at Tradeshift.</p>

<p>Lanng, terminated earlier in the year for "gross misconduct on multiple grounds" following allegations of sexual assault and harassment, vehemently denies the accusations.</p>

<p>He asserts that the relationship with his assistant was consensual, rejecting the claims of abuse as "shocking and vile."</p>

<p>“The claims in this lawsuit are defamatory and not reflective of my past relationship with the plaintiff. The shocking and vile claims in the lawsuit are categorically false, and I reject allegations that I subjected someone to any form of abuse during my tenure as CEO or at any other time of my life,” he said, according to a statement obtained by the Post.</p>

<p><strong>Also watch |&nbsp;Over 100 McDonald's workers report sexual harassment at workplace</strong></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/over-100-mcdonalds-workers-report-sexual-harassment-at-workplace-617146/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p>The CEO acknowledged&nbsp;an error in judgment for hiring someone with whom he had a romantic relationship but states that it did not violate company policies.</p>

<p>He categorically denied any form of abuse during his tenure as CEO and vows not to repeat such a mistake in the future.</p>

<p><em>(With inputs from agencies)</em></p>


Christian Lanng, the CEO of San Francisco-based tech company Tradeshift, is facing shocking accusations in a lawsuit filed by a former employee, referred to as Jane Doe.

Christian Lanng, the CEO of San Francisco-based tech company Tradeshift, is facing shocking accusations in a lawsuit filed by a former employee, referred to as Jane Doe. The suit alleges Lanng coerced her into signing a sex slavery contract and subjected her to years of sexual abuse. Doe claims Lanng forced her to sign a nine-page contract just months after hiring her as his executive assistant. The contract allegedly mandated her constant sexual availability, with explicit instructions on her conduct and appearance. It specified that she must kneel and inquire about Lanng's needs upon their private meetings. Submission and punishment The contract required complete submission to Lanng in all aspects, outlining no boundaries for refusal. The assistant was obligated to accept any punishment without showing anger, frustration, or resistance. Additionally, she was contractually obliged to maintain a specific weight range, adding an unsettling dimension to the alleged exploitation. “The slave agrees to submit completely to the master in all ways. There are no boundaries of place, time, or situation in which the slave may willfully refuse to obey the directive of the master without risking punishment,” the contract read, according to the lawsuit. Also read | Who is Harvey Weinstein? Ex-producer who triggered the #MeToo movement gets 16 years in jail in LA rape case Doe asserted that she signed the contract out of fear of losing her job, stating her love for the role, the significant work she was doing, and her reluctance to jeopardise her opportunity at Tradeshift. Lanng, terminated earlier in the year for "gross misconduct on multiple grounds" following allegations of sexual assault and harassment, vehemently denies the accusations. He asserts that the relationship with his assistant was consensual, rejecting the claims of abuse as "shocking and vile." “The claims in this lawsuit are defamatory and not reflective of my past relationship with the plaintiff. The shocking and vile claims in the lawsuit are categorically false, and I reject allegations that I subjected someone to any form of abuse during my tenure as CEO or at any other time of my life,” he said, according to a statement obtained by the Post. Also watch | Over 100 McDonald's workers report sexual harassment at workplace The CEO acknowledged an error in judgment for hiring someone with whom he had a romantic relationship but states that it did not violate company policies. He categorically denied any form of abuse during his tenure as CEO and vows not to repeat such a mistake in the future. (With inputs from agencies)

'Body belongs to master': Former assistant accuses tech CEO of turning her into 'sex slave'

<p>It was one big task for OpenAI, the ChatGPT maker, to reinstate Sam Altman as the CEO, backtracking its&nbsp;earlier measure of sacking him over his conduct with the board members. The entire saga which ended in Altman being given back his job again&nbsp;undid a long chain of developments that transpired following the bombshell announcement.&nbsp;</p>

<p>The reports now suggest that it was not a cakewalk for OpenAI to get back Altman and that it took "72 very intense hours of work" to crack a deal. Twitch co-founder Emmett Shear who was taken aboard as the interim CEO in the aftermath of the cooperate saga wrote, “I am deeply pleased by this result after ~72 very intense hours of work. Coming into OpenAI, I wasn’t sure what the right path would be."</p>

<p>Also Read |&nbsp;<a href="https://www.wionews.com/world/microsoft-ceo-satya-nadella-had-this-to-say-on-sam-altmans-return-to-openai-661543">Microsoft CEO Satya Nadella had this to say on Sam Altman’s return to OpenAI</a></p>

<p>"This was the pathway that maximized safety alongside doing right by all stakeholders involved. I’m glad to have been a part of the solution,” Shear, whose designation on X still reads interim ex-CEO of OpenAI, added in a post on X after Altman was given back the top position.&nbsp;</p>

<p>Making an announcement over an "in principle" agreement reached with Altman, OpenAI said that the company now has a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo.&nbsp;</p>

<p><strong>Watch |&nbsp;<a href="https://www.wionews.com/videos/north-korea-claims-launch-of-first-spy-satellite-661540">North Korea claims launch of first spy satellite</a></strong></p>

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<h2><strong>Poached by Microsoft&nbsp;</strong></h2>

<p>The reinstatement of Altman put an end to the week-long boardroom battle which also saw Altman poached by Microsoft to lead a new AI research team at the tech giant.&nbsp;&nbsp;</p>

<p>After removing Altman, OpenAI briefly roped in&nbsp;the firm's Chief Technology Officer (CTO) Mira Murati to take over Altman's job. Later, on November 20, the Twitch co-founder Shear&nbsp;was approached to lead OpenAI on an interim basis.</p>

<p>Media reports suggest that Altman also agreed to an internal investigation of his conduct, something which the OpenAI said was the reason why the company throw him out in the first place.</p>

<p><em>(With inputs from agencies)</em></p>

<p>&nbsp;</p>


It was one big task for OpenAI, the ChatGPT maker, to reinstate Sam Altman as the CEO, backtracking its earlier measure of sacking him over his conduct with the board members.

It was one big task for OpenAI, the ChatGPT maker, to reinstate Sam Altman as the CEO, backtracking its earlier measure of sacking him over his conduct with the board members. The entire saga which ended in Altman being given back his job again undid a long chain of developments that transpired following the bombshell announcement. The reports now suggest that it was not a cakewalk for OpenAI to get back Altman and that it took "72 very intense hours of work" to crack a deal. Twitch co-founder Emmett Shear who was taken aboard as the interim CEO in the aftermath of the cooperate saga wrote, “I am deeply pleased by this result after ~72 very intense hours of work. Coming into OpenAI, I wasn’t sure what the right path would be." Also Read | Microsoft CEO Satya Nadella had this to say on Sam Altman’s return to OpenAI "This was the pathway that maximized safety alongside doing right by all stakeholders involved. I’m glad to have been a part of the solution,” Shear, whose designation on X still reads interim ex-CEO of OpenAI, added in a post on X after Altman was given back the top position. Making an announcement over an "in principle" agreement reached with Altman, OpenAI said that the company now has a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo. Watch | North Korea claims launch of first spy satellite × Poached by Microsoft The reinstatement of Altman put an end to the week-long boardroom battle which also saw Altman poached by Microsoft to lead a new AI research team at the tech giant. After removing Altman, OpenAI briefly roped in the firm's Chief Technology Officer (CTO) Mira Murati to take over Altman's job. Later, on November 20, the Twitch co-founder Shear was approached to lead OpenAI on an interim basis. Media reports suggest that Altman also agreed to an internal investigation of his conduct, something which the OpenAI said was the reason why the company throw him out in the first place. (With inputs from agencies)

Getting Altman back as CEO was not a cakewalk. Interim CEO Emmett Shear shares why

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<p>Adam Neumann is the co-founder and former CEO of WeWork, which once aimed to revolutionise people's way of working globally. However, the office-sharing company recently filed for Chapter 11 bankruptcy protection, marking a significant downfall.</p>

<p>Here's everything you need to know about Adam Neumann, the billionaire who continued to get wealthy while his company was making losses.&nbsp;</p>

<h2><strong>Adam Neumann's Early Life &amp; Education&nbsp;</strong></h2>

<p>Born in southern Israel to medical student parents, Adam Neumann moved to New York after a stint in the Israeli Navy to pursue his dream of becoming an entrepreneur at the Zicklin School of Business at Baruch College.&nbsp;</p>

<p>His first business was Krawlers, a company which manufactured and sold baby clothes. However, he turned his attention to real estate after realising that the company was not turning into a multi-million dollar business.&nbsp;</p>

<h2><strong>The Rise &amp; Fall of Adam Neumann at WeWork</strong></h2>

<p>Adam Neumann founded WeWork in 2010 during the financial crash when scores of commercial properties in New York lay empty. He grabbed office space cheaply and used it to build co-working spaces.&nbsp;</p>

<p>The business grew swiftly, and within a few years, WeWork established hundreds of sites in over two dozen countries. However, WeWork's rapid growth could not make a profit for the company. Despite that, Adam Neumann secured plenty of money from Silicon Valley to keep the company going.&nbsp;</p>

<p><strong>ALSO READ |&nbsp;</strong><a href="https://www.wionews.com/business-economy/future-of-work-tech-industrys-mandate-to-bring-back-the-office-656454">Future of Work: Tech industry's mandate to bring back the 'office'</a></p>

<p>He had massive ambitions for WeWork, including eradicating world hunger. However, his dreams were not limited to his company. He was a high-flying executive who boasted about his goal to become the first trillionaire and the president of the world.</p>

<p>When the Japanese investment giant handed Neumann billions of dollars in funding, WeWork became one of the most valuable private companies in the world, with a valuation of $47 billion.&nbsp;</p>

<p>The next step was to make the company public. That's when WeWork's IPO prospectus document revealed that Neumann, now a billionaire, borrowed hundreds of millions of dollars to fund his lavish lifestyles and secured debt against the value of company shares.</p>

<p>After the Wall Street Journal published details of Neumann's fondness of private jets and marijuana, the investors wanted him out. In 2019, Neumann quit reluctantly.</p>

<h2><strong>Adam Neumann's Net Worth</strong></h2>

<p>Forbes' latest estimates say that Adam Neumann is worth $2.2 billion. In 2019, Neumann peaked at $4.1 billion before he quit WeWork.</p>

<p><em>(With inputs from agencies)</em></p>

<p><strong>WATCH WION LIVE HERE</strong></p>

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Adam Neumann is the co-founder and former CEO of WeWork, which once aimed to revolutionise people's way of working globally. However, the office-sharing company recently filed for Chapter 11 bankruptcy protection, marking a significant downfall.

Adam Neumann is the co-founder and former CEO of WeWork, which once aimed to revolutionise people's way of working globally. However, the office-sharing company recently filed for Chapter 11 bankruptcy protection, marking a significant downfall. Here's everything you need to know about Adam Neumann, the billionaire who continued to get wealthy while his company was making losses. Adam Neumann's Early Life & Education Born in southern Israel to medical student parents, Adam Neumann moved to New York after a stint in the Israeli Navy to pursue his dream of becoming an entrepreneur at the Zicklin School of Business at Baruch College. His first business was Krawlers, a company which manufactured and sold baby clothes. However, he turned his attention to real estate after realising that the company was not turning into a multi-million dollar business. The Rise & Fall of Adam Neumann at WeWork Adam Neumann founded WeWork in 2010 during the financial crash when scores of commercial properties in New York lay empty. He grabbed office space cheaply and used it to build co-working spaces. The business grew swiftly, and within a few years, WeWork established hundreds of sites in over two dozen countries. However, WeWork's rapid growth could not make a profit for the company. Despite that, Adam Neumann secured plenty of money from Silicon Valley to keep the company going. ALSO READ | Future of Work: Tech industry's mandate to bring back the 'office' He had massive ambitions for WeWork, including eradicating world hunger. However, his dreams were not limited to his company. He was a high-flying executive who boasted about his goal to become the first trillionaire and the president of the world. When the Japanese investment giant handed Neumann billions of dollars in funding, WeWork became one of the most valuable private companies in the world, with a valuation of $47 billion. The next step was to make the company public. That's when WeWork's IPO prospectus document revealed that Neumann, now a billionaire, borrowed hundreds of millions of dollars to fund his lavish lifestyles and secured debt against the value of company shares. After the Wall Street Journal published details of Neumann's fondness of private jets and marijuana, the investors wanted him out. In 2019, Neumann quit reluctantly. Adam Neumann's Net Worth Forbes' latest estimates say that Adam Neumann is worth $2.2 billion. In 2019, Neumann peaked at $4.1 billion before he quit WeWork. (With inputs from agencies) WATCH WION LIVE HERE

Who is Adam Neumann? Former CEO and co-founder of WeWork who quit before it went bankrupt

<p>A day after Infosys founder Narayana Murthy sparked a huge debate over working hours by suggesting that the young generation should work for 70 hours in a week, JSW Chairman Sajjan Jindal on Friday (Oct 27) jumped into the debate and supported the Infosys co-founder.<br />
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Jindal believed that the specific circumstances of India, which are different from those of a few developed economies, make it important for the country not to adopt "shorter work weeks" as the norm.<br />
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"I wholeheartedly endorse Mr Narayana Murthy's statement. It's not about burnout, it's about dedication. We have to make India an economic superpower that we can all be proud of in India 2047," wrote Jindal, in a post on X, which was formerly known as Twitter.</p>

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<p dir="ltr" lang="en">I whole heartedly endorse Mr. Narayana Murthy's statement. It's not about burnout, it’s about dedication. We have to make India an economic superpower that we can all be proud of. <a href="https://twitter.com/hashtag/India2047?src=hash&amp;ref_src=twsrc%5Etfw">#India2047</a></p>
— Sajjan Jindal (@sajjanjindal) <a href="https://twitter.com/sajjanjindal/status/1717852643928809641?ref_src=twsrc%5Etfw">October 27, 2023</a></blockquote>
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<p>"A 5-day week culture is not what a rapidly developing nation of our size needs," he added.</p>

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<p dir="ltr" lang="en">A 5 day week culture is not what a rapidly developing nation of our size needs.<br />
Our PM <a href="https://twitter.com/narendramodi?ref_src=twsrc%5Etfw">@narendramodi</a> ji works over 14-16 hours everyday. My father used to work 12-14 hours, 7 days a week. I work 10-12 hours everyday. We have to find passion in our work and in Nation Building.</p>
— Sajjan Jindal (@sajjanjindal) <a href="https://twitter.com/sajjanjindal/status/1717852647091486858?ref_src=twsrc%5Etfw">October 27, 2023</a></blockquote>
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<p><strong>ALSO READ |</strong>&nbsp;<a href="https://www.wionews.com/business-economy/it-billionaire-narayana-murthy-suggests-70-hour-work-week-for-indian-youth-and-internet-has-this-to-say-651689">IT billionaire Narayana Murthy suggests 70-hour work week for Indian youth, and internet has this to say</a></p>

<h2><strong>Jindal says India's prime minister also works for 4-16 hours every day</strong></h2>

<p>The CEO further went on to cite the example of Indian Prime Minister Narendra Modi who he claimed works for nearly 14-16 hours every day.<br />
<br />
“Our PM @narendramodi ji works over 14-16 hours every day. My father used to work 12-14 hours, 7 days a week. I work 10-12 hours every day. We have to find passion in our work and in nation-building,” he said.</p>

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<p dir="ltr" lang="en">Our circumstances are unique and the challenges we face are distinct from the developed nations. They are working 4 or 5 days a week because their earlier generations clocked longer &amp; more productive hours.<br />
We can't let shorter work weeks elsewhere become our standard!</p>
— Sajjan Jindal (@sajjanjindal) <a href="https://twitter.com/sajjanjindal/status/1717852650434162822?ref_src=twsrc%5Etfw">October 27, 2023</a></blockquote>
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<p>“Our circumstances are unique and the challenges we face are distinct from the developed nations. They are working 4 or 5 days a week because their earlier generations clocked longer &amp; more productive hours. We can't let shorter work weeks elsewhere become our standard,” Jindal added.</p>

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<p dir="ltr" lang="en">India's greatest strength is our youth. And in our journey to become a superpower, this generation has to prioritize work over leisure. As we progress, there will be opportunities for comfort, and the youth of 2047 will reap the benefits of our sacrifices and diligence.</p>
— Sajjan Jindal (@sajjanjindal) <a href="https://twitter.com/sajjanjindal/status/1717852653890175450?ref_src=twsrc%5Etfw">October 27, 2023</a></blockquote>
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<p>Jindal stated that the greatest strength of India is its youth and in the country's journey to become a superpower, this generation needs to prioritise work over leisure. "As we progress, there will be opportunities for comfort, and the youth of 2047 will reap the benefits of our sacrifices and diligence," he stated on X.</p>

<p><strong>WATCH |&nbsp;‘Washout’ year for Indian tech firms?</strong></p>

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<h2><strong>Jindal faces backlash on X</strong></h2>

<p>However, Jindal had to face backlash from users on X for his comments.<br />
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“Would like to see you take the public commute to work and then work for 70 hours a week. What about our personal life? Should we give it up altogether? Stop using our PM's name to further your nefarious thoughts. FYI, Indians are amongst the most overworked workforce in the world,” said a user.</p>

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<p dir="ltr" lang="en">Would like to see you take the public commute to work and then work for 70 hrs a week. What about our personal life? Should we give it up altogether? Stop using our PM's name to further your nefarious thoughts. FYI, Indians are amongst the most overworked workforce in the world.</p>
— Kiran (@iamkiran21) <a href="https://twitter.com/iamkiran21/status/1717940134211956752?ref_src=twsrc%5Etfw">October 27, 2023</a></blockquote>
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<p>Meanwhile, someone else stated that they should receive additional pay for working extra hours.</p>

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<p dir="ltr" lang="en">Days of earn today and live tomorrow are gone. Don't blabber just like that. if you want employees to work more hours, link the pay to number of hours. Can't be a one way traffic</p>
— Pankaj Pandey (@pp479w) <a href="https://twitter.com/pp479w/status/1717913378402759014?ref_src=twsrc%5Etfw">October 27, 2023</a></blockquote>
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<p>“Days of earning today and living tomorrow are gone. Don't blabber just like that. If you want employees to work more hours, link the pay to the number of hours. Can't be a one-way traffic,” another comment read.</p>

<p><em>(With inputs from agencies)</em></p>

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A day after Infosys founder Narayana Murthy sparked a huge debate over working hours by suggesting that the young generation should work for 70 hours in a week, JSW Chairman Sajjan Jindal on Friday (Oct 27) jumped into the debate and supported the Infosys co-founder.

A day after Infosys founder Narayana Murthy sparked a huge debate over working hours by suggesting that the young generation should work for 70 hours in a week, JSW Chairman Sajjan Jindal on Friday (Oct 27) jumped into the debate and supported the Infosys co-founder. Jindal believed that the specific circumstances of India, which are different from those of a few developed economies, make it important for the country not to adopt "shorter work weeks" as the norm. "I wholeheartedly endorse Mr Narayana Murthy's statement. It's not about burnout, it's about dedication. We have to make India an economic superpower that we can all be proud of in India 2047," wrote Jindal, in a post on X, which was formerly known as Twitter. I whole heartedly endorse Mr. Narayana Murthy's statement. It's not about burnout, it’s about dedication. We have to make India an economic superpower that we can all be proud of. #India2047 — Sajjan Jindal (@sajjanjindal) October 27, 2023 × "A 5-day week culture is not what a rapidly developing nation of our size needs," he added. A 5 day week culture is not what a rapidly developing nation of our size needs. Our PM @narendramodi ji works over 14-16 hours everyday. My father used to work 12-14 hours, 7 days a week. I work 10-12 hours everyday. We have to find passion in our work and in Nation Building. — Sajjan Jindal (@sajjanjindal) October 27, 2023 × ALSO READ | IT billionaire Narayana Murthy suggests 70-hour work week for Indian youth, and internet has this to say Jindal says India's prime minister also works for 4-16 hours every day The CEO further went on to cite the example of Indian Prime Minister Narendra Modi who he claimed works for nearly 14-16 hours every day. “Our PM @narendramodi ji works over 14-16 hours every day. My father used to work 12-14 hours, 7 days a week. I work 10-12 hours every day. We have to find passion in our work and in nation-building,” he said. Our circumstances are unique and the challenges we face are distinct from the developed nations. They are working 4 or 5 days a week because their earlier generations clocked longer & more productive hours. We can't let shorter work weeks elsewhere become our standard! — Sajjan Jindal (@sajjanjindal) October 27, 2023 × “Our circumstances are unique and the challenges we face are distinct from the developed nations. They are working 4 or 5 days a week because their earlier generations clocked longer & more productive hours. We can't let shorter work weeks elsewhere become our standard,” Jindal added. India's greatest strength is our youth. And in our journey to become a superpower, this generation has to prioritize work over leisure. As we progress, there will be opportunities for comfort, and the youth of 2047 will reap the benefits of our sacrifices and diligence. — Sajjan Jindal (@sajjanjindal) October 27, 2023 × Jindal stated that the greatest strength of India is its youth and in the country's journey to become a superpower, this generation needs to prioritise work over leisure. "As we progress, there will be opportunities for comfort, and the youth of 2047 will reap the benefits of our sacrifices and diligence," he stated on X. WATCH | ‘Washout’ year for Indian tech firms? Jindal faces backlash on X However, Jindal had to face backlash from users on X for his comments. “Would like to see you take the public commute to work and then work for 70 hours a week. What about our personal life? Should we give it up altogether? Stop using our PM's name to further your nefarious thoughts. FYI, Indians are amongst the most overworked workforce in the world,” said a user. Would like to see you take the public commute to work and then work for 70 hrs a week. What about our personal life? Should we give it up altogether? Stop using our PM's name to further your nefarious thoughts. FYI, Indians are amongst the most overworked workforce in the world. — Kiran (@iamkiran21) October 27, 2023 × Meanwhile, someone else stated that they should receive additional pay for working extra hours. Days of earn today and live tomorrow are gone. Don't blabber just like that. if you want employees to work more hours, link the pay to number of hours. Can't be a one way traffic — Pankaj Pandey (@pp479w) October 27, 2023 × “Days of earning today and living tomorrow are gone. Don't blabber just like that. If you want employees to work more hours, link the pay to the number of hours. Can't be a one-way traffic,” another comment read. (With inputs from agencies) You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

After Narayana Murthy sparks debate over working hours, another CEO backs his 70-hour work week suggestion

Morgan Stanley has just released its third-quarter earnings report, and it's not good news for the bank. Profits have taken a hit and shares are down, primarily due to sluggish deal making and concerns over the CEO succession.

Morgan Stanley's Q3 profit hit by CEO succession delays

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<p>AirAsia CEO shared a picture on LinkedIn where he was attending a company meeting while getting a massage.</p>

<p>On Monday, Tony Fernandes, the chief executive officer of AirAsia, took to the networking platform to appreciate his company's work culture. While doing so, he posted a picture showing how his company allows him to get a massage and attend a management meeting simultaneously.</p>

<p>In the photo, he sat shirtless in a conference room while attending a meeting and getting a massage. He wrote in the caption, "Was a stressful week and Veranita Yosephine suggested a massage. Got to love Indonesia and AirAsia culture that I Can have a massage and do a management meeting." He added, "We are making big progress and I have now finalized Capital A structure. Exciting days ahead. Proud of what we have built and never have lost sight of the finish."</p>

<p><strong>ALSO READ |&nbsp;</strong><a href="https://www.wionews.com/trending/extraordinary-discovery-of-love-made-in-an-ordinary-field-in-england-647950" target="_blank">'I desire to serve you': Extraordinary discovery of love made in an ordinary field in England</a></p>

<p>However, people on the internet criticised Fernandes for "inappropriate" and "disgusting" behaviour. The post amassed 725 likes and 108 comments from LinkedIn users.</p>

<p>A LinkedIn user commented on the post saying, "I don't think the women in your company would feel comfortable or safe in this context, and given you're the boss, they likely won't challenge you or say anything. Please for their sake, listen to the comments you've deleted on this post. You are clearly a smart leader that cares about culture but this isn't the way to create a supportive, safe one.."</p>

<p>Another user remarked, "What kind of example you are setting for generations to come and even for those who look up to you, I don't think it's appropriate to have an official meeting in such a manner."</p>

<p>"Work at AirAsia, where meetings are as gross as our passenger experience. You have managed to capture everything from inappropriate entitlement to exemplary C Suite tone-deafness in a single image. Bravo!" a user added.&nbsp;</p>

<p>A person commented, "I'm not sure how to react here. But I think there are 100 better ways to show off your company culture, and this stood out the most least."</p>

<p>However, many users lauded the AirAsia's CEO for his post.</p>

<p>A user commented, "Love this boss!"</p>

<p>Another user wrote, "My favourite post on LinkedIn. Looking forward to you posting more of your day-to-day office life."</p>

<p>"You deserved it, Sir! All the very best," an individual commented.</p>

<p>However, Fernandes deleted the post from LinkedIn on Monday evening.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

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AirAsia CEO shared a picture on LinkedIn where he was attending a company meeting while getting a massage. On Monday, Tony Fernandes, the chief executive officer of AirAsia, took to the networking platform to appreciate his company's work culture.

AirAsia CEO shared a picture on LinkedIn where he was attending a company meeting while getting a massage. On Monday, Tony Fernandes, the chief executive officer of AirAsia, took to the networking platform to appreciate his company's work culture. While doing so, he posted a picture showing how his company allows him to get a massage and attend a management meeting simultaneously. In the photo, he sat shirtless in a conference room while attending a meeting and getting a massage. He wrote in the caption, "Was a stressful week and Veranita Yosephine suggested a massage. Got to love Indonesia and AirAsia culture that I Can have a massage and do a management meeting." He added, "We are making big progress and I have now finalized Capital A structure. Exciting days ahead. Proud of what we have built and never have lost sight of the finish." ALSO READ | 'I desire to serve you': Extraordinary discovery of love made in an ordinary field in England However, people on the internet criticised Fernandes for "inappropriate" and "disgusting" behaviour. The post amassed 725 likes and 108 comments from LinkedIn users. A LinkedIn user commented on the post saying, "I don't think the women in your company would feel comfortable or safe in this context, and given you're the boss, they likely won't challenge you or say anything. Please for their sake, listen to the comments you've deleted on this post. You are clearly a smart leader that cares about culture but this isn't the way to create a supportive, safe one.." Another user remarked, "What kind of example you are setting for generations to come and even for those who look up to you, I don't think it's appropriate to have an official meeting in such a manner." "Work at AirAsia, where meetings are as gross as our passenger experience. You have managed to capture everything from inappropriate entitlement to exemplary C Suite tone-deafness in a single image. Bravo!" a user added. A person commented, "I'm not sure how to react here. But I think there are 100 better ways to show off your company culture, and this stood out the most least." However, many users lauded the AirAsia's CEO for his post. A user commented, "Love this boss!" Another user wrote, "My favourite post on LinkedIn. Looking forward to you posting more of your day-to-day office life." "You deserved it, Sir! All the very best," an individual commented. However, Fernandes deleted the post from LinkedIn on Monday evening. (With inputs from agencies) WATCH WION LIVE HERE

AirAsia CEO receives backlash for attending office meeting while getting a massage

<p>Microsoft chief executive Satya Nadella is expected to testify on Monday as a witness for the U.S. Justice Department, according to a filing on the docket of its once-in-a generation court fight against Alphabet's Google.</p>

<p>The government is likely to ask Nadella about Microsoft's efforts to expand the reach of Edge and Bing, its browser and search engine, and the obstacles posed by Google's dominance. Google will likely argue that the better quality of its products are the reason for its success rather than illegal behaviour.</p>

<p>The government has argued that Google, which has some 90% of the search market, illegally paid $10 billion annually to smartphone makers like Apple and wireless carriers like AT&amp;T and others to be the default in search on their devices in order to stay on top.</p>

<p>The clout in search makes Google a heavy hitter in the lucrative advertising market, boosting its profits.</p>

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Microsoft chief executive Satya Nadella is expected to testify on Monday as a witness for the U.S. Justice Department, according to a filing on the docket of its once-in-a generation court fight against Alphabet's Google.

Microsoft chief executive Satya Nadella is expected to testify on Monday as a witness for the U.S. Justice Department, according to a filing on the docket of its once-in-a generation court fight against Alphabet's Google. The government is likely to ask Nadella about Microsoft's efforts to expand the reach of Edge and Bing, its browser and search engine, and the obstacles posed by Google's dominance. Google will likely argue that the better quality of its products are the reason for its success rather than illegal behaviour. The government has argued that Google, which has some 90% of the search market, illegally paid $10 billion annually to smartphone makers like Apple and wireless carriers like AT&T and others to be the default in search on their devices in order to stay on top. The clout in search makes Google a heavy hitter in the lucrative advertising market, boosting its profits. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

Microsoft CEO Satya Nadella set to testify against Google in antitrust trial

British Petroleum, or BP, which has been in disarray for many days, will finish the week without a permanent CEO and with serious questions about its future. The sudden departure of CEO Bernard Looney has sent the energy giant's board into a frenzy of activity, including a search for a replacement, a review of workers' personal ties, and an effort to reassure investors and employees that the problem is under control.

British Petroleums' search for a new CEO

After Bernard Looney's sudden departure from BP, the company has been searching both internally and externally for a new chief executive officer. BP's press office stated on Wednesday that chairman Helge Lund, who also serves as chairman of the company's nominating committee, informed employees via webcast that the search for a new CEO had begun.

BP's CEO Hunt: A fresh start with external candidates

Around 200 senior business people are expected to attend the conference all of these business people have paid more than three thousand dollars each to attend the event. The Forum will be attended by Stormer Shadow.

Labour Party Conference 2023: 300 CEOs of big companies to attend the conference

India's push to become a manufacturing hub has got a big thumbs up from the Taiwanese tech giant Foxconn. The company's chairman and CEO, Young Liu, has reiterated that India will emerge as the new manufacturing centre in the world.

Foxconn backs 'make in India'

Veteran banker Uday Kotak on Saturday resigned as CEO and managing director of Kotak Mahindra bank, bringing an end to his nearly four-decade-long stint leading the bank, which he founded in 1985. However, he will continue to remain as a non-executive director of the bank.

Uday Kotak quits as CEO and managing director

<p>Internet is a strange place. It is the same realm that brutally criticises you, makes you angry or even sends you into a shell. And sometimes it can be a place that rewards you. An Indian student, studying in Canada was trolled and criticised for her 'dream to leave India' remark. The video went viral on Sunday (July 30).</p>

<p>In the viral video, the student introduced herself as Ekta. She was asked 'what brought her to Canada'. In the video, Ekta can be heard saying that it was her 'dream to leave India'. The reply didn't go down well with many social media users on 'X', the renamed platform of good ol' Twitter.</p>

<p>'Brain drain' is something that is scoffed at in India. Highly qualified youngsters sometimes choose to seek employment in western countries after studying in elite institutes in India like India Institute of Technology, Indian Institute of Management and so on. Those who profess their opposition to 'brain drain' say that these students take benefits of considerable subsidies on their education but create wealth for foreign companies and nations by working and settling there.&nbsp;</p>

<p>At the same time, those studying in institutes in India and abroad say that their hard work and merit has earned them admission to these prestigious institutions and it's a matter of personal choice which country they choose to settle in.</p>

<p>Ekta's video elicited reactions on similar lines. She was criticised based on perception that she was trying to show India in poor light and was encouraging leaving home country.</p>

<p>But Ekta got support from unexpected quarters when none other than the CEO of Truecaller rallied behind her.&nbsp;</p>

<p>"People really want to misunderstand her to make fun of her. This is not OK!! Ekta, don't listen to all these clowns making fun of you. I think you're cool and living the dream! When you're done with school, you're welcome to work at Truecaller in any of our offices around the globe," read the post by Alan Mamedi, CEO of Truecaller.</p>

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<p dir="ltr" lang="en">People really want to misunderstand her to make fun of her. This is not OK!! Ekta, don't listen to all these clowns making fun of you. I think you're cool and living the dream! When you're done with school, you're welcome to work at Truecaller in any of our offices around the 🌏 <a href="https://t.co/PuotNAMwKK">https://t.co/PuotNAMwKK</a></p>
— Alan Mamedi (@AlanMamedi) <a href="https://twitter.com/AlanMamedi/status/1687075637423464448?ref_src=twsrc%5Etfw">August 3, 2023</a></blockquote>
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Internet is a strange place. It is the same realm that brutally criticises you, makes you angry or even sends you into a shell. And sometimes it can be a place that rewards you.

Internet is a strange place. It is the same realm that brutally criticises you, makes you angry or even sends you into a shell. And sometimes it can be a place that rewards you. An Indian student, studying in Canada was trolled and criticised for her 'dream to leave India' remark. The video went viral on Sunday (July 30). In the viral video, the student introduced herself as Ekta. She was asked 'what brought her to Canada'. In the video, Ekta can be heard saying that it was her 'dream to leave India'. The reply didn't go down well with many social media users on 'X', the renamed platform of good ol' Twitter. 'Brain drain' is something that is scoffed at in India. Highly qualified youngsters sometimes choose to seek employment in western countries after studying in elite institutes in India like India Institute of Technology, Indian Institute of Management and so on. Those who profess their opposition to 'brain drain' say that these students take benefits of considerable subsidies on their education but create wealth for foreign companies and nations by working and settling there. At the same time, those studying in institutes in India and abroad say that their hard work and merit has earned them admission to these prestigious institutions and it's a matter of personal choice which country they choose to settle in. Ekta's video elicited reactions on similar lines. She was criticised based on perception that she was trying to show India in poor light and was encouraging leaving home country. But Ekta got support from unexpected quarters when none other than the CEO of Truecaller rallied behind her. "People really want to misunderstand her to make fun of her. This is not OK!! Ekta, don't listen to all these clowns making fun of you. I think you're cool and living the dream! When you're done with school, you're welcome to work at Truecaller in any of our offices around the globe," read the post by Alan Mamedi, CEO of Truecaller. People really want to misunderstand her to make fun of her. This is not OK!! Ekta, don't listen to all these clowns making fun of you. I think you're cool and living the dream! When you're done with school, you're welcome to work at Truecaller in any of our offices around the 🌏 https://t.co/PuotNAMwKK — Alan Mamedi (@AlanMamedi) August 3, 2023 × You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE ×

After being trolled for 'dream to leave India' comment, student gets job offer from Truecaller CEO

<p>The board of directors at Walt Disney has decided to extend the contract of CEO Robert Iger by two years, signaling their confidence in his leadership as the company faces long-term challenges in its film and television businesses.&nbsp;The decision aims to ensure continuity of leadership during Disney's ongoing transformation, the board said in a statement.&nbsp;</p>

<p>Iger retired in 2021 but returned as CEO in November 2022, committing to a two-year term to revitalise the business and find a more permanent replacement after the departure of Bob Chapek, Iger's chosen successor.&nbsp;</p>

<h2><strong>Challenges in entertainment and media industry</strong></h2>

<p>Iger's extended tenure comes at a time when the entertainment and media industry is undergoing significant transitions.&nbsp;</p>

<p>Also Read | <a href="https://www.wionews.com/world/alarming-warning-from-who-bird-flu-poses-increased-risk-of-adapting-to-humans-614852">Alarming warning from WHO: Bird flu poses increased risk of adapting to humans</a></p>

<p>The streaming video business, once hailed as the future of media, continues to generate losses. Additionally, weak box office performances of high-profile titles have posed challenges to Iger's efforts to rejuvenate the company.</p>

<p>Furthermore, the television business is grappling with long-term declines in audience numbers, a trend that appears to be irreversible.&nbsp;</p>

<p>Also Read | <a href="https://www.wionews.com/world/india-backs-pakistans-resolution-at-un-condemning-quran-burning-protests-614841">India backs Pakistan’s resolution at UN condemning Quran burning protests</a></p>

<p>To mitigate costs, Disney announced in February its plans to cut 7,000 jobs as part of a major overhaul aimed at saving $5.5 billion.</p>

<h2><strong>Terms of Iger's contract&nbsp;</strong></h2>

<p>Under the terms of his contract extension, Iger has the opportunity to receive an annual incentive bonus of five times his base salary. In his previous contract, he was estimated to earn $27 million per year in total compensation.</p>

<p><strong>Watch | Kenya on the boil as protests erupt against tax hikes</strong></p>

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<p>Following the announcement, Disney's shares saw a slight increase in after-hours trading.&nbsp;</p>

<p>In a statement, Iger said, "There is more to accomplish before this transformative work is complete." He also mentioned that the board is actively conducting interviews with both internal and external CEO candidates.</p>

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The board of directors at Walt Disney has decided to extend the contract of CEO Robert Iger by two years, signaling their confidence in his leadership as the company faces long-term challenges in its film and television businesses.

The board of directors at Walt Disney has decided to extend the contract of CEO Robert Iger by two years, signaling their confidence in his leadership as the company faces long-term challenges in its film and television businesses. The decision aims to ensure continuity of leadership during Disney's ongoing transformation, the board said in a statement. Iger retired in 2021 but returned as CEO in November 2022, committing to a two-year term to revitalise the business and find a more permanent replacement after the departure of Bob Chapek, Iger's chosen successor. Challenges in entertainment and media industry Iger's extended tenure comes at a time when the entertainment and media industry is undergoing significant transitions. Also Read | Alarming warning from WHO: Bird flu poses increased risk of adapting to humans The streaming video business, once hailed as the future of media, continues to generate losses. Additionally, weak box office performances of high-profile titles have posed challenges to Iger's efforts to rejuvenate the company. Furthermore, the television business is grappling with long-term declines in audience numbers, a trend that appears to be irreversible. Also Read | India backs Pakistan’s resolution at UN condemning Quran burning protests To mitigate costs, Disney announced in February its plans to cut 7,000 jobs as part of a major overhaul aimed at saving $5.5 billion. Terms of Iger's contract Under the terms of his contract extension, Iger has the opportunity to receive an annual incentive bonus of five times his base salary. In his previous contract, he was estimated to earn $27 million per year in total compensation. Watch | Kenya on the boil as protests erupt against tax hikes × Following the announcement, Disney's shares saw a slight increase in after-hours trading. In a statement, Iger said, "There is more to accomplish before this transformative work is complete." He also mentioned that the board is actively conducting interviews with both internal and external CEO candidates. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

Disney extends CEO Robert Iger's contract by two years amid business challenges

<p>Twitter CEO Linda Yaccarino took to the platform Tuesday to defend the recent temporary cap on the number of tweets users can read in a day. The move, announced on July 1 by owner Elon Musk, received significant criticism from users and marketing professionals.&nbsp;</p>

<p>Yaccarino tweeted that "big moves" are necessary to strengthen the platform, emphasising Twitter's mission. This was her first public comment regarding the limitations, which Musk implemented to discourage excessive data scraping and system manipulation. "When you have a mission like Twitter -- you need to make big moves to keep strengthening the platform," Yaccarino said in the tweet.&nbsp;</p>

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<p dir="ltr" lang="en">When you have a mission like Twitter -- you need to make big moves to keep strengthening the platform. This work is meaningful and on-going. Here’s more insight on our work to ensure the authenticity of our user base. 👇 <a href="https://t.co/5FzBa3636Z">https://t.co/5FzBa3636Z</a></p>
— Linda Yaccarino (@lindayacc) <a href="https://twitter.com/lindayacc/status/1676278773757485064?ref_src=twsrc%5Etfw">July 4, 2023</a></blockquote>
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<p>Since the announcement, Twitter users have shared screenshots demonstrating their inability to view any tweets, including those of corporate advertisers, once they hit the limit. Marketing professionals expressed concerns that this limitation could undermine Yaccarino's efforts to attract advertisers to the platform.</p>

<p>Also Read | <a href="https://www.wionews.com/world/discovery-of-cocaine-in-white-house-library-prompts-secret-service-investigation-611984">Discovery of cocaine in White House library prompts secret service investigation</a></p>

<p>According to a tweet by Elon Musk on Saturday, verified Twitter accounts were restricted to reading 6,000 posts per day, while unverified accounts had a limit of 600 posts per day. Additionally, new and unverified accounts faced an even lower limit of 300 posts.&nbsp;</p>

<p>Also Read | <a href="https://www.wionews.com/world/israeli-military-is-completing-mission-in-west-bank-says-pm-netanyahu-death-toll-in-jenin-rises-to-11-611977">Israeli military is ‘completing mission’ in West Bank, says PM Netanyahu; death toll in Jenin rises to 11</a></p>

<p>However, approximately two hours later, Musk tweeted again, announcing that the rate limits would soon increase to 8,000 for verified accounts, 800 for unverified accounts, and 400 for new unverified accounts. In a suspected playful remark regarding the uproar on Twitter, Musk stated that the rate limits were imposed due to the extensive reading of posts about rate limits. Notably, less than an hour later, Musk posted another tweet raising the limits to 10,000 for verified, 1,000 for unverified and 500 for new unverified users.</p>

<h2><strong>Twitter's response</strong>&nbsp;</h2>

<p>Twitter addressed the concerns, stating that only a small percentage of users have been affected by the limitations. The company further explained that these extreme measures are necessary to combat spam and bots, ensuring the authenticity of the user base.&nbsp;</p>

<p><strong>WATCH | Gravitas: Russia says Ukraine attacked Moscow with 5 drones</strong></p>

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<p>In a blog post, Twitter reiterated its commitment to maintaining a secure and reliable platform. "Currently, the restrictions affect a small percentage of people using the platform, and we will provide an update when the work is complete," the blog post said regarding the reading limits.&nbsp;</p>

<h2><strong>New competition from Meta&nbsp;</strong></h2>

<p>Meta Platforms (formerly known as Facebook) announced its plans to launch a microblogging app called Threads. This direct challenge to Twitter comes after Elon Musk acquired the company for $44 billion in 2022. The move highlights the intensified competition in the social media space.</p>

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Twitter CEO Linda Yaccarino took to the platform Tuesday to defend the recent temporary cap on the number of tweets users can read in a day. The move, announced on July 1 by owner Elon Musk, received significant criticism from users and marketing professionals.

Twitter CEO Linda Yaccarino took to the platform Tuesday to defend the recent temporary cap on the number of tweets users can read in a day. The move, announced on July 1 by owner Elon Musk, received significant criticism from users and marketing professionals. Yaccarino tweeted that "big moves" are necessary to strengthen the platform, emphasising Twitter's mission. This was her first public comment regarding the limitations, which Musk implemented to discourage excessive data scraping and system manipulation. "When you have a mission like Twitter -- you need to make big moves to keep strengthening the platform," Yaccarino said in the tweet. When you have a mission like Twitter -- you need to make big moves to keep strengthening the platform. This work is meaningful and on-going. Here’s more insight on our work to ensure the authenticity of our user base. 👇 https://t.co/5FzBa3636Z — Linda Yaccarino (@lindayacc) July 4, 2023 × Since the announcement, Twitter users have shared screenshots demonstrating their inability to view any tweets, including those of corporate advertisers, once they hit the limit. Marketing professionals expressed concerns that this limitation could undermine Yaccarino's efforts to attract advertisers to the platform. Also Read | Discovery of cocaine in White House library prompts secret service investigation According to a tweet by Elon Musk on Saturday, verified Twitter accounts were restricted to reading 6,000 posts per day, while unverified accounts had a limit of 600 posts per day. Additionally, new and unverified accounts faced an even lower limit of 300 posts. Also Read | Israeli military is ‘completing mission’ in West Bank, says PM Netanyahu; death toll in Jenin rises to 11 However, approximately two hours later, Musk tweeted again, announcing that the rate limits would soon increase to 8,000 for verified accounts, 800 for unverified accounts, and 400 for new unverified accounts. In a suspected playful remark regarding the uproar on Twitter, Musk stated that the rate limits were imposed due to the extensive reading of posts about rate limits. Notably, less than an hour later, Musk posted another tweet raising the limits to 10,000 for verified, 1,000 for unverified and 500 for new unverified users. Twitter's response Twitter addressed the concerns, stating that only a small percentage of users have been affected by the limitations. The company further explained that these extreme measures are necessary to combat spam and bots, ensuring the authenticity of the user base. WATCH | Gravitas: Russia says Ukraine attacked Moscow with 5 drones × In a blog post, Twitter reiterated its commitment to maintaining a secure and reliable platform. "Currently, the restrictions affect a small percentage of people using the platform, and we will provide an update when the work is complete," the blog post said regarding the reading limits. New competition from Meta Meta Platforms (formerly known as Facebook) announced its plans to launch a microblogging app called Threads. This direct challenge to Twitter comes after Elon Musk acquired the company for $44 billion in 2022. The move highlights the intensified competition in the social media space. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

Twitter CEO defends tweet-reading limit. Here's what she said about the controversial move

Morgan Stanley's board will focus on the selection of CEO James Gorman's successor at its summer and fall meetings, a person familiar with the situation said, while the outgoing boss looks to clear the decks by resolving major regulatory matters.

Morgan Stanley board considers next CEO while Gorman clears the decks

Former Nissan chairman Carlos Ghosn who fled Japan and filed a lawsuit against the carmaker in Lebanon. The international fugitive is currently in Beirut as he faces arrest in japan. But this story is about his $1 billion claims on charges that he was wrongly prosecuted.

Nissan vs former CEO: A billion-dollar lawsuit

Let's move on now to our regular segment to look at how foreign media has been covering some of the top news stories coming out of India. The Economist had a lot on India-American relationships and what's going to be happening when Prime Minister Modi goes there. But also a big article in The Economist on how India has overtaken China as the country with the largest diaspora in the world with approximately 18 million individuals. Well, obviously the foreign media piece that got the most amount of attention including back in India was the American YouTube channel Breaking Points. In its interview with Jack Dorsey which is where Twitter co-founder Jack Dorsey accused the Indian government of censorship and making threats during his time as CEO.

Jack Dorsey on RFK Jr. Elon Musk, AI regulation | Breaking Points

<p>Newly-appointed Twitter CEO Linda Yaccarino expressed her excitement to contribute to the platform's transformation and how owner Elon Musk's vision for a better future has motivated her.&nbsp;In a tweet on Saturday,&nbsp;Yaccarino wrote,&nbsp;"I've long been inspired by [Musk's] vision to create a brighter future. I'm excited to help bring this vision to Twitter and transform this business together!"</p>

<p>It was Yaccarino's first public statement since it was revealed on Thursday that she was in discussions to be the next CEO of Twitter. Musk, who has been Twitter's CEO since purchasing the company for $44 billion in October, made the announcement of her hiring on Friday.</p>

<p>Also Read | <a href="https://www.wionews.com/world/thai-voting-begins-will-rule-of-conservative-military-backed-pm-to-maintain-power-592156">Thailand voting begins, will conservative military-backed PM maintain power?</a></p>

<p>Yaccarino affirmed her dedication to Twitter's future and stressed the need for feedback in creating Twitter 2.0. She will take over a social media site that has been struggling to recover from a decline in ad income and is drowning in problems and debt.</p>

<p>Since Musk purchased Twitter, advertisers have abandoned the service out of fear that their advertisements would be shown next to offensive content because the firm laid off over 80% of its workers. Earlier this year, Musk recognised the dramatic drop in Twitter's ad revenue.</p>

<p>The appointment of Yaccarino as Twitter's new CEO, according to Musk, who is also the CEO of Tesla, will allow him to spend more time working at the electric vehicle company.</p>

<p>Linda Yaccarino was advertising chief for Comcast Corp's NBCUniversal. She was responsible for driving revenue growth and overseeing advertising sales for all of NBCUniversal's properties, including broadcast, cable, and digital platforms.</p>

<p>Also Read| <a href="https://www.wionews.com/india-news/pakistani-held-in-biggest-drug-bust-in-india-crystal-meth-worth-145-bn-seized-592189">In India's biggest drug bust, crystal meth worth $1.45bn seized from Kerala coast, Pakistani held</a></p>

<p>Prior to joining NBCUniversal, she worked at Turner Broadcasting System, where she held various positions, including Executive Vice President of Ad Sales and Marketing.</p>

<p>During her tenure at NBCUniversal, Yaccarino has been recognised as one of the most powerful women in media by Forbes and has been credited with helping to transform the company's advertising business by embracing new technologies and developing innovative ad formats.&nbsp;</p>

<p><strong>Watch | Mother's Day Special: Sarah Todd shares easy cooking tips for busy parents</strong></p>

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<p>She has also been a vocal advocate for diversity and inclusion in the media industry.</p>

<p>Yaccarino is a graduate of the State University of New York at Plattsburgh, where she earned a Bachelor of Science degree in Marketing and Management.&nbsp;</p>

<p>According to market research company Sensor Tower, the top 50 Twitter advertisers&nbsp;spent a total of $83 million over the last two months, down from $102 million in the same period last year.</p>

<p>Insider Intelligence, a research group, slashed its prediction for Twitter's worldwide ad income this year by 37% to $2.98 billion this week. That would be a 28% decrease from Twitter's $4.14 billion in ad revenue for 2022.</p>

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Newly-appointed Twitter CEO Linda Yaccarino expressed her excitement to contribute to the platform's transformation and how owner Elon Musk's vision for a better future has motivated her.

Newly-appointed Twitter CEO Linda Yaccarino expressed her excitement to contribute to the platform's transformation and how owner Elon Musk's vision for a better future has motivated her. In a tweet on Saturday, Yaccarino wrote, "I've long been inspired by [Musk's] vision to create a brighter future. I'm excited to help bring this vision to Twitter and transform this business together!" It was Yaccarino's first public statement since it was revealed on Thursday that she was in discussions to be the next CEO of Twitter. Musk, who has been Twitter's CEO since purchasing the company for $44 billion in October, made the announcement of her hiring on Friday. Also Read | Thailand voting begins, will conservative military-backed PM maintain power? Yaccarino affirmed her dedication to Twitter's future and stressed the need for feedback in creating Twitter 2.0. She will take over a social media site that has been struggling to recover from a decline in ad income and is drowning in problems and debt. Since Musk purchased Twitter, advertisers have abandoned the service out of fear that their advertisements would be shown next to offensive content because the firm laid off over 80% of its workers. Earlier this year, Musk recognised the dramatic drop in Twitter's ad revenue. The appointment of Yaccarino as Twitter's new CEO, according to Musk, who is also the CEO of Tesla, will allow him to spend more time working at the electric vehicle company. Linda Yaccarino was advertising chief for Comcast Corp's NBCUniversal. She was responsible for driving revenue growth and overseeing advertising sales for all of NBCUniversal's properties, including broadcast, cable, and digital platforms. Also Read| In India's biggest drug bust, crystal meth worth $1.45bn seized from Kerala coast, Pakistani held Prior to joining NBCUniversal, she worked at Turner Broadcasting System, where she held various positions, including Executive Vice President of Ad Sales and Marketing. During her tenure at NBCUniversal, Yaccarino has been recognised as one of the most powerful women in media by Forbes and has been credited with helping to transform the company's advertising business by embracing new technologies and developing innovative ad formats. Watch | Mother's Day Special: Sarah Todd shares easy cooking tips for busy parents × She has also been a vocal advocate for diversity and inclusion in the media industry. Yaccarino is a graduate of the State University of New York at Plattsburgh, where she earned a Bachelor of Science degree in Marketing and Management. According to market research company Sensor Tower, the top 50 Twitter advertisers spent a total of $83 million over the last two months, down from $102 million in the same period last year. Insider Intelligence, a research group, slashed its prediction for Twitter's worldwide ad income this year by 37% to $2.98 billion this week. That would be a 28% decrease from Twitter's $4.14 billion in ad revenue for 2022. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. ×

Inspired by Musk, excited to transform Twitter: New CEO Linda Yaccarino

<p>Vodafone Group Plc has announced Margherita Della Valle, a 29-year veteran of the company, as its next Chief Executive Officer. The appointment comes as a surprise, as many speculated that the struggling company would choose an outsider for the first time, media reports noted.&nbsp;</p>

<p>Della Valle began her career as one of the first employees of Italian telecom startup Omnitel, which was acquired by Vodafone in 2001. After the takeover, she rose through the ranks, serving as Chief Financial Officer for Europe, Group Financial Controller, Deputy CFO, and CFO.</p>

<p><strong>Dawn of a new leadership</strong></p>

<p>During her tenure, Della Valle implemented cost-saving measures which saved billions of euros and oversaw the carve-out, listing, and sale of Vantage Towers, the company's mobile mast business. In January, she became interim CEO after Nick Read was ousted without a replacement lined up.&nbsp;</p>

<p>Reuters said her significant backers included institutional investors such as Emirates Investment Authority, which has a 14.6 percent stake. Reuters reported in December 2022 that Read, her immediate predecessor, had hoped to consolidate Europe's fragmented telecom markets but struggled to put intention into action.&nbsp;</p>

<p>According to a Moneycontrol report, investors' dissatisfaction was reflected in the company's share price falling by 45 percent during his four-year tenure.&nbsp;</p>

<p>Following his departure, some investors and analysts felt that the group needed an outsider to shake things up.</p>

<p>Berenberg analysts stated in January that investors would view Della Valle as a 'continuity' appointment.&nbsp;The company, however, said that it completed a thorough internal and external search before hiring the Della Valle, who has served as the CFO since 2018.</p>

<p>Since assuming the role of CEO on an interim basis in January this year, Della Valle has taken swift action to address the company's challenges. She has already cut hundreds of jobs at the company's London headquarters, as part of her cost-cutting drive.&nbsp;</p>


Vodafone Group Plc has announced Margherita Della Valle, a 29-year veteran of the company, as its next Chief Executive Officer. The appointment comes as a surprise, as many speculated that the struggling company would choose an outsider for the first time, media reports noted.

Vodafone Group Plc has announced Margherita Della Valle, a 29-year veteran of the company, as its next Chief Executive Officer. The appointment comes as a surprise, as many speculated that the struggling company would choose an outsider for the first time, media reports noted. Della Valle began her career as one of the first employees of Italian telecom startup Omnitel, which was acquired by Vodafone in 2001. After the takeover, she rose through the ranks, serving as Chief Financial Officer for Europe, Group Financial Controller, Deputy CFO, and CFO. Dawn of a new leadership During her tenure, Della Valle implemented cost-saving measures which saved billions of euros and oversaw the carve-out, listing, and sale of Vantage Towers, the company's mobile mast business. In January, she became interim CEO after Nick Read was ousted without a replacement lined up. Reuters said her significant backers included institutional investors such as Emirates Investment Authority, which has a 14.6 percent stake. Reuters reported in December 2022 that Read, her immediate predecessor, had hoped to consolidate Europe's fragmented telecom markets but struggled to put intention into action. According to a Moneycontrol report, investors' dissatisfaction was reflected in the company's share price falling by 45 percent during his four-year tenure. Following his departure, some investors and analysts felt that the group needed an outsider to shake things up. Berenberg analysts stated in January that investors would view Della Valle as a 'continuity' appointment. The company, however, said that it completed a thorough internal and external search before hiring the Della Valle, who has served as the CFO since 2018. Since assuming the role of CEO on an interim basis in January this year, Della Valle has taken swift action to address the company's challenges. She has already cut hundreds of jobs at the company's London headquarters, as part of her cost-cutting drive.

Vodafone appoints Margherita Della Valle as CEO

<p>Twitter's owner Elon Musk on Friday officially announced Linda Yaccarino as the new CEO of the social media platform.&nbsp;</p>

<p>Taking to Twitter to officially announce Linda's joining, Musk stated, "I am excited to welcome Linda Yaccarino as the new CEO of Twitter! @LindaYacc will focus primarily on business operations, while I focus on product design &amp; new technology. Looking forward to working with Linda to transform this platform into X, the everything app."&nbsp;</p>

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<p dir="ltr" lang="en">I am excited to welcome Linda Yaccarino as the new CEO of Twitter!<a href="https://twitter.com/lindayacc?ref_src=twsrc%5Etfw">@LindaYacc</a> will focus primarily on business operations, while I focus on product design &amp; new technology.<br />
<br />
Looking forward to working with Linda to transform this platform into X, the everything app. <a href="https://t.co/TiSJtTWuky">https://t.co/TiSJtTWuky</a></p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1657050349608501249?ref_src=twsrc%5Etfw">May 12, 2023</a></blockquote>
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<p>It is interesting to note that even though Linda Yaccarino will be the new CEO, Musk will still continue to handle Twitter's product design and new technology. “My role will transition to being exec chair &amp; CTO, overseeing product, software and sysops," Musk had earlier tweeted.</p>

<p><strong>ALSO READ |</strong>&nbsp;<a href="https://www.wionews.com/technology/who-is-linda-yaccarino-someone-foolish-enough-who-may-become-new-twitter-ceo-replacing-elon-musk-591494">Who is Linda Yaccarino? Is she 'someone foolish enough' that Elon Musk has found as Twitter CEO?</a></p>

<p>Meanwhile, newly appointed CEO Yaccarino will primarily focus on business operations.&nbsp;</p>

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<p dir="ltr" lang="en">Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!<br />
<br />
My role will transition to being exec chair &amp; CTO, overseeing product, software &amp; sysops.</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1656748197308674048?ref_src=twsrc%5Etfw">May 11, 2023</a></blockquote>
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<p>On Thursday, Musk had stated that he has found a new CEO for the microblogging platform. He had stated that she will start working in around six weeks. However, Musk had not named the candidate in the earlier tweet. A report by Wall Street Journal had hinted that NBCUniversal executive Linda Yaccarino was in talks with Musk for the top job.&nbsp;</p>

<p>The new change comes at a time when Musk had announced that he will be reducing the time he has been devoting to Twitter and will eventually appoint someone to run the social media platform.&nbsp;</p>

<p>The move appears to be aimed at reducing the concerns of Tesla investors who have been lately worried about the time Musk has been dedicating to running Twitter. After the announcement of the new CEO, the shares of Tesla increased by 2.4 per cent.&nbsp;</p>

<p>Musk had bought Twitter in October 2022 for $44 billion and indicated that he will remain in charge of the platform for a limited time to complete the organisational overhaul which he believed was needed for the company to grow.&nbsp;</p>

<p><strong>WATCH | Elon Musk launches new AI start up</strong></p>

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<p>In December, Musk had asked his followers on Twitter if he should step down from the position of CEO, and 57.5 per cent had responded with a 'yes'. The billionaire had stated that he will remain executive chairman after the transition.</p>

<p>After taking over the microblogging platform in October, Musk had fired various top executives which included Twitter's CEO Parag Agrawal and reduced the staff of the company to half by November.&nbsp;</p>

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Twitter's owner Elon Musk on Friday officially announced Linda Yaccarino as the new CEO of the social media platform. Taking to Twitter to officially announce Linda's joining, Musk stated, "I am excited to welcome Linda Yaccarino as the new CEO of Twitter!

Twitter's owner Elon Musk on Friday officially announced Linda Yaccarino as the new CEO of the social media platform. Taking to Twitter to officially announce Linda's joining, Musk stated, "I am excited to welcome Linda Yaccarino as the new CEO of Twitter! @LindaYacc will focus primarily on business operations, while I focus on product design & new technology. Looking forward to working with Linda to transform this platform into X, the everything app." I am excited to welcome Linda Yaccarino as the new CEO of Twitter!@LindaYacc will focus primarily on business operations, while I focus on product design & new technology. Looking forward to working with Linda to transform this platform into X, the everything app. https://t.co/TiSJtTWuky — Elon Musk (@elonmusk) May 12, 2023 × It is interesting to note that even though Linda Yaccarino will be the new CEO, Musk will still continue to handle Twitter's product design and new technology. “My role will transition to being exec chair & CTO, overseeing product, software and sysops," Musk had earlier tweeted. ALSO READ | Who is Linda Yaccarino? Is she 'someone foolish enough' that Elon Musk has found as Twitter CEO? Meanwhile, newly appointed CEO Yaccarino will primarily focus on business operations. Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks! My role will transition to being exec chair & CTO, overseeing product, software & sysops. — Elon Musk (@elonmusk) May 11, 2023 × On Thursday, Musk had stated that he has found a new CEO for the microblogging platform. He had stated that she will start working in around six weeks. However, Musk had not named the candidate in the earlier tweet. A report by Wall Street Journal had hinted that NBCUniversal executive Linda Yaccarino was in talks with Musk for the top job. The new change comes at a time when Musk had announced that he will be reducing the time he has been devoting to Twitter and will eventually appoint someone to run the social media platform. The move appears to be aimed at reducing the concerns of Tesla investors who have been lately worried about the time Musk has been dedicating to running Twitter. After the announcement of the new CEO, the shares of Tesla increased by 2.4 per cent. Musk had bought Twitter in October 2022 for $44 billion and indicated that he will remain in charge of the platform for a limited time to complete the organisational overhaul which he believed was needed for the company to grow. WATCH | Elon Musk launches new AI start up In December, Musk had asked his followers on Twitter if he should step down from the position of CEO, and 57.5 per cent had responded with a 'yes'. The billionaire had stated that he will remain executive chairman after the transition. After taking over the microblogging platform in October, Musk had fired various top executives which included Twitter's CEO Parag Agrawal and reduced the staff of the company to half by November. You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here. WATCH WION LIVE HERE

It’s official: Musk announces Linda Yaccarino as new Twitter CEO; Tesla shares rise

Telecom giant Vodafone has a new CEO. Margherita Della Valle, a Vodafone veteran of over 29 years, will take over from Nick Read. Della Valle's appointment has defied speculations that the new CEO may be an outsider.

Vodafone gets a new CEO

Amazon, a major digital company, has started its third wave of layoffs. The most recent round of layoffs, which affected personnel in its cloud computing and human resources departments, came a month after Amazon CEO Andy Jassy revealed the business would fire 9,000 workers.

Layoffs at Amazon: Cloud computing and human resources department impacted

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