<p>The International Cricket Council's (ICC) chief executive officer Geoff Allardice has said that the world body of the sport is planning to bring in parity in prize money for men's and women's tournaments from 2024 to 2031.<br />
<br />
"One of the things that we did at the start of the cycle was we projected through this event cycle -- most of the ICC's finances are done with an eight-year view -- and what we've been trying to do over this cycle is bridge the gap between the women's prize money and the men's prize money," Allardice was quoted as saying by ESPNcricinfo.com.<br />
<br />
The ICC's chief executive made the statement when asked about the difference in the prize money of men's and women's World Cups.</p>

<p><strong>ALSO READ:&nbsp;</strong><a href="https://www.wionews.com/sports/bcci-announces-release-of-invitation-to-tender-for-media-rights-to-indian-premier-league-seasons-2023-2027-466702">BCCI invites bids for media rights of Indian Premier League seasons 2023-2027</a><br />
<br />
"We are about to start discussions around the next cycle and one of the starting points for that discussion is going to be trying to get parity for the finishing positions of teams in women's events and comparable men's events. So we're not there yet, but we're on the journey to getting towards prize money parity," he said.<br />
<br />
Allardice hailed the standard of play and blueprinted the future of women's cricket through global events in a press conference at the Basin Reserve in Wellington ahead of the World Cup semi-finals.</p>

<p><strong>ALSO READ:&nbsp;</strong><a href="https://www.wionews.com/sports/womens-odi-rankings-laura-wolvaardt-become-no1-batter-after-world-cup-heroics-mithali-raj-rises-to-6th-466680">Women's ODI Rankings: Laura Wolvaardt become No.1 batter after World Cup heroics, Mithali Raj rises to 6th</a><br />
<br />
"The competitiveness of cricket has been a joy to watch and the strides the teams have taken forward over the last five years or so, in the standard of play and the excitement of the tournament, I think is something that needs to be commented upon. The number of close finishes, as cricket fans you sit there glued to your seat," he said.<br />
<br />
"To get down to the last ball of the group stage before the semi-finalists were confirmed, I think it is a great endorsement of the standard of play," Allardice said.</p>


The International Cricket Council's (ICC) chief executive officer Geoff Allardice has said that the world body of the sport is planning to bring in parity in prize money for men's and women's tournaments from 2024 to 2031.

The International Cricket Council's (ICC) chief executive officer Geoff Allardice has said that the world body of the sport is planning to bring in parity in prize money for men's and women's tournaments from 2024 to 2031. "One of the things that we did at the start of the cycle was we projected through this event cycle -- most of the ICC's finances are done with an eight-year view -- and what we've been trying to do over this cycle is bridge the gap between the women's prize money and the men's prize money," Allardice was quoted as saying by ESPNcricinfo.com. The ICC's chief executive made the statement when asked about the difference in the prize money of men's and women's World Cups. ALSO READ: BCCI invites bids for media rights of Indian Premier League seasons 2023-2027 "We are about to start discussions around the next cycle and one of the starting points for that discussion is going to be trying to get parity for the finishing positions of teams in women's events and comparable men's events. So we're not there yet, but we're on the journey to getting towards prize money parity," he said. Allardice hailed the standard of play and blueprinted the future of women's cricket through global events in a press conference at the Basin Reserve in Wellington ahead of the World Cup semi-finals. ALSO READ: Women's ODI Rankings: Laura Wolvaardt become No.1 batter after World Cup heroics, Mithali Raj rises to 6th "The competitiveness of cricket has been a joy to watch and the strides the teams have taken forward over the last five years or so, in the standard of play and the excitement of the tournament, I think is something that needs to be commented upon. The number of close finishes, as cricket fans you sit there glued to your seat," he said. "To get down to the last ball of the group stage before the semi-finalists were confirmed, I think it is a great endorsement of the standard of play," Allardice said.

ICC planning to bring parity in prize money for men's and women's events, says CEO Geoff Allardice

<p>Indian American Raj Subramaniam has been appointed to head the US multinational courier delivery giant FedEx, as he joins the growing list of Indian origin executives taking charge of an iconic American company.</p>

<p>Subramanian will succeed Frederick W Smith, chairman and CEO, who will step down from this position on June 1, 2022. &nbsp;FedEx has 600,000 employees across the globe.</p>

<p>Smith, who had founded FedEx in 1971, will now be the company’s executive chairman.</p>

<p>Subramaniam was elected to the FedEx Board of Directors in 2020 and will maintain his seat on the Board, the company said.</p>

<p>"As we look toward what's next, I have a great sense of satisfaction that a leader of the calibre of Raj Subramaniam will take FedEx into a very successful future," Smith said in a statement.</p>

<p>"In his new role, I look forward to focusing on board governance as well as issues of global importance, including sustainability, innovation, and public policy,” he added.</p>

<p><strong>Who is Raj Subramaniam?</strong></p>

<p>Subramaniam is from Kerala’s Thiruvananthapuram and now lives in Memphis, Tennessee – FedEx’s global headquarters.</p>

<p>The 56-year-old has a bachelor’s degree in chemical engineering from IIT Bombay, a master’s degree in chemical engineering from Syracuse University, and an MBA from The University of Texas at Austin.</p>

<p>Subramaniam joined FedEx in 1991. He served FedEx Corp as its President and Chief Operating Officer. He has held various other leadership roles in the company such as the Executive Vice President and Chief Marketing and Communications Officer.</p>

<p>Prior to his role as president and Chief Operating Officer of FedEx Corp, Subramaniam was the president and CEO of FedEx Express - the world's largest express transportation company.</p>


Indian American Raj Subramaniam has been appointed to head the US multinational courier delivery giant FedEx, as he joins the growing list of Indian origin executives taking charge of an iconic American company.

Indian American Raj Subramaniam has been appointed to head the US multinational courier delivery giant FedEx, as he joins the growing list of Indian origin executives taking charge of an iconic American company. Subramanian will succeed Frederick W Smith, chairman and CEO, who will step down from this position on June 1, 2022. FedEx has 600,000 employees across the globe. Smith, who had founded FedEx in 1971, will now be the company’s executive chairman. Subramaniam was elected to the FedEx Board of Directors in 2020 and will maintain his seat on the Board, the company said. "As we look toward what's next, I have a great sense of satisfaction that a leader of the calibre of Raj Subramaniam will take FedEx into a very successful future," Smith said in a statement. "In his new role, I look forward to focusing on board governance as well as issues of global importance, including sustainability, innovation, and public policy,” he added. Who is Raj Subramaniam? Subramaniam is from Kerala’s Thiruvananthapuram and now lives in Memphis, Tennessee – FedEx’s global headquarters. The 56-year-old has a bachelor’s degree in chemical engineering from IIT Bombay, a master’s degree in chemical engineering from Syracuse University, and an MBA from The University of Texas at Austin. Subramaniam joined FedEx in 1991. He served FedEx Corp as its President and Chief Operating Officer. He has held various other leadership roles in the company such as the Executive Vice President and Chief Marketing and Communications Officer. Prior to his role as president and Chief Operating Officer of FedEx Corp, Subramaniam was the president and CEO of FedEx Express - the world's largest express transportation company.

Who is Raj Subramaniam, FedEx's new Indian American CEO?

Elon Musk and Tesla have accused the US Securities and Exchange Commission (SEC) of endless and unrelenting harassment. The accusation came in a letter to US District Judge Alison Nathan in Manhattan.

Tesla and Elon Musk accuses US Securities and Exchange for 'unrelenting' harassment

<p>Twitter CEO Parag Aggarwal is taking some time off from work for paternity leave after the birth of his second child. His leave was announced last week but it was not clear as to when it will begin.&nbsp;</p>

<p>According to a report by The Washington Post, Agrawal will take less than 20 weeks of paternity leave, which the company usually offers.&nbsp;</p>

<p>Laura Yagerman, the company’s head of corporate communications, while speaking to The Washington Post said, "At Twitter, we encourage and fully support employees taking parental leave in whatever way works best for each person."&nbsp;</p>

<p>She further added that the decision was “personal."</p>

<p><a href="https://www.wionews.com/world/18-billion-thats-how-much-governments-fund-every-year-to-human-extinction-and-climate-change-454012"><strong>Also read |&nbsp;$1.8 billion; that's how much governments contribute every year to human extinction &amp; climate change</strong></a></p>

<p>Laura highlighted that the company had designed a program that is “customisable” as it includes upto 20 weeks of “flexible” leaves.</p>

<p>Parag's decision to take leaves for childcare is being hailed by fellow dads.&nbsp;</p>

<p>Brenden Lee, of Twitter’s corporate communications department, in a post on LinkedIn, wrote, "Proud that Twitter and our CEO Parag Agrawal are leading the way here, ensuring ALL parents are able to take advantage of this most special time for their families."</p>

<p>Twitter’s chief financial officer, Ned Segal, in a tweet wrote, "Thank you @paraga for leading by example and taking paternity leave. I wish leaders did this when I was early in my career and becoming a father.”</p>

<p>As of now, there is no mention of an interim CEO who will take care of the company in his absence.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>


Twitter CEO Parag Aggarwal is taking some time off from work for paternity leave after the birth of his second child. His leave was announced last week but it was not clear as to when it will begin.

Twitter CEO Parag Aggarwal is taking some time off from work for paternity leave after the birth of his second child. His leave was announced last week but it was not clear as to when it will begin. According to a report by The Washington Post, Agrawal will take less than 20 weeks of paternity leave, which the company usually offers. Laura Yagerman, the company’s head of corporate communications, while speaking to The Washington Post said, "At Twitter, we encourage and fully support employees taking parental leave in whatever way works best for each person." She further added that the decision was “personal." Also read | $1.8 billion; that's how much governments contribute every year to human extinction & climate change Laura highlighted that the company had designed a program that is “customisable” as it includes upto 20 weeks of “flexible” leaves. Parag's decision to take leaves for childcare is being hailed by fellow dads. Brenden Lee, of Twitter’s corporate communications department, in a post on LinkedIn, wrote, "Proud that Twitter and our CEO Parag Agrawal are leading the way here, ensuring ALL parents are able to take advantage of this most special time for their families." Twitter’s chief financial officer, Ned Segal, in a tweet wrote, "Thank you @paraga for leading by example and taking paternity leave. I wish leaders did this when I was early in my career and becoming a father.” As of now, there is no mention of an interim CEO who will take care of the company in his absence. (With inputs from agencies)

Twitter CEO Parag to go for parental leave, decision appreciated by fellow dads

<p>Tesla CEO Elon Musk called US President Joe Biden as a “damp sock puppet in human form” after he was snubbed from a White House summit meeting of top business leaders, including the CEOs of General Motors and Ford.</p>

<p>Musk was riled up when Biden left out the name of Tesla in a Twitter post where he said, “Companies like GM and Ford are building more electric vehicles here at home than ever before.”</p>

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<p dir="ltr" lang="en">I meant it when I said the future was going to be made right here in America. Companies like GM and Ford are building more electric vehicles here at home than ever before. <a href="https://t.co/5E3ecA93MR">pic.twitter.com/5E3ecA93MR</a></p>
— President Biden (@POTUS) <a href="https://twitter.com/POTUS/status/1486494532007079937?ref_src=twsrc%5Etfw">January 27, 2022</a></blockquote>
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<p>Replying to Biden's Twitter post, Musk wrote the name of "Tesla" in all caps. In another tweet, he said, "Biden is a damp Socks puppet in human form."</p>

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<p dir="ltr" lang="en">Starts with a T<br />
Ends with an A<br />
ESL in the middle</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1486758032038113281?ref_src=twsrc%5Etfw">January 27, 2022</a></blockquote>
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<p>Musk also said that "Biden is treating the American public like fools".</p>

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<p dir="ltr" lang="en">Biden is a damp 🧦 puppet in human form</p>
— Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1486767109275328516?ref_src=twsrc%5Etfw">January 27, 2022</a></blockquote>
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<p>Biden's Twitter post came hours after he concluded&nbsp;his meeting with CEOs of General Motors and Ford at the White House, along with other business leaders to discuss his administration's “Build Back Better” legislation.</p>

<p>When asked why Tesla was not included in that event, White House press secretary Jen Psaki noted the three firms in attendance were “the three largest employers of the United Auto Workers” — an indication that Tesla was snubbed because its hourly employees aren’t unionized, reported the New York Post.</p>

<p>This is the second time that Musk was purposefully left out of the meeting.</p>

<p>Last year, Biden invited executives from these companies last year when signed an executive order with the goal of making all vehicles sold in the US electric by 2030.</p>

<p>Musk addressed Tesla’s exclusion from the electric vehicle summit at the Code Conference in California last September.</p>

<p>The billionaire noted that White House officials “didn’t mention Tesla once.”</p>

<p>He accused the Biden administration of being "a little biased" and "seems to be" controlled by unions.</p>

<p>(With inputs from agencies)</p>


Tesla CEO Elon Musk called US President Joe Biden as a “damp sock puppet in human form” after he was snubbed from a White House summit meeting of top business leaders, including the CEOs of General Motors and Ford.

Tesla CEO Elon Musk called US President Joe Biden as a “damp sock puppet in human form” after he was snubbed from a White House summit meeting of top business leaders, including the CEOs of General Motors and Ford. Musk was riled up when Biden left out the name of Tesla in a Twitter post where he said, “Companies like GM and Ford are building more electric vehicles here at home than ever before.” I meant it when I said the future was going to be made right here in America. Companies like GM and Ford are building more electric vehicles here at home than ever before. pic.twitter.com/5E3ecA93MR — President Biden (@POTUS) January 27, 2022 × Replying to Biden's Twitter post, Musk wrote the name of "Tesla" in all caps. In another tweet, he said, "Biden is a damp Socks puppet in human form." Starts with a T Ends with an A ESL in the middle — Elon Musk (@elonmusk) January 27, 2022 × Musk also said that "Biden is treating the American public like fools". Biden is a damp 🧦 puppet in human form — Elon Musk (@elonmusk) January 27, 2022 × Biden's Twitter post came hours after he concluded his meeting with CEOs of General Motors and Ford at the White House, along with other business leaders to discuss his administration's “Build Back Better” legislation. When asked why Tesla was not included in that event, White House press secretary Jen Psaki noted the three firms in attendance were “the three largest employers of the United Auto Workers” — an indication that Tesla was snubbed because its hourly employees aren’t unionized, reported the New York Post. This is the second time that Musk was purposefully left out of the meeting. Last year, Biden invited executives from these companies last year when signed an executive order with the goal of making all vehicles sold in the US electric by 2030. Musk addressed Tesla’s exclusion from the electric vehicle summit at the Code Conference in California last September. The billionaire noted that White House officials “didn’t mention Tesla once.” He accused the Biden administration of being "a little biased" and "seems to be" controlled by unions. (With inputs from agencies)

'Biden is a damp sock puppet’: Musk reacts angrily after White House CEO summit snub

<p data-changed="false" data-paragraphid="14">Rahul Gandhi, an Indian Opposition politician, has written to Twitter Inc.'s CEO, alleging that he is the target of an attempt to limit his ability to gain followers on the platform, casting new insight on the drastic drop in the growth of Twitter followers for many.&nbsp;&nbsp;</p>

<p data-changed="false" data-paragraphid="16">Gandhi revealed in a letter to Twitter CEO Parag Agrawal how his Twitter followers have decreased dramatically since August 2021.</p>

<p data-changed="false" data-paragraphid="17">Gandhi used the example of acquiring roughly 650,000 new followers in May 2021 to demonstrate how his Twitter account would attract an average of 8,000 to 10,000 new followers every day.</p>

<p data-changed="false" data-paragraphid="18">However, starting in August 2021, the number of new followers dropped to nearly zero.</p>

<p data-changed="false" data-paragraphid="19">Gandhi added that the reason for this, according to social media specialists, could be due to the topics he discussed on Twitter during these months.&nbsp;<br />
<br />
<em><strong>You can read the entire letter here:&nbsp;</strong></em></p>

<p data-changed="false" data-paragraphid="19"><img alt="You can read the entire letter here: " data-entity-type="file" data-entity-uuid="93ff71a7-7b2c-4c30-8da0-851701f1944f" src="//cdn.wionews.com/sites/default/files/inline-images/1_3.png" /></p>

<p data-changed="false" data-paragraphid="19"><img alt="You can read the entire letter here: " data-entity-type="file" data-entity-uuid="8264790e-c4a2-446c-bb44-4c505fc87387" src="//cdn.wionews.com/sites/default/files/inline-images/2_1.png" /></p>

<p data-changed="false" data-paragraphid="19"><img alt="You can read the entire letter here: " data-entity-type="file" data-entity-uuid="c77219be-0189-44ca-a4bb-8610b88b6fba" src="//cdn.wionews.com/sites/default/files/inline-images/3_0.png" /></p>

<p data-changed="false" data-paragraphid="20">Gandhi also claimed that his Twitter account was temporarily suspended for no apparent reason.</p>

<p data-changed="false" data-paragraphid="21">In August of last year, Rahul Gandhi's Twitter account, along with the accounts of roughly 5,000 other Congress officials and employees, was momentarily blocked for tweeting photographs of the parents of a juvenile rape and murder victim in Delhi.&nbsp;</p>

<p data-changed="false" data-paragraphid="22">According to ANI, a Twitter spokesperson claimed the follower counts are "meaningful" and "accurate."</p>

<p data-changed="false" data-paragraphid="23">"Twitter has zero-tolerance approach to platform manipulation and spam. We fight spam and malicious automation strategically and at scale with machine learning tools, and as part of those consistent and ongoing efforts to ensure a healthy service and credible accounts, follower counts can and do fluctuate," the spokesperson said.</p>

<p data-changed="false" data-paragraphid="24"><em>(With inputs from agencies)</em></p>


Rahul Gandhi, an Indian Opposition politician, has written to Twitter Inc.'s CEO, alleging that he is the target of an attempt to limit his ability to gain followers on the platform, casting new insight on the drastic drop in the growth of Twitter followers for many.

Rahul Gandhi, an Indian Opposition politician, has written to Twitter Inc.'s CEO, alleging that he is the target of an attempt to limit his ability to gain followers on the platform, casting new insight on the drastic drop in the growth of Twitter followers for many. Gandhi revealed in a letter to Twitter CEO Parag Agrawal how his Twitter followers have decreased dramatically since August 2021. Gandhi used the example of acquiring roughly 650,000 new followers in May 2021 to demonstrate how his Twitter account would attract an average of 8,000 to 10,000 new followers every day. However, starting in August 2021, the number of new followers dropped to nearly zero. Gandhi added that the reason for this, according to social media specialists, could be due to the topics he discussed on Twitter during these months. You can read the entire letter here: Gandhi also claimed that his Twitter account was temporarily suspended for no apparent reason. In August of last year, Rahul Gandhi's Twitter account, along with the accounts of roughly 5,000 other Congress officials and employees, was momentarily blocked for tweeting photographs of the parents of a juvenile rape and murder victim in Delhi. According to ANI, a Twitter spokesperson claimed the follower counts are "meaningful" and "accurate." "Twitter has zero-tolerance approach to platform manipulation and spam. We fight spam and malicious automation strategically and at scale with machine learning tools, and as part of those consistent and ongoing efforts to ensure a healthy service and credible accounts, follower counts can and do fluctuate," the spokesperson said. (With inputs from agencies)

Indian politician Rahul Gandhi is miffed that his Twitter following is not growing, writes to CEO

<p>Vishal Garg, CEO of Better.com who hit headlines for firing 900 employees over a Zoom call is returning to the company after a month-long break. CNN reported that the company's Board of Directors sent a letter to all employees on Tuesday saying that Garg will take up his "full-time duties" as CEO.</p>

<p>Garg hit international headlines in December 2021 after he fired 900 employees over a Zoon call.</p>

<p>"If you're on this call, you are part of the unlucky group that is being laid off," Garg had said. "Your employment here is terminated, effective immediately." The leaked footage of the Zoom call had gone viral.</p>

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<p dir="ltr" lang="en">Vishal Garg: “I wish I didn’t have to lay off 900 of you over a zoom call but I’m gonna lay y’all off right before the holidays lmfaooo”<a href="https://t.co/6bxPGTemEG">pic.twitter.com/6bxPGTemEG</a></p>
— litquidity (@litcapital) <a href="https://twitter.com/litcapital/status/1467594914556956672?ref_src=twsrc%5Etfw">December 5, 2021</a></blockquote>
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<p>He was then sent on leave by the company. The company, in latest letter to the employees, reportedly said that Garg used the break to "reflect on his leadership, reconnect with the values that make Better great and work closely with an executive coach."</p>

<p>The manner of laying off of the employees had caused a huge backlash following which Garg had apologised.</p>

<p>In addition to conveying the employees that Garg will return, the company also told them that a third-party firm had reviewed the company's work culture and that Better.com was implementing the changes to ensure a respectful work environment.</p>

<p>Better is valued at USD 6.9 billion. As per Bloomberg the company had plans to go public but major bad publicity garnered by Garg's actions last year resulted in postponement of the plans.</p>


Vishal Garg, CEO of Better.com who hit headlines for firing 900 employees over a Zoom call is returning to the company after a month-long break. CNN reported that the company's Board of Directors sent a letter to all employees on Tuesday saying that Garg will take up his "full-time duties" as CEO.

Vishal Garg, CEO of Better.com who hit headlines for firing 900 employees over a Zoom call is returning to the company after a month-long break. CNN reported that the company's Board of Directors sent a letter to all employees on Tuesday saying that Garg will take up his "full-time duties" as CEO. Garg hit international headlines in December 2021 after he fired 900 employees over a Zoon call. "If you're on this call, you are part of the unlucky group that is being laid off," Garg had said. "Your employment here is terminated, effective immediately." The leaked footage of the Zoom call had gone viral. Vishal Garg: “I wish I didn’t have to lay off 900 of you over a zoom call but I’m gonna lay y’all off right before the holidays lmfaooo”pic.twitter.com/6bxPGTemEG — litquidity (@litcapital) December 5, 2021 × He was then sent on leave by the company. The company, in latest letter to the employees, reportedly said that Garg used the break to "reflect on his leadership, reconnect with the values that make Better great and work closely with an executive coach." The manner of laying off of the employees had caused a huge backlash following which Garg had apologised. In addition to conveying the employees that Garg will return, the company also told them that a third-party firm had reviewed the company's work culture and that Better.com was implementing the changes to ensure a respectful work environment. Better is valued at USD 6.9 billion. As per Bloomberg the company had plans to go public but major bad publicity garnered by Garg's actions last year resulted in postponement of the plans.

Vishal Garg, CEO who fired 900 people on Zoom call to return, says company

<p>After a three-month trial, a jury has found fallen Silicon Valley star Elizabeth Holmes guilty of fraud. &nbsp;</p>

<p>Former Theranos CEO has been accused of turning her blood-testing startup into a sophisticated sham. She has allegedly duped billionaires and other unwitting investors into backing a seemingly revolutionary company, whose technology never worked as promised. &nbsp;</p>

<p><strong>Also Read:&nbsp;<a href="https://www.wionews.com/world/us-will-act-decisively-if-russia-invades-says-biden-in-phone-call-with-ukraine-president-442093" hreflang="en">US will act ‘decisively’ if Russia invades, says Biden in phone call with Ukraine President</a></strong></p>

<p>Holmes has been found guilty on two counts of wire fraud and two counts of conspiracy to commit fraud on Monday.&nbsp;&nbsp;</p>

<p>The decision was taken after seven days of deliberation. The trial of the 37-year-old woman featured dozens of witnesses, including Holmes herself and many exhibits. &nbsp;</p>

<p>The guilty now faces up to 20 years in prison for each count. &nbsp;&nbsp;</p>

<p><strong>Also Read:&nbsp;<a href="https://www.wionews.com/world/in-joint-statement-unsc-permanent-members-call-to-avoid-nuke-war-arms-spread-442087" hreflang="en">In joint statement, UNSC permanent members call to avoid nuke war, arms’ spread</a></strong></p>

<p>The jury seems to have deadlocked on the three remaining charges. The split verdicts are "a mixed bag for the prosecution, but it's a loss for Elizabeth Holmes because she is going away to prison for at least a few years," said David Ring, a lawyer following the Holmes case closely. &nbsp;</p>

<p>In the trial, the federal prosecutors provided testimony and evidence to show Holmes was a charlatan, who was obsessed with fame and fortune. &nbsp;</p>

<p><em>(With inputs from agencies)&nbsp;</em></p>


After a three-month trial, a jury has found fallen Silicon Valley star Elizabeth Holmes guilty of fraud. Former Theranos CEO has been accused of turning her blood-testing startup into a sophisticated sham.

After a three-month trial, a jury has found fallen Silicon Valley star Elizabeth Holmes guilty of fraud. Former Theranos CEO has been accused of turning her blood-testing startup into a sophisticated sham. She has allegedly duped billionaires and other unwitting investors into backing a seemingly revolutionary company, whose technology never worked as promised. Also Read: US will act ‘decisively’ if Russia invades, says Biden in phone call with Ukraine President Holmes has been found guilty on two counts of wire fraud and two counts of conspiracy to commit fraud on Monday. The decision was taken after seven days of deliberation. The trial of the 37-year-old woman featured dozens of witnesses, including Holmes herself and many exhibits. The guilty now faces up to 20 years in prison for each count. Also Read: In joint statement, UNSC permanent members call to avoid nuke war, arms’ spread The jury seems to have deadlocked on the three remaining charges. The split verdicts are "a mixed bag for the prosecution, but it's a loss for Elizabeth Holmes because she is going away to prison for at least a few years," said David Ring, a lawyer following the Holmes case closely. In the trial, the federal prosecutors provided testimony and evidence to show Holmes was a charlatan, who was obsessed with fame and fortune. (With inputs from agencies)

After a three-month trial, jury finds ex-Theranos CEO Elizabeth Holmes guilty of fraud

A new survey found that 48% of firms appointed three or more CEOs in the last decade. Has the pandemic brought down the average CEO tenure? Why are more and more CEOs quitting or getting fired? Palki Sharma tells you.

Gravitas: CEOs burning out during the pandemic

<p>Only passengers, who are vaccinated, should be allowed to board a plane, said Ryanair Holdings Plc’s Chief Executive Officer Michael O’Leary, as per a report by Telegraph. &nbsp;</p>

<p>The governments around the world should “make life difficult” for people, who are refusing to take the vaccines without any good reason, the European airline chief seems to have proposed in an interaction with the newspaper. &nbsp;</p>

<p><strong>Also Read:&nbsp;<a href="https://www.wionews.com/world/job-of-millennium-pub-landlord-cum-monarch-vacancy-is-up-for-grabs-in-uk-438687" hreflang="en">Job of millennium? Pub landlord-cum-monarch vacancy is up for grabs in UK</a></strong></p>

<p>“If you’re not vaccinated, you shouldn’t be allowed in the hospital, you shouldn’t be allowed to fly, you shouldn’t be allowed on the London Underground&nbsp;and you shouldn’t be allowed in the local supermarket or your pharmacy either,” O’Leary said. &nbsp;</p>

<p>According to the newspaper, O’Leary said that Ryanair is expecting to fly 10% few passengers in December due to the measures imposed to contain Omicron variant of coronavirus. &nbsp;</p>

<p>Several passengers will either cancel or hold off their trips due to the restrictions. &nbsp;</p>

<p><strong>Also Read:&nbsp;<a href="https://www.wionews.com/world/for-the-first-time-sales-of-electric-vehicles-beat-diesel-cars-in-europe-438795" hreflang="en">For the first time, sales of electric vehicles beat diesel cars in Europe</a></strong></p>

<p>The airline chief said that he also expects the first few months of the coming year to be weak due to the continued uncertainty over restrictions or if the new measures are imposed by different governments. &nbsp;&nbsp;</p>

<p>Commenting on the UK government,&nbsp;O’Leary&nbsp;said,&nbsp;“You get promoted around here for upsetting Johnson and his half-witted idiots.” &nbsp;&nbsp;</p>

<p><em>(With inputs from agencies)&nbsp;</em></p>


Only passengers, who are vaccinated, should be allowed to board a plane, said Ryanair Holdings Plc’s Chief Executive Officer Michael O’Leary, as per a report by Telegraph.

Only passengers, who are vaccinated, should be allowed to board a plane, said Ryanair Holdings Plc’s Chief Executive Officer Michael O’Leary, as per a report by Telegraph. The governments around the world should “make life difficult” for people, who are refusing to take the vaccines without any good reason, the European airline chief seems to have proposed in an interaction with the newspaper. Also Read: Job of millennium? Pub landlord-cum-monarch vacancy is up for grabs in UK “If you’re not vaccinated, you shouldn’t be allowed in the hospital, you shouldn’t be allowed to fly, you shouldn’t be allowed on the London Underground and you shouldn’t be allowed in the local supermarket or your pharmacy either,” O’Leary said. According to the newspaper, O’Leary said that Ryanair is expecting to fly 10% few passengers in December due to the measures imposed to contain Omicron variant of coronavirus. Several passengers will either cancel or hold off their trips due to the restrictions. Also Read: For the first time, sales of electric vehicles beat diesel cars in Europe The airline chief said that he also expects the first few months of the coming year to be weak due to the continued uncertainty over restrictions or if the new measures are imposed by different governments. Commenting on the UK government, O’Leary said, “You get promoted around here for upsetting Johnson and his half-witted idiots.” (With inputs from agencies)

Ryanair CEO for allowing only vaccinated passengers to fly, says report

<p class="MsoNormal">The CEO of a digital mortgage firm recently became highly infamous due to his one Zoom call in which he fired 900 employees. Now, that leader is “taking time off”.<o:p></o:p></p>

<p class="MsoNormal">Vishal Garg quickly became infamous on the internet due to his one video in which he got nearly 900 of his employees on a Zoom video call and fired all of them while accusing them of ‘stealing from the company'.<o:p></o:p></p>

<p class="MsoNormal">"I come to you with not great news. The market has changed and we have to move with it in order to survive, so that hopefully, we can thrive and hopefully, deliver on our mission, " he said as he began the grim announcement. "If you’re on this call, you are part of the unlucky group that is being laid off."</p>

<p class="MsoNormal"><o:p><strong>Also read |&nbsp;<a href="https://www.wionews.com/technology/i-embarrassed-you-bettercom-ceo-apologises-for-laying-off-900-via-zoom-call-435001">'I embarrassed you': Better.com CEO apologises for laying off 900 via zoom call</a></strong></o:p></p>

<p class="MsoNormal">However, now it is being reported that Garg is "taking time off effective immediately" while the company’s top layer takes time to reanalyse the leadership and culture. The company’s board of directors, too, have sent a letter to employees assuring that the company will take all needed and possible measures to bring the company out of any possible danger. <o:p></o:p></p>

<p class="MsoNormal">An outside firm will also be brought in to "do a leadership and cultural assessment." The leadership has assured that the assessment of this third party will be "taken into account to build a long-term sustainable and positive culture at Better".8<o:p></o:p></p>

<p class="MsoNormal">While Garg takes some time off "given the very regrettable events over the last week", CFO Kevin Ryan will step into the shoes of the CEO on an interim basis.</p>

<p class="MsoNormal"><o:p><a href="https://www.wionews.com/videos/gravitas-ceo-fires-900-people-on-zoom-call-434726"><strong>WATCH |</strong></a></o:p></p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-ceo-fires-900-people-on-zoom-call-434726/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p class="MsoNormal">Meanwhile, the board of directors have requested the remaining employees to "refocus on our customers and support each other to continue to build a great company and a company we can be proud of".<o:p></o:p></p>

<p class="MsoNormal">This announcement comes a few days after Garg sent a letter of apology to the remaining employees of Better.com. "I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better. I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you," he wrote.<o:p></o:p></p>


The CEO of a digital mortgage firm recently became highly infamous due to his one Zoom call in which he fired 900 employees. Now, that leader is “taking time off”.

The CEO of a digital mortgage firm recently became highly infamous due to his one Zoom call in which he fired 900 employees. Now, that leader is “taking time off”. Vishal Garg quickly became infamous on the internet due to his one video in which he got nearly 900 of his employees on a Zoom video call and fired all of them while accusing them of ‘stealing from the company'. "I come to you with not great news. The market has changed and we have to move with it in order to survive, so that hopefully, we can thrive and hopefully, deliver on our mission, " he said as he began the grim announcement. "If you’re on this call, you are part of the unlucky group that is being laid off." Also read | 'I embarrassed you': Better.com CEO apologises for laying off 900 via zoom call However, now it is being reported that Garg is "taking time off effective immediately" while the company’s top layer takes time to reanalyse the leadership and culture. The company’s board of directors, too, have sent a letter to employees assuring that the company will take all needed and possible measures to bring the company out of any possible danger. An outside firm will also be brought in to "do a leadership and cultural assessment." The leadership has assured that the assessment of this third party will be "taken into account to build a long-term sustainable and positive culture at Better".8 While Garg takes some time off "given the very regrettable events over the last week", CFO Kevin Ryan will step into the shoes of the CEO on an interim basis. WATCH | Meanwhile, the board of directors have requested the remaining employees to "refocus on our customers and support each other to continue to build a great company and a company we can be proud of". This announcement comes a few days after Garg sent a letter of apology to the remaining employees of Better.com. "I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better. I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you," he wrote.

After firing 900 employees, CEO of Better.com takes 'time off'

<p data-changed="false" data-paragraphid="16">After coming under fire for insulting 900 people he had just laid off, Better.com CEO Vishal Garg sent an email to the company's remaining employees on Tuesday afternoon.&nbsp;</p>

<p data-changed="false" data-paragraphid="18">The CEO of a digital mortgage lender based in the United States has apologised to existing staff for how he handled the situation.&nbsp;</p>

<p data-changed="false" data-paragraphid="19">"I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better. I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you," Garg said in the letter to current employees.</p>

<p data-changed="false" data-paragraphid="20">An employee shared a video of Garg's Zoom conversation on December 1st, during which he fired around 900 SoftBank-backed staff.</p>

<p data-changed="false" data-paragraphid="21">The dismissals were attributed to market conditions and a drop in the company's performance, according to the CEO.</p>

<p>Since the firings, the entrepreneur, who is also the founder of Better.com, has been in the middle of a storm, particularly owing to the manner in which they were announced.<br />
<br />
<a href="https://www.wionews.com/world/watch-ceo-abruptly-terminates-over-900-employees-in-us-and-india-over-zoom-call-434583"><strong>Watch | CEO abruptly terminates over 900 employees in US and India over Zoom call</strong></a><br />
<br />
The dismissed employees made up 9% of the company's entire staff and were dispersed across the US and India.&nbsp;</p>

<p>According to Bloomberg, the mortgage lender also pushed back its public offering through a merger with Aurora Acquisition, a blank-check provider, after modifying the transaction a day before it laid off some of its employees.</p>

<p data-changed="false" data-paragraphid="25">According to Bloomberg, the corporation will seek additional regulatory permission after amending the merger conditions.</p>

<p data-changed="false" data-paragraphid="26">This will delay the transaction's completion, which the firms had previously stated would take place in the fourth quarter.&nbsp;</p>

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/gravitas-ceo-fires-900-people-on-zoom-call-434726/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

<p data-changed="false" data-paragraphid="27"><em>(With inputs from agencies)</em></p>


After coming under fire for insulting 900 people he had just laid off, Better.com CEO Vishal Garg sent an email to the company's remaining employees on Tuesday afternoon.

After coming under fire for insulting 900 people he had just laid off, Better.com CEO Vishal Garg sent an email to the company's remaining employees on Tuesday afternoon. The CEO of a digital mortgage lender based in the United States has apologised to existing staff for how he handled the situation. "I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better. I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you," Garg said in the letter to current employees. An employee shared a video of Garg's Zoom conversation on December 1st, during which he fired around 900 SoftBank-backed staff. The dismissals were attributed to market conditions and a drop in the company's performance, according to the CEO. Since the firings, the entrepreneur, who is also the founder of Better.com, has been in the middle of a storm, particularly owing to the manner in which they were announced. Watch | CEO abruptly terminates over 900 employees in US and India over Zoom call The dismissed employees made up 9% of the company's entire staff and were dispersed across the US and India. According to Bloomberg, the mortgage lender also pushed back its public offering through a merger with Aurora Acquisition, a blank-check provider, after modifying the transaction a day before it laid off some of its employees. According to Bloomberg, the corporation will seek additional regulatory permission after amending the merger conditions. This will delay the transaction's completion, which the firms had previously stated would take place in the fourth quarter. (With inputs from agencies)

'I embarrassed you': Better.com CEO apologises for laying off 900 via zoom call

<p>Days after the US-based mortgage come, Better.com, unceremoniously fired 900 people over Zoom call, three top executives have tendered their resignation.</p>

<p>Three of the companies’ top communications executives include Tanya Gillogley, head of public relations, Melanie Hahn, head of public relations, and Patrick Lenihan, VP of communications, according to multiple media reports.</p>

<p>The resignations come in response to the last week’s mass layoff, when CEO Vishal Garg abruptly terminated about 9% of the employees, which comprised of staff from US and India.</p>

<p>Garg received severe backlash over his move, following which he wrote an apology for the current employees of the SoftBank-backed mortgage lender firm.</p>

<p><strong>Also see |</strong> <a href="https://www.wionews.com/world/watch-ceo-abruptly-terminates-over-900-employees-in-us-and-india-over-zoom-call-434583">CEO abruptly terminates over 900 employees in US and India over Zoom call</a></p>

<p>“I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better,” the letter reads.</p>

<p>“I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you.”</p>

<p>During the Zoom call, Garg had cited market efficiency, performance and productivity as the reason behind the firings.</p>

<p>Fortune later reported that Garg accused laid-off employees of “stealing” from colleagues and clients by being unproductive and working two hours a day.</p>

<p>“If you’re on this call, you are part of the unlucky group that is being laid off," Garg,&nbsp;who founded Better.com in 2016, said on the call on Monday.</p>

<p>“Your employment here is terminated effective immediately,” he said, adding that employees could expect an email from HR detailing benefits and severance.</p>

<p>(With inputs from agencies)</p>


Days after the US-based mortgage come, Better.com, unceremoniously fired 900 people over Zoom call, three top executives have tendered their resignation. Three of the companies’ top communications executives include Tanya Gillogley, head of public relations, Melanie Hahn, head of public relations, and Patrick Lenihan, VP of communications, according to multiple media reports.

Days after the US-based mortgage come, Better.com, unceremoniously fired 900 people over Zoom call, three top executives have tendered their resignation. Three of the companies’ top communications executives include Tanya Gillogley, head of public relations, Melanie Hahn, head of public relations, and Patrick Lenihan, VP of communications, according to multiple media reports. The resignations come in response to the last week’s mass layoff, when CEO Vishal Garg abruptly terminated about 9% of the employees, which comprised of staff from US and India. Garg received severe backlash over his move, following which he wrote an apology for the current employees of the SoftBank-backed mortgage lender firm. Also see | CEO abruptly terminates over 900 employees in US and India over Zoom call “I failed to show the appropriate amount of respect and appreciation for the individuals who were affected and for their contributions to Better,” the letter reads. “I own the decision to do the layoffs, but in communicating it I blundered the execution. In doing so, I embarrassed you.” During the Zoom call, Garg had cited market efficiency, performance and productivity as the reason behind the firings. Fortune later reported that Garg accused laid-off employees of “stealing” from colleagues and clients by being unproductive and working two hours a day. “If you’re on this call, you are part of the unlucky group that is being laid off," Garg, who founded Better.com in 2016, said on the call on Monday. “Your employment here is terminated effective immediately,” he said, adding that employees could expect an email from HR detailing benefits and severance. (With inputs from agencies)

3 top executives of Better.com resign after CEO lays off 900 people over Zoom call

<p>More than 900 employees in the US and India of a mortgage lender company were fired abruptly by the CEO during a three-minute Zoom call.</p>

<p>According to CNN, Better.com CEO Vishal Garg made the announcement on Wednesday saying that about 9 per cent of its workforce have been laid off.</p>

<p>“I come to you with not great news. The market has changed and we have to move with it in order to survive, so that hopefully, we can thrive and hopefully, deliver on our mission,” he said as he began the grim announcement.</p>

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<p>He blamed market efficiency, performance and productivity as the reason behind the firings,</p>

<p>“If you’re on this call, you are part of the unlucky group that is being laid off," Garg,&nbsp;who founded Better.com in 2016, said on the call.</p>

<p>“Your employment here is terminated effective immediately,” he said, adding that employees could expect an email from HR detailing benefits and severance.</p>

<p>Around 15 per cent of employees of the New York-headquartered company have lost their jobs as part of the cost-cutting exercise.</p>

<p>Garg said that this is the second round of lay-offs Garg has undertaken.</p>

<p>A video of the Zoom call has been widely shared on the internet.</p>

<p>“Having to conduct layoffs is gut-wrenching, especially this time of year," CFO Kevin Ryan said in a statement to CNN Business.</p>

<p>“However, a fortress balance sheet and a reduced and focused workforce together set us up to play offence going into a radically evolving homeownership market.”</p>

<p><em>(With inputs from agencies)</em></p>


More than 900 employees in the US and India of a mortgage lender company were fired abruptly by the CEO during a three-minute Zoom call. According to CNN, Better.

More than 900 employees in the US and India of a mortgage lender company were fired abruptly by the CEO during a three-minute Zoom call. According to CNN, Better.com CEO Vishal Garg made the announcement on Wednesday saying that about 9 per cent of its workforce have been laid off. “I come to you with not great news. The market has changed and we have to move with it in order to survive, so that hopefully, we can thrive and hopefully, deliver on our mission,” he said as he began the grim announcement. × He blamed market efficiency, performance and productivity as the reason behind the firings, “If you’re on this call, you are part of the unlucky group that is being laid off," Garg, who founded Better.com in 2016, said on the call. “Your employment here is terminated effective immediately,” he said, adding that employees could expect an email from HR detailing benefits and severance. Around 15 per cent of employees of the New York-headquartered company have lost their jobs as part of the cost-cutting exercise. Garg said that this is the second round of lay-offs Garg has undertaken. A video of the Zoom call has been widely shared on the internet. “Having to conduct layoffs is gut-wrenching, especially this time of year," CFO Kevin Ryan said in a statement to CNN Business. “However, a fortress balance sheet and a reduced and focused workforce together set us up to play offence going into a radically evolving homeownership market.” (With inputs from agencies)

Watch | CEO abruptly terminates over 900 employees in US and India over Zoom call

<p>Parag Agrawal’s appointment as CEO of Twitter Inc has unleashed tidal waves of hype about the success of Indians abroad (i.e. the US) and a world awestruck by the cult of the ‘Global Indian CEO’. The flood of words, bytes and images has made sure that everyone knows everything about Agrawal from his schooldays to the terms of his appointment especially his pay packet down to the last decimal.&nbsp;</p>

<p>Thereby hangs the narrative of the Cult of the global Indian CEO which holds that India, though not the world’s manufacturing hub, is the world’s CEO-producing factory for the technology sector as well as others. Prominent in this pantheon of world-changing tech CEOs are Microsoft’s Satya Nadella, Alphabet’s Sundar Pichai and IBM’s Arvind Krishna. Big Indian names in the minor arcana of non-tech global corporates include Ivan Menezes of Diageo and Vas Narasimhan of Novartis.&nbsp;</p>

<p>Even those who know nothing about these people or their accomplishments know how much they are paid. Clearly, it is not the company or its products and services that matter; nor is it the person and her attributes and achievements. It is money that is the sole measure of success. And, it needs to be in US dollars just as the acme of success can be only the top job in a US company.&nbsp;</p>

<p>It is only the US, as our story goes, that is truly globalised, recognises ‘merit’ (without reference to caste and other considerations) and offers a ‘better life’ by way of education, jobs, success and wealth. The minor detail that, more often than not, their education in India’s IITs helped launch many of these achievers on the road to success, is not allowed to spoil the narrative of all things great being achievable only in America.&nbsp;</p>

<p>No longer is this lamented as “brain drain”, which is as it should be. But neither is this trend of Indian-origin CEOs leading global corporates a dimension of India’s “soft power” as it is made out to be by those who have reduced success and achievement to idolatry of wealth, particularly dollarised wealth. &nbsp;</p>

<p><strong>Also Read | <a href="https://www.wionews.com/technology/twitter-ceo-parag-agrawal-said-this-in-his-very-first-e-mail-as-captain-of-the-ship-433002">Twitter CEO Parag Agrawal said this in his very first e-mail as captain of the ship</a></strong></p>

<p>These successful individuals may be Indian, but they are not India’s. India is their homeland, which they have left. They are now dedicated to their home country, the US, where they have reached the top of the corporate food chain. Their loyalty is to their companies, consumers, stakeholders, brands, products, boards and shareholders; not to India. Their sole interest is to maximise the profits of their companies. They did not get to the top to advance the interests of the Indian state, nation or people. Of course, Indian talent would doubtless be harnessed when required for running their business. These tech titans are as much American as the companies they head and the currency in which they generate profits.&nbsp;</p>

<p>They are also Americans as idols who represent the Cult of Mammon. As the iconic status of both wealth and the wealthy in India media reveals, the cult has now been exported worldwide. The self-gratification, the celebrity culture, the corporate narcissism, the self-glorification of the so-called self-made successful people is adored, if not worshipped, with near-devotional fervor. &nbsp;This is exactly what the prosperity gospel is all about.&nbsp;</p>

<p>Were it otherwise, there is much to cherish and celebrate in India’s long-standing “human exports” to the world, which predates these techno-corporate icons. Indian scholars, artists, scientists, jurists, economists, writers, social scientists, academics, public intellectuals and thought leaders have long been prominent in many spheres of life abroad. They have inspired and influenced individuals, institutions and communities; and, their thinking, including their understanding of India and Indians, and Indian thought, tradition, politics, society, economy and philosophy. &nbsp;These are people who may feature in the higher realms of human endeavour.&nbsp;</p>

<p>The “lower realms”, our overseas equivalent of the “great unwashed” at home, are peopled by the millions of Indian workers abroad, mainly in West Asia. Over the decades, their money-order remittances have contributed immensely to the economy (and education) of their families, homes, communities, villages, towns and cities. These toiling classes, such as the workers in the Gulf, may never fit our image of “NRIs” in the dollarised aspirational sense. Yet their contribution to home country and homeland country is far greater. &nbsp;</p>

<p>Traditionally, India’s political elite fraternised selectively with those in the ‘higher realm’; and, at least talked more about the condition of those in the ‘lower realm’. Such engagements attest to their greater relevance and contribution to the Indian economy and role, albeit unacknowledged, as a “soft power” to strengthen and deepen bilateral and people-to-people relations. &nbsp;</p>

<p><em><strong>(Disclaimer: The views of the writer do not represent the views of WION or ZMCL. Nor does WION or ZMCL endorse the views of the writer.)&nbsp;&nbsp;</strong></em></p>


Parag Agrawal’s appointment as CEO of Twitter Inc has unleashed tidal waves of hype about the success of Indians abroad (i.e. the US) and a world awestruck by the cult of the ‘Global Indian CEO’.

Parag Agrawal’s appointment as CEO of Twitter Inc has unleashed tidal waves of hype about the success of Indians abroad (i.e. the US) and a world awestruck by the cult of the ‘Global Indian CEO’. The flood of words, bytes and images has made sure that everyone knows everything about Agrawal from his schooldays to the terms of his appointment especially his pay packet down to the last decimal. Thereby hangs the narrative of the Cult of the global Indian CEO which holds that India, though not the world’s manufacturing hub, is the world’s CEO-producing factory for the technology sector as well as others. Prominent in this pantheon of world-changing tech CEOs are Microsoft’s Satya Nadella, Alphabet’s Sundar Pichai and IBM’s Arvind Krishna. Big Indian names in the minor arcana of non-tech global corporates include Ivan Menezes of Diageo and Vas Narasimhan of Novartis. Even those who know nothing about these people or their accomplishments know how much they are paid. Clearly, it is not the company or its products and services that matter; nor is it the person and her attributes and achievements. It is money that is the sole measure of success. And, it needs to be in US dollars just as the acme of success can be only the top job in a US company. It is only the US, as our story goes, that is truly globalised, recognises ‘merit’ (without reference to caste and other considerations) and offers a ‘better life’ by way of education, jobs, success and wealth. The minor detail that, more often than not, their education in India’s IITs helped launch many of these achievers on the road to success, is not allowed to spoil the narrative of all things great being achievable only in America. No longer is this lamented as “brain drain”, which is as it should be. But neither is this trend of Indian-origin CEOs leading global corporates a dimension of India’s “soft power” as it is made out to be by those who have reduced success and achievement to idolatry of wealth, particularly dollarised wealth. Also Read | Twitter CEO Parag Agrawal said this in his very first e-mail as captain of the ship These successful individuals may be Indian, but they are not India’s. India is their homeland, which they have left. They are now dedicated to their home country, the US, where they have reached the top of the corporate food chain. Their loyalty is to their companies, consumers, stakeholders, brands, products, boards and shareholders; not to India. Their sole interest is to maximise the profits of their companies. They did not get to the top to advance the interests of the Indian state, nation or people. Of course, Indian talent would doubtless be harnessed when required for running their business. These tech titans are as much American as the companies they head and the currency in which they generate profits. They are also Americans as idols who represent the Cult of Mammon. As the iconic status of both wealth and the wealthy in India media reveals, the cult has now been exported worldwide. The self-gratification, the celebrity culture, the corporate narcissism, the self-glorification of the so-called self-made successful people is adored, if not worshipped, with near-devotional fervor. This is exactly what the prosperity gospel is all about. Were it otherwise, there is much to cherish and celebrate in India’s long-standing “human exports” to the world, which predates these techno-corporate icons. Indian scholars, artists, scientists, jurists, economists, writers, social scientists, academics, public intellectuals and thought leaders have long been prominent in many spheres of life abroad. They have inspired and influenced individuals, institutions and communities; and, their thinking, including their understanding of India and Indians, and Indian thought, tradition, politics, society, economy and philosophy. These are people who may feature in the higher realms of human endeavour. The “lower realms”, our overseas equivalent of the “great unwashed” at home, are peopled by the millions of Indian workers abroad, mainly in West Asia. Over the decades, their money-order remittances have contributed immensely to the economy (and education) of their families, homes, communities, villages, towns and cities. These toiling classes, such as the workers in the Gulf, may never fit our image of “NRIs” in the dollarised aspirational sense. Yet their contribution to home country and homeland country is far greater. Traditionally, India’s political elite fraternised selectively with those in the ‘higher realm’; and, at least talked more about the condition of those in the ‘lower realm’. Such engagements attest to their greater relevance and contribution to the Indian economy and role, albeit unacknowledged, as a “soft power” to strengthen and deepen bilateral and people-to-people relations. (Disclaimer: The views of the writer do not represent the views of WION or ZMCL. Nor does WION or ZMCL endorse the views of the writer.)

ON THE MARGIN: NRIs and the Cult of Mammon 

India is celebrating the appointment of Parag Agrawal as Twitter CEO. Agrawal joins the growing club of Indian-origin CEOs leading American tech firms. Will Agrawal's appointment benefit India in any way? Will it create more jobs in India or get Twitter to behave in India? Palki Sharma tells you.

Gravitas: Indian-origin techie Parag Agrawal becomes Twitter CEO

<p>CEO turnover spiked in the first half of 2021, as companies tapped new talent to navigate the aftermath of the COVID-19 pandemic and stressed-out chief executives sought a career change, a study from recruiting firm Heidrick &amp; Struggles found.</p>

<p>The findings illustrate how CEOs are not immune to the exhaustion that has swept hundreds of millions of workers worldwide since the onset of the pandemic and has pushed many to consider a new job or lifestyle in a wave dubbed "The Great Resignation."</p>

<p>"Our belief is that it will only accelerate going into next year as people have delayed their retirements," said Jeff Sanders, co-managing partner of Heidrick's global CEO and board practice.</p>

<p>There were 103 CEO appointments in the first half of 2021 out of 1,095 companies in 24 regions that Heidrick studied, including the United States, China and some European countries.</p>

<p>Six months prior, in the second half of 2020, 49 companies changed CEOs, according to the study.</p>

<p>Most companies kept their leaders in place last year as they closed ranks to deal with the challenges of the pandemic. But as it receded with the help of vaccines, companies felt they were stable enough to find a new leader, Sanders said.</p>

<p>"Many CEOs didn't have to travel as much," which helped them preserve their energy, Sanders said. But communicating "virtually" in a new medium was "exhausting," he said.</p>

<p>The reluctance of many boards to meet CEO candidates physically or place risky bets on outsiders while the pandemic lingers favored internal applicants, the study found. Nearly two-thirds of new CEOs were internal candidates, up from just a little over half during the same period in 2020.</p>

<p>Women made up 13% of the new CEOs in the first half of this year, up from 6% in the prior period in the regions the report studied.</p>

<p>Yet the churn did not lead to big strides in diversity, according to the study. It found that 3% of Fortune 100 CEOs are Black, 4% are Hispanic or Latino, 4% are Asian and 1% are Middle Eastern or North African, less than their share of the U.S. population.</p>

<p>"I don't think (CEO diversity) is where it needs to be," Sanders said.</p>


CEO turnover spiked in the first half of 2021, as companies tapped new talent to navigate the aftermath of the COVID-19 pandemic and stressed-out chief executives sought a career change, a study from recruiting firm Heidrick & Struggles found.

CEO turnover spiked in the first half of 2021, as companies tapped new talent to navigate the aftermath of the COVID-19 pandemic and stressed-out chief executives sought a career change, a study from recruiting firm Heidrick & Struggles found. The findings illustrate how CEOs are not immune to the exhaustion that has swept hundreds of millions of workers worldwide since the onset of the pandemic and has pushed many to consider a new job or lifestyle in a wave dubbed "The Great Resignation." "Our belief is that it will only accelerate going into next year as people have delayed their retirements," said Jeff Sanders, co-managing partner of Heidrick's global CEO and board practice. There were 103 CEO appointments in the first half of 2021 out of 1,095 companies in 24 regions that Heidrick studied, including the United States, China and some European countries. Six months prior, in the second half of 2020, 49 companies changed CEOs, according to the study. Most companies kept their leaders in place last year as they closed ranks to deal with the challenges of the pandemic. But as it receded with the help of vaccines, companies felt they were stable enough to find a new leader, Sanders said. "Many CEOs didn't have to travel as much," which helped them preserve their energy, Sanders said. But communicating "virtually" in a new medium was "exhausting," he said. The reluctance of many boards to meet CEO candidates physically or place risky bets on outsiders while the pandemic lingers favored internal applicants, the study found. Nearly two-thirds of new CEOs were internal candidates, up from just a little over half during the same period in 2020. Women made up 13% of the new CEOs in the first half of this year, up from 6% in the prior period in the regions the report studied. Yet the churn did not lead to big strides in diversity, according to the study. It found that 3% of Fortune 100 CEOs are Black, 4% are Hispanic or Latino, 4% are Asian and 1% are Middle Eastern or North African, less than their share of the U.S. population. "I don't think (CEO diversity) is where it needs to be," Sanders said.

More chief executives join the 'Great Resignation'

<p>Tesla CEO Elon Musk is worth more money than the gross domestic product (GDP) of Pakistan. &nbsp;</p>

<p>The entrepreneur is close to touching $300 billion net worth very soon, as per reports. It will make him the first person to do so. &nbsp;&nbsp;</p>

<p><strong>Also Read |&nbsp;<a href="https://www.wionews.com/world/ill-donate-6-billion-if-the-un-can-prove-how-it-will-solve-world-hunger-elon-musk-425761" hreflang="en">I'll donate $6 billion if the UN can prove how it will solve world hunger: Elon Musk</a></strong></p>

<p>As for now, his net worth is $292 billion. While the GDP of Pakistan is around $280 billion (at current market prices) in 2020-21, say reports. The country houses around 220 million people. &nbsp;&nbsp;</p>

<p>Recently, an order helped Tesla and its CEO Elon Musk gain huge amount of wealth as the company's shares witnessed a huge surge. &nbsp;&nbsp;</p>

<p>Due to the order, Musk's personal fortune also went up by $36.2 billion. It was one of the biggest single-day jumps in the wealth of an entrepreneur. &nbsp; &nbsp;</p>

<p><strong>Also Read:&nbsp;<a href="https://www.wionews.com/world/in-virtual-heist-on-jewellery-firm-hackers-steal-several-bigwigs-details-425498" hreflang="en">In 'virtual heist' on jewellery firm, hackers steal several bigwigs’ details</a></strong></p>

<p>US electric carmaker Tesla’s market value had also broken through the $1tn mark. The company achieved the feat after receiving an order for 100,000 of its vehicles from the rental company Hertz. &nbsp; &nbsp;</p>

<p>Tesla’s share surged by around 13 per cent on Monday. &nbsp;</p>

<p>A US-based journalist Edward Luce had come up with the comparison between Elon Musk’s current net worth and the GDP of Pakistan. &nbsp;&nbsp;</p>

<p><em>(With inputs from agencies)&nbsp;</em></p>


Tesla CEO Elon Musk is worth more money than the gross domestic product (GDP) of Pakistan. The entrepreneur is close to touching $300 billion net worth very soon, as per reports.

Tesla CEO Elon Musk is worth more money than the gross domestic product (GDP) of Pakistan. The entrepreneur is close to touching $300 billion net worth very soon, as per reports. It will make him the first person to do so. Also Read | I'll donate $6 billion if the UN can prove how it will solve world hunger: Elon Musk As for now, his net worth is $292 billion. While the GDP of Pakistan is around $280 billion (at current market prices) in 2020-21, say reports. The country houses around 220 million people. Recently, an order helped Tesla and its CEO Elon Musk gain huge amount of wealth as the company's shares witnessed a huge surge. Due to the order, Musk's personal fortune also went up by $36.2 billion. It was one of the biggest single-day jumps in the wealth of an entrepreneur. Also Read: In 'virtual heist' on jewellery firm, hackers steal several bigwigs’ details US electric carmaker Tesla’s market value had also broken through the $1tn mark. The company achieved the feat after receiving an order for 100,000 of its vehicles from the rental company Hertz. Tesla’s share surged by around 13 per cent on Monday. A US-based journalist Edward Luce had come up with the comparison between Elon Musk’s current net worth and the GDP of Pakistan. (With inputs from agencies)

Tesla CEO Elon Musk wealthier than Pakistan’s GDP

<p>In a call for Mark Zuckerberg to step down, Facebook whistleblower Frances Haugen said the business will be better off with a leader, who focuses on user safety. &nbsp;&nbsp;</p>

<p>The whistleblower delivered the strongest call for guard change at the social media giant. &nbsp;</p>

<p>Facebook’s parent company, which rebranded to Meta last week, is unlikely to change if its founder remains in-charge, said Haugen. &nbsp;&nbsp;</p>

<p><strong>Also Read:&nbsp;<a href="https://www.wionews.com/south-asia/tesla-ceo-elon-musk-wealthier-than-entire-pakistans-gdp-425852" hreflang="en">Tesla CEO Elon Musk wealthier than entire Pakistan’s GDP</a></strong></p>

<p>The ex-Facebook employee, who leaked tens of thousands of internal documents, which give details about the company’s struggles with user safety and misinformation was speaking at the Web Summit in Lisbon. &nbsp;&nbsp;</p>

<p>Haugen has also criticised Zuckerberg’s “unconscionable” decision to invest in metaverse concept rather than solving its issues. &nbsp;</p>

<p>When asked if Zuckerberg should step down, Haugen said, “I think Facebook will be stronger with someone, who is willing to focus on safety, so yes.” &nbsp;</p>

<p><strong>Also Read |&nbsp;<a href="https://www.wionews.com/world/facebook-is-failing-to-safeguard-users-from-covid-19-disinformation-research-425995">Facebook is failing to safeguard users from COVID-19 disinformation: Research</a></strong></p>

<p>“Mark holds 54% of the voting shares in Facebook. He is the chairman and the CEO, and I think that at a minimum the shareholders have the right to actually choose their CEO. And so, I think it is unlikely the company will change if he remains the CEO,” said Haugen. &nbsp;</p>

<p>“And I hope that he can see that there is so much good he could do in the world, and maybe it’s a chance for someone else to maybe take the reins.” &nbsp;</p>

<p><em>(With inputs from agencies)&nbsp;</em></p>


In a call for Mark Zuckerberg to step down, Facebook whistleblower Frances Haugen said the business will be better off with a leader, who focuses on user safety.

In a call for Mark Zuckerberg to step down, Facebook whistleblower Frances Haugen said the business will be better off with a leader, who focuses on user safety. The whistleblower delivered the strongest call for guard change at the social media giant. Facebook’s parent company, which rebranded to Meta last week, is unlikely to change if its founder remains in-charge, said Haugen. Also Read: Tesla CEO Elon Musk wealthier than entire Pakistan’s GDP The ex-Facebook employee, who leaked tens of thousands of internal documents, which give details about the company’s struggles with user safety and misinformation was speaking at the Web Summit in Lisbon. Haugen has also criticised Zuckerberg’s “unconscionable” decision to invest in metaverse concept rather than solving its issues. When asked if Zuckerberg should step down, Haugen said, “I think Facebook will be stronger with someone, who is willing to focus on safety, so yes.” Also Read | Facebook is failing to safeguard users from COVID-19 disinformation: Research “Mark holds 54% of the voting shares in Facebook. He is the chairman and the CEO, and I think that at a minimum the shareholders have the right to actually choose their CEO. And so, I think it is unlikely the company will change if he remains the CEO,” said Haugen. “And I hope that he can see that there is so much good he could do in the world, and maybe it’s a chance for someone else to maybe take the reins.” (With inputs from agencies)

Facebook CEO Mark Zuckerberg should step down, says whistleblower Frances Haugen

<p>An Indian-origin top executive of a pharmaceutical company in the US state of New Jersey was shot dead by a gunman who followed him home from a casino for robbery, media reports said on Saturday.</p>

<p>Sree Ranga Aravapalli, 54, a resident of New Jersey's Plainsboro, was killed shortly after arriving home by a gunman who, according to authorities, followed him from a casino outside Philadelphia at around 3:30 AM (local time) on Tuesday, the CBC New York newspaper reported.</p>

<p><strong>Also Read |&nbsp;</strong><a href="https://www.wionews.com/world/gunmen-kill-18-worshippers-in-nigeria-mosque-attack-424180"><strong>Gunmen kill 18 worshippers in Nigeria mosque attack</strong></a></p>

<p>The wealthy pharmaceutical executive&nbsp;was followed for 50 miles (80 kms) from a Pennsylvania casino to his New Jersey home where he was murdered in an attempted robbery while his wife and daughter were sleeping, the New York Post newspaper quoted the police as saying.</p>

<p>Aravapalli cashed out his night's big winnings, about USD 10,000, in the early morning hours of Tuesday at the Parx Casino in Bensalem when he was spotted with the loot by 27-year-old Jekai Reid-John, of Pennsylvania's Norristown, the Post report said.</p>

<p>The police have arrested Jekai Reid-John and charged him with first-degree murder.</p>

<p>Reid-John, who did not know Aravapalli, followed him in his car as he drove back to his quiet, affluent neighbourhood in Plainsboro, according to the Middlesex County Prosecutor's Office.</p>

<p>Plainsboro Township Police Department Chief Frederick Tavener offered his condolences to Avarapalli's family, who was reportedly well known in the local community.</p>

<p>I want to offer my sincerest condolences to the Aravapalli family for their tragic loss. This is an unexpected and alarming event for their family, friends and our entire community,&nbsp;he said in a statement on Wednesday.<br />
Aravapalli is survived by his wife, a son and a daughter.</p>

<p>Since 2014, Aravapalli was the CEO of Aurex Laboratories, which is described online as a pharmaceutical company that develops clinical supplies, tablets and soft gelatin capsules.</p>

<p>In a statement, Parx Casino CEO Eric Hausler condoled Aravapalli's death and said it is cooperating fully with local and state law enforcement agencies in both Pennsylvania and New Jersey and will continue to do so.</p>

<p>We are deeply saddened by the report that earlier this week a customer of Parx Casino was the victim of a homicide at his home after returning from a visit to the casino.</p>

<p><strong>Also Read |&nbsp;</strong><a href="https://www.wionews.com/world/gunmen-kill-eight-and-injure-18-in-rwanda-253966"><strong>Gunmen kill eight and injure 18 in Rwanda</strong></a></p>

<p>We have learned that law enforcement officials have arrested a suspect who followed the victim home from the casino that night. Our sincere condolences go out to the family and friends of the victim at this incredibly difficult time,&nbsp;Hausler said.</p>

<p>Neighbours said that Aravapalli and his family called their secluded community home for just a few years.</p>

<p>It's crazy, I mean, unbelievable. How can somebody follow him all the way and come here and kill him in the night&nbsp;It's so shocking,&nbsp;said neighbour Sheeza Khan.</p>

<p>It was very shocking for the whole community. It is scary, Khan said.</p>

<p>Just a nice family man, always home and there with his wife and kids, and celebrating all the festivals.</p>

<p>What we want to remember about him is that he gave everything. In his 54 years, I think, he probably gave more than most people would in a full 85-year lifespan,&nbsp;said Abhi Kanitkar.</p>

<p>Aravapalli's family laid him to rest on Thursday, the report added.</p>


An Indian-origin top executive of a pharmaceutical company in the US state of New Jersey was shot dead by a gunman who followed him home from a casino for robbery, media reports said on Saturday.

An Indian-origin top executive of a pharmaceutical company in the US state of New Jersey was shot dead by a gunman who followed him home from a casino for robbery, media reports said on Saturday. Sree Ranga Aravapalli, 54, a resident of New Jersey's Plainsboro, was killed shortly after arriving home by a gunman who, according to authorities, followed him from a casino outside Philadelphia at around 3:30 AM (local time) on Tuesday, the CBC New York newspaper reported. Also Read | Gunmen kill 18 worshippers in Nigeria mosque attack The wealthy pharmaceutical executive was followed for 50 miles (80 kms) from a Pennsylvania casino to his New Jersey home where he was murdered in an attempted robbery while his wife and daughter were sleeping, the New York Post newspaper quoted the police as saying. Aravapalli cashed out his night's big winnings, about USD 10,000, in the early morning hours of Tuesday at the Parx Casino in Bensalem when he was spotted with the loot by 27-year-old Jekai Reid-John, of Pennsylvania's Norristown, the Post report said. The police have arrested Jekai Reid-John and charged him with first-degree murder. Reid-John, who did not know Aravapalli, followed him in his car as he drove back to his quiet, affluent neighbourhood in Plainsboro, according to the Middlesex County Prosecutor's Office. Plainsboro Township Police Department Chief Frederick Tavener offered his condolences to Avarapalli's family, who was reportedly well known in the local community. I want to offer my sincerest condolences to the Aravapalli family for their tragic loss. This is an unexpected and alarming event for their family, friends and our entire community, he said in a statement on Wednesday. Aravapalli is survived by his wife, a son and a daughter. Since 2014, Aravapalli was the CEO of Aurex Laboratories, which is described online as a pharmaceutical company that develops clinical supplies, tablets and soft gelatin capsules. In a statement, Parx Casino CEO Eric Hausler condoled Aravapalli's death and said it is cooperating fully with local and state law enforcement agencies in both Pennsylvania and New Jersey and will continue to do so. We are deeply saddened by the report that earlier this week a customer of Parx Casino was the victim of a homicide at his home after returning from a visit to the casino. Also Read | Gunmen kill eight and injure 18 in Rwanda We have learned that law enforcement officials have arrested a suspect who followed the victim home from the casino that night. Our sincere condolences go out to the family and friends of the victim at this incredibly difficult time, Hausler said. Neighbours said that Aravapalli and his family called their secluded community home for just a few years. It's crazy, I mean, unbelievable. How can somebody follow him all the way and come here and kill him in the night It's so shocking, said neighbour Sheeza Khan. It was very shocking for the whole community. It is scary, Khan said. Just a nice family man, always home and there with his wife and kids, and celebrating all the festivals. What we want to remember about him is that he gave everything. In his 54 years, I think, he probably gave more than most people would in a full 85-year lifespan, said Abhi Kanitkar. Aravapalli's family laid him to rest on Thursday, the report added.

Indian-origin pharma CEO shot dead by gunman in US for robbery

<p>Celebrating its new $1.2 billion valuation, the CEO of Spanx, a US shapewear company, surprised its employees by gifting two first-class plane tickets and $10,000 each.</p>

<p>On Wednesday, Spanx announced that the private equity firm Blackstone would buy a majority stake in the company, a deal valuing it at $1.2 billion.</p>

<p>The company’s CEO Sara Blakely posted a video on social media to capture the reactions of her employees while announcing&nbsp;the gifts to employees, who gathered in person and over Zoom.</p>

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<p>In remarks posted to social media, Blakely said: “To stand here today, and [to] think about what we’ve been able to create and what we’ve been able to do by being authentic and kind and delivering amazing products to women to use their very feminine principles in a very masculine space which is business, leading with intuition, vulnerability … this marks a moment for female entrepreneurs.”</p>

<p>During her speech, she honoured other women in business. "I want to toast the women that came before me and all of the women in the world who have not had this opportunity," Blakely said.</p>

<p>Blakely started the company in 2000 with $5,000 she made selling fax machines door-to-door.</p>

<p>"I wrote a goal down, and I said this company will one day be worth $20 million, and everybody laughed at me," Blakely says in the video.</p>

<p>Spanx, which started out by selling stretchy, body-smoothing undergarments, has grown into a gigantic brand with a wide product line and men's offerings over the past 21 years. Kim Kardashian West launched a rival shapewear company called Skims in 2019.</p>

<p><em>(With inputs from agencies)</em></p>


Celebrating its new $1.2 billion valuation, the CEO of Spanx, a US shapewear company, surprised its employees by gifting two first-class plane tickets and $10,000 each.

Celebrating its new $1.2 billion valuation, the CEO of Spanx, a US shapewear company, surprised its employees by gifting two first-class plane tickets and $10,000 each. On Wednesday, Spanx announced that the private equity firm Blackstone would buy a majority stake in the company, a deal valuing it at $1.2 billion. The company’s CEO Sara Blakely posted a video on social media to capture the reactions of her employees while announcing the gifts to employees, who gathered in person and over Zoom. View this post on Instagram A post shared by Sara Blakely (@sarablakely) × In remarks posted to social media, Blakely said: “To stand here today, and [to] think about what we’ve been able to create and what we’ve been able to do by being authentic and kind and delivering amazing products to women to use their very feminine principles in a very masculine space which is business, leading with intuition, vulnerability … this marks a moment for female entrepreneurs.” During her speech, she honoured other women in business. "I want to toast the women that came before me and all of the women in the world who have not had this opportunity," Blakely said. Blakely started the company in 2000 with $5,000 she made selling fax machines door-to-door. "I wrote a goal down, and I said this company will one day be worth $20 million, and everybody laughed at me," Blakely says in the video. Spanx, which started out by selling stretchy, body-smoothing undergarments, has grown into a gigantic brand with a wide product line and men's offerings over the past 21 years. Kim Kardashian West launched a rival shapewear company called Skims in 2019. (With inputs from agencies)

WATCH: Moment when CEO of shapewear company gifts staff $10,000 cash, air trips 'to anywhere'

<p>In what can be termed as a unique incident, a post of a Jaipur-based company’s CEO has gone viral. The post was shared on Instagram by Vervelogic, a Digital Solutions provider. &nbsp;</p>

<p>Several netizens are praising the CEO and several people have also asked for a job in the company. &nbsp;</p>

<p><strong>Watch:&nbsp;</strong>Quirky bikes on display at Toy Museum in St Petersburg</p>

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<p>In the post on the official handle, CEO Abhishek Jain shared a information for employees that the company has declared a holiday for its employees on September 3. &nbsp;</p>

<p>It was done to ensure the employees can watch the premiere of the final season of 'Money Heist', which is scheduled to release on the day. &nbsp;</p>

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<p>The CEO called it ‘Netflix and chill holiday’ and told to avoid false leave emails and mass bunks. “Everyone can take a day off and enjoy the show without made-up excuses,” said Jain.</p>

<p><strong>Also Read:&nbsp;<a href="https://www.wionews.com/entertainment/hollywood/news-mission-impossible-sues-insurance-company-over-7-covid-19-shutdowns-409545" hreflang="en">'Mission: Impossible' sues insurance company over 7 COVID-19 shutdowns</a></strong>&nbsp;</p>

<p>A unique way to 'thank employees', the post seems to have won several hearts and got many praises. It was also flooded with 'how can I apply for a job here?' comments. &nbsp;</p>

<p>It seems to have become a precedent, which others could take note of.&nbsp;</p>


In what can be termed as a unique incident, a post of a Jaipur-based company’s CEO has gone viral. The post was shared on Instagram by Vervelogic, a Digital Solutions provider.

In what can be termed as a unique incident, a post of a Jaipur-based company’s CEO has gone viral. The post was shared on Instagram by Vervelogic, a Digital Solutions provider. Several netizens are praising the CEO and several people have also asked for a job in the company. Watch: Quirky bikes on display at Toy Museum in St Petersburg × In the post on the official handle, CEO Abhishek Jain shared a information for employees that the company has declared a holiday for its employees on September 3. It was done to ensure the employees can watch the premiere of the final season of 'Money Heist', which is scheduled to release on the day. View this post on Instagram A post shared by Verve Logic (@vervelogicin) × The CEO called it ‘Netflix and chill holiday’ and told to avoid false leave emails and mass bunks. “Everyone can take a day off and enjoy the show without made-up excuses,” said Jain. Also Read: 'Mission: Impossible' sues insurance company over 7 COVID-19 shutdowns A unique way to 'thank employees', the post seems to have won several hearts and got many praises. It was also flooded with 'how can I apply for a job here?' comments. It seems to have become a precedent, which others could take note of.

In a first, Indian CEO declares ‘Netflix and chill holiday’ for staff, gets flooded with employment requests

<p>As he prepares to blast off into a new career stage, Jeff&nbsp;Bezos&nbsp;leaves an enduring legacy after transforming Amazon from a modest online bookseller into one of the world's most powerful corporations.</p>

<p>Bezos, 57, was set to hand over the job of Amazon chief executive on Monday to Andy Jassy and turn his attention to his private space exploration firm, philanthropy and other endeavours. He will retain a key role, however, as executive chair at the technology and e-commerce colossus he founded 27 years ago.</p>

<p>The transition comes after a spectacular streak for Amazon, which has drawn attention for its innovations.</p>

<p>But the firm has also been vilified over business practices that have crushed competitors and raised concerns over the treatment of a workforce of more than one million.</p>

<p>"Bezos&nbsp;has been a transformational leader... in bookselling, the retail market, cloud computing and home delivery," said Darrell West, a senior fellow at the Brookings Institution's Center for Technology Innovation.</p>

<p>"He was a pioneer who introduced many of the conveniences that people take for granted, such as going to an online store, ordering something, and having it delivered to your home the next day. The whole e-commerce sector owes many of its innovations to this individual."</p>

<p><a href="https://www.wionews.com/world/dont-get-me-wrong-covid-19-has-not-been-vanquished-us-president-joe-biden-395818"><strong>Also read |&nbsp;Don't get me wrong, COVID-19 has not been vanquished: US President Joe Biden&nbsp;</strong></a></p>

<p>In public appearances,&nbsp;Bezos&nbsp;often recounts the early days at Amazon, started in his garage, when he packed up orders himself and drove boxes to the post office.</p>

<p>Today, Amazon has a market value of more than $1.7 trillion. It posted 2020 annual revenues of $386 billion from operations in the e-commerce, cloud computing, groceries, artificial intelligence, streaming media and more.</p>

<p><strong>&nbsp;'An instinct'</strong></p>

<p>Bezos&nbsp;"had an instinct for the right thing" in finding the next market, said Roger Kay, an analyst at Endpoint Technologies Associates.</p>

<p>Kay said&nbsp;Bezos&nbsp;deftly transitioned from books to other merchandise to an online marketplace, and successfully built the cloud infrastructure for the company which became the highly profitable Amazon Web Services.</p>

<p>Amazon outlasted its rivals by forgoing profits in its early years "and reinvesting everything into expanding," Kay said.</p>

<p>"If you look at the trajectory now, it was all logical," Kay added. "You can say&nbsp;Bezos&nbsp;has been one of the best business architects of his time."</p>

<p>Bob O'Donnell of Technalysis Research said&nbsp;Bezos&nbsp;"wasn't the first or the only one, but he took the concept (of e-commerce) and worked to perfect it."</p>

<p>Amazon was able to outdo rivals because&nbsp;Bezos&nbsp;"recognized the need to build infrastructure," including the vast network of warehouses, trucks, planes and other logistics for the business, O'Donnell said.</p>

<p>"A lot of other companies didn’t want to spend money on the messy behind-the-scenes work."</p>

<p>The stunning rise of Amazon has made&nbsp;Bezos&nbsp;into one of the world's richest people, with a net worth close to $200 billion, even after a divorce settlement that gave part of his stake to his ex-wife MacKenzie Scott.</p>

<p>Bezos&nbsp;will step away from day-to-day Amazon management to spend more time on projects including his space firm Blue Origin -- which is set to take him into space later this month.</p>

<p>He owns the Washington Post newspaper and has devoted time and funds to efforts to fight climate change, while also facing criticism after recent reports that he paid no income tax at all some years.</p>

<p><strong>Whither Amazon?</strong></p>

<p>His departure leaves questions about the future of Amazon as it faces a torrent of regulatory scrutiny and criticism from activists.</p>

<p>US lawmakers are considering a measure that would make it easier to break up Amazon, amid concerns that a handful of Big Tech firms have become too dominant, hurting competition in a way that eventually harms consumers.</p>

<p>Amazon was well-positioned during the coronavirus pandemic with its fast delivery of goods and groceries and boosted its US workforce to more than 800,000.</p>

<p>While the company has boasted of its $15 minimum wage and other benefits, critics say its relentless focus on efficiency and worker surveillance has treated employees like machines.</p>

<p>The Teamsters union recently launched a campaign to organize Amazon employees, claiming its workers "face dehumanizing, unsafe and low-pay jobs, with high turnover and no voice at work."</p>

<p>Bezos&nbsp;appeared to respond to worker concerns earlier this year when he called for a "better vision" for employees after a bruising battle over a unionization vote in Alabama, which ultimately failed.</p>

<p>He laid out a new goal for the company to be "Earth's best employer and Earth's safest place to work," in his final letter as chief executive.</p>

<p>Yet Amazon is likely to face challenges ahead that will make it difficult to keep its trajectory.</p>

<p>"The backlash against this sector probably will result in stronger government oversight of technology companies," said West.</p>

<p>Kay said Amazon might become "a victim of its own success" and be forced to break up into two or more firms.</p>

<p>Still, he said that "each of those entities would thrive in its own market; I can easily imagine the sum of the parts being greater than the whole, so it might not hurt shareholders."&nbsp;</p>


As he prepares to blast off into a new career stage, Jeff Bezos leaves an enduring legacy after transforming Amazon from a modest online bookseller into one of the world's most powerful corporations.

As he prepares to blast off into a new career stage, Jeff Bezos leaves an enduring legacy after transforming Amazon from a modest online bookseller into one of the world's most powerful corporations. Bezos, 57, was set to hand over the job of Amazon chief executive on Monday to Andy Jassy and turn his attention to his private space exploration firm, philanthropy and other endeavours. He will retain a key role, however, as executive chair at the technology and e-commerce colossus he founded 27 years ago. The transition comes after a spectacular streak for Amazon, which has drawn attention for its innovations. But the firm has also been vilified over business practices that have crushed competitors and raised concerns over the treatment of a workforce of more than one million. "Bezos has been a transformational leader... in bookselling, the retail market, cloud computing and home delivery," said Darrell West, a senior fellow at the Brookings Institution's Center for Technology Innovation. "He was a pioneer who introduced many of the conveniences that people take for granted, such as going to an online store, ordering something, and having it delivered to your home the next day. The whole e-commerce sector owes many of its innovations to this individual." Also read | Don't get me wrong, COVID-19 has not been vanquished: US President Joe Biden In public appearances, Bezos often recounts the early days at Amazon, started in his garage, when he packed up orders himself and drove boxes to the post office. Today, Amazon has a market value of more than $1.7 trillion. It posted 2020 annual revenues of $386 billion from operations in the e-commerce, cloud computing, groceries, artificial intelligence, streaming media and more. 'An instinct' Bezos "had an instinct for the right thing" in finding the next market, said Roger Kay, an analyst at Endpoint Technologies Associates. Kay said Bezos deftly transitioned from books to other merchandise to an online marketplace, and successfully built the cloud infrastructure for the company which became the highly profitable Amazon Web Services. Amazon outlasted its rivals by forgoing profits in its early years "and reinvesting everything into expanding," Kay said. "If you look at the trajectory now, it was all logical," Kay added. "You can say Bezos has been one of the best business architects of his time." Bob O'Donnell of Technalysis Research said Bezos "wasn't the first or the only one, but he took the concept (of e-commerce) and worked to perfect it." Amazon was able to outdo rivals because Bezos "recognized the need to build infrastructure," including the vast network of warehouses, trucks, planes and other logistics for the business, O'Donnell said. "A lot of other companies didn’t want to spend money on the messy behind-the-scenes work." The stunning rise of Amazon has made Bezos into one of the world's richest people, with a net worth close to $200 billion, even after a divorce settlement that gave part of his stake to his ex-wife MacKenzie Scott. Bezos will step away from day-to-day Amazon management to spend more time on projects including his space firm Blue Origin -- which is set to take him into space later this month. He owns the Washington Post newspaper and has devoted time and funds to efforts to fight climate change, while also facing criticism after recent reports that he paid no income tax at all some years. Whither Amazon? His departure leaves questions about the future of Amazon as it faces a torrent of regulatory scrutiny and criticism from activists. US lawmakers are considering a measure that would make it easier to break up Amazon, amid concerns that a handful of Big Tech firms have become too dominant, hurting competition in a way that eventually harms consumers. Amazon was well-positioned during the coronavirus pandemic with its fast delivery of goods and groceries and boosted its US workforce to more than 800,000. While the company has boasted of its $15 minimum wage and other benefits, critics say its relentless focus on efficiency and worker surveillance has treated employees like machines. The Teamsters union recently launched a campaign to organize Amazon employees, claiming its workers "face dehumanizing, unsafe and low-pay jobs, with high turnover and no voice at work." Bezos appeared to respond to worker concerns earlier this year when he called for a "better vision" for employees after a bruising battle over a unionization vote in Alabama, which ultimately failed. He laid out a new goal for the company to be "Earth's best employer and Earth's safest place to work," in his final letter as chief executive. Yet Amazon is likely to face challenges ahead that will make it difficult to keep its trajectory. "The backlash against this sector probably will result in stronger government oversight of technology companies," said West. Kay said Amazon might become "a victim of its own success" and be forced to break up into two or more firms. Still, he said that "each of those entities would thrive in its own market; I can easily imagine the sum of the parts being greater than the whole, so it might not hurt shareholders."

Bezos leaves enduring legacy as he steps away as Amazon CEO

<p><strong>Amazon’s new CEO Andy Jassy, joined Amazon</strong> in 1997 after Harvard Business School, founding AWS and growing it to a cloud platform used by millions of customers.</p>

<p>“I took my last final exam at HBS, the first Friday of May in 1997, and I started Amazon next Monday. No, I didn’t know what my job was going to be, or what my title was going to be. It was super important to the Amazon people that we come that Monday,” Jassy said in a Harvard Business School podcast.</p>

<p>He had been a clear contender for the top job since Amazon created two CEO roles reporting to Jeff Bezos years ago, the other held by recently retired consumer <strong>CEO Jeff Wilke</strong>.&nbsp;</p>

<p>Jassy is known for his perseverance and his ability to sit through seemingly never-ending meetings.</p>

<p>As per Moneycontrol, Amazon entered India with the intention to sell books, films, TV shows, cameras and mobile phones.</p>

<p><a href="https://www.wionews.com/world/iran-hit-ship-thinking-its-owned-by-israeli-who-had-already-sold-stake-395914"><strong>Also read |&nbsp;In Pics | Chinese astronauts conduct first spacewalk</strong></a></p>

<p>However, this changed when it came face-to-face with homegrown e-commerce giant, Flipkart. Ever since then, things have been made very difficult for companies like Amazon to operate in India as there is the added task of having to deal with the likes of native giants as well as increasing revisions by the Indian government on foreign direct investment (FDI).</p>

<p>Therefore, <strong>Jassy’s job in India</strong> becomes not just about expanding and keeping the business thriving but to re-establish a healthy <strong>relationship with the Indian government.&nbsp;</strong></p>

<p>It is very uncertain as to what the<strong> new CEO’s approach</strong> will be.</p>

<p>As far as Bezos is concerned, he has already has focused on other personal enterprises in years past. In a note to employees posted on Amazon's website, he said, "As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions."&nbsp;</p>

<p><strong>Blue Origin is Bezos' space</strong> company. He added, "I've never had more energy, and this isn't about retiring."</p>


Amazon’s new CEO Andy Jassy, joined Amazon in 1997 after Harvard Business School, founding AWS and growing it to a cloud platform used by millions of customers. “I took my last final exam at HBS, the first Friday of May in 1997, and I started Amazon next Monday.

Amazon’s new CEO Andy Jassy, joined Amazon in 1997 after Harvard Business School, founding AWS and growing it to a cloud platform used by millions of customers. “I took my last final exam at HBS, the first Friday of May in 1997, and I started Amazon next Monday. No, I didn’t know what my job was going to be, or what my title was going to be. It was super important to the Amazon people that we come that Monday,” Jassy said in a Harvard Business School podcast. He had been a clear contender for the top job since Amazon created two CEO roles reporting to Jeff Bezos years ago, the other held by recently retired consumer CEO Jeff Wilke. Jassy is known for his perseverance and his ability to sit through seemingly never-ending meetings. As per Moneycontrol, Amazon entered India with the intention to sell books, films, TV shows, cameras and mobile phones. Also read | In Pics | Chinese astronauts conduct first spacewalk However, this changed when it came face-to-face with homegrown e-commerce giant, Flipkart. Ever since then, things have been made very difficult for companies like Amazon to operate in India as there is the added task of having to deal with the likes of native giants as well as increasing revisions by the Indian government on foreign direct investment (FDI). Therefore, Jassy’s job in India becomes not just about expanding and keeping the business thriving but to re-establish a healthy relationship with the Indian government. It is very uncertain as to what the new CEO’s approach will be. As far as Bezos is concerned, he has already has focused on other personal enterprises in years past. In a note to employees posted on Amazon's website, he said, "As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions." Blue Origin is Bezos' space company. He added, "I've never had more energy, and this isn't about retiring."

Meet Andy Jassy, the man who takes over as Amazon's new CEO

<p>Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday.<br />
<br />
Amazon will record the grant of 61,000 shares on July 5, the filing said. That's the date Jassy succeeds Jeff Bezos in the online retailer's first CEO transition since its founding in 1994. As of Friday's close, those shares are worth about $214 million.<br />
<br />
The award's exact value will depend on how the shares are trading when they pay out in future years, encouraging Jassy to grow a company that's worth $1.77 trillion today. Though Amazon did not disclose the vesting schedule, its previous stock grants have not vested right away.<br />
<br />
Jassy's base salary has been $175,000, filings show. On top of that, he has $45.3 million in previously awarded stock that is vesting this year and had $41.5 million vest in 2020.<br />
<br />
The annual median pay at Amazon was $29,007 last year across full, part-time and temporary employees worldwide, excluding Bezos, whose base salary was $81,840. The founder's outsized stake in Amazon has made him the richest person in the world.<br />
<br />
Jassy's vested equity was still smaller than payouts to rival CEOs in the technology industry. Microsoft Corp's Satya Nadella had $215 million in stock vest for the fiscal year ended June 30, 2020, on top of a base salary of $2.5 million, for instance. Apple Inc's Tim Cook had $281.9 million in stock vest, according to its 2021 proxy.<br />
<br />
Some governance experts have criticised such pay schemes because they reward executives irrespective of whether they achieve corporate milestones. Stock grants can be more appropriate for startups than for established companies like Amazon, said, John C&nbsp;Coffee Jr, director of the Center on Corporate Governance at Columbia Law School.<br />
<br />
“It is rewarding compensation a little prematurely,” Coffee said. “It’s like winning the prize for the race before the race is won.”<br />
<br />
Amazon plans to stop its prior biannual stock grants to Jassy, aiming for the latest award to account for most of his compensation in the coming years, a person familiar with the matter said.<br />
<br />
<em>(With inputs from agencies)</em></p>


Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday.

Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday. Amazon will record the grant of 61,000 shares on July 5, the filing said. That's the date Jassy succeeds Jeff Bezos in the online retailer's first CEO transition since its founding in 1994. As of Friday's close, those shares are worth about $214 million. The award's exact value will depend on how the shares are trading when they pay out in future years, encouraging Jassy to grow a company that's worth $1.77 trillion today. Though Amazon did not disclose the vesting schedule, its previous stock grants have not vested right away. Jassy's base salary has been $175,000, filings show. On top of that, he has $45.3 million in previously awarded stock that is vesting this year and had $41.5 million vest in 2020. The annual median pay at Amazon was $29,007 last year across full, part-time and temporary employees worldwide, excluding Bezos, whose base salary was $81,840. The founder's outsized stake in Amazon has made him the richest person in the world. Jassy's vested equity was still smaller than payouts to rival CEOs in the technology industry. Microsoft Corp's Satya Nadella had $215 million in stock vest for the fiscal year ended June 30, 2020, on top of a base salary of $2.5 million, for instance. Apple Inc's Tim Cook had $281.9 million in stock vest, according to its 2021 proxy. Some governance experts have criticised such pay schemes because they reward executives irrespective of whether they achieve corporate milestones. Stock grants can be more appropriate for startups than for established companies like Amazon, said, John C Coffee Jr, director of the Center on Corporate Governance at Columbia Law School. “It is rewarding compensation a little prematurely,” Coffee said. “It’s like winning the prize for the race before the race is won.” Amazon plans to stop its prior biannual stock grants to Jassy, aiming for the latest award to account for most of his compensation in the coming years, a person familiar with the matter said. (With inputs from agencies)

Amazon to grant new CEO Jassy over $200 million in stock

<p>Mitsubishi Electric's CEO has announced that he will step down to take responsibility for "three decades of systematic deceit" during which the Japanese firm falsified inspection data for air conditioners and brake compressors used in trains.</p>

<p>Mitsubishi dents Japan's reputation for high-quality manufacturing, already tarnished by other cases of companies falsifying or covering up test data.</p>

<p>In a news conference, Takeshi Sugiyama said, "I am shocked by this". He also apologised for the falsification and further promised to appoint a successor as early as this month.&nbsp;</p>

<p><a href="https://www.wionews.com/south-asia/myanmar-protesters-burn-junta-leaders-images-on-his-birthday-395520"><strong>Also Read |&nbsp;Myanmar protesters burn junta leader's images on his birthday</strong></a></p>

<p>Sugiyama became CEO in 2018 and has been with Mitsubishi for more than four decades. He said that he regretted not informing shareholders at its annual meeting on June 29. He further said that the company was aware of the air conditioner data problem two weeks before and knew about the air compressor falsifications the day before shareholders met, but chose not to release the information until June 30.</p>

<p>The latest corporate scandal comes amid heightened concern over corporate governance in Japan. This comes after an investigation found managers at Toshiba Corp had colluded with the trade ministry to pressure foreign shareholders.</p>

<p>Japan's economy and trade minister, Hiroshi Kajiyama, said earlier that the government would act if it found that Mitsubishi had broken any laws or regulations.</p>

<p>In the 35 years that Mitsubishi falsified inspection data, it supplied 84,600 air conditioning units to 80 rail companies. It said it shipped 1,500 compressors, used in train brakes and doors, including in Japan's high-speed bullet trains, to 20 mostly domestic companies.</p>


Mitsubishi Electric's CEO has announced that he will step down to take responsibility for "three decades of systematic deceit" during which the Japanese firm falsified inspection data for air conditioners and brake compressors used in trains.

Mitsubishi Electric's CEO has announced that he will step down to take responsibility for "three decades of systematic deceit" during which the Japanese firm falsified inspection data for air conditioners and brake compressors used in trains. Mitsubishi dents Japan's reputation for high-quality manufacturing, already tarnished by other cases of companies falsifying or covering up test data. In a news conference, Takeshi Sugiyama said, "I am shocked by this". He also apologised for the falsification and further promised to appoint a successor as early as this month. Also Read | Myanmar protesters burn junta leader's images on his birthday Sugiyama became CEO in 2018 and has been with Mitsubishi for more than four decades. He said that he regretted not informing shareholders at its annual meeting on June 29. He further said that the company was aware of the air conditioner data problem two weeks before and knew about the air compressor falsifications the day before shareholders met, but chose not to release the information until June 30. The latest corporate scandal comes amid heightened concern over corporate governance in Japan. This comes after an investigation found managers at Toshiba Corp had colluded with the trade ministry to pressure foreign shareholders. Japan's economy and trade minister, Hiroshi Kajiyama, said earlier that the government would act if it found that Mitsubishi had broken any laws or regulations. In the 35 years that Mitsubishi falsified inspection data, it supplied 84,600 air conditioning units to 80 rail companies. It said it shipped 1,500 compressors, used in train brakes and doors, including in Japan's high-speed bullet trains, to 20 mostly domestic companies.

Mitsubishi Electric CEO to quit over long-running data deceit

<p>SoftBank Group Corp CEO Masayoshi Son said on Wednesday share buybacks remain an option, amid a slide in the conglomerate's shares.<br />
<br />
"Buybacks are always on my mind as an important option but when and how big requires balanced thinking," Son said at SoftBank's annual shareholders' meeting, adding that the group also needs to consider alternative uses of its capital.<br />
<br />
Shares in SoftBank, which completed a record 2.5 trillion yen ($22.6 billion) buyback programme in May, have slid amid weakness in tech stocks. That has helped widen its conglomerate discount, the gap between the value of its assets and share price, to about 50%.<br />
<br />
"I believe our potential is much bigger than the discounted share price," said Son, calling on shareholders to take a long-term view on the company.</p>


SoftBank Group Corp CEO Masayoshi Son said on Wednesday share buybacks remain an option, amid a slide in the conglomerate's shares. "Buybacks are always on my mind as an important option but when and how big requires balanced thinking," Son said at SoftBank's annual shareholders' meeting, adding that the group also needs to consider alternative uses of its capital.

SoftBank Group Corp CEO Masayoshi Son said on Wednesday share buybacks remain an option, amid a slide in the conglomerate's shares. "Buybacks are always on my mind as an important option but when and how big requires balanced thinking," Son said at SoftBank's annual shareholders' meeting, adding that the group also needs to consider alternative uses of its capital. Shares in SoftBank, which completed a record 2.5 trillion yen ($22.6 billion) buyback programme in May, have slid amid weakness in tech stocks. That has helped widen its conglomerate discount, the gap between the value of its assets and share price, to about 50%. "I believe our potential is much bigger than the discounted share price," said Son, calling on shareholders to take a long-term view on the company.

Share buybacks remain an option for SoftBank, says CEO Son

<p>Dubai's state&nbsp;airport&nbsp;operator is hoping for a "flood" of travellers as the&nbsp;coronavirus&nbsp;pandemic eases, targeting&nbsp;passenger&nbsp;traffic through&nbsp;Dubai&nbsp;International&nbsp;Airport&nbsp;to grow 8% to 28 million this year as demand rebuilds.</p>

<p>Terminal 1 is reopening this Thursday after a 15-month closure. Operations were consolidated through Terminals 2 and 3 last year as the pandemic took hold.</p>

<p>"People think it will trickle back. I don't believe that. I believe it will be an absolute flood of demand when people get the confidence to travel again,"&nbsp;Dubai&nbsp;Airports Chief Executive Paul Griffiths told Reuters on Sunday.</p>

<p>The&nbsp;airport, one of the world's busiest, could see over 40 million&nbsp;passengers this year if it was "really, really lucky," Griffiths said, though it was likely to be somewhere between 24.7 million and 34.3 million.</p>

<p>"We're comfortable with that mid-range of about 28 (million)."</p>

<p>Terminal 1 has an annual&nbsp;passenger&nbsp;capacity of 18 million, while the entire&nbsp;airport&nbsp;can handle up to 100 million.</p>

<p>Griffiths estimated the terminal's reopening would result in 3,500 additional jobs at the&nbsp;airport, including those working in retail, hospitality, security and immigration.</p>

<p>By the autumn, 90% of the 260 destinations served from&nbsp;Dubai&nbsp;airport&nbsp;prior to the pandemic could be restored, Griffiths said, up from 63% today.</p>

<p><a href="https://www.wionews.com/world/biden-to-host-israeli-president-rivlin-on-june-28-white-house-392663"><strong>Also Read |&nbsp;Biden to host Israeli President Rivlin on June 28: White House</strong></a></p>

<p>Dubai&nbsp;announced on Saturday some restrictions on&nbsp;passengers flying from India, South Africa and Nigeria would ease from Wednesday.</p>

<p>The&nbsp;airport&nbsp;handled 5.75 million&nbsp;passengers in the first quarter, a 67.8% fall compared to the same quarter in 2020 before the pandemic halted traffic.</p>

<p>In 2020,&nbsp;passenger&nbsp;traffic plummeted 70% to 25.9 million from 86.4 million in 2019. The&nbsp;airport&nbsp;is the base of state carriers Emirates and flydubai&nbsp;whose entire operations are&nbsp;international&nbsp;flights.</p>

<p>Over a two-week period starting Thursday, 66 foreign airlines will move from Terminal 2 and 3 to Terminal 1.</p>

<p>Terminal 3, where Emirates operates from, will continue to operate with two of its three concourses for the time being.</p>

<p>Dubai's second&nbsp;airport, Al Maktoum&nbsp;International, will also remain closed to commercial&nbsp;passenger&nbsp;flights.</p>


Dubai's state airport operator is hoping for a "flood" of travellers as the coronavirus pandemic eases, targeting passenger traffic through Dubai International Airport to grow 8% to 28 million this year as demand rebuilds.

Dubai's state airport operator is hoping for a "flood" of travellers as the coronavirus pandemic eases, targeting passenger traffic through Dubai International Airport to grow 8% to 28 million this year as demand rebuilds. Terminal 1 is reopening this Thursday after a 15-month closure. Operations were consolidated through Terminals 2 and 3 last year as the pandemic took hold. "People think it will trickle back. I don't believe that. I believe it will be an absolute flood of demand when people get the confidence to travel again," Dubai Airports Chief Executive Paul Griffiths told Reuters on Sunday. The airport, one of the world's busiest, could see over 40 million passengers this year if it was "really, really lucky," Griffiths said, though it was likely to be somewhere between 24.7 million and 34.3 million. "We're comfortable with that mid-range of about 28 (million)." Terminal 1 has an annual passenger capacity of 18 million, while the entire airport can handle up to 100 million. Griffiths estimated the terminal's reopening would result in 3,500 additional jobs at the airport, including those working in retail, hospitality, security and immigration. By the autumn, 90% of the 260 destinations served from Dubai airport prior to the pandemic could be restored, Griffiths said, up from 63% today. Also Read | Biden to host Israeli President Rivlin on June 28: White House Dubai announced on Saturday some restrictions on passengers flying from India, South Africa and Nigeria would ease from Wednesday. The airport handled 5.75 million passengers in the first quarter, a 67.8% fall compared to the same quarter in 2020 before the pandemic halted traffic. In 2020, passenger traffic plummeted 70% to 25.9 million from 86.4 million in 2019. The airport is the base of state carriers Emirates and flydubai whose entire operations are international flights. Over a two-week period starting Thursday, 66 foreign airlines will move from Terminal 2 and 3 to Terminal 1. Terminal 3, where Emirates operates from, will continue to operate with two of its three concourses for the time being. Dubai's second airport, Al Maktoum International, will also remain closed to commercial passenger flights.

Dubai airport targets 28 million passengers this year, CEO says

<p>HSBC said on Monday that its Asia Pacific Chief Executive Officer (CEO) Peter Wong will retire effective immediately, and is to be replaced by David Liao and Surendra Rosha, who will jointly run the region.<br />
<br />
Liao, who was HSBC's head of global banking for Asia Pacific, and Rosha, who was CEO of HSBC India, will continue to run the region as a single entity and be based in Hong Kong.<br />
<br />
Wong has been CEO of Asia Pacific since February 2010. Last year, he sparked a backlash from the British and US&nbsp;governments when he signed a petition backing China's imposition of a national security law on Hong Kong, breaking years of neutrality for the UK-based, Asia-focused lender.<br />
<br />
Wong is to become non-executive chairman of HSBC Asia Pacific, replacing Laura Cha.</p>


HSBC said on Monday that its Asia Pacific Chief Executive Officer (CEO) Peter Wong will retire effective immediately, and is to be replaced by David Liao and Surendra Rosha, who will jointly run the region.

HSBC said on Monday that its Asia Pacific Chief Executive Officer (CEO) Peter Wong will retire effective immediately, and is to be replaced by David Liao and Surendra Rosha, who will jointly run the region. Liao, who was HSBC's head of global banking for Asia Pacific, and Rosha, who was CEO of HSBC India, will continue to run the region as a single entity and be based in Hong Kong. Wong has been CEO of Asia Pacific since February 2010. Last year, he sparked a backlash from the British and US governments when he signed a petition backing China's imposition of a national security law on Hong Kong, breaking years of neutrality for the UK-based, Asia-focused lender. Wong is to become non-executive chairman of HSBC Asia Pacific, replacing Laura Cha.

HSBC says Asia Pacific CEO Peter Wong to retire

<p>The global pandemic played a key role in an economic downturn with lockdowns and work interruptions.&nbsp;</p>

<p>But the top bosses of some biopharmaceutical companies developing vaccines that are playing a key role in the battle against COVID-19 saw boosts in their annual compensation.</p>

<p>According to a report&nbsp;circulated in media this week, AstraZeneca&nbsp;proposed an increase in Pascal Soriot's long-term share award from 550% to 650% of his £1.3 million base salary.</p>

<p>AstraZeneca has faced several pay revolts over the years, despite the successful turnaround of the company under Soriot, chief executive since 2012.</p>

<p>In 2020, Soriot took home $21.4 million in annual compensation. Soriot’s base pay is $1.79 million. His salary was boosted by an annual bonus of $3.19 million, as well as payouts of $15.4 million under a long-term incentive plan.</p>

<p>Meanwhile, AstraZeneca has been threatened with legal action by the European Union over its delivery of vaccines to the bloc, while missteps over vaccine data have risked undermining the company's reputation.</p>

<p>Today, Canadian province of Alberta reported its first death of a patient from a rare blood clot condition after receiving the AstraZeneca COVID-19 vaccine.</p>

<p>The Alberta case marks the second case of blood clots, and the only death after more than 253,000 doses of AstraZeneca was administered in the province, the statement added.</p>

<p>AstraZeneca did not immediately respond to a media request for comment.</p>

<p><em>(With inputs from agencies)</em></p>


The global pandemic played a key role in an economic downturn with lockdowns and work interruptions. But the top bosses of some biopharmaceutical companies developing vaccines that are playing a key role in the battle against COVID-19 saw boosts in their annual compensation.

The global pandemic played a key role in an economic downturn with lockdowns and work interruptions. But the top bosses of some biopharmaceutical companies developing vaccines that are playing a key role in the battle against COVID-19 saw boosts in their annual compensation. According to a report circulated in media this week, AstraZeneca proposed an increase in Pascal Soriot's long-term share award from 550% to 650% of his £1.3 million base salary. AstraZeneca has faced several pay revolts over the years, despite the successful turnaround of the company under Soriot, chief executive since 2012. In 2020, Soriot took home $21.4 million in annual compensation. Soriot’s base pay is $1.79 million. His salary was boosted by an annual bonus of $3.19 million, as well as payouts of $15.4 million under a long-term incentive plan. Meanwhile, AstraZeneca has been threatened with legal action by the European Union over its delivery of vaccines to the bloc, while missteps over vaccine data have risked undermining the company's reputation. Today, Canadian province of Alberta reported its first death of a patient from a rare blood clot condition after receiving the AstraZeneca COVID-19 vaccine. The Alberta case marks the second case of blood clots, and the only death after more than 253,000 doses of AstraZeneca was administered in the province, the statement added. AstraZeneca did not immediately respond to a media request for comment. (With inputs from agencies)

Major hike in AstraZeneca CEO Pascal Soriot’s bonus prompts investor anger

<p>Google chief executive Sundar Pichai said that the Covid-19 situation in India is dire and the 'worst is yet to come'. Google CEO told CNN that it has been 'heartening' to see the kind of attention people at the highest levels in the United States have been giving to the health crisis unfolding in India and other countries.&nbsp;</p>

<p>“The situation there is dire and it has been heartbreaking to see. And I think the worst is yet to come,” said Pichai.&nbsp;</p>

<p>“What's been heartening, at least being here, is definitely seeing the attention here. I realise that at the highest levels, from President Biden, secretary Blinken, there has been focus on engaging to see how we can help India and the other countries being affected,” Pichai added.&nbsp;</p>

<p>Recently, the first US government assistance flight carrying COVID-19 emergency aid supplies landed in India. &nbsp;</p>

<p>A military aircraft Super Galaxy military transporter brought the first supplies to help India to fight the deadly second COVID-19 wave that has wreaked havoc across the country, straining its healthcare system.&nbsp;</p>

<p>The aircraft is carrying more than 400 oxygen cylinders and other hospital equipment and nearly one million rapid coronavirus tests landed at New Delhi’s international airport.&nbsp;</p>

<p>“The first of several emergency COVID-19 relief shipments from the United States has arrived in India! Building on over 70 years of cooperation, the United States stands with India as we fight the COVID-19 pandemic together. #USIndiaDosti,” the US Embassy tweeted.&nbsp;</p>

<p>India is currently recording a world record infection rate of more than 380,000 cases and 3,500 deaths a day and a huge international aid operation has been launched with dozens of countries promising help.&nbsp;</p>

<p>The delivery, which flew in from the Travis military base in California, followed talks this week between US President Joe Biden and India’s Prime Minister Narendra Modi.&nbsp;</p>

<p>“The United States is delivering supplies worth more than $100 million in the coming days to provide urgent relief to our partners in India,” State Department spokesman Ned Price said. &nbsp;</p>

<p><em>(With inputs from agencies)&nbsp;</em></p>


Google chief executive Sundar Pichai said that the Covid-19 situation in India is dire and the 'worst is yet to come'. Google CEO told CNN that it has been 'heartening' to see the kind of attention people at the highest levels in the United States have been giving to the health crisis unfolding in India and other countries.

Google chief executive Sundar Pichai said that the Covid-19 situation in India is dire and the 'worst is yet to come'. Google CEO told CNN that it has been 'heartening' to see the kind of attention people at the highest levels in the United States have been giving to the health crisis unfolding in India and other countries. “The situation there is dire and it has been heartbreaking to see. And I think the worst is yet to come,” said Pichai. “What's been heartening, at least being here, is definitely seeing the attention here. I realise that at the highest levels, from President Biden, secretary Blinken, there has been focus on engaging to see how we can help India and the other countries being affected,” Pichai added. Recently, the first US government assistance flight carrying COVID-19 emergency aid supplies landed in India. A military aircraft Super Galaxy military transporter brought the first supplies to help India to fight the deadly second COVID-19 wave that has wreaked havoc across the country, straining its healthcare system. The aircraft is carrying more than 400 oxygen cylinders and other hospital equipment and nearly one million rapid coronavirus tests landed at New Delhi’s international airport. “The first of several emergency COVID-19 relief shipments from the United States has arrived in India! Building on over 70 years of cooperation, the United States stands with India as we fight the COVID-19 pandemic together. #USIndiaDosti,” the US Embassy tweeted. India is currently recording a world record infection rate of more than 380,000 cases and 3,500 deaths a day and a huge international aid operation has been launched with dozens of countries promising help. The delivery, which flew in from the Travis military base in California, followed talks this week between US President Joe Biden and India’s Prime Minister Narendra Modi. “The United States is delivering supplies worth more than $100 million in the coming days to provide urgent relief to our partners in India,” State Department spokesman Ned Price said. (With inputs from agencies)

‘Worst is yet to come’, says Google CEO Sundar Pichai on India’s Covid crisis

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