US banking regulators are planning to revive a proposal that would require big banks to defer executive compensation and claw back more of their bonuses if losses pile up, the Wall Street Journal reported on Friday. Six agencies, including the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency, are involved in developing … Read more
Tesla CEO Elon Musk said the electric vehicle giant is giving its artificial intelligence engineers a raise as the automaker tries to fend off poaching efforts by ChatGPT creator OpenAI. The tech billionaire made the revelation in a series of X posts Wednesday, confirming a report from The Information that Tesla machine-learning scientist Ethan Knight left for … Read more
President Bola Tinubu has sent a bill seeking to amend the salaries of judicial officers to the House of Representatives for consideration. This was contained in a correspondence from the president to the House read by Speaker Abbas Tajudeen during plenary on Tuesday. The Executive Bill is titled: ‘A Bill for an Act to prescribe … Read more
New Delhi: Embattled edtech company Byju’s on Sunday announced that it has disbursed a portion of the pending salaries for over 20,000 employees for the month of February. The company has also promised to pay the remaining balance, once it is allowed to use the funds from the recently closed rights issue. “We processed part … Read more
In an unprecedented move, the Bihar government has ordered freezing of the bank accounts of all the state-run universities, barring one, and withheld salaries of their vice-chancellors for allegedly being absent in a review meeting convened by the education department two days ago. Bihar govt withholds salaries of VCs for not attending education dept’s meeting(AFP … Read more
Americans now need to make $120K a year to afford a typical middle-class life and qualify to purchase a home, one expert discusses. “I think most of us in America would define the middle class as somebody who can work a 40-hour-a-week career and can have the income to purchase the average home in America,” … Read more
