Our website uses cookies to improve and personalize your experience and to display advertisements (if any). Our website may also include third-party cookies such as Google Adsense, Google Analytics, and YouTube. By using the website, you agree to the use of cookies. We have updated our Privacy Policy. Click the button to view our Privacy Policy.

Science and Technology

Elon Musk’s  Billion Tesla Pay Was Struck Down. What Happens Next?

Elon Musk’s $50 Billion Tesla Pay Was Struck Down. What Happens Next?

A Delaware judge’s decision to void the pay package that helped make Elon Musk the world’s richest person leaves Tesla’s board with some difficult decisions to make.Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery on Tuesday ordered Tesla to cancel stock options awarded to Mr. Musk, the electric car company’s chief executive, worth about $50 billion. Now the company’s directors must figure out a new compensation plan that can pass legal muster and satisfy Mr. Musk, who recently demanded that the board substantially increase his ownership of Tesla.Tesla and Mr. Musk could appeal the court decision. Mr.…
Read More
Elon Musk’s Tesla Pay Package Is Voided by Judge

Elon Musk’s Tesla Pay Package Is Voided by Judge

Elon Musk, the chief executive of Tesla, suffered a stunning rebuke Tuesday when a Delaware judge voided the pay package that helped make him a billionaire many times over and the world’s wealthiest human being.In a decision that cast a harsh light on the behavior of Mr. Musk and Tesla’s board of directors, Chancellor Kathaleen St. J. McCormick of the Delaware Court of Chancery said the chief executive had effectively overseen his own compensation plan — currently worth about $50 billion — with the help of compliant board members.“The process leading to the approval of Musk’s compensation plan was deeply…
Read More
Ring to Stop Allowing Police to Request Videos From Security Cameras

Ring to Stop Allowing Police to Request Videos From Security Cameras

Ring, a home security camera company owned by Amazon, said that it would stop letting police departments request users’ footage in its app amid longstanding concerns from privacy advocates about the company’s relationship with law enforcement.Eric Kuhn, the general manager of subscriptions and software for the Ring app Neighbors, announced on Wednesday that the company was shutting down a feature that allowed the police to request and receive videos from users of the app, a social platform similar to Nextdoor and Citizen where people can share alerts about crime near their home.Mr. Kuhn did not say why Ring was eliminating…
Read More
Hottest Job in Corporate America? The Executive in Charge of A.I.

Hottest Job in Corporate America? The Executive in Charge of A.I.

In September, the Mayo Clinic in Arizona created a first-of-its-kind job at the hospital system: chief artificial intelligence officer.Doctors at the Arizona site, which has facilities in Phoenix and Scottsdale, had experimented with A.I. for years. But after ChatGPT’s release in 2022 and an ensuing frenzy over the technology, the hospital decided it needed to work more with A.I. and find someone to coordinate the efforts.So executives appointed Dr. Bhavik Patel, a radiologist who specializes in A.I., to the new job. Dr. Patel has since piloted a new A.I. model that could help speed up the diagnosis of a rare…
Read More