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Sergey Chemezov, a close associate of Russian President Vladimir Putin, has raised an alarm. He believes that most Russian companies might go bankrupt due to the sky-high interest rates. Chemezov, who heads the state-owned Rostec, made these comments while speaking to the Federation Council earlier

Microsoft CEO Takes Pay Cut After Security Breaches

Microsoft's CEO, Satya Nadella, saw a significant pay increase for the fiscal year 2024, reaching $79. 1 million. However, this amount was $5. 5 million less than it could have been due to several cybersecurity incidents. Nadella's compensation was mainly in the form of stock. The board's compensati

Microsoft's Big Boss Gets Big Bonus, While Workers Lose Jobs

Microsoft has been making headlines for laying off over 2, 500 gaming division workers this year. Meanwhile, the company's CEO, Satya Nadella, received a massive $79 million bonus. This bonus is a significant increase from last year's $48. 5 million. The company, now worth a staggering $3 trillion,

TSMC's First U. S. Chip Plant: Ahead of the Game

In a surprising turn of events, Taiwan Semiconductor Manufacturing Company's (TSMC) first U. S. chip plant in Phoenix, Arizona, is showing more promise than its plants back home. The plant's production yields are about four percentage points higher than those in Taiwan. This good news for TSMC could

How to Build an Innovative Company: Jon McNeill's Simple Steps

Jon McNeill, the former president of Tesla and Lyft, shared his insights on innovative thinking during the World Business Forum in New York City. He introduced the idea of "innovation by subtraction, " which emphasizes simplifying goals and processes to achieve massive success. McNeill highlighted T

Apple's Secret Mission: Saving an Engineer's Grandma

In 2023, Apple stepped in to help an employee's grandmother escape the dangerous situation in Ukraine. This wasn't just a simple favor—it was a full-scale operation. Apple's security team sprang into action, hiring contractors, translators, and drivers to safely coordinate her grandma's exit from Kh

Mercedes-Benz Tightens Belt as Profits Fall by Half

Mercedes-Benz is going all-in on cost cuts after seeing its profits drop significantly, with the blame mostly on weak demand in China. The German luxury carmaker kicked off a cost-cutting mission after its net profit went from $4 billion to $1. 9 billion in the third quarter. That's a dramatic cut f

Microsoft CEO’s Pay Soars Despite Requesting a Cut

Imagine this: Microsoft's boss, Satya Nadella, actually asked for a pay cut. But did it happen? Nope! His total compensation jumped by 63% to a whopping $79 million in fiscal 2024. Why the big increase? Well, his salary did drop by 50%, but other parts of his pay, like stock awards, skyrocketed. Thi

Houston Rockets Fans Fly in Style with EVA Air

This season, Houston Rockets fans are in for a treat as they fly to Taiwan with EVA Air. The airline, which is the official partner of the NBA team, is celebrating its one-year anniversary with some cool, exclusive travel items. Imagine this: you're at George Bush Intercontinental Airport, ready to

Vanguard's Smart Moves for Income as Rates Drop