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TweakTown News Posts - Page 2069

HTC carves down executive pay after continued damages to their finances

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 22, 2013 9:30 am

HTC have been hurting for quite sometime now, with Apple and Samsung sucking up those precious consumers and even more precious profits. It looks like the Taiwanese company is cutting up executive pay, according to the Wall Street Journal.

 

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Compensation reached $22 million last year, with this figure including salaries, retirement pay, bonuses and profit sharing. These numbers are down 51.3% compared to the $45 million paid in the previous year. HTC chief executive Peter Chou and engineering and operations president, Fred Liu, saw their pay packages drop to $3.3 million last year - the first time in two years - with other executives seeing similar reductions.

 

We could see things turn around with Robert Downey Jr stepping up as the face of HTC, where the company will hand Iron Man himself $12 million to promote HTC around the world. Both HTC and Downey haven't confirmed the deal, but I'm sure we'll hear about it in the days and weeks to come, if it turns out to be true.

If Apple doesn't turn things around, CEO Tim Cook could lose hundreds of millions of dollars in shares

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 22, 2013 8:23 am

Apple has had a shocking past twelve months or so, where we've seen them fall from grace, and fast. I called it out, and was one of the first to see they were about to stumble, and now everyone else seems to have jumped on the TT bandwagon, which is nice.

 

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Now it seems that Tim Cook is about to feel all of that pain, with Apple's board changing the way the CEO's pay packet is handled. Here's what will happen: If Apple's stock outperforms the market over the next eight years, Cook will keep the one million Apple shares he has now - which he was set to receive no matter what happened to Apple stock. But, if Apple's stock continues to dwindle, which I think it will, Cook could lose up to 40% of his shares.

 

When Apple first gave Cook his original package, those one million shares were worth $376 million. At the peak of Apple's shares at the end of last year, those shares were worth a cool $705 million, and today? Just $413 million. Apple filed a document with the SEC, which says Cook "has the full support of the Board of Directors", noting that the way they give out bonuses is being changed to all of Apple's top execs.

Continue reading 'If Apple doesn't turn things around, CEO Tim Cook could lose hundreds of millions of dollars in shares' (full post)

Fox announce release date for the Independence Day sequel

By: Ben Gourlay | More News: Celebrities & Entertainment | Posted: Jun 22, 2013 8:11 am

It's been on-again and off-again since the blockbuster success of the 1996 original, but Twentieth Century Fox have officially dated the first of the mooted Independence Day sequels, once referred to as ID Forever Parts 1 and 2, but announced by Fox simply as Independence Day 2.

 

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Releasing on July 3rd 2015, within weeks of blockbusters such as Star Wars Episode VII, The Avengers 2, Assassins Creed, and likely Jurassic Park 4, Independence Day 2 will be co-written and directed by Roland Emmerich and producer Dean Devlin, the same team that brought us the original.

 

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No firm word yet on casting, but it believed that Will Smith may not star, from comments attributed to Emmerich earlier this year:

 

It's still some of the same characters, but also new younger characters; it's a little bit like the sons take over.

 

It is expected that Bill Pullman who played President Whitmore in the original will return.

Ex-Rooster Teeth contributor, David Dreger, found dead in West Vancouver

By: Anthony Garreffa | More News: Current Affairs | Posted: Jun 22, 2013 7:27 am

Former Rooster Teeth and Achievement Hunter contributor, David "Knuckles Dawson" Dreger has been found dead at Ambleside Park in West Vancouver. His body was noticed yesterday, according to a post by Dreger's family on the Facebook page that was setup to help find him. David's sister Danielle wrote on the page:

 

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We are thankful that the prayers for discovery made by everyone during this time have been answered. It is with deep sadness that we must let you all know that David's body was discovered on June 20 near Ambleside Park. We would like to take this opportunity to thank everyone for their prayers, support and compassion. David was an exceptional, bright, caring and loving young man. We consider ourselves blessed to have had him in our lives, and are comforted knowing that he is now embraced in the arms of our Lord.

 

Dreger, 28, was reported missing in late May after last being seen on May 26 in his hometown of Vancouver. His bike and helmet were found the day after in Stanley Park, and he left his wallet, computer and phone at home, as well as closing his Twitter and Xbox Live accounts. The cause of his death hasn't been released yet.

Twitch.tv goes down, all users will need to restore passwords when it's back online

By: Anthony Garreffa | More News: Internet & Websites | Posted: Jun 22, 2013 6:58 am

Twitch.tv is down, and once it comes back online, all users will be requires to reset their passwords and stream keys. We know this, as the information is coming directly from their blog, which blames the outage on a caching issue with their web CDN partner.

 

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Some were worried that Twitch were hacked, but this isn't the case. The company has stated that they haven't been hacked and it should be back up shortly, but "10s of millions of accounts resets takes quite a bit of time".

Square Enix announces new heads of North American and European studios

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 22, 2013 6:25 am

Square Enix have announced some changes in terms of management at two of their studios - the North American and European studios have had some changes made. The announcements have come after Square Enix spent their fiscal year in the red, seeing layoffs in both the NA and EU which was part of "corporate restructuring".

 

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Darrell Gallagher will now have the responsibilities of all studios under the North American and European studios umbrella, where he will become Square Enix's new Head of Studios. Before he stepped into these shoes, Gallagher was the Studio Head of Crystal Dynamics, a position he'll continue to do for the time being, while suiting up for his new position.

 

Eidos Montreal will be head by former Deus Ex: Human Revolutions executive producer, David Anfossi. While these changes take place, Square Enix Montreal will be "built into a centre of excellence for game development on smart devices (primarily tablets)" with the help of Patrick Naud.

NSA whistleblower leaks information out about British equivalent of NSA, takes data directly from fiber optic cables

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 22, 2013 5:28 am

We all know the United States government and their various agencies such as the NSA, FBI and CIA have counterparts across the world - but NSA whistleblower Edward Snowden has leaked more documents to The Guardian, which suggest British counterparts also intercept data.

 

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The British operation is codenamed "Tempora" by Britain's Government Communications Headquarters (GCHQ) and has been in operation for at least 18 months. This operation involves the use of "intercept probes" which are directly attached to transatlantic fiber-optic cables going onto British shores from telephone exchanges and Internet servers in the US. "Intercept partners", or commercial companies as the documents describe them, were secretly used to attach the intercepts on behalf of the GCHQ.

 

The companies weren't revealed in the documents, but were forced by law to help the GCHQ, and were even paid in some cases. This has allowed the GCHQ to take in countless amounts of data from citizens - with everything from phone calls, to e-mails and Facebook data. The Guardian notes: "For the 2 billion users of the world wide web, Tempora represents a window on to their everyday lives, sucking up every form of communication from the fiber-optic cables that ring the world."

Continue reading 'NSA whistleblower leaks information out about British equivalent of NSA, takes data directly from fiber optic cables' (full post)

Edward Snowden gets slapped with criminal charges by the US government - freedom, what's that?

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Jun 22, 2013 4:27 am

We all know that you can't just talk about the secret programs the United States government and their multiple tentacles like the NSA run, such as PRISM, and if you do you face criminal charges and are branded with the word 'espionage'.

 

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Edward Snowden talked of NSA's top-secret PRISM program, and is now facing charges that include Theft of Government Property, Unauthorized Communications on National Defense Information and "Willful Communication of Classified Information to an Unauthorized Person." My question is, if he is being charged - is this the United States government's way of admitting the system is there? Is now the time for the United States citizens to stand up to the government?

 

We've seen Bradley Manning thrown away in a hole somewhere, Julian Assange hiding out in another country, Kim Dotcom with multiple hits against him and now Edward Snowden. It seems if you come forth with a nugget of information that they don't want the general public to see, they'll build a case against you with everything they've got. The papers say that the US government has asked Hong Kon to detain Snowden Let's all hope Snowden makes it out of this and the Chinese government don't get on their knees to the Obama administration.

'Jobs' trailer finally released, movie will likely hit theaters August 16

By: Trace Hagan | More News: HT & Movies | Posted: Jun 22, 2013 1:06 am

The first full-length trailer for Jobs, an upcoming movie about Steve Jobs, has hit the web. The trailer gives us a better look into how well Ashton Kutcher does playing the eccentric Steve Jobs. The trailer is embedded below for your viewing pleasure. Take a look for yourself:

 

 

Kutcher appears to do a great job playing Steve Jobs and the movie looks to be quite entertaining. The film first premiered back during the Sundance Film Festival, though it has taken a longer period of time than expected to bring it to theaters near you. It looks like the film will be opening in theaters on August 16.

 

Take a look at the trailer and let us know what you think of the movie.

Continue reading ''Jobs' trailer finally released, movie will likely hit theaters August 16' (full post)

Instagram announces they saw 5M videos uploaded in the first 24 hours of Instagram for Videos

By: Trace Hagan | More News: Apps | Posted: Jun 22, 2013 12:32 am

Instagram has shared some statistics about its new videos feature that launched on Thursday. The company notes that they saw five million video uploads in the first 24 hours of the new feature being available. This number surprises me in a few different ways. For one, it shows that Instagram's new video service is viable. At the same time, the number seems lower than I would have thought.

 

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I know at least one of my friends experienced issues with the new feature, sitting for hours waiting for his creative video to process. Other details regarding the new service include that during the Miami Heat championship, users were uploading 40 hours of video every moment.

 

Watching all of the videos posted during the first eight hours would take a year to do. Whether or not video for Instagram will be able to take down competing Vine remains to be seen. Opinions on the new service have been mixed, with some liking it and some arguing that 15 seconds is too long for a video.

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