Business, Financial & Legal News - Page 64

All the latest Business, Financial & Legal news as it relates to tech, gaming, and science - Page 64.

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Here's why Elon Musk is the 'envy' of most CEO's around the country

Jak Connor | Aug 5, 2021 5:41 AM CDT

A new article on Bloomberg has stated that Elon Musk, the Chief Executive Officer (CEO) of SpaceX and Tesla, is the highest-paid CEO in the US.

Here's why Elon Musk is the 'envy' of most CEO's around the country

The Bloomberg piece states that Musk has actually held the role as the highest-paid CEO in the US for three consecutive years. Musk's ambitious drive comes, at least in part, from his all-or-nothing moonshot CEO package with Tesla from three years ago. The package gave him a $33 billion stock award payout if Tesla grew to $650 billion in size within 10 years, which it did - netting Musk that $33 billion.

Since the details of Musk's ambitious package deal surfaced, many executives began to follow with board members, and corporate chiefs reevaluated their current packages. According to Bloomberg, an anonymous consultant that worked with boards at some of the country's largest countries said Tesla executives felt, "The takeaway from Musk's package was that if performance requirements are high enough, it doesn't matter how much we pay."

Continue reading: Here's why Elon Musk is the 'envy' of most CEO's around the country (full post)

UK Navy warns 'potential hijack' of nine people boarding an oil ship

Jak Connor | Aug 4, 2021 5:35 AM CDT

The United Kingdom's Navy has warned of a "potential hijack" of an oil tanker located off the coast of the United Arab Emirates.

UK Navy warns 'potential hijack' of nine people boarding an oil ship

According to the warning from the British navy, an oil tanker boat located off the coast of the United Arab Emirates in the Gulf of Oman was potentially hijacked as the British military's United Kingdom Maritime Trade Operations warned on Tuesday that "an incident was currently underway", and that the incident was a "potential hijack".

The oil tanker is located around 60 miles off the coast of Fujairah, and according to a report from Sky News, a group of nine individuals is suspected of boarding the vessel Asphalt Princess. A security source close to the matter said, "It was an unauthorized boarding in the Gulf of Oman". Iran has denied involvement and according to Saeed Khatibzadeh, a Foreign Ministry spokesperson who spoke about the matter to Iran's state-run media, the attacks in the region were "completely suspicious".

Continue reading: UK Navy warns 'potential hijack' of nine people boarding an oil ship (full post)

Steve Jobs signed job application for Apple in 1973 sells for $343,000

Anthony Garreffa | Aug 3, 2021 9:11 PM CDT

Steve Jobs applied for a job at Apple all the way back in 1973, with his job application selling for a whopping $343,000 -- hell, even the NFT version of it sold for $27,497 (12x less).

Steve Jobs signed job application for Apple in 1973 sells for $343,000

The signed job application will be a prized possession of someone, who paid $343,000 for it... but if you're collecting physical Steve Jobs memorabilia, this is one of the more unique ones, that's for sure. The auction was kicked off by Olly Joshi, who wanted to create awareness regarding the change in "perceived value"... or whatever that means.

He explained: "Will this open a whole new market for decentralized collectibles? Will this cement the status-quo? Or could we see a stalemate with a fresh understanding that both can coexist and even complement one another as we traverse the next 50 years of innovation? Whatever the outcome, the worlds of finance and art will be watching with anticipation".

Continue reading: Steve Jobs signed job application for Apple in 1973 sells for $343,000 (full post)

Kim Jong-Un spotted with 'strange green spot' on the back of his head

Anthony Garreffa | Aug 2, 2021 10:42 PM CDT

The Supreme Leader of North Korea seems to be going through some health-related issues, something that the state media tightly controls any news of -- but recently, North Korea's main TV channel, Korea Central Television, had North Korean citizens concerned for Kim Jong-Un's health.

Kim Jong-Un spotted with 'strange green spot' on the back of his head

This was a month ago... and now, Kim Jong-Un has been spotted with a "strange green dark spot" on the back of his head. The North Korean Supreme Leader was spotted in recent public activities during the week, where there were some photos of him with a green dark spot, and another photo where it was covered up with a rather large bandage.

Kim attended a military event between July 24-27, and then again at a war veteran conference and other events between July 27-29. Before his last public meetings on June 29, Kim Jong-Un did not have these green marks on the back of his head, nor did he have them during his meeting with his favorite band -- the Band of the State Affairs Commission (SAC), a mixed orchestra and chorus band named after Kim's quasi-presidential office.

Continue reading: Kim Jong-Un spotted with 'strange green spot' on the back of his head (full post)

Elon Musk asked Tim Cook for Apple to buy Tesla, Cook refused to meet

Anthony Garreffa | Aug 1, 2021 10:20 PM CDT

Can you imagine if Apple had acquired Tesla last year? It could've happened, as Elon Musk requested a meeting with Apple CEO Tim Cook about the company buying Tesla. Cook refused the meeting, and that was that.

Elon Musk asked Tim Cook for Apple to buy Tesla, Cook refused to meet

We're hearing about this again because of a new book by Wall Street Journal reporter Tim Higgins, called Power Play. Elon tweeted out a few days ago to clarify what happened, where he first off called Higgins' new book "both false *and* boring".

Musk continued, adding: "Cook & I have never spoken or written to each other ever. There was a point where I requested to meet with Cook to talk about Apple buying Tesla. There were no conditions of acquisition proposed whatsoever. He refused to meet. Tesla was worth about 6% of today's value".

Continue reading: Elon Musk asked Tim Cook for Apple to buy Tesla, Cook refused to meet (full post)

DOJ sells Pharma Bro's exclusive Wu-Tang Clan album for millions

Anthony Garreffa | Jul 28, 2021 10:27 PM CDT

This is another one of those articles that I never thought that I would be writing, but Martin Shkreli who is better known as "Pharma Bro" has had his one-of-a-kind Wu-Tang Clan album seized and sold by the Department of Justice.

DOJ sells Pharma Bro's exclusive Wu-Tang Clan album for millions

Pharma Bro purchased the only copy ever made of Wu-Tang Clan album "Once Upon a Time in Shaolin" back in 2015 for $2 million, but the US Department of Justice cashed in on it, selling it for an undisclosed amount of money. But whatever they sold it for, it has cleared the "Forfeiture Money Judgment" that Shkreli had (around $7.4 million) which with the sale of the one-of-a-kind album, Pharma Bro has now fully paid off.

The DOJ used the sale of the album as a "substitute asset" and as a "forfeiture money judgment" towards Shkreli's debts.

Continue reading: DOJ sells Pharma Bro's exclusive Wu-Tang Clan album for millions (full post)

Elon Musk: population collapse is greatest risk to our civilization

Anthony Garreffa | Jul 28, 2021 7:08 PM CDT

Elon Musk is no stranger to making headline-creating comments, this time he has tweeted about his worries of population collapse being the greatest risk to the future of the human civilization. At the end of the article, I've got a great video that compiles the many times Musk has talked about population collapse.

Elon Musk: population collapse is greatest risk to our civilization

The Wall Street Journal penned a piece titled "US Population Growth, an Economic Drive, Grinds to a Halt" -- Musk shared the article and then added: "Population collapse is potentially the greatest risk to the future of civilization". Well, I guess we're all doomed -- especially if you've watched the TV show "Utopia".

Things begin to make sense when you consider Musk wants off this planet ASAP, and wants to colonize Mars. This isn't the first time that the SpaceX and Tesla founder has talked about his concerns over population collapse, where two weeks ago on July 15, he tweeted: "I'm trying to set a good example! Population collapse is a much bigger problem than people realize and that's just for Earth".

Continue reading: Elon Musk: population collapse is greatest risk to our civilization (full post)

Vigilante app Citizen will PAY YOU to livestream crime scenes in USA

Anthony Garreffa | Jul 27, 2021 8:32 PM CDT

An app launched in 2016 called Vigilante, but was quickly removed from the iOS App Store -- returning as Citizen, and is paying Americans to live stream crime scenes and emergencies -- and they pay really, really well.

Vigilante app Citizen will PAY YOU to livestream crime scenes in USA

Citizen is hiring "field team members" with offers of $200 to $250 per day if they can find, and live stream events in their areas. These events can include children going missing, house fires, or "anything else". Citizen would like you to interview witnesses and police officials, too.

The company is posting job listings, which state: "You will need to be very quick on your feet, not only in terms of going live during moments that provide value to its users and support the app's mission, but being able to locate and incorporate interviews on-the-fly that contribute to the live stream".

Continue reading: Vigilante app Citizen will PAY YOU to livestream crime scenes in USA (full post)

Putin warns Russia will carry out a 'unpreventable strike' if required

Jak Connor | Jul 26, 2021 3:34 AM CDT

Russian President Vladimir Putin has warned that Russian military forces are authorized to carry out what he describes as an "unpreventable strike" if required.

Putin warns Russia will carry out a 'unpreventable strike' if required

On Sunday, Russian President Vladimir Putin said that Russia is capable of detecting any underwater, above water, or airborne enemies. Putin continued and said that "if required," the Russian navy will "carry out an unpreventable strike against it [detected enemies]". Putin dropped this warning on Sunday during a navy day parade in St Petersburg.

These heavy words from the Russian president come only weeks after Russia said that it had fired warning shots and dropped bombs in the path of a British warship that was in Crimea waters. However, the British military said that all of the shots fired were a pre-announced Russian "gunnery exercise" and that there were no bombs dropped at all. If you are interested in reading more about this story, check out this link here.

Continue reading: Putin warns Russia will carry out a 'unpreventable strike' if required (full post)

Firefighter boss killed in California wildfire caused by gender reveal

Jak Connor | Jul 22, 2021 3:31 AM CDT

A gender reveal party sparked a Southern California wildfire that killed a leader of an elite firefighting team.

Firefighter boss killed in California wildfire caused by gender reveal

Authorities announced on Tuesday that the couple has been charged with involuntary manslaughter and has pleaded not guilty. CBS Los Angeles reports that the couple is facing up to 20 years behind bars if the court convicts them of their many charges. The wildfire was sparked on September 5 when the couple decided to have a baby gender reveal at El Dorado Ranch Park in Yucaipa, at the foot of the San Bernardino Mountains.

According to Cal Fire, the wildfire was ignited by a "smoke generating pyrotechnic device, used during a gender reveal party." The wildfire raged on for many weeks and was eventually put out on November 16 after it had burned 22,680 acres throughout the Oak Glen/Yucaipa Ridge area. On September 16, firefighters were caught in a remote area where they were cutting fire breaks. Unfortunately, Charlie Morton, the 39-year-old leader of the Big Bear Interagency Hotshot Squad, was caught in the blaze and was killed.

Continue reading: Firefighter boss killed in California wildfire caused by gender reveal (full post)