Tax Strategists are Positioned to Influence Critical Business Matters
CHICAGO--(BUSINESS WIRE)--Jun 14, 2023--
2023-06-14 21:28
Zoom CEO raises eyebrows by saying people need to go back to the office
Zoom CEO Eric Yuan told staff an all-hands meeting earlier this month that he wants employees to return to in-person work because Zoom is making them too “friendly” and unable to build trust. “Over the past several years, we’ve hired so many new ‘Zoomies’ that it’s really hard to build trust,” Mr Yuan says in the audio, which was obtained and first reported by Insider. “We cannot have a great conversation. We cannot debate each other well because everyone tends to be very friendly when you join a Zoom call.” Mr Yuan’s thoughts were accompanied by action: On 3 August, Zoom instituted a new policy requiring employees who live within 50 miles of a physical Zoom office to report to work at least two days per week. The return to the office policy at Zoom is striking considering that it was the Covid-19 pandemic and resulting stay-at-home orders that turned the platform from one few people had ever heard of to a part of everyday life for millions. But Mr Yuan is not alone among senior executives at tech firms. Apple, Meta, and Amazon have all instituted return-to-work policies in recent months, angering employees who have enjoyed the increased flexibility afforded by work-from-home policies. Since Covid-19 vaccines have facilitated the re-opening of the economy, workers and bosses in many sectors have clashed over the importance of in-person work and the ability of companies to exercise control over their employees whereabouts and schedules. Some, like Zoom and a number of other tech companies, have adopted hybrid policies in which workers are required to come into the office on certain days of the week but are allowed to work from home on others. But even those companies have faced backlash from workers, many of whom were hired at a different stage of the pandemic when most or all work at their respective companies was being conducted remotely. Mr Yuan’s comments, which were not meant for public consumption, may provide a measure of insight into how he and other top executives truly feel about Zoom and remote work more broadly — suggesting that it somehow limits innovation by not allowing for the sometimes uncomfortable kinds of interactions that can build trust. Mr Yuan, who was born and raised in China, moved to Silicon Valley during the late 1990s. He founded Zoom more than a decade ago and became a multibillionaire during the pandemic. Read More Maui residents are still reeling from wildfire devastation. Now investors and realtors are trying to cash in
2023-08-25 03:25
Jack Dorsey says Indian government threatened to ‘shut Twitter down’ and raid staff homes
Twitter co-founder Jack Dorsey has accused the Indian government of putting pressure on the social media company to block accounts critical of the government amid the long-running farmers’ protest in 2021. Mr Dorsey, who was still the platform’s chief at the time before its takeover by Elon Musk, said India placed “many requests” during the months-long farmers protests. “India for example, India is one of the countries which had many requests around farmers protests, around particular journalists which were critical of the government,” the former Twitter chief, who stepped down from the company’s board last year, said in a new interview with the YouTube channel Breaking Points. “It manifested in ways such as ‘we will shut Twitter down in India’… ‘we would raid the homes of your employees’, which they did; ‘we will shut down your offices if you don’t follow suit’. And this is India, a democratic country,” Mr Dorsey said. The protests in 2021 forced the Indian government to repeal laws that would have seen the biggest reforms to Indian agriculture in decades. Farmers drove tractors from agrarian states surrounding Delhi to block traffic on major roads into the capital city. Amid the protests, the Indian government allegedly threatened to punish Twitter employees with fines and jail terms of up to seven years for failing to suspend accounts deemed critical of the Modi administration. It demanded that Twitter block over a thousand accounts, including those tweeting under the hashtag “ModiPlanningFarmerGenocide”, arguing that the phrase was inflammatory. Following this, the social media company made over 250 accounts inaccessible to its India-based users, including that of the investigative news magazine The Caravan. The move was later reversed after a major public outcry. Twitter told the Indian government at the time that it would not comply with the directive to ban some accounts and tweets as they either constituted “free speech” or were “newsworthy”. Mr Dorsey compared India’s behaviour to that of Turkey. “We had so many requests from Turkey. We fought Turkey in their in their courts and often won but they threatened to shut us down constantly,” he said. Indian IT minister Rajeev Chandrashekar rejected the former Twitter chief’s claims that the Modi government put pressure on the social media company, calling it “an outright lie,” and “an attempt to brush out that very dubious period of Twitter’s history.” “Twitter under Dorsey and his team were in repeated [and] continuous violations of India law. As a matter of fact they were in non-compliance with law repeatedly from 2020 to 2022 and it was only June 2022 when they finally complied,” Mr Chandrashekar said. The minister alleged that Twitter had a problem accepting the “sovereignty of India law,” and behaved “as if the laws of India did not apply to it”. “No one went to jail nor was Twitter ‘shut down’ ... India as a sovereign nation has the right to ensure that its laws are followed by all companies operating in India,” Mr Chandhrashekar said. “During the protests in January 2021, there was a lot of misinformation and even reports of genocide which were definitely fake,” the minister said, adding that the Indian government “was obligated to remove” them from the platform as it had the potential to “further inflame the situation based on fake news”. Mr Dorsey also commented on Twitter’s regime under Tesla and SpaceX chief Elon Musk, calling some of his moves “fairly reckless”. After taking over Twitter in October, Mr Musk proceeded to cut costs at the company and slash over three quarters of the firm’s workforce. “I think it set up a dynamic where he had to be very hasty, he had to be impatient, and he had to move as quickly as possible with features even if they weren’t fully thought out... It all looked fairly reckless,” Mr Dorsey said. Read More Twitter’s new chief echoes Elon Musk’s goal in first memo to employees Put ‘public good’ at heart of AI and new tech, Starmer to say Elon Musk is hilariously shut down by his ‘favourite’ podcast Bluesky, championed by Jack Dorsey, was supposed to be Twitter 2.0. Can it succeed? Jack Dorsey endorses Robert F Kennedy Jr for president Jack Dorsey says Twitter ‘went south’ after company’s sale to Elon Musk
2023-06-13 15:51
Glass-infused paint offers cooling breakthrough
Researchers have come up with a new form of glass-infused paint that they claim can reduce vast amounts of electricity used by air-conditioning units. The E-Coating paint, invented by Hoi Fung Ronaldo Chan and Can Jovial Xiao, uses recycled waste glass to create a reflective cooling cover that can be applied to roofs and walls to reflect the Sun’s rays. The innovation was among the 2023 James Dyson Award global winners, announced on Wednesday, which grants £30,000 to support the next stages of its development. “We invented E-Coating with a desire to help tackle the serious environmental problems our planet is facing,” said inventor Ronaldo Chan. “The prize money will allow us to further our research and development goals and start a company to take our invention to the next level.” Mr Chan and his fellow inventors plan to use the money to improve the E-Coating’s adhesion and ease of application, as well as investigate new formulas for indoor use. “Ronaldo and Can Jovial Xiao have come up with a clever way to turn waste into something much more valuable,” said James Dyson. “It is a dual solution that is good for the environment and saves money.” Other winners of the awards include a hands-free IV device that allows medics in disaster zones to transport patients without having to hold up IV packs, as well as a ‘Life Chariot’ that serves as an off-road trailer that can be used for medical evacuations. The success of the E-Coating comes just one week after scientists demonstrated a new ultra-white ceramic material that can reflect 99.6 per cent of sunlight – a record high. An experiment with the material on a house roof was able to reduce electricity consumption for cooling by more than 20 per cent. The development of the ceramic is still in the experimental stages, with a study published in the journal Science on 9 November, however the researchers claim it could be easily mass produced using common materials. Read More Scientists invent device to keep brain alive while severed from the body
2023-11-15 18:25
Musk threatens to sue researchers who documented the rise in hateful tweets
A nonprofit organization that researches links between social media, hate and extremism has been threatened with a lawsuit by X, the social media platform formerly known as Twitter
2023-07-31 23:49
Save 16% on this portable Nintendo Switch docking station
TL;DR: As of June 13, the 3-in-1 Nintendo Switch Docking Station is on sale for
2023-06-13 17:53
Goldman to pay $5.5 million to settle US CFTC accusations it failed to keep cell phone records
(Reuters) -Goldman Sachs will pay a $5.5 million civil penalty to settle allegations it failed to keep records of staff
2023-08-30 01:21
A grad student 'full of dreams and hopes' was fatally struck by a police car. What an officer said about her later has sparked outrage from Seattle to Capitol Hill
An effervescent young woman with a bubbly laugh and a radiant smile. A stellar student on the cusp of earning her master's degree. A beloved daughter making her mark thousands of miles from home.
2023-09-21 02:46
Biden administration unveils new crypto tax reporting rules
By Hannah Lang Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users'
2023-08-25 20:55
These Stocks Are Moving the Most Today: J&J, Bank of America, Goldman, Lockheed, Ericsson, NetScout, and More
Johnson & Johnson, Bank of America, and Goldman Sachs are scheduled to report third-quarter earnings on Tuesday, Ericsson slumps after withdrawing margin guidance, and NetScout reduces its outlook for fiscal 2024.
2023-10-17 16:51
Chronus Announces Former UserTesting Executive David Satterwhite as New CEO
SEATTLE--(BUSINESS WIRE)--Sep 8, 2023--
2023-09-09 02:19
JLR taps Everstream Analytics' AI to dodge supply chain problems
By Nick Carey LONDON JLR said on Monday it has partnered with supply chain mapping and risk analytics
2023-06-19 07:17
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