Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<keyword id="24240143" type="General" weightage="20" keywordseo="Chennai-International-Airport" source="keywords" meta.keywordsubtype="org" meta.entityname="Chennai International Airport" meta.hostid="261" meta.entityid="Chennai International Airport">Chennai International Airport</keyword> has been temporarily shut down till 7 PM on Saturday in view of <keyword id="24172195" type="General" weightage="100" keywordseo="Cyclone-Fengal" source="keywords">cyclone Fengal</keyword> making landfall today evening. As heavy rainfall and strong winds intensified ahead of the cyclone, it is expected to cross between Karaikal and Mahabalipuram coasts, near Puducherry tonight. Multiple airlines companies already issued travel advisories and updates on their flight plans due to the continuing heavy rainfall in Chennai Tamilnadu. Earlier, <keyword id="19900374" type="General" weightage="20" keywordseo="IndiGo-airlines" source="keywords" meta.keywordsubtype="org" meta.entityname="IndiGo airlines" meta.hostid="261" meta.entityid="IndiGo airlines">IndiGo airlines</keyword> diverted all flights scheduled to come to Chennai. "Due to the impact of CycloneFengal in Chennai, flights operating to the city are being diverted. Our crew and airport teams are dedicated to providing all possible support &amp; assistance during this time. We sincerely appreciate your patience and understanding," the X post by IndiGo said. Meanwhile, security at the Puducherry coast has also increased as Puducherry Senior Superintendent of Police, Kalaivanan visited the beaches and the coastal roads in the region and inspected them for preparedness. The authorities have advised the public to not visit beaches in Puducherry as well as in Tamil Nadu's Chennai, including Marina Beach, Pattinapakkam and Edward Elliot Beach. The tourist spots in Puducherry have been closed as a precautionary measure, owing to the impending cyclone Fengal. <keyword id="24240138" type="General" weightage="20" keywordseo="Puducherry-police" source="keywords">Puducherry Police</keyword> in a post on X advised citizens, "In view of Cyclone Fengal, we urge you to exercise extreme caution and avoid visiting beaches and coastal areas" The SSP said that 300 police personnel have been deployed on various coastal roads and beaches. "For the last four days, we have been deploying police personnel along the beaches and apart from that we are also informing the fishermen and people living in the low-lying areas to be careful. Fishermen are not venturing into the sea. Since last night, we have closed all beaches. We have deployed nearly 300 personnel across all the beaches of Puducherry and we are coordinating with the NDRF also," the SSP said. The coastal areas of Puducherry witnessed rough sea and gusty winds on Saturday morning due to the impact of the cyclone. Puducherry received moderate rain, as per IMD, in the morning today but the rough sea was seen more than usual.

Cyclone Fengal: Chennai airport shut till 7 PM

8 affordable international honeymoon destinations for a cosy winter escape

Internal Tesla database shows why workers might accept lower salaries

<ul class="summary-list"><li>Amazon's sales of cheap items are surging, driven by faster delivery speeds, executive says.</li><li>Amazon's essential product sales are growing 50% faster than other items.</li></ul>The sales of cheaper items are surging on <a target="_blank" class="" href="https://www.businessinsider.com/amazon-ceo-explains-why-he-wants-fewer-managers-hate-bureaucracy-2024-11">Amazon</a>.During a recent internal all-hands meeting, Amazon's retail CEO <a target="_blank" class="" href="https://www.businessinsider.com/profile-of-amazons-new-retail-ceo-doug-herrington-2022-7">Doug Herrington</a> said that the everyday essentials business, which includes health, beauty, and grocery products, is "growing 50% faster than the rest of the store," according to a recording of the event obtained by Business Insider.The growth is primarily driven by faster delivery speeds because people tend to spend more and shop more frequently when orders arrive quickly, Herrington said. Over 50% of those everyday essentials are now delivered on the same or next day, he added."It has really supercharged our grocery and everyday essential business," Herrington said, referring to faster shipping speeds. "And these are especially the low-priced everyday essentials, the things that most households purchase every week."Amazon has been investing heavily to make its warehouse and logistics network more regional. The goal has been to not only speed up deliveries, but also make it less expensive for the company to offer faster delivery.<h2 id="c0dfe482-5c31-44d1-a35d-fdfab5fe3a43">No longer "CRaP"</h2>Lower costs help Amazon offer cheaper products, which often come with thinner profit margins. This is a notable shift from the company's previous strategy of curbing sales of such products. Internally, Amazon used to refer to these products as <a target="_blank" href="https://www.businessinsider.com/amazon-wants-to-stop-selling-unprofitable-items-report-2018-12">"CRaP," or "can't realize a profit,"</a> because they were relatively expensive to ship and less profitable.Amazon's <a target="_blank" class="" href="https://www.businessinsider.com/amazon-andy-jassy-wooed-wall-street-overhauled-bloated-tech-giant-2024-7">record profits</a> in recent years, alongside <a target="_blank" class="" href="https://www.businessinsider.com/amazon-layoffs-10000-employees-grand-challenge-team-dramatic-changes-2022-11">drastic cost cuts</a> and major layoffs, are also contributing to the new approach. The change can potentially help Amazon better compete against Chinese e-commerce upstarts Temu and Shein, which are rapidly growing on the back of cheap items. Shein, for example, is expanding to sell more daily essentials, like toothpaste, skincare, and toys, Reuters reported.Amazon's spokesperson declined to comment.<h2 id="27100129-02ac-43d6-9461-8899978fdf94">'Perfect placement'</h2>During the recent all-hands meeting, Herrington said Amazon deliveries have become faster and cheaper after the company redesigned its network of warehouses to serve smaller regions. Now, Amazon has more warehouses assigned to customers close by, which allows for faster order fulfillment.As a result, Amazon has been able to reduce the "cost to serve" each order for two years in a row, while achieving the fastest delivery speeds for Prime shipments this year, Herrington added."We call that effort perfect placement," Herrington said.In October, Amazon CEO Andy Jassy said the company has been "maniacal" about lowering the cost to serve in recent years. It's a real competitive advantage because now Amazon can afford to sell lower-priced items economically, he said."There's an expression that we've used a lot of times over the years that it's easy to lower prices, but it's much harder to be able to afford to lower prices," Jassy said during a call with analysts.<h2 id="c402255a-a3e2-42e8-8f7f-81912d344b85">'Real positive'</h2>During last month's analyst call, Jassy added that the growth of cheaper items is a "real positive" because it is predicated on faster delivery speeds. He said that this usually leads to growth in customer loyalty, order frequency, and purchase volume."We see the ability to unlock whole new elements of the consumer spend," Jassy said.Brian Olsavsky, Amazon's CFO, added that strong growth in everyday essentials is a positive sign of Amazon becoming a part of consumers' daily shopping habits.Evercore analyst Mark Mahaney wrote in a recent note that the shift is important for Amazon, especially since its most loyal Prime membership base is <a target="_blank" href="https://www.businessinsider.com/amazon-prime-growth-takes-off-again-record-75-americans-use-2024-4">growing at a slower pace</a>."While the growth in those categories represents a negative mix shift in terms of margins, it increases shopper loyalty, shopping frequency and increases the basket size — important if the total Prime HH membership base in the US is maturing," Mahaney wrote.Amazon is doubling down on these efforts. Herrington said in the recent all-hands meeting that Amazon is investing in new warehouse robotics technology that can further improve packaging speed. It's also expanding its rural area network and drone delivery service, he said."The most important part is that customers are loving our faster speeds and we know they're loving it because they're shopping more," Herrington said.Do you work at Amazon? Got a tip?Contact the reporter, Eugene Kim, via the encrypted-messaging apps Signal or Telegram (<a target="_blank" rel="noopener noreferrer nofollow" class="c-link">+1-650-942-3061</a><a target="_blank" rel=" nofollow">) or email (</a><a target="_blank" href="mailto:ekim@businessinsider.com">ekim@businessinsider.com</a><a target="_blank" rel=" nofollow" href="mailto:ekim@businessinsider.com">). Reach out using a non</a>work device. Check out Business Insider's <a target="_blank" rel="" href="https://www.businessinsider.com/insider-guide-to-securely-sharing-whistleblower-information-about-powerful-institutions-2021-10">source guide for other t</a>ips on sharing information securely.

In leaked internal meeting, Amazon retail chief says sales of cheaper items are surging

Last year, Meta made waves with the launch of its Ray-Ban smart glasses, combining sleek design with cutting-edge technology. The glasses allow users to interact with Meta’s AI, record their surroundings through a built-in camera, and more, bringing the future of wearable tech to life. A couple of days back, reports of <keyword id="19894961" type="General" weightage="20" keywordseo="apple" source="keywords">Apple</keyword> working on a similar smart glasses product made headlines. Now, fresh reports say that the Cupertino-based tech giant is conducting an internal survey to get a sense of existing smart glasses in the market. According to Bloomberg’s Mark Gurman, Apple is currently conducting internal research to develop these smart glasses. The study, led by the company’s Product Systems Quality team, seeks employee feedback to understand the potential of smart glasses and their key features. This internal survey, a part of Apple’s product development strategy, asks participants to evaluate existing smart glasses available on the market. The feedback collected from these focus groups will be crucial for Apple as it looks to understand the demand and fine-tune features that could be incorporated into its product. While it’s still early in the process, these developments suggest that Apple is planning to enter the smart glasses market in the next few years, with a product that may directly compete with Meta’s Ray-Ban glasses. <div type="Article" hostid="261" msid="115003223" title="Nvidia becomes world's largest company amid AI boom, surpasses Apple in the race" mstype="2" mssubtype="0"></div> Reports also suggest that these smart glasses could serve as a stepping stone toward more complex augmented reality (AR) devices. Although Apple is reportedly facing challenges in developing fully functional AR glasses due to both technical and financial hurdles, the smart glasses could represent an interim solution, offering a blend of useful features without venturing too far into the AR space just yet. If these smart glasses are developed, they could serve as an upgrade to Apple’s existing wearable ecosystem. The glasses would expand Apple’s range, offering a more immersive and interactive experience for users without diving straight into the complexities of AR. Given Apple’s reputation for creating seamless and integrated experiences, these smart glasses could become an essential part of its growing wearable portfolio. As Apple moves forward with its smart glasses project, the company seems determined to create a product that will stand out in a crowded market. With Meta already established with its Ray-Ban smart glasses, Apple will need to leverage its ecosystem and innovations to differentiate itself and capture the interest of consumers. It remains to be seen when these smart glasses will hit the market, but their development suggests that Apple is gearing up for another exciting launch in the wearables space. SEE ALSO: <a class="block mb-2 font-medium text-sm text-[#096ffa] hover:text-blue-700 visited:text-blue-600 " href="https://www.businessinsider.in/tech/news/apple-was-scammed-of-2-5-million-by-two-men-here-is-what-happened/articleshow/114039742.cms">Apple was scammed of $2.5 million by two men, here is what happened</a> <a href="https://www.businessinsider.in/tech/news/apple-planning-to-work-on-smart-glasses-similar-to-metas-ray-ban-and-airpods-with-camera/articleshow/114203219.cms" data-type="tilCustomLink" target="_blank">Apple working on smart glasses similar to Meta’s Ray-Ban and AirPods with camera, report says</a>

Apple conducts internal survey amidst reports of developing smart glasses similar to Meta

<ul class="summary-list"><li>Japan Airlines has offered free domestic flights to international tourists visiting Japan.</li><li>The initiative aims to promote travel to lesser-known destinations.</li></ul>Japan Airlines is giving <a target="_blank" class="" href="https://www.businessinsider.com/japan-airlines-free-domestic-flights-us-international-how-to-book-2024-9">free domestic flights</a> to international tourists, making travel to smaller cities and <a target="_blank" class="" href="https://www.businessinsider.com/tips-for-going-to-japan-avoid-mistakes-travel-advice-2024-7">hidden gems</a> far easier.But travel experts say the initiative is likely to backfire, as it could exacerbate the country's overtourism problem.The initiative was announced in September and is available to people traveling to Japan from the <a target="_blank" rel="" class="" href="https://www.businessinsider.com/things-american-wishes-she-knew-before-visiting-japan-mistakes-2024-9">US</a>, Canada, Mexico, Thailand, Australia, New Zealand, Vietnam, the Philippines, Indonesia, India, China, and Taiwan.In order to obtain the free tickets, passengers must book round-trip international flights with Japan Airlines and domestic flights within the same purchase.A spokesperson for Japan Airlines said no end date has been set for the initiative.<h2 id="e067d43f-7a22-42e9-a0bf-597ba6c4f4a3">It could intensify over-tourism</h2>Sara Aiko, founder of the travel agency <a target="_blank" href="http://www.curatedkyoto.com/">Curated Kyoto, </a>told BI that the initiative was likely created to distribute tourism to lesser-known areas to alleviate overtourism in the capital.But in practice, Aiko said, "people will continue to flock to popular destinations like Tokyo, regardless of free tickets, because they are major attractions."<div type="image" title="A woman with a backpack walks through the streets of Tokyo." height="4749" width="6888" msid="114154442" hostid="261" sizebytes="1396134"></div>Earlier this year, the Japanese government estimated that it would surpass <a target="_blank" rel="noopener noreferrer nofollow" class="c-link" href="https://www.japantimes.co.jp/news/2024/04/17/japan/society/record-high-inbound-travelers/">its target of getting 32 million international tourists by 2025</a> after 8.6 million people visited in the first quarter of 2024.Ben Julius is the founder of <a target="_blank" class="" href="https://www.touristjapan.com/about/">Tourist Japan</a>, a travel agency that offers tour packages across Japan to travelers from around the globe.Speaking to BI, Julius said around 90% of his clients visit the same popular locations: Tokyo, Kyoto, Mount Fuji, and Osaka."The majority of visitors are first-time visitors," he said. "And when people visit Japan for the first time, they won't miss the must-see cities."However, overtourism in these areas is majorly disrupting the lives of locals, who have to deal with rising hotel prices and misbehaving tourists."Hotel prices have skyrocketed due to tourism, making it difficult for many locals to stay at places they used to enjoy," Aiko said.Meanwhile, in April, authorities in Yamanashi erected an eight-foot-tall barrier to prevent tourists from taking photos at a <a target="_blank" class="" href="https://www.businessinsider.com/japan-town-building-barrier-stop-tourists-taking-mount-fuji-photos-2024-4">convenience store with views of Mount Fuji</a>.<div type="image" title="A view of Mount Fuji behind a convenience store." height="2828" width="4242" msid="114154441" hostid="261" sizebytes="260872"></div>The move came after complaints about the behavior of international tourists, including littering and bad parking.<a target="_blank" class="" href="https://www.bbc.co.uk/news/articles/ckg2j7dery1o">BBC News</a> reported in August that the barrier had been removed in preparation for a typhoon, but authorities said it would be re-erected if tourists returned in large numbers.Duncan Greenfield-Turk, CEO of the travel agency <a target="_blank" class="" href="https://globaltravelmoments.com/">Global Travel Moments</a>, told BI that Japan has been a top-booked destination for his clients for the past three years.He said he has noticed the "immersive pressure" on the country's public transport system, hotels, and attractions, "particularly in smaller towns not equipped for mass tourism."International visitor spending is expected to reach 6.3 trillion Japanese yen, or around $42 billion, by the end of 2024, according to <a target="_blank" class="" href="https://wttc.org/news-article/japans-travel-and-tourism-sector-to-surpass-previous-records-in-2024">research</a> by the World Travel and Tourism Council.Employment within the travel and tourism industry is also expected to climb. The organization estimates more than 6 million new jobs will be created this year, which they said is a 10% increase from 2023.One reason tourists are spending more money is the <a target="_blank" class="" href="https://www.businessinsider.com/japan-weak-currency-yen-boosts-foreign-tourism-luxury-purchases-travel-2024-4">weak yen</a>. Since the start of 2022, the yen has <a target="_blank" class="" href="https://www.reuters.com/graphics/JAPAN-YEN/EXPLAINER/xmvjnxjmbvr/">lost more than 20% against the dollar,</a> and it reached a <a target="_blank" href="https://www.reuters.com/markets/currencies/dollar-defensive-amid-lower-yields-yen-hovers-near-38-year-trough-2024-07-03/">38-year low</a> of 161.96 to the dollar in July.Greenfield-Turk said Japan Airlines' initiative has the potential to stretch the economic benefits of mass tourism to less-visited areas.However, without proper direction, he said it "could simply encourage more travel to already strained regions, intensifying the overtourism problem.""If tourists continue to gravitate toward popular destinations rather than exploring new ones, the initiative could backfire," he said.There's also the possibility that tourists will opt out of the new initiative.Amy Thomasson, a Japan travel advisor for <a target="_blank" class="" href="https://www.travelmation.net/">Travelmation</a>, told BI that it "doesn't make sense for most travelers" because of the additional costs that could be accumulated.The airline said travelers from the US, Canada, Mexico, and China who plan to stay in their first destination for more than 24 hours will be charged a $100 layover fee.Instead, Thomasson suggests that tourists utilize Japan's high-speed trains.Business Insider's Monica Humphries previously wrote about her experience traveling between Tokyo and Kyoto on the <a target="_blank" class="" href="https://www.businessinsider.com/riding-japans-bullet-trains-between-tokyo-kyoto-2023-7">Hikari Shinkansen</a>, a high-speed bullet train, and noted that it was clean, comfortable, and quick.

Japan is giving free flights to international tourists, but it may backfire

Tesla attracts millions of job seekers annually. The few who receive offers typically face a calculated gamble: Accept lower base pay up front for the chance of a potentially lucrative future payout.Business Insider secured access to an internal Tesla pay database, covering nearly 100,000 employees as of December 2021. That data, along with public filings and interviews with people who have worked for the automaker, reveal the company's pay strategy. Tesla offers lower base salaries than its tech and automotive peers but offers substantial stock grants.Even Tesla's top earners must bet on the company. This high-risk, high-reward system is coupled with a selective hiring process that has in the past included <a target="_blank" href="https://www.businessinsider.com/elon-musk-email-tesla-approve-new-hires-2023-5">Elon Musk's sign-off for every hire</a>.Using Tesla's internal salary database, BI looked at median base pay for the roughly 13,000 full-time, salaried, US-based employees across the internal job categories that Tesla uses to define workers in business units, such as engineering, manufacturing, or data management. (BI excluded pay for hourly workers, many of whom work in manufacturing, as it was not possible to accurately calculate their median annual pay based on hourly payroll data.)BI further broke down the data to look at median base pay by job title, analyzing the numbers for full-time, US-based, salaried roles with at least five employees.The base pay for these titles, which include directors of engineering and managers who work in Tesla's service centers fixing vehicles, ranges from about $35,000 to $324,000, according to the data.Nine current and former workers told BI the pay structure has largely remained in place since December 2021 and is ultimately part of Musk's quest to hire only the most <a target="_blank" href="https://www.businessinsider.com/elon-musk-tells-twitter-tesla-staff-be-hardcore-old-email-2022-11">"hardcore" workers</a>."The whole system is set up to find the fanatics," a current Tesla worker with knowledge of the company's hiring process said. "They could get better pay somewhere else, but we want the people who are die-hard Tesla."A former Tesla recruiter who worked with the company until 2024 said the automaker's <a target="_blank" href="https://www.businessinsider.com/how-to-get-hired-at-tesla-job-interview-process">interview process</a> for engineers — which typically entails at least nine interviews and can take months — and the company's pay structure are designed to weed out workers who are looking to just "clock in and clock out.""It's a culture thing," the former recruiter said. "It's not even about how smart you are or how much you know. They're looking for a willingness to learn and put in the extra hours."Tesla, Musk, and the company's board of directors did not respond to requests for comment.In a December 2023 <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.sec.gov/Archives/edgar/data/1318605/000162828024002390/tsla-20231231.htm">regulatory filing</a>, Tesla reported it employed more than 140,000 people worldwide. In April, Tesla told staff it planned to <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.businessinsider.com/elon-musk-sent-tesla-employees-email-announcing-layoffs-read-memo-2024-4">cut more than 10% of its workforce</a>. A June <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.cnbc.com/2024/06/21/tesla-has-downsized-by-at-least-14percent-this-year-internal-number-shows.html#:~:text=Tesla%20internal%20records%20viewed%20by,includes%20hourly%20and%20salaried%20workers.">estimate</a> from CNBC placed Tesla's headcount at just over 120,000.Using separate data from the Securities and Exchange Commission, BI compared the company's median base pay with that of traditional automakers and the six largest tech firms by market cap. Tesla lags behind all of them except Amazon. While there are a variety of factors that can affect a company's median salary — for example, Amazon's large warehouse workforce or Apple's large retail workforce — the data is consistent with what four current and former Tesla employees say: Tesla's base salaries are generally less than competitors'.Nvidia, Ford, Meta, and Amazon declined to comment on their employee compensation packages. Apple, Microsoft, and Alphabet did not respond to a request for comment. GM said it has doubled its staff in Silicon Valley over the past six months and is competitive in hiring talent away from tech firms.Nine current and former people in engineering and sales said that Tesla's stock grants make it easier to accept lower base salaries. Tesla stock could make them rich, if only on paper. On November 8, the automaker's stock surged more 8% in the wake of Donald Trump's re-election, hitting a market cap of $1 trillion.Some Tesla employees can receive millions of dollars in stock. In 2020 and 2021, 44 US-based employees were offered stock worth more than $1 million, according to the database.To get a sense of which employees were more likely to take home large grants, BI broke up stock grants based on job category. The data show that most workers in engineering received stock grants above $25,000. The value of the stock is based on the value of the shares at the time they were granted, but it's subject to change based on Tesla's share price.Of the stock offerings at Tesla, about 75% were restricted stock units, or RSUs, while nonqualified stock options made up 21%, and were given exclusively as merit-based compensation, according to BI's analysis of US-based, full-time workers. Only 4% of employees — including many executives and other high-level workers — received the stock as incentive stock options, or ISOs.Zaheer Mohiuddin, the cofounder of <a target="_blank" href="http://Levels.fyi">Levels.fyi</a>, said RSUs are very common in tech, while incentive stock options are typically reserved for longtime high-level employees or nonpublic companies. RSUs are typically included in standard compensation packages, while nonqualified stock options and ISOs are often used as additional incentives.RSUs give employees actual shares that vest over time, while ISOs simply provide the right to purchase stock at a preset price before expiration — which is potentially profitable if the stock price rises above that level, but also requires the employee to have money on hand to pay for the stock in the first place.Outside of one person within Tesla's executive job category who had no stock amount listed, Tesla executives received stock offerings worth between $950,000 and $20 million, according to the database, which displayed the latest stock amount for each employee as of December 2021. All but one of the executives' offerings were ISOs.Tesla is far from the first company to enhance base pay with stock grants. Companies like Meta, Google, and Amazon have been known to offer employees healthy stock grants. Employee survey data from 2024 from the compensation-benchmarking company <a target="_blank" href="http://Levels.fyi">Levels.fyi</a> found that Tesla's median base pay and stock grants for US-based software engineers are slightly lower than that of US-based software engineers at Meta, Amazon, Apple, Netflix, and Alphabet, collectively.Over the past five years, Tesla's stock has spiked well over 1,000%; that performance potentially makes those grants attractive.Greg Selker, a managing director at the executive recruitment firm Stanton Chase, told BI that while other Big Tech companies might have higher base pay and equity grants to match, Tesla's strength also lies in its image."There's a mission-driven element to it that allows Tesla to get away with paying less," Selker said. "These people are working to bring about the decarbonization of the planet."Musk has previously described what the stock options can do for employees. "We give everyone stock options; we've made many people who are just working the line — who didn't even know what stocks were — we've made them millionaires," he <a target="_blank" href="https://fortune.com/2023/11/30/tesla-elon-mus-unionize-staff-millionaires-stock-options/">said</a> last year.BI examined the median stock grants and the percentage of employees who received grants for each job category and found that a majority of workers in nearly every category received some type of stock grant.Tesla's pay strategy has more in common with other Silicon Valley companies like Google or Meta than it does with traditional automakers, Harley Shaiken, an auto industry and labor expert, told BI. Traditional automakers like GM or Ford rely on higher base pay while companies like Tesla, which has seen higher stock returns over the past five years, can attract talent through stock grants, Shaiken said."Tech workers are looking for the opportunity for a big payday, not just an incremental salary bump," he said.One former sales manager said Tesla's stock offerings initially attracted him to the role, but he compared them to "golden handcuffs.""The stock is the major hook. You might be unhappy in your role, but you just decide, 'I'm going to keep my head down and wait a few months longer until I vest,'" he said.Tesla's stock offerings have given some workers opportunities for major paydays. Drew Baglino, Tesla's former senior vice president of powertrain and energy engineering, and Zachary Kirkhorn, the former CFO, were awarded $20 million each.Other executives, including Musk's right-hand man Omead Afshar, received $10 million in stock offerings, according to the database."It's part of the benefit of taking a chance on a company like Tesla," one engineer who joined the company in 2015 told BI. "You might have to deal with the aches and pains of a startup — the long hours, some of the uncertainty — but there can also be a significant payoff."Aaron Greenspan, a vocal critic of Musk and the founder of PlainSite, an organization that provides access to legal documents and advocates for legal transparency, first referenced Afshar's stock grant in a lawsuit filed against defendants including Musk and Tesla, accusing them of defamation, among other claims. Lawyers for Musk and Tesla have called his claims "largely unintelligible allegations." The lawsuit is ongoing.Tesla awards stock grants with promotions and annual reviews and bases them on the company's performance, according to the salary database and conversations with four current employees. Last year, the company cut back on merit-based stock awards for staff, <a target="_blank" href="https://www.bloomberg.com/news/articles/2023-12-19/tesla-skips-merit-based-stock-awards-squeezing-compensation">Bloomberg reported</a> and the four employees told BI. In June, Musk told staff he planned to award <a target="_blank" href="https://www.businessinsider.com/tesla-stock-option-grants-awards-elon-musk-email-2024-6#:~:text=Tesla%20will%20reward%20employees%20for,at%20Tesla%20earlier%20this%20year.">additional stock grants for "exceptional performance."</a> During annual performance reviews in July, managers were limited to recommending no more than 20% of their team to be considered for the extra award, two people with knowledge said. Tesla typically awards employees restricted stock units that vest over a period of four years, the data show.Selker said historically Tesla workers have been able to count on their stock continuing to grow."It's a bet they have to make," he said. So far, stock grants have "proven to be better than cash in your pocket.""Now, if the stock were to become inconsistent or halve, then Tesla will have to change its strategy," he added.Tesla's stock has experienced significant volatility this year, slumping as low as 44% in mid-April from its price at the start of the year. Following Donald Trump's re-election, it's up nearly 30% overall year to date.At least one longtime Tesla staffer worries about new hires."I feel lucky that I got in early, but I see a lot of younger engineers expecting to reap the same benefits," they said. "And I'm not sure they will."Do you work for Tesla or have a tip? Reach out to the reporter via a non-work email and device at <a target="_blank" href="mailto:gkay@businessinsider.com">gkay@businessinsider.com</a> or <a target="_blank" rel="noopener noreferrer nofollow" class="c-link">248-894-6012</a>.

Internal Tesla salary database shows Elon Musk's strategy: Lower salaries, bigger stock grants

In a boost to Elon Musk's <keyword id="20034452" type="General" weightage="20" keywordseo="starlink" source="keywords">Starlink</keyword>, Communications Minister Scindia has said the spectrum for satellite broadband will be allocated and not auctioned as sought by Indian billionaires Mukesh Ambani and Sunil Mittal. The satellite broadband spectrum will however be not given free and sector regulator Trai will fix a price for the resource, he told PTI in a text and video interview. "Every country has to follow the <keyword id="20848482" type="General" weightage="20" keywordseo="international-telecommunications-union" source="keywords">International Telecommunications Union</keyword> (ITU), which is the organisation that lays out the policy for spectrum in space or satellites, and the ITU has been very clear in terms of the spectrum being given out on an assignment basis. In addition, if you look across the world today, I cannot think of a single country that auctions spectrum for satellite," Scindia said. India is a member of the International Telecommunication Union (ITU), a UN agency for digital technology. Musk's Starlink and global peers like Amazon's Project Kuiper back an administrative allocation. While Ambani's Reliance Jio has been vocal about the need to allocate such spectrum through an auction to provide a level playing field to legacy operators who buy airwaves and set up infrastructure like telecom towers, Mittal last month at an industry event where Prime Minister Narendra Modi was also present articulated the need to use bidding for such allocation. Jio and Mittal's Bharti Airtel - India's largest and second-largest operators, respectively - feel that giving away the satellite broadband airwaves at a pre-decided price by the government will create an uneven playing field since they had to compete in an auction to get spectrum for their terrestrial wireless phone networks. The two are vying for a piece of the satellite broadband segment as well. Musk-led Starlink is demanding administrative allotment of licences in line with the global trend as it looks to tap into the world's fastest-growing mobile telephony and internet market. Scindia said the Telecom Act of 2023 passed in December has put the matter in 'Schedule 1', which means that the Satcom spectrum will be allocated administratively. Such an allocation will be at a government-decided price, and allow foreign firms like Starlink to offer voice and data services. If the spectrum were to be auctioned, it would have made it costlier for Starlink to roll out services. Starlink has applied for a licence to start operations in the country. Scindia, however, offered no clues on the fate of his application. The minister said that the regulatory process is very clear and transparent. The new Telecom Act has been passed, and the Satellite spectrum is very clearly a part of that in schedule one, he pointed out. "...and therefore, we are open to looking at the application of any entity that wants to invest in India at this point in time. I think only one or two licenses have been given out. And whoever else wants to participate, India is surely going to welcome that," the minister said. Last month, Musk, in a post on X, termed the demand made by Jio for shunning sector regulator Trai's consultation paper on satellite broadband being allocated and not auctioned as "unprecedented", and when Mittal made the pitch in the presence of the Prime Minister, he asked if it was "too much trouble" to allow Starlink to provide internet services in India. This was perhaps the first time that Musk, whose networth of USD 241 billion is more than the combined wealth of Ambani, Mittal and Gautam Adani, had spoken directly against demands for a level playing field made by the Indian firms. Musk, the mind behind PayPal, founder of Tesla and SpaceX and owner of X (formerly Twitter), uses his social media platform on a daily basis to make his views known on a vast array of topics.

In a win for Elon Musk, Scindia says no to spectrum auction pitch from Ambani, Mittal

<keyword id="23261598" type="General" weightage="20" keywordseo="pro-panja-league" source="keywords">Pro Panja League</keyword>, in the presence of the Sports Minister of Mizoram, Lalnghinglova Hmar, has announced a mega event featuring a wide range of Armwrestlers from across India in the hill city of Aizawl during the second half of December 2024. The mega matches will be headlined by renowned Mizo arm wrestler, <keyword id="23849410" type="General" weightage="20" keywordseo="Denic-Lalruattluanga-Vangchhia" source="keywords">Denic Lalruattluanga Vangchhia</keyword> who will go against an international arm wrestler. Denic has recently stolen the spotlight for winning gold in the <keyword id="23849412" type="General" weightage="20" keywordseo="Asian-Armwrestling-Cup" source="keywords">Asian Armwrestling Cup</keyword> and helping India finish runner-up behind Kazakhstan. Pro Panja League also named Denic as the Indian player of the tournament and was felicitated and given a cash reward of Rs 35,000. Lalnghinglova Hmar said that he was happy to announce that Mizoram is hosting the Pro Panja League Mega Match edition. "I am happy to announce that we're hosting the Pro Panja League Mega Match Mizoram edition at the Aizawl Winter Festival. This will help showcase our excellent <keyword id="23849413" type="General" weightage="20" keywordseo="Mizo-Armwrestlers" source="keywords">Mizo Armwrestlers</keyword> to the world and it will inspire a whole generation of Armwrestlers in Mizoram," Hmar was quoted in a release as saying. Pro Panja League's founder, Parvin Dabas thanked Lalnghinglova Hmar for his support and for allowing the league to hold an international event in Mizoram. Parvin stated, "It is going to be one of the best and biggest sporting events Mizoram will see. We are grateful for the opportunity and we will give it our all to make sure the event is a big success." The President of the People's Armwrestling Federation India (PAFI), Preeti Jhangitoo expressed her enthusiasm and said, "PAFI is proud to have the Mizoram Armwrestling Association as a part of this event and we are sure it's going to be a lot more successful from here."

You Searched For "intern" and got 9 results

Cyclone Fengal: Chennai airport shut till 7 PM

ANI

8 affordable international honeymoon destinations for a cosy winter escape

Ayush Mehrotra

Internal Tesla database shows why workers might accept lower salaries

Business Insider

In leaked internal meeting, Amazon retail chief says sales of cheaper items are surging

Eugene Kim

Apple conducts internal survey amidst reports of developing smart glasses similar to Meta

Divyanshi Sharma

Japan is giving free flights to international tourists, but it may backfire

Mikhaila Friel

Internal Tesla salary database shows Elon Musk's strategy: Lower salaries, bigger stock grants

Grace Kay,Madison Hoff

In a win for Elon Musk, Scindia says no to spectrum auction pitch from Ambani, Mittal

PTI

Mega arm wrestling event 'Mizoram Mega Matches' to be held in Dec in Aizawl

ANI

Popular Keywords

Buying Guides