Daily trending news …
Zoho Corporation CEO Sridhar Vembu reacted to the company’s messaging app Arattai dropping out of the top 100 apps, describing it as a normal phase in business growth and saying critics were wasting their time. In an interview with ANI, he also commented on WhatsApp’s new feature being tested to let users message people across different platforms.
Warren Buffett says the trend of rising CEO salaries, attributing it to envy and greed as leaders compare their compensation. His remarks’ envy and greed walk hand in hand’ came days after Tesla shareholders approved a $1 trillion pay package for its CEO Elon Musk
CEO compensation at companies like Tesla and Infosys is vastly higher than the median employee salary, often hundreds of times greater. This large pay gap is explained by the CEOs’ crucial decision-making roles, rare global leadership skills, and the need to retain top talent in a competitive market.
Tesla CEO Elon Musk has received a historic USD 1 trillion pay package after shareholders overwhelmingly approved it during Tesla’s annual meeting in Austin, Texas, on Thursday, 6 November. The decision, announced at the company’s Austin factory, represents the largest compensation ever granted to a corporate executive, according to AFP.
