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☆ Amazon says developers spend a surprisingly small amount of time per day coding
  + stars: | 2024-12-05 | by ( Jordan Hart | Tim Paradis | ) www.businessinsider.com   time to read: +3 min
AdvertisementAWS said developers spend most of their time on non-coding tasks, impacting productivity. It introduced Amazon Q Developer — an AI agent to aid developers — at the re:Invent keynote on Tuesday. In a post Tuesday, Amazon Web Services said developers report spending an average of "just one hour per day" on actual coding. Amazon Q Developer is an AI agent that AWS is rolling out in two tiers with free and paid options. AdvertisementGitLab has reported that developers spend more than 75% of their time on tasks other than coding.
Persons: Matt Garman, GitLab, Sundar Pichai, Pichai, Jesal Gadhia, Gadhia Organizations: Web Services, Workers
☆ UniCredit board member did not quit due to alleged spat over CEO pay - chairman
  + stars: | 2023-03-17 | by ( ) www.reuters.com   time to read: +1 min
MILAN, March 17 (Reuters) - The former head of the remuneration committee and board member of UniCredit (CRDI.MI), Jayne-Anne Gadhia, did not quit the bank due to alleged disagreements over the pay package of CEO Andrea Orcel, the chairman of Italy's No.2 lender said on Friday. UniCredit is proposing hiking Orcel's fixed salary by 30% while a corresponding increase in the variable pay would be tied to the group beating financial targets. Hitting 2023 goals would leave Orcel with the same overall pay of up to 7.5 million euros ($5.33 million) as in 2022, making him one of Europe's best paid bank executives, thanks to a reduction in the compensation's variable component, which will be all in shares and spread over a longer period. "The sug­ges­tion that Dame Jayne-Anne left the bank 'after skir­mishes ... over [chief exec­ut­ive] pay' is false, as we have repeatedly said", Chairman Pier Carlo Padoan said in a letter to the Financial Times, referring to an opinion piece published by the British newspaper on March 13. ($1 = 0.9378 euros)Reporting by Gianluca Semeraro; editing by Federico MaccioniOur Standards: The Thomson Reuters Trust Principles.
☆ Snoop founder Gadhia quits UniCredit board after Moneyfarm chairmanship
  + stars: | 2023-02-10 | by ( ) www.reuters.com   time to read: 1 min
MILAN, Feb 10 (Reuters) - Jayne-Anne Gadhia, founder of money managing application Snoop and former Virgin Money chief executive, has stepped down from the board of UniCredit (CRDI.MI) with immediate effect, the Italian bank said on Friday. Gadhia last month took on the chairmanship of digital wealth manager Moneyfarm, replacing co-founder Paolo Galvani to work alongside CEO and co-founder Giovanni Daprà. Gadhia was at the helm of Virgin Money, the digital bank of Britain's Virgin group, for more than a decade until its listing in 2018. UniCredit said Gadhia had decided to step down "due to a new commitment" and would remain as an adviser to the bank. Reporting by Valentina Za; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
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