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☆ Kennedy Raises Just $2.6 Million, a Sign of Reliance on His Running Mate
▼ + stars: | 2024-06-19 | by ( Theodore Schleifer | More About Theodore Schleifer | ) www.nytimes.com time to read: +1 min

Robert F. Kennedy Jr.’s presidential campaign raised just $2.6 million in May, a paltry sum that speaks to how reliant his bid has become on his running mate, the wealthy Silicon Valley lawyer Nicole Shanahan. The Kennedy campaign raised less in May than it had in any previous month in 2024, according to filings on Wednesday with the Federal Election Commission. That was in large part because Ms. Shanahan, who has poured millions into their independent presidential campaign, barely contributed any additional money in May. The total raised by Mr. Kennedy was essentially the same as what he raised in April, not counting Ms. Shanahan: He brought in $10.7 million that month, but $8 million came from her. Earlier, when he announced her as his running mate in March, she almost immediately threw $2 million behind the campaign.

Persons: Robert F, Kennedy Jr, ’, Nicole Shanahan, Kennedy, Shanahan Organizations: Federal, Commission

☆ Nvidia stock has 50% upside on the potential boom of its AI-fueled software business, analyst says
▼ + stars: | 2024-06-19 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

Nvidia stock still has 50% upside, according to Rosenblatt analyst Hans Mosesmann. That's according to Rosenblatt semiconductor analyst Hans Mosesmann, who increased his Nvidia price target to a street-high $200 per share on Tuesday. But going forward, the real profit story for Nvidia isn't in its hardware-focused GPU business, but rather in its software business, which is spearheaded by Nvidia's popular CUDA platform. Right now, Nvidia's hardware business is going through an unprecedented boom period. Mosesmann's bullishness on Nvidia's software platform was echoed by I/O Fund Tech analyst Beth Kindig last month.

Persons: Rosenblatt, Hans Mosesmann, Mosesmann, —, Hopper, Blackwell, Rubin, Beth Kindig, Kindig Organizations: Nvidia, Service, Rosenblatt, Nvidia isn't, O Fund Tech

☆ Inside Europe's tech hubs: Does London have what it takes to remain No. 1?
▼ + stars: | 2024-06-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +32 min

But it will remain a big, big trend. How has if at all, Brexit, affected the U.K. tech scene? Arjun KharpalAre there other challenges at the moment, as you see them to the U.K. tech landscape? I'm gonna go with the amount of VC funding in U.K. tech startups for 2025. Sanjot MalhiI would say that is the amount of funding in U.K. AI startups.

Persons: Tom Chitty, Arjun, we'll, Arjun Kharpal, I've, Sanjot, He's, It's, Tom Chitty I've, we've, it's, Arjun Kharpal Sanjot, fintech, we're, you've, let's, Tom Chitty We're, Franklin Templeton, they're, Masa, Softbank, that's, Arjun Kharpal Sanjay, Emmanuel, Macron, hasn't, who's, Emmanuel Macron, I'm, Sanjot Malhi, Arjun Kharpal That's, Kharpal, Tom Chitty Sanjot Organizations: HSBC Innovation Banking, CNBC, Northzone, Hague Cricket Club, European Union, Competition, Markets Authority, London Stock Exchange, London, Masa, Viva Tech, Mistral, Nvidia Locations: Europe, Dealroom, France, China, London, beyondthevalley@cnbc.com, Netherlands, India, The Hague, Germany, Sweden, North America, Asia, San Francisco, Beijing, Tel Aviv, Bangalore, U.S, British, doesn't, Ukraine, IPOs

☆ A Disaster of the U.S. Military’s Own Making
▼ + stars: | 2024-06-19 | by ( Janet Reitman | ) www.nytimes.com time to read: +1 min

A boyish-looking 21-year-old, Valley grew up in a military family in rural Wisconsin and declared his intention to join the Army at age 7. Stationed at Fort Riley, in Kansas, he made an immediate impression on his superiors. A fresh snow had fallen, and the larch trees towered above him, their branches bare and ghostly. Valley carried the borrowed knife and some nylon cord he’d probably procured from another fellow soldier. He texted his parents: Hey mom and dad I love you it was never your fault.

Persons: “, I’ve Organizations: Army, Gulf Locations: Wisconsin, Fort Riley, Kansas

☆ Sen. Warren warns Powell against weakening banking regulations: ‘Do your job’
▼ + stars: | 2024-06-18 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

"I am disappointed by press reports indicating that you are personally intervening—after numerous meetings with big bank CEOs—to delay and water down the Basel III capital rules," said Warren. Last year, three U.S. banking regulators including the Federal Reserve unveiled the proposed rules, a long-expected regime shift around bank capital and risky activities such as trading and lending. The regulations incorporate new international standards created as a response to the 2008 global financial crisis. In March, Powell told lawmakers that he expected "broad and material changes" to the proposal in the wake of the industry's campaign against the rules. Warren urged Powell to allow a Federal Reserve Board vote on the original, tougher Basel proposal by the end of this month.

Persons: Sen, Elizabeth Warren, Jerome Powell, Warren, Powell, —, JPMorgan Chase, Jamie Dimon, Donald Trump Organizations: Senate Armed Services, Washington , D.C, Federal, CNBC, Federal Reserve, Bank, JPMorgan, Street, Fed Locations: Afghanistan, South, Central Asia, Washington ,, Basel, Basel III, U.S

Move over, Microsoft and Apple. On Tuesday, Nvidia leapfrogged two of tech’s most storied names to become the world’s most valuable public company, according to data from S&P Global. Just two years ago, the company’s market valuation was over $400 million. Now, in the span of a year, it has gone from $1 trillion to more than $3 trillion. Microsoft and Apple both fell, ending the day trailing the Silicon Valley chip maker.

Persons: Jensen Huang Organizations: Microsoft, Apple, Nvidia, P

☆ Amazon hit with $5.9 million fine for violating California labor law
▼ + stars: | 2024-06-18 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +3 min

California's labor regulator on Tuesday said it fined Amazon nearly $6 million for violating a state law aimed at curtailing the use of onerous warehouse productivity quotas. The California Labor Commissioner's Office said it investigated two Amazon facilities in Moreno Valley and Redlands, both located east of Los Angeles, and found 59,017 violations of the state's Warehouse Quotas law, officials said. The Warehouse Quotas law went into effect in 2022 and requires employers to disclose productivity quotas to employees and government agencies, as well as any discipline workers may face for not meeting them. The law also prohibits employers from requiring warehouse employees to meet unsafe quotas preventing them from taking state-mandated meal and rest breaks or using the bathroom. The Labor Department's Occupational Safety and Health Administration has also cited Amazon numerous times for safety violations.

Persons: Lilia Garcia, Brower, Sen, Ed Markey, It's, Maureen Lynch Vogel, they're Organizations: Amazon, California Labor Commissioner's Office, Labor, Occupational Safety, Health Administration Locations: California, Moreno Valley, Redlands, Los Angeles, Washington, New York, Minnesota, U.S

☆ I'm a New Yorker who spent 2 days in Scottsdale and Paradise Valley. 8 things surprised me.
▼ + stars: | 2024-06-18 | by ( Joey Hadden | ) www.businessinsider.com time to read: +1 min

Scottsdale and Paradise Valley are among Arizona's wealthiest areas. I recently visited the two Phoenix suburbs for the first time and was surprised by their offerings. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I'd been to Phoenix many times, but I hadn't visited the two suburbs around it that are attracting affluent residents — Scottsdale and Paradise Valley. Over the past decade, Scottsdale has gained 102% more millionaire residents, according to the USA Wealth Report by Henley & Partners .

Persons: —, I'd, hadn't Organizations: Service, AZ Central, USA, Henley & Partners, Business Locations: Scottsdale, Paradise, NYC, Phoenix, Paradise Valley . Scottsdale, America

☆ Epic heat wave to expand from Midwest to East Coast, bringing warnings to 72 million
▼ + stars: | 2024-06-17 | by ( Dennis Romero | Patrick Smith | ) www.cnbc.com time to read: +3 min

Almost 72 million people across the country were under warnings of extreme heat Monday morning, the National Weather Service said. With Thursday's seasonal solstice taking place amid a weeklong heat wave expected for the East Coast and the Midwest, the summer of 2024 is coming in hot. Extreme heat warnings were in place for Chicago, St. Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston, New York City and Albany, New York. The weather service office for Pittsburgh said it "could be the most impactful heat wave of the 21st century." The weather service is also on the lookout for any possible tropical storms developing in the Gulf, it said.

Organizations: National Weather Service, East, Prediction, Midwest, The Nevada Division, Emergency Management, Pittsburgh, Buffalo Public Schools, Dakotas Locations: Phoenix , Arizona, U.S, East Coast, Chicago, St, Louis, Indianapolis, Detroit, Cleveland, Cincinnati, Pittsburgh, Philadelphia, Boston , New York City, Albany , New York, Ohio, East, Phoenix, Buffalo, Minnesota, Gulf, Mexico, Texas, Louisiana

☆ At this comedy show, tech workers are the butt of every joke
▼ + stars: | 2024-06-17 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +8 min

But comments like these are par for the course at Socially Inept, a comedy show hosted by former tech employees who make the audience — which is largely made up of tech workers themselves — the material. Socially Inept was founded by Jesse Warren and Austin Nasso, two former Big Tech employees. AdvertisementNasso, Oster, and Warren met through Seattle's comedy scene when Nasso and Warren worked Big Tech jobs in the city. It makes it seem like you're in on the joke, even when you're also kind of the butt of the joke. And for the most part, it seemed like tech workers in the audience were very self-aware and took their roasts in stride.

Persons: —, She's, Peter Jay Sharp, Jesse Warren, Austin Nasso, Nikita Oster, Boston —, Nasso, Oster, Warren, Masha Oster, — Warren, Justin Bieber, James Franco, Tom Brady, revel, they're Organizations: Service, Business, Flatiron District, Union Square Ventures, Google, Big Tech, Boston, Microsoft, SpaceX, Valley Bank, Army, eBay, Tech Locations: New York, Hudson, Manhattan, San Francisco , LA, Miami, Seattle, LA, hurtfulness

☆ A water war is looming between Mexico and the US. Neither side will win
▼ + stars: | 2024-06-17 | by ( Laura Paddison | ) edition.cnn.com time to read: +12 min

Under an 80-year-old treaty, the United States and Mexico share waters from the Colorado River and the Rio Grande, respectively. They say the lack of water from Mexico is propelling them into crisis, leaving the future of farming in the balance. Pain in both countriesThe water from Mexico goes to the Falcon and Amistad Reservoirs which straddle the border and provide water to homes as well and farms. To rely only on storms to reduce water scarcity would make Mexico “totally exposed to what nature decides about our water future,” UNAM’s Magnaña Rueda said. Ultimately, there needs to be a recognition that water sharing agreements must adapt to a changing climate, Rueda said.

Persons: Biden, Maria Elena Giner, “, ”, Alfonso Cortez Lara, Giner, “ There’ll, Paul Ratje, Vianey Rueda, Rueda, , ” Rueda, Pain, Amistad, Falcon, Brian Jones, Carlos Kosienski, Jones, Monica De La, ” De, ” De La Cruz, Ted Cruz, John Cornyn —, —, Victor Magaña Rueda, Salvador Alcántar, ” Alcántar, Jose Luis Gonzalez, Sarah Porter, Claudia Sheinbaum, “ We’ve, ” UNAM’s Magnaña Rueda, ” Giner, we’re, Nobody’s, ” CNN’s Brandon Miller, Jack Guy Organizations: CNN, Texas, Water Commission, College of, Rio, Reuters, University of Michigan, American Free Trade, Falcon, “ Farmers, Texas Farm Bureau, Growers, Republican, National Autonomous University of Mexico, Farmers, National Guard, Mexican National Guard, Kyl, for Water Policy, Arizona State University, “ Locations: United States, Mexico, Colorado, Rio, South Texas, Rio Grande, Rocky, Gulf of Mexico, Fort Quitmen, Presidio , Texas, ”, Mexican, Chihuahua, Las Cruces , New Mexico, Reuters Mexico, Amistad, Rio Grande Valley, Texas, Hidalgo County , Texas, Rio Grande Valley . Texas, Starr County , Texas, Monica De La Cruz, ” De La, La, Camargo , Chihuahua

☆ Northeast Braces for First Severe Heat of the Year
▼ + stars: | 2024-06-17 | by ( Johnny Diaz | ) www.nytimes.com time to read: +1 min

A record-breaking heat wave with a combination of humidity and temperatures well into the 90s will descend on cities in the Midwest and Northeast this week in what is expected to be a dangerous weather system days before summer officially begins, forecasters said. “The duration of this heat wave is notable and potentially the longest experienced in decades for some locations,” the National Weather Service said on social media on Sunday. In Pennsylvania, temperatures in Philadelphia, Allentown and Reading are expected to reach 95 degrees or higher for five consecutive days, a streak that has not occurred since July 2022, August 1953 and July 2011, respectively, according to the Weather Service office in Mount Holly, N.J. The severe heat was rapidly developing ahead of a low pressure system and spreading to the central Plains, Great Lakes region and Ohio Valley on Sunday, the Weather Service said.

Organizations: National Weather Service, Weather Service Locations: Midwest, Pennsylvania, Philadelphia, Allentown, Reading, Mount Holly, N.J, Great Lakes, Ohio

☆ How A.I. Is Revolutionizing Drug Development
▼ + stars: | 2024-06-17 | by ( Steve Lohr | Spencer Lowell | ) www.nytimes.com time to read: 1 min

The laboratory at Terray Therapeutics is a symphony of miniaturized automation. Robots whir, shuttling tiny tubes of fluids to their stations. Scientists in blue coats, sterile gloves and protective glasses monitor the machines. Every interaction is recorded, millions and millions each day, generating 50 terabytes of raw data daily — the equivalent of more than 12,000 movies. The lab, about two-thirds the size of a football field, is a data factory for artificial-intelligence-assisted drug discovery and development in Monrovia, Calif. It’s part of a wave of young companies and start-ups trying to harness A.I.

Organizations: Terray Therapeutics Locations: Monrovia, Calif

☆ Opinion | Effective Altruism Is Flawed. But What’s the Alternative?
▼ + stars: | 2024-06-17 | by ( Peter Coy | ) www.nytimes.com time to read: +1 min

You don’t hear so much about effective altruism now that one of its most famous exponents, Sam Bankman-Fried, was found guilty of stealing $8 billion from customers of his cryptocurrency exchange. But if you read this newsletter, you might be the kind of person who can’t help but be intrigued by effective altruism. Effective altruism is a new movement inspired by philosophers (including Peter Singer and William MacAskill) and embraced by Silicon Valley engineers who pride themselves on taking a logical, data-driven approach to life. Last week I talked with people who believe in effective altruism and others who don’t. Is it egotistical or merely sensible to demand proof that our money is being put to good use?

Persons: Sam Bankman, ” That’s, Dustin Moskovitz, Peter Singer, William MacAskill Organizations: Open, Facebook, Wall Street Journal, Silicon

☆ 5 Numbers to Know About the Coming Heat Wave
▼ + stars: | 2024-06-16 | by ( Jill Cowan | ) www.nytimes.com time to read: +1 min

Millions of Americans from Texas to Maine will face sweltering conditions this week as a heat wave takes hold in the eastern half of the United States, according to forecasters. Beginning Sunday, rising temperatures will hit the South, then stretch over the Midwest before spreading to the East Coast by midweek. Here are five numbers to help put this coming heat wave — and our warming climate — in context. (In Pittsburgh, he added, there are temperature records dating back to 1875.) That figure would be just one of what Mr. Weiss said could be dozens of temperature records broken this week in cities across the northeastern United States.

Persons: It’s, Josh Weiss, Weiss Organizations: Prediction Locations: Texas, Maine, United States, East Coast, Pittsburgh, Ohio

☆ Post Fire: Los Angeles County blaze has consumed nearly 15,000 acres
▼ + stars: | 2024-06-16 | by ( Paradise Afshar | ) edition.cnn.com time to read: +2 min

CNN —A fire in Los Angeles County that forced the evacuations of hundreds of people from a state park has burned nearly 15,000 acres, authorities said Sunday, just one day after it started. A red flag warning was issued for the I-5 corridor in Los Angeles County and the Ventura County mountains until 5:00 p.m. Monday afternoon. The wildfire began Saturday afternoon in Gorman, an unincorporated community in northwestern Los Angeles County. California State Park Services evacuated 1,200 people from Hungry Valley Park, Cal Fire said. The fire had damaged two commercial properties by Saturday evening, according to the Los Angeles County Fire Department.

Persons: Crews, Marcio Jose Sanchez Organizations: CNN, California Department of Forestry, Cal Fire, National Weather Service, Cal Fire ., Park Services, Angeles County Fire Department, Firefighters, AP, Sonoma County Sheriff’s Locations: Los Angeles County, Los Angeles, Ventura County, Gorman, Cal Fire . California, Angeles, Pyramid, Old, Angeles County, Gorman , California, Northern California, Sonoma County

☆ In California, Tribal Members Are Reclaiming the ‘Land of the Flowing Water’
▼ + stars: | 2024-06-16 | by ( Jill Cowan | Mike Kai Chen | ) www.nytimes.com time to read: +1 min

Then came European settlers, and over time, tribe members lost access to nearly all of that land. Eventually, the water was lost, too: In the early 20th century, the developers of Los Angeles famously built a 226-mile-long aqueduct from Owens Lake to the city. Less familiar is what happened to the Owens Valley, and the people who lived there, after most of the water was sent south. Owens Lake is now a patchwork of saline pools covered in pink crystals and wetlands studded with gravel mounds designed to catch dust. They have recently reclaimed corners of the valley, buoyed by growing momentum across the country to return land to Indigenous stewardship, also known as the “Land Back” movement.

Persons: Red Organizations: Los Locations: Owens, Sierra Nevada, Los Angeles, Owens Lake

☆ Growing Wildfire Burns 10,000 Acres and Forces Evacuations Near Los Angeles
▼ + stars: | 2024-06-16 | by ( Yan Zhuang | More About Yan Zhuang | ) www.nytimes.com time to read: +1 min

A fast-spreading wildfire northwest of Los Angeles has burned more than 10,000 acres and forced the evacuation of about 1,200 people, according to local authorities, fueled by strong winds that are expected to last until Monday. The blaze, named the Post Fire, started at 1:47 p.m. Saturday in Gorman, Calif., near Interstate 5 about 50 miles outside Los Angeles, the authorities said. Within 12 hours, it had spread to over 10,500 acres, according to CalFire, California’s firefighting agency. It was zero percent contained as of Saturday evening, according to the Los Angeles County Fire Department. The authorities evacuated 1,200 people from the Hungry Valley recreation area and closed the nearby Pyramid Lake reservoir, the fire department said on Saturday evening.

Organizations: Angeles County Fire Department, Firefighters Locations: Los Angeles, Gorman, Calif, CalFire, Angeles

☆ Apple Is the First Giant Tech Company to Make Useful AI Products
▼ + stars: | 2024-06-16 | by ( Linette Lopez | ) www.businessinsider.com time to read: +9 min

Apple's scale and specificity of vision also make it the first Big Tech company to get AI integration right. The fact that people are disappointed in Apple says more about the hype around AI's capabilities than it does about Apple. In that way, Apple's cautious approach may be a service for the rest of the tech industry. By slowly acclimatizing its constellation of users to AI that makes their lives better instead of frustrating them, Apple makes the tech feel like a natural upgrade instead of an unreliable, scary intrusion. AdvertisementSure, Apple's AI may not be sexy or scary, but at least it doesn't seem stupid.

Persons: Katie Collins, Mark Gurman, Jordan Hart, Elon Musk, OpenAI's, Marc Andreessen's, confidants, Musk, Tesla, AI's, that's, Yann LeCun, Siri Organizations: Worldwide Developers, Apple, Apple Intelligence, Big Tech, Nvidia Locations: Silicon Valley, Silicon, Albany, New York City, New York

☆ Elon Musk has a lot to lose — or gain — based on who wins the presidential election
▼ + stars: | 2024-06-16 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +6 min

While Musk is increasingly flexing his political power, whoever wins the White House could drastically impact the billionaire and his businesses. Here's how things could shake out for Musk under a second Trump administration versus a Biden win. Tusk said Biden doesn't think of Elon as a rival — he probably doesn't think about him at all. Advertisement"On the Trump side, Musk needs to be careful and not go headlong into this. Musk and Biden campaign representatives did not respond to requests for comment from Business Insider.

Persons: —, Elon Musk, it's, hasn't, Musk, Trump, Brian Hughes, Bradley Tusk, Tusk, he'd, You've, Stacey Lee, Johns, Elon, Biden, Joe Biden, Joe Biden's, Lee, it'd, Biden doesn't Organizations: Service, Trump, Business, Wall Street, Biden, Elon, SpaceX, Force, Johns Hopkins Carey Business School Locations: Washington, Paris, United States

☆ Investors may be looking at commercial real estate risk all wrong and missing these opportunities
▼ + stars: | 2024-06-16 | by ( Christina Cheddar Berk | In | ) www.cnbc.com time to read: +6 min

The threat from a looming wave of maturing commercial real estate loans has been well telegraphed to investors, but it's possible the metrics they are using to protect themselves from risk are flawed. Many investors have been avoiding bank stocks with high concentrations of commercial real estate (CRE) exposure. Investors have been punishing regional bank stocks, especially when the bank's commercial real estate exposure tops more than 300% of its total equity . While the latter two have some exposure to New York City real estate, both banks benefit from strong management teams, he said. (New York real estate markets are navigating both falling office values as well as the dynamics of rent-regulated multifamily properties.)

Persons: Erika Najarian, Stephens, Matt Breese, Breese, Webster, Najarian, Piper Sandler, Scott Siefers, Siefers, generalists Organizations: Owners, KBW, Regional Banking, UBS, Federal Deposit Insurance Corp, Federal Reserve, Kansas City Fed, NBT Bancorp, Webster, National Bancorp, Micron Technology, Financial Group, Citizens Locations: New York City, York, . Connecticut, New, New York, Providence, R.I

☆ Everyone's talking about running and rucking right now. How to decide which one to add to your fitness routine.
▼ + stars: | 2024-06-15 | by ( Kim Schewitz | ) www.businessinsider.com time to read: +5 min

Read previewRunning and rucking are hot in the fitness world right now. Running, a mainstay in the fitness world, only continues to grow in popularity. Meanwhile rucking, which involves walking or jogging with a weighted backpack, has become one of the buzziest trends in fitness. urbazon/Getty ImagesCarrying weight is good for bone healthThe biggest difference between rucking and running is the weight-carrying component. Walking with an additional load requires more work from the cardiovascular system and some of your muscles than unloaded walking, Zielinski said.

Persons: —, rucking, Guy Fieri, Allison Zielinski, Luke Worthington, Naomi Campbell, Dakota Fanning, Worthington, Zielinski Organizations: Service, York City Marathon, ABC, Business, Northwestern Memorial Hospital Locations: year's, York, rucking

WHY WE’RE HEREWe’re exploring how America defines itself one place at a time. In the border city of Alamo, Texas, colorful dancers have turned a local flea market into a global internet sensation. June 15, 2024The punishing heat of late spring does nothing to keep the crowds from descending on La Pulga de Alamo, one of the flea markets that are a center of both commerce and culture in the Rio Grande Valley of South Texas. For as long as anyone can remember, pulgas — Spanish for fleas — have been part of the fabric of El Valle, as the area is known to the large Spanish-speaking population in this part of Texas, a slice of Mexico just north of the border. This is never more true than on the weekend, when the market in Alamo transforms from a shopping mecca into a one-of-a-kind dance hall whose fame has spread across the country and beyond.

Persons: spiro, Virgin Organizations: Walmart Locations: Alamo , Texas, de, Rio Grande Valley, South Texas, Guadalupe, El Valle, Texas, Mexico, Alamo

☆ How Tesla Shareholders Upheld Elon Musk’s Sky-High Pay
▼ + stars: | 2024-06-14 | by ( Lily Boyce | Jason Karaian | ) www.nytimes.com time to read: +5 min

How Tesla Shareholders Upheld Elon Musk’s Sky-High PayTesla shareholders on Thursday voted to reaffirm a roughly $48 billion compensation package for Elon Musk, which was originally approved in 2018 and was nullified by a judge early this year. Mr. Musk’s pay package helped him become one of the richest people in the world. Thursday’s vote arose from a court case in Delaware, where the company is incorporated, that voided Mr. Musk’s pay package. California Public Employees’ Retirement System, or CalPERS, the largest pension fund in the United States, also opposed the pay package. The debate about Mr. Musk’s compensation raised questions about the limits of executive compensation and the accountability of Silicon Valley billionaires whose wealth gives them vast influence.

Persons: Elon Musk, Elon, Kimbal, Tesla, Musk, Eli Lilly, Nvidia Berkshire Hathaway Apple Tesla, Bernstein Organizations: Tesla, Elon, Sky, The New York, Mr, Norges Bank Investment Management, California Public, Broadcom, Chase Amazon, Nvidia Berkshire, The New York Times, Silicon, SpaceX, Fortune Locations: Delaware, United States, Texas, Austin

☆ Nvidians Reveal Jensen Huang's Leadership Style: Admit Your Mistakes
▼ + stars: | 2024-06-14 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +6 min

Eight current and former Nvidia employees spoke to Business Insider about Huang's leadership style and what it's like to be grilled by him. This story is available exclusively to Business Insider subscribers. AdvertisementThree former senior-level employees said Huang's leadership style is based on this focus on continuous improvement and learning from mistakes. The 'Jensen grilling'Senior-level employees often experience what some have referred to as a "Jensen grilling"— intense questioning by Huang. One employee likened Huang's grilling to an attorney's interrogation, noting that he wouldn't back down until he'd made his point.

Persons: —, Jensen Huang, Mark Zuckerberg, Taylor Swift, Huang, they've, Columbo, Hunag, Jensen, he'd Organizations: Service, rockstar, Nvidia, Business Locations: Silicon Valley, Hawaii, Bay, Japan, jyotimann

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