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☆ Palantir salaries revealed: Some engineers at the controversial analytics software company earn nearly $300,000. Here's what managers, analysts and other employees make.
▼ + stars: | 2022-10-18 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +4 min

Palantir is known for its controversial contracts providing analytics software to the US government and private companies. The company doesn't disclose salary data, but US companies must share offers made on H-1B visa applications. However, US companies have to disclose offers on work-visa applications. Notably, these figures only represent base salaries, but Palantir also offers some employees additional stock grants. The logo of the data analysis company Palantir can be seen at the company's headquarters in 2018.

☆ Palantir signs $20 mln deal with S.Korea's Hyundai Heavy Industries
▼ + stars: | 2022-09-20 | by ( Joyce Lee | ) www.reuters.com time to read: +2 min

The logo of U.S. software company Palantir Technologies is seen in Davos, Switzerland, May 22, 2022. REUTERS/Arnd Wiegmann/File PhotoSEOUL, Sept 21 (Reuters) - Palantir Technologies Inc (PLTR.N) announced on Wednesday it signed a deal valued at $20 million over five years to expand its partnership with South Korea's Hyundai Heavy Industries Group (267250.KS), one of the world's largest shipbuilding conglomerates. The conglomerate's shipbuilding affiliates including Hyundai Heavy (329180.KS) will use Palantir's operating system, known as Foundry, to strengthen data-driven decision making, Palantir's Chief Operating Officer Shyam Sankar told Reuters. Palantir is also actively working to extend partnerships with South Korea's government as well as private sectors, and has formally opened an office in Seoul. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Joyce Lee; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

☆ Inside the little-known tool that gives JPMorgan Chase the power to collect data about everything its employees do at work
▼ + stars: | 2022-05-27 | by ( Reed Alexander | ) www.businessinsider.com time to read: +22 min

Insider learned about the WADU system through interviews and leaked internal documents that explain what kinds of data it captures. Though the use of Palantir was reportedly for security purposes, JPMorgan employees who spoke to Bloomberg said the situation quickly escalated. When companies are opaque about how they use employee data, the consequences can be detrimental — from harming employee "engagement" to eroding their "mental health," Garr said. Companies that fail to do this run the risk of cultivating the kind of mistrust that JPMorgan employees claim is running rampant through their ranks. "It does not sit well with me, what they're doing," said the US-based staffer with direct knowledge of the WADU system.

☆ U.S. tech execs hone approach to counter unions amid growing worker interest
▼ + stars: | 2021-11-24 | by ( Julia Love | ) www.reuters.com time to read: +6 min

Mapbox's response offers a window into how tech companies are pushing back as unions seek to bring workers into the fold. The CWA also formed the Alphabet Workers Union, a so-called minority union that does not have collective bargaining rights. For many tech workers, the promise of a generous payday is no longer enough. They also want sound working conditions and assurances that the products they are building will not harm society, tech employees and organizers say. On their website, members of the Mapbox Workers Union wrote that they banded together "to build a lasting, accountable, inclusive Mapbox."

☆ Peter Thiel ran an SAT side hustle in high school and charged $500 to take the test for people, according to a former classmate
▼ + stars: | 2021-09-21 | by ( Dorothy Cucci | ) www.businessinsider.com time to read: +8 min

Those who knew him in grade school say Thiel was a "joyless" childOne of Thiel's classmates told Chafkin, "I can't remember him laughing. In his senior year of high school, Thiel took the SAT for underclassmen for $500 each, according to a classmateThiel, whose own scores were near perfect, seemed bored and careless by the end of high school. Though he knew it could cost him his spot at Stanford, Chafkin says Thiel made an "unbelievably risky" move and started the lucrative side hustle. While at Stanford, Thiel argued that his peers' anti-apartheid positions were overblown and, according to Chafkin, Thiel told a Black student that apartheid "works." A man who used to play with him told Chafkin that Thiel "liked that quiet control" of determining the reality of the game.

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