Volkswagen is being investigated for its ‘Voltswagen’ stunt
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Illustration by Alex Castro / The Verge
The United States Securities and Exchange Commission (SEC) is investigating Volkswagen’s “Voltswagen” debacle to see how the stunt affected the automaker’s stock price, and whether it broke any securities laws, according to
The faux rebranding took place on March 29th, when Volkswagen’s American subsidiary “accidentally” published a draft press release about changing its name to Voltswagen in a nod to the larger company’s push into electric vehicles.
After some news outlets reported on that apparently errant admission, the company followed up with an official press release on March 30th, which included quotes from Volkswagen of America CEO Scott Keogh claiming the change was really happening.
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Activision Blizzard CEO agrees to cut his pay by half
Following various criticisms from company shareholders, Activision Blizzard head honcho Bobby Kotick has agreed to cut his salary by 50% in a new employment agreement that’ll see him stick around until March 31, 2023, at the least.
That comes from a recent extension agreement (thanks, Wowhead) that further notes that the CEO voluntarily took the pay reduction to align his salary with company targets. The reduction equates to an $875,000 decrease, to put a number on it. Kotick has also agreed to reduce his target annual bonus by the same percentage, which could see a pay reduction of $1,750,000 for each fiscal year 2021 and 2022. It’s not all bad news for Kotick, though, as he could still earn an annual bonus to the tune of 200% of his reduced base salary in 2021 and 2022. The filing claims that the new deal better “reflects shareholder feedback, incorporates market best practices, and continues to directly connect pay to
Wipro Limited: Wipro, Citrix, Hewlett Packard Enterprise Partner to Accelerate Remote Working Solutions
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today announced that it has strengthened its alliance with Citrix Systems, Inc. (Nasdaq: CTXS) and Hewlett Packard Enterprise (HPE).
The partnership will provide enterprises a robust solution that will accelerate remote working and bring modernization into workspaces. The solution offers a seamless framework to enable a unified experience for organizations. This will be delivered through a pay-per-use model that is subscription-based, agile, elastic, and offers a consistent cloud experience. It aims to help clients accelerate their digital transformation efforts and work towards building a resilient enterprise that can operate successfully as a hybrid workplace in the new normal.
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