Tag Archives: execs

War in Ukraine, raging inflation and a clouded economic outlook were top of mind for executives at financial firms last week as they recapped an underwhelming quarter on Wall Street in their post-earnings calls with investors. But another widely-cited topic in those conferences went largely under the radar: heavy talk of imminent blockchain plans from some of the industry’s biggest firms. BlackRock (BLK), JPMorgan Chase (JPM) and Goldman Sachs (GS) were among the major financial institutions… Source link

Google workers press execs about pay after “Googlegeist” survey results | Fortune … Source link

Sundar Pichai, CEO of Google Anindito Mukherjee | Bloomberg | Getty Images Google executives, facing a barrage of criticism from employees on issues related to compensation, defended the company’s competitiveness at a recent all-hands meeting while acknowledging that the performance review process could change. The companywide virtual gathering earlier this month followed the release of internal survey results, which showed a growing number of staffers don’t view their pay packages as fair or… Source link

Top executives at Google and Facebook were involved in an effort to limit competition in a portion of the online advertising market, according to a newly amended (and less heavily redacted) version of a 2020 multi-state lawsuit aimed at Google and led by Texas Attorney General Ken Paxton. Why it matters: While a previous version of the suit also alleged collusion between the two companies, the newly public documents shed new light on the effort, dubbed “Jedi Blue,” as well as the extent 0f… Source link

Alphabet-owned Google is planning to give hefty raises and stock awards to four of its top executives — just weeks after the tech giant informed employees they should not expect to receive inflation-based pay raises. The four executives — Google CFO Ruth Porat, senior vice president Prabhakar Raghavan, chief business officer Philipp Schindler and chief legal officer Kent Walker — will receive base salaries of $1 million in 2022, up from $650,000, according… Source link

Google is giving four of its top execs a significant pay bump, raising their salaries from $650,000 to $1 million, just weeks after the company told staffers it wouldn’t automatically adjust salaries to account for inflation. The new executive salaries were disclosed in an SEC filing. The executives receiving the $1 million base salaries are chief financial officer Ruth Porat, senior vice president Prabhakar Raghavan (who is in charge of Google search); senior vice president and chief… Source link

Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8, 2018. David Paul Morris | Bloomberg | Getty Images Google executives are acknowledging employee concerns about rising inflation, but say they have no plans to respond with a companywide pay increase. The topic of workforce pay was addressed at a special meeting on Tuesday that was intended to focus on Google’s 2022 strategy. Ahead of… Source link

A team of Google executives, many of whom worked with one another for years, left the company earlier this year to launch a startup. The fintech firm, Arbo Works, has raised a financing round led by Sequoia Capital India, the two said Thursday. Arbo Works, spearheaded by Caesar Sengupta, said on Thursday 120 angel investors, many from Google, participated in the seed financing round. “This group includes CEOs of Fortune 500 companies, founders of successful startups, senior executives… Source link

(Reuters) – China’s top securities regulator defended their crackdown on various industries in a private meeting with Wall Street executives, Bloomberg News reported on Saturday. Investors’ concerns over the regulatory crackdown has led to sharp sell-offs on China’s share markets, reducing the market capitalisation of some of its largest companies including Alibaba Group Holding Limited. China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai explained during the meeting that… Source link

Executives from Alphabet’s Google (GOOGL.O) and Amazon.com (AMZN.O) head the list of witnesses for a hearing before the Senate Judiciary Committee’s antitrust subcommittee next week, along with an executive from speaker maker Sonos Inc (SONO.O), which has been critical of the two tech giants. Ryan McCrate, an associate general counsel, will speak for Amazon while public policy specialist Wilson White will testify for Google, said Senators Amy Klobuchar, chair of the panel, and Mike Lee, the… Source link