1. Articles from Matt Weinberger

    1-14 of 14
    1. SoftBank Will Buy at Least 15% of Uber Shares at a Huge Discount from the Original $69 Billion Valuation

      SoftBank Will Buy at Least 15% of Uber Shares at a Huge Discount from the Original $69 Billion Valuation
      • Employees and shareholders have agreed to sell at least 15% of Uber to SoftBank.
      • SoftBank will buy the shares at a 30% discount.
      • SoftBank may also invest $1 billion in Uber at the company's original $69 billion valuation.

      SoftBank is buying as much of 15% of Uber shares at a whopping 30% discount, as first reported by the Wall Street Journal...

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      Mentions: CEO Uber crisis
    2. Apple's Board Says that Tim Cook has to Fly Private from now on 'in the Interests of Security and Efficiency'

      Apple's Board Says that Tim Cook has to Fly Private from now on 'in the Interests of Security and Efficiency'

      Apple CEO Tim Cook is now required by Apple's board of directors to fly on private aircraft, even for personal travel.

      • Apple says it's for security and safety reasons.
      • Tim Cook racked up $93,109 in personal travel costs for Apple in 2017, which counts as part of his compensation package.
      • Cook made $12,825,066 in total compensation at Apple in 2017.
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    3. Microsoft CEO Satya Nadella says he Voted Against Steve Ballmer's $7.6 Billion Nokia Mistake

      Microsoft CEO Satya Nadella says he Voted Against Steve Ballmer's $7.6 Billion Nokia Mistake

      When Microsoft's then CEO Steve Ballmer proposed buying Nokia to shore up the company's foundering mobile phone division, Satya Nadella thought it would be a mistake.

      Four years later, he hasn't changed his mind.

      In his new book, "Hit Refresh," Nadella, who replaced Ballmer as Microsoft CEO, says he unsuccessfully tried to dissuade his predecessor from purchasing Nokia...

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    4. Netflix's CEO Gave Peter Thiel a Bad Grade as a Facebook Board Member Because he Supported Trump

      Netflix's CEO Gave Peter Thiel a Bad Grade as a Facebook Board Member Because he Supported Trump

      Peter Thiel's support of Donald Trump caused friction in the Facebook boardroom.

      That's because Netflix CEO Reed Hastings, who, like Thiel is a member of Facebook's board, chastised Thiel for supporting then-Presidential candidate Trump, according to a report in The New York Times.

      Hastings went so far as to give Thiel a bad grade, citing poor judgment, while carrying out his official duties of assessing fellow board members...

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      Mentions: CEO
    5. Marc Benioff Took a 60% Cut to his $33 Million Pay Package to Appease Salesforce Investors (CRM)

      Marc Benioff Took a 60% Cut to his $33 Million Pay Package to Appease Salesforce Investors (CRM)

      Marc Benioff's stature in San Francisco is on the rise, as Salesforce Tower, the city's tallest building, nears completion.

      But Benioff's paycheck is getting smaller.

      The CEO of Salesforce took a 60% paycut in the recently ended 2017 fiscal year, according to the company's annual proxy report, filed on Wednesday.

      Of course, Benioff still took hom $13 million in total compensation for the year...

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      Mentions: Investors CEO SEC
    6. Marissa Mayer will have $186 million in Yahoo Stock when Verizon buys the company (YHOO, Vz)

      Marissa Mayer will have $186 million in Yahoo Stock when Verizon buys the company (YHOO, Vz)

      When Verizon's $4.48 billion acquisition of Yahoo closes this June, Marissa Mayer will be stepping down as CEO.

      But don't worry too much about her — Mayer has about $186 million worth of stock, stock options and restricted stock units that will all be fully vested before the deal closes, according to the New York Times...

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      Mentions: CEO stock options
    7. The Amazon exec leading the charge against Microsoft and Google made $35.6 million last year (AMZN, Goog, Googl, Msft)

      The Amazon exec leading the charge against Microsoft and Google made $35.6 million last year (AMZN, Goog, Googl, Msft)

      Back in 2011, Amazon CEO Jeff Bezos asked the company's board to freeze his annual salary at $81,840 — no cash bonuses or stock awards, nada.

      And so, when Amazon released its annual proxy statement to shareholders today, it wasn't a huge shock to find that despite his leadership of the company, Bezos' total compensation in 2016 totalled a relatively meager $1,681,840. That's $81,840 in salary, and $1.6 million in security and travel arrangements.

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    8. PayPal Cofounder Max Levchin Just Joined the Board of a $865 Million Startup to get it Back on Track for an IPO

      PayPal Cofounder Max Levchin Just Joined the Board of a $865 Million Startup to get it Back on Track for an IPO

      Back in April 2016, the Wall Street Journal reported that Mixpanel, a Silicon Valley startup that helps companies track how people are using their apps, was scaling back its dreams of hitting a $1 billion valuation in favor of cutting costs and refocusing the business.  Six months later, Mixpanel, last valued at $865 million, is announcing some big changes to the company's leadership as it works through this awkward stage and looks forward to an eventual IPO...

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      Mentions: Leadership CEO
    9. Microsoft CEO Satya Nadella’s Latest Report Card had Only One Bad Grade

      Microsoft CEO Satya Nadella’s Latest Report Card had Only One Bad Grade

      Like most CEOs, Microsoft chief executive Satya Nadella gets massive bonuses based on his performance. So it reflects well on Nadella that he was awarded a $4,464,000 cash bonus for his performance in Microsoft’s most recent fiscal year, on top of his normal $1.2 million salary, per a new filing with the SEC . That’s 124% of his target compensation, meaning the board of directors thought Nadella exceeded expectations...

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      Mentions: CEO SEC stock options
    10. Bill Gates Talked to Reid Hoffman About Being on Microsoft's Board of Directors

      Bill Gates Talked to Reid Hoffman About Being on Microsoft's Board of Directors

      On May 9th, not too long after Microsoft and LinkedIn began their initial talks about the possibility of an acquisition, Microsoft cofounder Bill Gates and LinkedIn founder Reid Hoffman held a private meeting that had been previously scheduled.  Normally, you never get to find out what happens when business leaders hold meetings like this...

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    11. An Activist with a 10 Percent Stake in Pandora is Pressuring the Company to sell itself (P)

      An Activist with a 10 Percent Stake in Pandora is Pressuring the Company to sell itself (P)

      Shares of Pandora are up almost four percent in after-hours trading, after an activist investor launched a campaign to force the company to put itself up for sale.

      In a letter addressed to Pandora's board of directors filed on Monday, Corvex Management's Keith Meister claims that his firm owns 9.9% of the company's stock, and expresses concerns "the company has been unable to date to translate its great product into a great business with an attractive public market valuation...

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    12. Microsoft CEO Satya Nadella's First Big Hire got a $7.8 Million signing bonus (MSFT, Qcom)

      Microsoft CEO Satya Nadella's First Big Hire got a $7.8 Million signing bonus (MSFT, Qcom)

      Microsoft paid a lot of money to poach Peggy Johnson from Qualcomm.  When Microsoft CEO Satya Nadella convinced Johnson to work for the company as its VP of business development after 24 years at San Diego's Qualcomm, he sweetened the offer with a $7.8 million signing bonus.  Thanks to that one-time bonus, Johnson's total annual pay for fiscal 2015 adds up to a hefty $14.53 million...

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      Mentions: CEO stock options
    1-14 of 14
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    Microsoft CEO Satya Nadella's First Big Hire got a $7.8 Million signing bonus (MSFT, Qcom) An Activist with a 10 Percent Stake in Pandora is Pressuring the Company to sell itself (P) Bill Gates Talked to Reid Hoffman About Being on Microsoft's Board of Directors Microsoft CEO Satya Nadella’s Latest Report Card had Only One Bad Grade PayPal Cofounder Max Levchin Just Joined the Board of a $865 Million Startup to get it Back on Track for an IPO Snap is Asking Investors to Put a $25 Billion Valuation on 2 People The Amazon exec leading the charge against Microsoft and Google made $35.6 million last year (AMZN, Goog, Googl, Msft) Marc Benioff Took a 60% Cut to his $33 Million Pay Package to Appease Salesforce Investors (CRM) Netflix's CEO Gave Peter Thiel a Bad Grade as a Facebook Board Member Because he Supported Trump Breaking News:  Eric Schmidt is Stepping Down as Executive Chairman of Alphabet, Google's Parent Company Caesars Union Wants Private Equity Firms off Board Committee Battle Brewing at DavidsTea Over Election to Company's Board of Directors