Skip to main content

Rare light aircraft crash in Beijing kills pilot, injures 13 people

A light aircraft crash into Beijing's tallest building on Friday killed ​the pilot and injured 13 people who were not on ‌board, the local government said following the unusual accident for the Chinese capital, where airspace is heavily restricted. Those injured are receiving medical treatment and authorities are ​investigating the incident, Chaoyang district government said in a statement ​on Saturday. "A single-engine, two-seat light sport aircraft collided with ⁠a high-rise building while flying near the East third ring road ​in Chaoyang, at 5:55pm (0955 GMT) on June 26," said the ​statement, which was posted on social media. "There was only one person on board, the pilot, who died," the statement added, without giving any further details of ​the possible cause of the crash. Damage to the facade of the ​skyscraper appeared to be limited to a hole caused by the loss of ‌two ⁠large glass panels. The gap had been temporarily boarded up as ...
Post a Comment

Meta doubles executives' bonuses to 200% of salary after recent layoffs

Meta has announced that it will more than double the target bonus percentage for its top executives to 200% of their base salaries, a move that comes just a week after the company laid off 5% of its workforce. In a filing with the Securities and Exchange Commission (SEC) on Thursday, Meta stated that it had approved an increase in the bonus targets for its executive officers. The new bonus structure will see executives receive up to 200% of their base salaries, a significant increase from the previous target of 75% in 2023 and 2024. The company explained that this change in the bonus structure aims to "motivate" and "reward" its executives for their contributions to the company’s priorities and achievements. Meta’s Chief Financial Officer Susan Li, Chief Product Officer Christopher K. Cox, Chief Operating Officer Javier Olivan, and Chief Technology Officer Andrew Bosworth will all benefit from this increase in their bonuses. Each of these executives earned around $1 million in bonuses in 2023, according to an April 2024 SEC filing. The bonus boost comes as Meta seeks to stay competitive with other major tech companies like Amazon, Microsoft, and Apple. According to the SEC filing, the company found that its 2024 bonus payouts were "at or below the 15th percentile" of those paid to executives in similar roles at its peer companies. After the increase, Meta’s bonuses will be in line with the "50th percentile," providing a more balanced approach compared to its competitors. This announcement of higher bonuses arrives on the heels of a major restructuring effort at Meta. Last week, the company laid off 3,600 employees, or 5% of its 72,000-person workforce, citing the need to focus on "low performers." The layoffs were implemented via email, and Meta is now looking to increase hiring for machine-learning engineers. Despite the bonus increase, Meta’s CEO, Mark Zuckerberg, does not participate in the bonus structure. Zuckerberg, who earns a base salary of $1, received $24.4 million in "other compensation" in 2023, primarily for security and the personal use of private aircraft. Alongside the bonus increases, Meta has also decided to cut its annual distribution of stock options by 10% for its employees, further adjusting its compensation structure.

from Latest World News, International News | Breaking World News https://ift.tt/PrXYnmd
Labels:

Comments

Post a Comment

Popular posts from this blog

At least 32 miners dead after bridge fails at cobalt site in southeast DR Congo

A bridge collapsed at a cobalt mine in southeast Democratic Republic of Congo killing at least 32 wildcat miners, a regional government official said Sunday. The bridge came down Saturday onto a flooded zone at the mine in Lualaba province, Roy Kaumba Mayonde, the provincial interior minister, told reporters. He said 32 bodies had been recovered and more were being searched for. The DRC produces more than 70 percent of the world supply of cobalt, which is essential for batteries used in electric cars, many laptop computers and mobile phones. More than 200,000 people are estimated to be working in giant illegal cobalt mines in the giant central African country. Local authorities said the bridge collapsed at the Kalando mine, about 42 kilometres (26 miles) southeast of the Lualaba provincial capital, Kolwezi. "Despite a formal ban on access to the site because of the heavy rain and the risk of a landslide, wildcat miners forced their way into the quarry," said Mayonde. He said ...
Post a Comment
Read more

Indian devotees splurge on jets, gold idols as Hindu temple opens

The private jet parking lots at airports near the Indian city of Ayodhya are full and the shops have run out of gold-plated idols, as wealthy devotees prepare for the invite-only opening ceremony of one of Hinduism's holiest temples. Indian Prime Minister Narendra Modi and Asia's richest man Mukesh Ambani are among the 8,000 or so attendees at Monday's inauguration event for the Ram Temple, which devotees believe is built on the birthplace of Lord Ram, a sacred Hindu deity. The construction of the temple, which began after the Supreme Court awarded the site to Hindus in 2019 more than two decades after a Hindu mob razed a mosque there, triggering deadly riots, fulfils a key campaign promise of Modi and his Hindu nationalist party. Read BJP-promised temple transforms Ayodhya: Muslims, locals feel neglected The opening ceremony, organised by the trust that built the temple, comes months before a national election which the ruling Bharatiya Janata Party is widely expected to w...
Post a Comment
Read more

Vancouver tribunal says 'every dog is entitled to one bite' in injury case

A woman who sought nearly $5,000 in damages after being bitten by a dog on Christmas Eve has had her claim dismissed, after a British Columbia tribunal ruled the incident amounted to an accident — and that “every dog is entitled to one bite.” Ying Shen was bitten on the hand by a mini Australian Shepherd named Juliet as she stepped out of an elevator in her apartment building in Vancouver on 24 December 2022. The dog, which was leashed and accompanied by neighbour Jeffrey Dale Polo, bit Shen as the two passed each other in the corridor. According to the B.C. Civil Resolution Tribunal’s decision, Polo apologised, saying Juliet was “usually well behaved.” Shen sought medical attention that night at St. Paul’s Hospital, where she was treated for a superficial abrasion and given a tetanus shot. She later filed a report with the City of Vancouver. A bylaw officer determined that Juliet was not considered dangerous under city regulations, though the dog was found to be unlicensed. In his 5 M...
Post a Comment
Read more