Results for: Compensation

An anonymous post by an Amazon employee claiming to have earned a significant salary while doing minimal work has gone viral, sparking debate on work ethics and the realities of tech industry compensation. The post, shared on the professional forum Blind, details how the employee leveraged automation and meetings to achieve a seemingly effortless lifestyle within Amazon, earning approximately ₹3.1 crore. While some users applaud the individual’s skills and questioned the company’s management, others criticized the employee’s actions and linked it to the recent wave of tech layoffs.

An IndiGo passenger, Monik Sharma, lost his checked-in luggage on a domestic flight from Kolkata to Guwahati, containing items worth ₹45,000. The airline offered a meager ₹2,450 compensation, sparking outrage online. The incident highlighted the airline’s limited liability for lost luggage, prompting concerns about mishandling and inadequate compensation.

A leaked spreadsheet reveals compensation details for software engineers at Microsoft, highlighting the company’s focus on AI. The document shows significant salary differences between departments, with engineers in the newly established AI organization earning significantly more than those in other areas, including Azure.

Starbucks has announced a substantial compensation package for its new CEO, Brian Niccol, which includes a $10 million sign-on bonus, a $75 million equity grant, and an annual grant potentially worth $23 million. The company is hoping Niccol can replicate his success at Chipotle and drive growth for Starbucks.

Starbucks’ newly appointed CEO, Brian Niccol, will receive a massive compensation package exceeding $113 million, including a $10 million sign-on bonus, $75 million equity grant, and a potential $23 million annual grant. Niccol will also enjoy the privilege of working remotely from his Newport Beach, California home, with Starbucks covering temporary housing and providing a personal chauffeur until he secures permanent housing in Seattle. This appointment has stirred the restaurant industry, with analysts viewing it as a positive move for Starbucks due to Niccol’s success in significantly boosting Chipotle’s stock price and profits during his tenure as CEO.

The Supreme Court criticized the Maharashtra government for its failure to pay compensation to a private party for acquired property. The court highlighted the government’s prioritization of freebie schemes over compensating for land loss and warned of consequences if the order isn’t followed.

The Thane Motor Accident Claims Tribunal (MACT) has awarded a compensation of nearly Rs 11.4 lakh to the family of a 57-year-old carpenter who died in a road accident in June 2019. The accident occurred when the carpenter was riding pillion on a motorcycle and was hit by a recklessly driven dumper on the Sion-Trombay road.

The Samajwadi Party (SP) has been accused of offering financial compensation to the family of a 12-year-old girl who was gang-raped in Ayodhya. The allegations surfaced after an SP leader, Moid Khan, was arrested in connection with the attack. The victim’s family was allegedly approached by an SP chairman who offered money and asked them to settle the case. The SP has been criticized for not taking action against Moid Khan, who is a member of the Ayodhya MP’s team. The incident has sparked outrage and political debate, with the BJP demanding an increased compensation for the victim’s family.

French taxi drivers are demanding government compensation for lost revenue during the Paris Olympics, claiming that traffic disruptions and fewer regular clients have significantly impacted their businesses. The unions are calling for a compensation fund to cover income lost during the Games, which they say have been a “huge disappointment” for the taxi industry.

Samajwadi Party MP Akhilesh Yadav has urged Lok Sabha Speaker Om Birla to direct the government to provide ₹1 crore compensation to the families of three IAS aspirants who died in a coaching center flood in Delhi. He also demanded strict action against those responsible for negligence. The incident occurred due to heavy rains and the absence of a drainage system and safety measures at the coaching center.