Frontgrade Technologies Receives DLA’s First-Ever Organic Y Certification
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)--May 10, 2023--
2023-05-11 00:20
Apollo Global Q1 earnings fall 8%, missing estimates
By Chibuike Oguh NEW YORK Apollo Global Management Inc said on Tuesday its first-quarter adjusted net income fell
2023-05-09 18:52
Elon Musk calls working from home ‘morally wrong’
Elon Musk faced backlash for arguing that people who worked from home were “morally wrong” because it was unfair to those who could not work remotely. In an interview with CNBC’s David Faber on Tuesday, Mr Musk described the people working remotely as “laptop classes”, saying that the issue extended beyond productivity concerns. He likened the concept of working from home to a quote often attributed to Marie Antoinette, the last queen of France before the French Revolution. “I think that the whole notion of work from home is a bit like the fake Marie Antoinette quote, ‘Let them eat cake’,” Mr Musk said. “It’s not just a productivity thing. I think it’s morally wrong.” Mr Musk criticised the hypocrisy of expecting service industry workers to go to work while others had the privilege of working from home. “Get off the goddamn moral high horse with the work-from-home bulls**t,” he said. “People building the cars, servicing the cars, building houses, fixing houses, making the food, making all the things that people consume. It’s messed up to assume that, yes, they have to go to work, but you don’t” he said. “It’s not just a productivity thing, I think it’s morally wrong.” The tech mogul has been a fierce advocate of return-to-office policies. He imposed a strict policy in Tesla in June 2022, warning employees that they would lose their jobs if they did not comply. The policy required employees to spend a minimum of 40 hours in the office a week and anything less would be “phoning it in”. “The laptop class is living in la-la land,” he said. Mr Musk’s comments on work-from-home culture generated a divided response on the internet, with many lashing out at him. “Being one of the world’s richest man, @elonmusk sounded tone deaf when he himself expects ppl to eat cake rather than share his wealth. @davidfaber just sounds like a boomer with his ‘productivity’ whining. Ppl are as productive and engaged working from home - if not more,” a Twitter user said. Another user, Lora Kolodny, pointed to another CNBC report which said Tesla will carve out deals for “exceptional” employees amid the company’s hardline policy to return to work. The report, which cited sources, said Tesla was struggling to bring all its employees back to the office due to a lack of resources. “Uhhh - REALLY!? Because as far as I know, Tesla and Twitter under Musk’s management will grant ‘exceptional’ employees right to work from home. Memba this?” Ms Kolodny said. In the hour-long interview, Mr Musk also said he did not care for the consequences of his unfiltered and unabashed views on Twitter even if it meant incurring financial losses. “I’ll say what I want to say, and if the consequence of that is losing money, so be it,” he said. He added that Twitter will attempt to rehire some of its staff after dramatically firing employees following his controversial takeover of the microblogging platform. He acknowledged that the job cuts were too deep. “Desperate times call for desperate measures… Unfortunately, if you do it fast, there are some babies who will be thrown out,” Mr Musk said, adding there is a possibility of rehiring people who were let go. Read More Lawsuit filed against Twitter, Saudi Arabia; claims acts of transnational repression committed Elon Musk subpoenaed by US Virgin Islands in Jeffrey Epstein lawsuit Linda Yaccarino: How Elon Musk may have hired his biggest critic to head Twitter AI pioneer warns UK is failing to protect against ‘existential threat’ of machines Elon Musk announces Linda Yaccarino as new CEO of Twitter How Elon Musk may have hired his biggest critic
2023-05-17 13:55
Oil Edges Higher With US Seeking Crude for Strategic Reserves
Oil edged higher ahead of key economic data from China as the US started soliciting bids for crude
2023-05-16 08:17
Exclusive-EDF CEO tells managers nuclear business to be reorganised
PARIS EDF CEO Luc Remont told managers on Thursday that the state-owned power group's nuclear activities would be
2023-06-30 01:46
Best Buy to Sell Continuous Glucose Monitoring Systems
MINNEAPOLIS--(BUSINESS WIRE)--Oct 9, 2023--
2023-10-09 18:23
Climate activists put the heat on shareholder meetings
Climate activists are using shareholder meetings to turn up the heat on corporations about their carbon footprints, from flooding them with questions to more colourful tactics like...
2023-05-17 11:18
Chevron, Repsol Poised to Capitalize on Venezuelan Oil Opening
Venezuela has an opportunity to resuscitate the linchpin of its economy — oil — now that punishing US
2023-10-21 20:58
Saudi Oil Cuts Throw Last Year’s Standout Economy Into Slow Lane
Saudi Arabia’s decision to extend its oil production cuts — part of a so far largely unsuccessful bid
2023-07-09 13:16
Target’s Struggles Are Only Getting Worse
Target Corp.’s results have been deteriorating since last year, and the retailer is likely to add to investors’
2023-08-15 17:53
Hawaiian Electric's stock plunges again after S&P downgrades its credit rating
Hawaiian Electric Industries' stock plummeted another 10% Tuesday after S&P Global downgraded the company's credit rating to junk.
2023-08-16 02:48
Oil and gas withdrawal around US park stirs debate over economic costs for Native American tribe
Some Republican members of Congress are voicing opposition to the Biden administration's recent move to withdraw hundreds of square miles of federal land in New Mexico from oil and gas development
2023-07-14 08:24
You Might Like...
Stock market today: Asian shares are mixed ahead of Fed Chair speech and Nvidia earnings
Rich Nations Must Meet $100 Billion Climate Goal, COP28 Director Says
GM postpones expanding production of electric trucks
Could a US debt default unleash global chaos?
Moody's warns US government shutdown would be 'credit negative'
Electrical grids aren't keeping up with the green energy push. That could risk climate goals
Bank of Korea flags upward risks to core inflation
T-Mobile US and Deutsche Telekom Reveal 2022/23 T Challenge Winners