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“Elon Musk wins appeal to restore $56B Tesla pay deal that was called ‘unfathomable’” Elon Musk’s 2018 pay package from Tesla, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as “unfathomable.” The ruling overturns a decision that had prompted a furious…
Once a startup has raised its seed round, the perennial question becomes how much should the founders pay themselves and their first few employees? Kruze Consulting, a CPA firm that specializes in venture-backed startups, recently analyzed average salary ranges for over 450 seed-stage startups and shared that data with TechCrunch. The following averages are based…
“Gov. Kathy Hochul fails to tie NY lawmaker raises to tougher bail law: sources” Gov. Kathy Hochul tried to trade approval of a massive legislative pay raise for tougher bail rules — only to cave when Democrats secured a veto-proof majority in the state Senate, The Post has learned. Hochul — who got battered over…
“Elon Musk cites focus on reviving Tesla, defends $56B pay” Elon Musk said he was completely focused on Tesla in 2017 when the electric car maker was in “crisis,” as he testified in a Delaware court on Wednesday to rebut claims that his $56 billion pay package was based on easy performance targets and approved by a compliant…
“Chef salaries rising amid labor shortage, demand to dine out” The demand for experienced restaurant staff has put salaries on a fast boil – with pay skyrocketing as much as 75% and one recently hired chef scoring a $400,000 deal, Side Dish can report. The salaries are soaring thanks in large part to a labor…
“‘You Can Negotiate Anything’ advice still holds up in 2022” Most people have a lesson or two — pithy, easily remembered — they associate with their parents. Rich Cohen’s dad, Herbie, has enough lessons to fill a book. “If you’re conned into believing you’re free, escape is not an option.” “Only dead salmon go with…
“Letters to the Editor — April 17, 2022” Uber’s price surgeYou report that critics of Uber call that company’s rising fares “downright unethical” (“We are being taken for a ride,” April 15). Prices reflect underlying realities of demand and supply. In New York City, rising crime (thanks, Bill de Blasio!) simultaneously raises the demand for…
“How do I negotiate the salary I want in a new job?” How do you handle a salary negotiation for a new job? I have an interview set up and I want the job, but don’t want to price myself out. Conversely, I don’t want to sell myself short either. Any tips? There’s so much…
“Amazon pays summer interns three times as much as some warehouse workers: report” Amazon pays summer interns more than three times as much as some warehouse and delivery workers, according to data published Tuesday. The median corporate intern at Amazon — which offers internships throughout the year — rakes in $8,000 a month, according to…
“New pay transparency laws can help in salary talks” It’s the dreaded question in a job interview — how much do you expect to make? But, as of this May, new salary-transparency laws in New York City will change the way that the awkward topic is broached by both job seekers and employers. In an…