EA and Activision Blizzard CEOs featured in ‘The 100 Most Overpaid CEOs’ report

EA and Activision Blizzard CEOs featured in 'The 100 Most Overpaid CEOs' report

The chief executive officers of two major video game companies have found their way onto As You Sow’s 2019 report on “The 100 Most Overpaid CEOs”, a report that uses pay data to call out pay disparities in publicly traded American companies.

Both Electronic Arts’ Andrew Wilson and Activision Blizzard’s Bobby Kotick have earned spots on this year’s list along with the likes of Walt Disney’s Bob Iger, Netflix’s Reed Hastings, and 96 other high-earning execs. This all comes just a week after Activision Blizzard announced that it would lay off an estimated 800 employees following the close of a record year.

As You Sow takes more than a CEO’s yearly earnings into account when ranking its list, something detailed in full in the full report. In short, the organization looks at factors like total shareholder return and votes against CEO pay packages to calculate the chief execs earning in excess. The methods for calculating that exact excess can be found in Appendix C in the full report as well.

Following that methodology, the group clocked Activision Blizzard CEO Bobby Kotick as number 45 on that ranked list of the most overpaid CEOs. By As You Sow’s data, Kotick is paid $28,698,375 (an excess of $12,835,277 by the organization’s estimates). The ratio of Kotick’s pay compared to median worker pay at Activision Blizzard is 301:1.

The median pay ratio for S&P 500 companies is 142.1, while the median pay ratio for the 100 members of As You Sow’s list is 300:1.

Electronic Arts’ Andrew Wilson, meanwhile, is ranked a bit lower on the list as number 98. His yearly take is $35,728,764 (an estimated excess of $19,673,861 as determined by the report), a paycheck that was supported by 97 percent of shareholders’ votes. Though median pay ratio wasn’t used as a metric for ranking those high-earning CEOs, the difference between Wilson’s own pay and that of the median Electronic Arts employer is greater than Kotick’s. As You Sow records that ratio as 371:1.

The gap between median worker pay and CEO pay has ballooned in just the past several decades, as explained in the following quote captured by Axios.

“If you look at the pay of top CEOs relative to workers, that ratio in the 1950s was 20 to 1, was about 30 to 1 by the late ’70s, and by the mid-1990s it was 120 to 1,” said Robert Reich, former Labor Secretary for President Bill Clinton, during a recent call with Axios and other reporters. ”When I was working in the White House that was a cause of real concern. That ratio seemed appalling to most people. Now it’s 300 to 1.”

[“source=gamasutra”]

Report: What’s A Pretty Lady Like You Doing Around An Article Like This?

THEONION.COM—Remarking with equal parts surprise and delight that of all the news stories in the world, you started reading this one, sources couldn’t help but wonder what a pretty little lady like you was doing hanging around an article like this. According to experts, you should probably just run along back to the front page where it’s safer—but then again, where’s the fun in that? Sure, there’s a lot of, let’s say, shadyarticles around here, but most of them are harmless, and a girl can still learn a lot hanging around them. Moreover, while we can’t deny that something about you caught our eye from across the lede line, we can’t help thinking that maybe it was fate that brought you here. While admitting that can’t be corroborated, many in similar circumstances found themselves unable to completely dismiss the idea of kismet altogether. “There’s nowhere you can be that isn’t where you’re meant to be,” John Lennon once said of this sort of situation. Furthermore, sources want to know: So what about you? Do you believe in destiny? We apologize if that is a silly question for a news source to ask; besides, it’s clear that you deserve better than this article. After all, in most cases such as this, an attractive and accomplished lady such as yourself can count on all sorts of classier, glossier publications vying for your attention. However, those close to the issue are speculating that perhaps you really are different than all the others. This newspaper is not trying to be forward, but, maybe you would like to get together for another article with us some time? At press time, she’s gone, just like that, and maybe it was never meant to be.

 

[“source=theonion”]

 

Android Q Likely to Offer Native Screen Recording Feature Like iOS: Report

Google released Android 9 Pie, the next gen of Android Oreo at the company’s I/O event last year. Following the company’s track record, Google is said to release the next version of Android which most likely is expected to be Android Q at this year’s I/O event which is scheduled to happen in the month of May. After churning the rumour mill, Google I/O developer conference has been scheduled to take place starting May 7 and it will continue until May 9. Like every year the I/O developer conference will yet again happen in Mountain View, California.

Ahead of the release of the next Android version, rumours and leaks about the upcoming Android Q have been making rounds on the internet for quite some time. Until now, the most talked rumour about the next Android version is that it will bring system-wide dark mode which is going to be word of mouth for the smartphone users in 2019. Now, a new report from XDA Developers suggests that Android Q or the next Android version from Google will come with support for Face ID-like facial recognition hardware which will basically enable users to have much secure face unlock authentication experience than ever before.

Android Q May Bring Several New Features

Google I/O 2019 Developer Conference is nearing. The date of the conference has been confirmed. The Google I/O 2019 developer conference has been scheduled for May 7 and it will continue until May 9. During the event, Google will talk about several products it has been working over the last year. It will announce the next-gen Android version after Pie at the same I/O event. Rumours and leaks about the features coming with Android Q have already become the talk of the town. One of the key feature that Android Q is expected to bring to smartphones in system-wide dark mode. Lately, even Facebook-owned messaging platform WhatsApp revealed that it is bringing dark mode soon.

A new report now reveals another very interesting feature that the upcoming Android Q is expected to bring to the users. It is the Face ID-like facial recognition support. Additionally, some reports also suggest that the Android Q will also come with other features like — system-wide screen recording tool, new emergency shortcut, updated notification management mechanism, and lastly the new Android version could bring WPA3 security standard support.

With the addition of the native support for Face ID-like hardware feature, Google could be looking towards improving users security. Android Q’s AOSP build has been leaked and it shows that the next Android version will have the ability to actively check the presence of dedicated facial recognition hardware even before moving ahead with a secure process.

Android Q to Offer Native Screen Recording Feature

Notably, Android Q’s Face ID protocol reportedly requires users to provide additional information such as security PIN, password or pattern lock which will basically work as a secondary security pathway. Reports in fact also suggest that Android Q’s facial recognition system will enable users to log in to some applications and services besides just unlocking the phone.

Additionally, another report coming from 9to5Google suggests that Android Q will come bundled with some of the other features like system-wide screen recording. This feature will basically allow users to record their screen content or even add their own voiceover during the recording process is ongoing and then share it with others. The next Android version is also said to come with some other security features like WPA3 support for Wi-Fi.

[“source=telecomtalk”]

Global smartphone market to shrink in 2019: TrendForce report

Global smartphone market,smartphone market, TrendForce report

The global smartphone market is expected to shrink further in 2019 due to weaker demand and other unfavourable factors, a report said on Tuesday.

Global smartphone production is expected to reach 1.41 billion units this year, down 3.3 % from the previous year, according to the report from TrendForce, a leading market intelligence provider.

Replacement demand is likely to slacken this year due to a lack of devices with landmark functions, TrendForce said, adding global smartphone output could drop as much as 5 % on-year due to the uncertainty and fallout from the ongoing trade war between the US and China, Yonhap news agency reported.

Samsung Electronics Co is projected to grab the leading market share of 20 % this year, followed by Huawei with 16 % and Apple Inc with 13 %.

Among the top three industry players, Huawei will likely become the only company to post positive growth in smartphone production.

Samsung’s smartphone output is predicted to shrink 8 % on-year to 293 million units, with Apple’s production likely to fall 15 % to 189 million.

Earlier, another industry tracker, Strategy Analytics, predicted global smartphone shipments to come to 1.43 billion this year, down 0.6 % from a year earlier.

Strategy Analytics forecast a market share of 20.3 % for Samsung, 16.1 % for Huawei and 14.4 % for Apple.

TrendForce said Samsung will likely take a more aggressive strategy in terms of price and specifications as the company finds it hard to tap new business areas.

[“source-“hindustantimes”]

US, China Vow Cooperation On Diplomatic Anniversary Amid Trade War: Report

US, China Vow Cooperation On Diplomatic Anniversary Amid Trade War: Report

Beijing: The presidents of China and the US have exchanged messages vowing to boost cooperation despite a bruising trade war on the 40th anniversary of the countries’ diplomatic relations, Chinese state media reported.

Tensions between Beijing and Washington soared in 2018 over trade disputes, although US President Donald Trump has frozen the latest planned tariff hike and on Saturday reported “big progress” after a call with his counterpart Xi Jinping.

In the messages sent Tuesday, Xi underlined the importance of working with the US “to advance China-US relations featuring coordination, cooperation and stability”, state news agency Xinhua reported.

According to Xinhua, Trump praised the last four decades of diplomacy between China and the US, hailing his “solid friendship” with the Chinese leader.

Washington and Beijing imposed tit-for-tat tariffs on more than $300 billion worth of goods in total two-way trade last year, locking them in a conflict that has begun to eat into profits and contributed to stock market plunges.

Trump initiated the trade war because of complaints over unfair Chinese trade practices — concerns shared by the European Union, Japan and others.

Since the two leaders agreed on a truce on the sidelines of the G20 summit meeting in Buenos Aires, however, there have been small signs of progress — and an absence of new threats from Trump.

China and the US established diplomatic relations on January 1, 1979, with Washington pledging to maintain only non-official ties with Taiwan.

In the same year, late paramount leader Deng Xiaoping, often credited with China’s “Reform and Opening” policy which led to its economic transformation, met US president Jimmy Carter in the United States.

Ties have improved dramatically from their Cold War nadir, though the two countries have since weathered ups and downs over a number of issues including Taiwan, human rights, and trade.

In December, China’s major state-owned grain stockpiler said it had resumed buying US soybeans, and Beijing announced it would suspend extra tariffs on US-made cars and auto parts starting January 1.

[“source-ndtv”]

India’s Retaliatory Tariffs To Hit US Exports Worth $ 900 Millon: Report

India's Retaliatory Tariffs To Hit US Exports Worth $ 900 Millon: ReportWashington: 

India’s proposed retaliatory tariffs against US agricultural products including apples, almonds and lentils will have an adverse impact on American exports worth nearly $ 900 million, according to the latest Congressional report.

India last year announced higher import duties on many US products like apples, almonds, walnuts, chickpeas and lentils in retaliation to President Donald Trump’s decision to impose heavy tariffs on imported steel and aluminium items, a move that sparked fears of a global trade war.

However, India is the only major country which has been continuously postponed the implementation of the retaliatory tariffs despite announcing it more than six months ago.

In October last year, Trump described India as a “tariff king” as he reiterated his allegations that New Delhi has a high tariff rate on various American products.

India’s proposed retaliatory tariffs is far less than that by China on more than 800 American agricultural products which accounted for approximately $ 20.6 billion in exports to the US in 2017.

China is followed by Canada ($ 2.6 billion), Mexico ($ 2.5 billion), the European Union ($ 1 billion) and Turkey ($ 250 million) in slapping retaliatory tariffs on the agricultural products from the US.

Countries have imposed tariffs on American agricultural products to retaliate against actions the Trump administration took in March, 2018 to protect US steel and aluminum producers and in response to Chinese intellectual property rights and technology policies.

Since then, over 800 US food and agricultural products have been subject to retaliatory tariffs from China, the EU, Turkey, Canada and Mexico, the bipartisan Congressional Research Service (CRS) said in its report ‘Profiles and Effects of Retaliatory Tariffs on US Agricultural Exports’.

The CRS, an independent research wing of Congress, regularly prepares reports on various issues for the lawmakers to take informed decisions.

US exports of those products to the retaliating countries totaled $ 26.9 billion in 2017, according to the United States Department of Agriculture (USDA) export data.

It all started on March 23, 2018, when the Trump administration applied a 25 per cent tariff to all US steel imports and a 10 per cent tariff to all US aluminum imports, citing an investigation that showed national security concerns.

“Canada, China, Mexico, the EU and Turkey retaliated with tariffs on imports of US agricultural and food products and other goods.

“India has proposed retaliatory tariffs on US apples, almonds, walnuts, chickpeas and lentils, but it has delayed implementation pending ongoing negotiations with the Trump administration,” said the CRS.

Reports of CRS are prepared by independent experts for the lawmakers to make informed decisions and are not an official position of the US Congress.

In its report dated December 31, the CRS sad in response to the tariffs the Trump administration levied on US imports of steel and aluminum from India earlier this year, India has threatened to impose retaliatory tariffs on a handful of US agricultural and food products. The date for imposing these tariffs has been pushed back several times, and they are currently set to become effective on January 31, 2019.

“US exports of the targeted products were valued at USD 857 million in 2017, comprising 54 per cent of the $ 1.8 billion of total US agricultural exports to India. US almond growers, in particular, could feel the effects of India’s threatened tariffs should they enter into force,” said the CRS, a copy of which was obtained by PTI.

India ranked third as a destination for US apple exports in 2017, purchasing $ 97 million of US apples, or 10 per cent of the total exports.

“The Indian government proposes to apply a 30 per cent retaliatory tariff on imports of US apples on January 31, 2019,” the CRS said. Comparatively, US apple exports to Mexico and China are now subject to additional retaliatory tariffs of 20 per cent and 40 per cent respectively, raising the total tariff rates to 20 per cent and 50 per cent respectively.

The Trump administration has taken measures to ease the downside effects of the retaliatory tariffs on farmers and ranchers through a $ 12 billion trade aid package.

Under the initiative, USDA has committed to making direct payments to farmers of selected commodities subject to the tariffs, as well as buying up surplus quantities of some commodities and providing funding for additional trade promotion efforts.

[“source-ndtv”]