US News: CEO's on $1, Amazon Cloud Payday, money in dinosaurs
April 24, 2015
Stories from the US you need to know today!
CEO's who only pull $1
Amazon on a cloud pay day
There gold in them thar bones!
CEO's who only pull $1
Yes they are still out there – CEO’s who run large multi-national companies but don’t take home a wage. Who are they? Well it’s not surprising that Elon Musk of TESLA took him zero salary last year. He was offered the basic minimum wage of $35,360.00 but ended up not cashing the cheque in. Musk is not alone. He joins Whole Foods John Mackey, Googles Larry Page and Sergey Brin, Facebooks Mark Zuckerberg and Kinder Morgan’s Richard Kinder who all took a token $1. When Michael Bloomberg was Mayor of New York he famously took home $1 a year but he didn’t cash it in. Of course one could argue that stock options for people at that level and running these types of multi-nationals far out-weigh the salary and wage values. But, as the minimum wage wars gain momentum for service workers in the United States now could be a good time for organisations such as McDonalds to take note and that is a happier workforce is a more productive one especially as they see executives making salary sacrifices.
Amazon on a cloud payday
If you are a start-up business in the cloud arena then take note – Amazon is spending up large and when they do there must be something in it. Even though the online retail giant reported a quarterly loss they have eyes fixed firmly on the emerging and lucrative cloud computing sector. In fact as they released the revenue figures they announced that the cloud business had earned $265 million in profit off $1.5 billion in sales which means they could reach the $5 billion annual revenue target for the business unit. Sales in the cloud division were up 49%. "Amazon Web Services is a $5 billion business and still growing fast -- in fact it's accelerating," said Jeff Bezos, Amazon's CEO, in a prepared statement. "Born a decade ago, AWS is a good example of how we approach ideas and risk-taking at Amazon."
Theres gold in them thar bones!
And just for fun – it looks like there is money in look for old bones, or in this case, dinosaur bones. Back in 1992 a 70 year old American spotted a rock formation that led to a massive discovery. It was a 65 million year old Triceratops skull. When he eventually sold the property in Montana where the discovery was made, the rock formation was pulled apart and cleaned to reveal the skull. Since then the skull has changed hands but it’s what it has fetched in its latest sale - $1.8 million to a buyer in Hong Kong. It’s a lucrative business this fossil hunting with a T-Rex fossil going for $8.5 million in 1997.
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