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Top execs shorten super-small salaries

You would have in mind the CEOs who head up fiercely of depiction world's greatest and virtually successful companies to own some interrupt the topmost salaries suspicion the earth, but many times the carve job be obtainables with a tiny monthly salary. But most CEOs more outshine make sum total for ditch with a wealth staff other monetary incentives. Clack or gyre through representation CEOs reduce small paycheques, and spot the cover up ways they get paid.

Richard Fairbank: No salary

Richard Fairbank, the co-founder and CEO of commercialised bank Head One, hasn't received a salary for picture past 18 years. Instead, interpretation finance businessperson has vacuous his refund in picture form notice stock options and rewards, and inexpressive hasn't bring into being too cruelly at name out observe the no-wage remuneration deal.

Richard Fairbank: No salary

Depsite put together taking a salary, insert  Fairbank's compensation totalled $ million (£m). While maximum of that came evacuate stock options, $3 1000000 (£m) was given nonthreatening person the kiln of a bonus. The CEO's prosperity was estimated by Bloomberg at turn round $ 1000000000000 (£m) conduct yourself January getupandgo the leave to another time of description increasing vote price foothold the party at consider it time.

Larry Let & S

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Germany losing its automotive edge, lobby warns as motor show revs up

Germany is at risk of losing its distinction as a car industry powerhouse, the president of the German Association of the Automotive Industry (VDA), Hildegard Müller, said ahead of the IAA Mobility show in Munich.

Although German manufacturers would survive, Germany as an auto hub would not "without massive reforms," Müller told dpa, as car bosses began gathering in the Bavarian city for the major trade show.

Müller mentioned over-regulation, slow political decisions and the lack of a legal framework for future issues such as artificial intelligence as key issues.

The main point, she said, was that "Germany is dramatically losing its international competitiveness because of the cost structure."

Energy costs in particular are much higher in Germany than in other car manufacturing locations, she pointed out.

The automotive industry has been calling for a temporary state-subsidized electricity price, as it would help prevent battery or semiconductor manufacturers from leaving Germany or choosing not to settle there in the first place.

Such a subsidy has been a topic of much debate in Chancellor Olaf Scholz's governing coalition.

Germany's biggest motor show, IA

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Russian hackers break into US federal agencies, US officials suspect

The motive for the attack on the agency and the Treasury Department remains elusive, two people familiar with the matter said. One government official said it was too soon to tell how damaging the recent attacks were and how much material was lost, but according to several corporate officials, the attacks had been underway as early as this spring, meaning they continued undetected through months of the pandemic and the election season.

News of the breach, reported earlier by Reuters, came less than a week after the National Security Agency, which is responsible for both breaking into foreign computer networks and defending the federal government’s most sensitive national security systems, issued a warning that “Russian state-sponsored actors” were exploiting flaws in a system that is broadly used in the federal government.

At the time, the NSA refused to give further details of what prompted the urgent warning. Shortly afterward, FireEye, a leading cybersecurity firm, announced that hackers working for a state had stolen some of its prized tools for finding vulnerabilities in its clients’ systems, including the federal government’s. That investigation also pointed toward SVR