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Amazon.com Inc plans to award incoming Chief Executive Andy Jassy more than $200 million in extra stock, which will pay out over 10 years, the company said in a regulatory filing on Friday. Amazon will record the grant of 61,000 shares on July 5, the filing said. That’s the date Jassy succeeds Jeff Bezos in…
Last year, open enrollment for 2021 employee benefits presented a first-of-its-kind situation, with much of the workforce working remotely. The 2022 benefits open enrollment period, which most companies will hold sometime between late November and early December, presents fresh demands as employers adjust to a mix of onsite and remote workers. Employees’ priorities have also…
The IRS has extended through June 30, 2022, remote notarization relief that gives retirement plans greater flexibility for participant elections that require a witness, such as 401(k) loan applications and spousal consent to changes in the distribution of survivor’s pension benefits. IRS Notice 2021-40, issued June 24, waives requirements for physical witnessing for another…
TOKYO—Mitsubishi Electric’s CEO said he will step down to take responsibility for “three decades of systematic deceit” during which the Japanese firm falsified inspection data for air conditioners and brake compressors used in trains. The admission by Mitsubishi, whose products range from air conditioners and vacuum cleaners to industrial printers and satellites, further dents Japan’s…
Predictions are in, and the 2021 hurricane season is looming large. Property owners must seek out an insurance partner that can help manage the storm, but also be there long after the winds die down. Hurricane risk continues to grow in both the number of named storms and in the volatility of an individual event….
Article by Euni Han With just seconds left until takeoff on Tuesday, SpaceX’s launch was halted after an aircraft flew into launch range, according to CNBC. Founder Elon Musk voiced his frustrations on Twitter about the rules around rocket launching. “An aircraft entered the ‘keep out zone’, which is unreasonably gigantic. There is simply no…
By Dominic Gates From The Seattle Times Boeing announced Wednesday the appointment of a new chief financial officer, Brian West, a former CFO at GE Aviation. And Stayce Harris, a retired U.S. Air Force Reserve lieutenant general and former 747 captain with United Airlines, will join Boeing’s board. Effective at the end of August, West…
By Dominic Gates From The Seattle Times The electric commuter plane startup Eviation said Thursday it has finalized the design for its Alice aircraft and is on track for its first flight this year. In a hangar in Arlington, Wash., where the company is based, technicians have assembled the fuselage and tail of the first…
Article By Entrepreneur Staff Recently, several media reported on the data breach of more than 700 million users of the professional social network, LinkedIn, which is equivalent to just over 90 percent of people who use the platform. However, the social network explained through a statement that it is not a data breach, at least not “private data.”…
