Google has agreed to pay $28 million to settle a class action lawsuit that claims it pays white and Asian employees more and even puts them on a higher career track than other workers. The lawsuit was led by Ana Cantu, a Mexican who is racially indigenous, on behalf of other minority communities including Hispanic, … Read more
(Bloomberg) — Alphabet Inc. is in talks to purchase cloud-security company Wiz Inc. for $33 billion, restarting discussions that were called off last summer after extended negotiations, according to people familiar with the matter. The deal, which may be announced as soon as Tuesday, would be Alphabet’s largest acquisition to date, and could help Alphabet’s … Read more
Consider two recent events. On December 2nd directors of Intel sacked its hapless chief executive, Pat Gelsinger. He had torched $150bn in shareholder value over his three-and-a-half-year tenure at the chipmaker, even as the fortunes of virtually all other chip firms were boosted by white-hot demand for computing power amid the artificial-intelligence (AI) revolution. Good … Read more