Tumblr founder David Karp gets US$110 million to remain in the company for the next four years. On Thursday, a regulatory filing revealed a US$110 million retention payment of Yahoo to David Karp, Tumblr's founder.
People
Obama, tech officials met to deliberate about surveillance
According to the White House, US President Barack Obama met with tech executives along with transparency advocates to deliberate on the government's surveillance programs.
Kenyan government constructs new 2.5 million-capacity airport terminal
Kenyan President Uhuru Kenyatta revealed that his government will be constructing a temporary terminal that will hold 2.5 million passengers.
Reuters asks, "Does it matter who runs the Fed?"
Zachary Karabell asked if it really matters who the next chairman of the Federal Reserve will be. Zachary Karabell of Reuters posed the question, "Does it really matter who the next chair of the Federal Reserve is?" The query came as President Obama looks for Chairman Ben Bernanke's successor.
Billionire Elon Musk receives US$4.3 million of share options for his work on Model X
Billionaire Elon Musk would receive US$4.3 million in share-based pay for his recent work on Tesla's Model X sport-utility vehicle.
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Nuance Communications recorded its highest price since May after Carl Icahn reportedly increased his stake in the speech recognition software developer.
Serge Godin became a billionaire after the merger of CGI Group Inc and Logica Plc. Serge Godin, the founder of CGI Group Inc. , stated the "stars were aligned" when he took advantage of the strong Canadian dollar and falling European economy to purchase Logica Plc for US$2.
Riley Cooper, who was recently caught on video using a racial slur, has returned to team practices after going on a four day hiatus.
Tameka Foster, estranged wife of R&B star Usher sought for sole custody of Usher Raymond V after a drowning incident in the music star's home in Atlanta.
Biennale of Sydney revealed that they had Julian Knights join them as a member of its board of directors.
White & Case stated it had hired Ross Allardice from its rival Kirkland & Ellis. White & Case announced that it hired its newest partner off US rival Kirkland & Ellis.
Allegis Capital stated that it has appointed Nawaf Bitar, Dr. Hossein Eslambolchi, Tom Gillis, and Jeffrey Williams as its new venture partners.
The Washington Post announced that Jeff Bezos had acquired the newspaper for US$250 million in cash.
Pennon Group announced that they had hired Ian McAulay as chief executive officer of Viridor Limited and executive director with the Pennon Group Board.
