This is the real question. I wish we could have a transcript of the discussion between treasury staff and the board on why it was a good idea to tie up cash in this way.
880 karma · joined March 13, 2018
This is the real question. I wish we could have a transcript of the discussion between treasury staff and the board on why it was a good idea to tie up cash in this way.
Highly recommend it for anyone doing scientific computing
It meets all of OP’s requirements as far as I can tell. My favorite feature is that it has USB ports in the back where you can attach discs/printers and share them on the network easily.
I wish you best of lucking in whatever your next step might be.
Experts historically tended to write prolifically. They’re known as experts because others are familiar with their work. The modern equivalent of writing is more broad but the part about communication of ideas broadly still applies.
* Will we see employees (drivers) get a say in their shifts? An employee can be asked to work a 3AM - 9AM shift for example.
* Can not arriving to shifts on time be grounds for dismissal?
* Can refusing a shift be grounds for dismissal?
* Can incurring unapproved overtime be grounds for dismissal?
* If a driver is incurring overtime, is that reflected in the pricing that consumers pay?
* Can Uber/Lyft systemically set employee hours to like 29 per week to avoid FTE status?
* Will multihoming (ie working for multiple "gig" apps) be grounds for dismissal as a conflict of interest?
I see a lot of ways Uber/Lyft could retain significant power over drivers.
You've coined a term. I love it.
I feel like that quote is more relevant today than ever.
The first like 15 minutes have no dialog. The rest of the movie is a profound commentary on modern life told as a children’s story
Also googles keyboard swipe is WAY better than the iOS implementation
That said, the only riskless options/futures trade is called a “cash and carry” which essentially earns you the risk-free rate and isn’t much better than buying a treasury note. Also with interest rates so low, you’re more likely to get like 0.5% per year rather than per month
Also, turbo boost switcher has dramatically improved thermals. Turning off turbo shaves like 10C off low usage temp without much of an impact on usability.
The thing you should spend some time doing is deciding what your risk tolerance is and how much variance in your portfolio you can stomach. Then you can start talking investment strategies.
There are huge swaths of the world where this isn't true. Short of making computing devices and internet connectivity human rights, these assumptions compound existing inequalities.
If your company is publicly traded, learn about the variety of SEC filings that most C-level executives are responsible for. In particular, learn how to parse the footnotes of 10K/S1 filings — an income statement might be 1-2 pages but the footnotes are often 30+ pages. The interesting choices a company makes are often in the footnotes. For example, the related party transaction for WeWork’s “We” trademark that everyone was up in arms about appears on page 199 of the filing.
Finance is about cashflows. GAAP accounting is about subjectively spreading costs across periods. The two are often at odds. Learning to navigate both and knowing which your audience cares about is critical. You often need years of context about a business to be able to make contributions on this front.
The people you see getting insanely rich often have decades of context (and a lot of luck) behind whatever made them insanely rich. I encourage you to not look at just the event that makes someone wealthy but look at the story that got them to that event. The acquired podcast does a great job of this when they cover company and founder history.
Nobody gets insanely wealthy selling their labor. Equity is what creates the massive payoffs.
Are there things you can do where you could own 100% equity? For example, are you an expert in systems administration? Can you write a book or Udemy course on it? Maybe it only makes you 1 grand in revenue but you may learn a lot about sales and marketing and promotion and other important business skills in the process. Those softer skills are just as important as engineering ability and there’s no better way to learn them than jumping into the deep end
Some interesting snippets:
“one participant in the 25-μg group was withdrawn because of an unsolicited adverse event, transient urticaria, judged to be related to the first vaccination.”
Also probably more important than antibodies: “The 25-μg and 100-μg doses elicited CD4 T-cell responses (Figs. S9 and S10) that on stimulation by S-specific peptide pools were strongly biased toward expression of Th1 cytokines (tumor necrosis factor α > interleukin 2 > interferon γ), with minimal type 2 helper T-cell (Th2) cytokine expression (interleukin 4 and interleukin 13). CD8 T-cell responses to S-2P were detected at low levels after the second vaccination in the 100-μg dose group (Fig. S11).”
https://www.stlouisfed.org/publications/regional-economist/j...
Specifically: AEM, AAM, Omniture, among others. My favorite is AAM’s “only Adobe could come up with such a stupid data integration” file format: https://docs.adobe.com/content/help/en/audience-manager/user...
The omniture S3 feed comes as a 1004 column TSV. And for fields that capture user inputs, they don’t escape backslashes. But the escape backslashes everywhere else. I filed a ticket on this over a year ago but still no fix.
To me, this is the most interesting development. It'll be interesting to see where the line gets drawn in practice on what constitutes voter suppression and/or speech that could lead to violence. The bigger question is whether we should be entrusting Facebook to draw that line in the first place.
There are several SEC filings around the departure of the CEO in Sept 2019[1][2] that line up with with the timeline mentioned in this article. Here's the relevant snippet from the 8-K: "On September 24, 2019, the Company and Mr. Wenig entered into a letter agreement regarding his departure (the “Wenig Letter”). Pursuant to the terms of the Wenig Letter, in exchange for his execution and non-revocation of a release of claims against the Company, the Company agreed to provide Mr. Wenig with (1) the payments required to be made to him under his letter agreement with the Company dated September 29, 2014 upon a termination without cause, which letter agreement was originally filed with..."
The key bit is that the CEO stepping down triggered a severance agreement for termination without cause. This lines up with the reporting that he engaged in unethical behavior and had to be forced out.
Here's the cash portion of his severance (there's a stock portion too):
"Non-Equity Related Payments. The Company will make the following payments to you in accordance with the terms of the Letter Agreement in the form of a lump sum payment within 30 days after the Effective Date (as such term is defined in section 17 of this Agreement):
(i) Two times your Annual Base Salary (as such term is defined in the Letter Agreement), which equals $2,000,000; and (ii) Two times your Bonus Amount (as such term is defined in the Letter Agreement), which equals S4,000,000."
[1] https://www.sec.gov/ix?doc=/Archives/edgar/data/1065088/0001...
[2] https://www.sec.gov/Archives/edgar/data/1065088/000119312519...
It’s less risky for the company to do it this way.
"On September 24, 2019, the Company and Mr. Wenig entered into a letter agreement regarding his departure (the “Wenig Letter”). Pursuant to the terms of the Wenig Letter, in exchange for his execution and non-revocation of a release of claims against the Company, the Company agreed to provide Mr. Wenig with (1) the payments required to be made to him under his letter agreement with the Company dated September 29, 2014 upon a termination without cause, which letter agreement was originally filed with..."
The key bit is that the CEO stepping down triggered a severance agreement for termination without cause. This lines up with the reporting that he engaged in unethical behavior and had to be forced out.
[1] https://www.sec.gov/ix?doc=/Archives/edgar/data/1065088/0001...
[2] https://www.sec.gov/Archives/edgar/data/1065088/000119312519...