Zuckerberg earned over US$2b at Facebook in 2012
POSTED: 27 Apr 2013 10:16 AM
Facebook co-founder and chief Mark Zuckerberg earned more than US$2 billion worth of stock and US$503,000 in base pay last year.
SAN FRANCISCO: Facebook co-founder and chief Mark Zuckerberg earned more than US$2 billion worth of stock and US$503,000 in base pay last year for running the world's leading social network.
Zuckerberg was also given bonuses that added up to slightly more than US$266,000, according to a Facebook filing on Friday with the US Securities and Exchange Commission.
He received US$1.22 million in "other compensation," more than half of which was said in the filing to involve the use of chartered aircraft for travel by Zuckerberg and guests as part of a "comprehensive security program."
Facebook provided US regulators a breakdown of executive compensation and other matters that will be topics at an annual meeting of shareholders set to take place on June 11.
"In the first quarter of 2012, the compensation committee decided to increase the base salaries of our executive officers, other than our CEO," Facebook said in the document.
"Accordingly, our compensation committee increased the base salary of each executive officer, other than our CEO, by US$35,000 or US$40,000."
Zuckerberg has served as chairman of the board at Facebook since the beginning of last year.
His base pay will remain the same this year, while chief operations officer Sheryl Sandberg's was raised to US$340,000, according to the filing. Her bonus last year added up to US$276,730, the paperwork indicated.
Sandberg was paid US$321,000 last year, along with a bonus of US$276,730 and about US$25.6 million worth of stock awards, Facebook told the FTC.
Sandberg's bonus "reflected her leadership in growing our revenue year over year and her strategic guidance in various business matters," the filing said.
Zuckerberg exercised options to acquire 60 million shares of Facebook stock, which were valued at just shy of US$2.28 billion, according to the SEC filing.
He holds 607,599,549 shares of Class B stock in Facebook and another 1,939,987 in Class A shares, the company said in the paperwork.
The SEC in March endorsed a Nasdaq exchange plan to create a US$62 million pool of cash to cover trading losses due to computer glitches that disrupted the launch of Facebook shares onto the market.
The huge electronic market's foul-up marred the US$16 billion Facebook share issue in May, the most hotly awaited initial public offering on the US markets in years.
The stock hit a high of US$45 on the first day, but slid below US$18 in the following weeks. Facebook shares were trading at US$26.85 at the Nasdaq close on Friday.
- AFP/jc
-wong chee tat :)
Saturday, April 27, 2013
Chinatown Food Street closed from 1 May
Chinatown Food Street closed from 1 May
POSTED: 25 Apr 2013 4:06 PM
Chinatown Food Street will be closed from 1 May to make way for renovations.
SINGAPORE: Chinatown Food Street (CFS) located on Smith Street will be closed from 1 May to make way for renovations.
The revamped CFS will be ready in the last quarter of 2013.
As a result of the closure, shophouse units 9 to 29 and 37 to 41 will be closed during the renovation period.
All other units will remain operational.
- CNA/jc
- wong chee tat :)
POSTED: 25 Apr 2013 4:06 PM
Chinatown Food Street will be closed from 1 May to make way for renovations.
SINGAPORE: Chinatown Food Street (CFS) located on Smith Street will be closed from 1 May to make way for renovations.
The revamped CFS will be ready in the last quarter of 2013.
As a result of the closure, shophouse units 9 to 29 and 37 to 41 will be closed during the renovation period.
All other units will remain operational.
- CNA/jc
- wong chee tat :)
Majority of Pearls Centre owners, tenants accept government compensation
Majority of Pearls Centre owners, tenants accept government compensation
By Olivia Siong
POSTED: 25 Apr 2013 5:35 PM
UPDATED: 25 Apr 2013 11:30 PM
The majority of owners and tenants at Pearls Centre have accepted the government's compensation for the acquisition of the building. Authorities are taking possession of the centre to make way for the upcoming Thomson MRT line.
SINGAPORE: Nearly all owners and tenants at Pearls Centre have accepted the government's compensation for the acquisition of the building.
The deadlines for acceptance of the offers ended on Wednesday.
Authorities are taking possession of the centre to make way for the upcoming Thomson MRT line.
The government had earlier announced a S$450-million compensation package for the acquisition.
The Singapore Land Authority (SLA) said all but two of 243 owners have accepted the offers, which comprises statutory compensation and an ex-gratia payment.
The two owners will be given an extension.
Member of Parliament for Tanjor Pagar GRC Indranee Rajah said one of them will be given till April 30, as the owner was away when the offer was made.
This is to allow her the same period as other owners to accept the offer.
The second owner who has not accepted the offers will be allowed time to get the relevant legal documents.
This is for her to accept the offer on behalf of her husband, who has passed away and was the owner of the unit.
As for the tenants, only one out of 175 eligible tenants has yet to respond. SLA said it will be prepared to grant an extension if the tenant has a valid reason.
Ms Indranee said more assistance will be given if the need arises, to ensure a smooth transition.
Owners and eligible tenants had the legal right to file appeals with 14 days from the date of the Collector's Award on 27 March 2013, if they were dissatisfied with the statutory compensation offered.
SLA said two appeals were filed but were subsequently withdrawn on 24 April 2013.
The units at Pearls Centre will be handed over to the state in August 2014.
Ms Indranee said: “There will be other issues along the way, for example some may need to, or may want to stay at their premises after the handover date on August 2014, until their new residences or new shops are ready. For that, as SLA had indicated before, (there will be) a years’ free stay, after that there will be progressive charging of rental. Some may need it, some may not, but it is things like that where if one can assist, and make sure the transition is smooth, then those things will be done.
“Some have looked for premises on their own and in fact, one of them had already found one and moved out a few months back. Some have come to me for appeals for HDB commercial properties, some are still in the process of deciding where they want to go, but obviously if they need assistance, I would be happy to do so."
Lo Hock Ling, chairman of the Pearls Centre management committee, said: "I haven't come across anyone who said they're not satisfied, so in other words we can conclude, almost everyone feel that they're satisfied. We will continue to run the centre as usual, until we hand the property to the SLA. Maybe the SLA might continue to run it for a while, I think that is left to the SLA."
- CNA/xq
- wong chee tat :)
By Olivia Siong
POSTED: 25 Apr 2013 5:35 PM
UPDATED: 25 Apr 2013 11:30 PM
The majority of owners and tenants at Pearls Centre have accepted the government's compensation for the acquisition of the building. Authorities are taking possession of the centre to make way for the upcoming Thomson MRT line.
SINGAPORE: Nearly all owners and tenants at Pearls Centre have accepted the government's compensation for the acquisition of the building.
The deadlines for acceptance of the offers ended on Wednesday.
Authorities are taking possession of the centre to make way for the upcoming Thomson MRT line.
The government had earlier announced a S$450-million compensation package for the acquisition.
The Singapore Land Authority (SLA) said all but two of 243 owners have accepted the offers, which comprises statutory compensation and an ex-gratia payment.
The two owners will be given an extension.
Member of Parliament for Tanjor Pagar GRC Indranee Rajah said one of them will be given till April 30, as the owner was away when the offer was made.
This is to allow her the same period as other owners to accept the offer.
The second owner who has not accepted the offers will be allowed time to get the relevant legal documents.
This is for her to accept the offer on behalf of her husband, who has passed away and was the owner of the unit.
As for the tenants, only one out of 175 eligible tenants has yet to respond. SLA said it will be prepared to grant an extension if the tenant has a valid reason.
Ms Indranee said more assistance will be given if the need arises, to ensure a smooth transition.
Owners and eligible tenants had the legal right to file appeals with 14 days from the date of the Collector's Award on 27 March 2013, if they were dissatisfied with the statutory compensation offered.
SLA said two appeals were filed but were subsequently withdrawn on 24 April 2013.
The units at Pearls Centre will be handed over to the state in August 2014.
Ms Indranee said: “There will be other issues along the way, for example some may need to, or may want to stay at their premises after the handover date on August 2014, until their new residences or new shops are ready. For that, as SLA had indicated before, (there will be) a years’ free stay, after that there will be progressive charging of rental. Some may need it, some may not, but it is things like that where if one can assist, and make sure the transition is smooth, then those things will be done.
“Some have looked for premises on their own and in fact, one of them had already found one and moved out a few months back. Some have come to me for appeals for HDB commercial properties, some are still in the process of deciding where they want to go, but obviously if they need assistance, I would be happy to do so."
Lo Hock Ling, chairman of the Pearls Centre management committee, said: "I haven't come across anyone who said they're not satisfied, so in other words we can conclude, almost everyone feel that they're satisfied. We will continue to run the centre as usual, until we hand the property to the SLA. Maybe the SLA might continue to run it for a while, I think that is left to the SLA."
- CNA/xq
- wong chee tat :)
Callers to MediaCorp's news hotline recognised for tip-offs
Callers to MediaCorp's news hotline recognised for tip-offs
By Dylan Loh
POSTED: 25 Apr 2013 8:05 PM
Ten callers to the MediaCorp’s news hotline, Asia's leading media company, were recognised on Thursday for sniffing out the news before it became news.
SINGAPORE: They're the unsung heroes of journalism - people who tip the media off to what's happening on the ground.
Ten callers to the MediaCorp’s news hotline, Asia's leading media company, were recognised on Thursday for sniffing out the news before it became news.
And it's thanks to people like them that allow updates to be carried over MediaCorp's on-line, on-air and on-the-go platforms in a timely manner.
Ferlander Cheah was being sent by her husband to work on a Wednesday morning in July 2012.
Passing by Bugis Junction, the sharp-eyed citizen saw a commotion and knew something was amiss.
There were patrol cars and Singapore Civil Defence Force officers everywhere.
Cheah said: "I was wondering what happened; is it that they have found underground bombs or things like that? And a bit scary to me; so the first thing that occurred to me is I think I should inform MediaCorp, where they can do a fast news, so that everybody will know through the air - on the radio."
What she witnessed wasn't a bomb threat, but a tragic accident.
A scaffolding collapsed at the Bugis Downtown Line work site where two workers died.
Madam Cheah's call allowed MediaCorp's journalists to do live reports from the ground - giving timely updates to the public.
For her tip-off, she walked away with S$1,000 in cash.
People who witness incidents on the ground or have news to share, can call MediaCorp's news hotline at 68222268.
- CNA/ck
- wong chee tat :)
By Dylan Loh
POSTED: 25 Apr 2013 8:05 PM
Ten callers to the MediaCorp’s news hotline, Asia's leading media company, were recognised on Thursday for sniffing out the news before it became news.
SINGAPORE: They're the unsung heroes of journalism - people who tip the media off to what's happening on the ground.
Ten callers to the MediaCorp’s news hotline, Asia's leading media company, were recognised on Thursday for sniffing out the news before it became news.
And it's thanks to people like them that allow updates to be carried over MediaCorp's on-line, on-air and on-the-go platforms in a timely manner.
Ferlander Cheah was being sent by her husband to work on a Wednesday morning in July 2012.
Passing by Bugis Junction, the sharp-eyed citizen saw a commotion and knew something was amiss.
There were patrol cars and Singapore Civil Defence Force officers everywhere.
Cheah said: "I was wondering what happened; is it that they have found underground bombs or things like that? And a bit scary to me; so the first thing that occurred to me is I think I should inform MediaCorp, where they can do a fast news, so that everybody will know through the air - on the radio."
What she witnessed wasn't a bomb threat, but a tragic accident.
A scaffolding collapsed at the Bugis Downtown Line work site where two workers died.
Madam Cheah's call allowed MediaCorp's journalists to do live reports from the ground - giving timely updates to the public.
For her tip-off, she walked away with S$1,000 in cash.
People who witness incidents on the ground or have news to share, can call MediaCorp's news hotline at 68222268.
- CNA/ck
- wong chee tat :)
Chunk of 9/11 airplane found in New York
Chunk of 9/11 airplane found in New York
POSTED: 27 Apr 2013 8:50 AM
New York police said Friday that they have found a fragment of one of two airplanes that slammed into the World Trade Center on September 11, 2001.
Part of a landing gear, apparently from one of the commercial airliners destroyed on September 11, 2001, discovered wedged between two buildings in lower Manhattan. (AFP/HO/NYPD)
NEW YORK: New York police said Friday that they have found a fragment of one of two airplanes that slammed into the World Trade Center on September 11, 2001.
The huge chunk of aircraft was found wedged between two office buildings in lower Manhattan.
The buildings, at 51 Park Place and 50 Murray Street, are located just two blocks from the site of the attacks known as Ground Zero.
Only a very narrow space exists between the buildings, which could explain how the part eluded investigators for nearly 12 years.
Police said the plane fragment appeared to be "part of a landing gear, apparently from one of the commercial airliners destroyed on September 11, 2001."
And the part bears a "clearly visible" Boeing identification number, according to police spokesman Paul Browne. Although police would not confirm the size of the piece, NBC television reported it was about 1.5 metres long.
Authorities said it will not be removed until the area has been thoroughly examined, including for possible human remains.
"The NYPD is securing the location as it would a crime scene, documenting it photographically and restricting access until the Office of the Chief Medical Examiner completes its health and safety evaluation protocol, after which a decision will be made concerning sifting the soil for possible human remains," Browne said in a statement.
The aircraft was one of two hijacked 12 years ago by Al-Qaeda suicide attackers and flown into the Twin Towers, destroying two of the nation's most iconic buildings.
Authorities were alerted to the chunk of wreckage on Wednesday after surveyors found what they believed was damaged machinery at the rear of 51 Park Place.
The attacks killed 2,753 people at Ground Zero. In coordinated attacks, another plane smashed into the Pentagon while a fourth crashed in Pennsylvania.
No remains of 1,122 of the victims in New York have ever been found, according to the Office of the Chief Medical Examiner.
Since 2006, authorities have selected 6,134 bone fragments and 1,845 other remains for advanced DNA testing, which has led to the identification of 34 victims.
- AFP/jc
- wong chee tat :)
POSTED: 27 Apr 2013 8:50 AM
New York police said Friday that they have found a fragment of one of two airplanes that slammed into the World Trade Center on September 11, 2001.
Part of a landing gear, apparently from one of the commercial airliners destroyed on September 11, 2001, discovered wedged between two buildings in lower Manhattan. (AFP/HO/NYPD)
NEW YORK: New York police said Friday that they have found a fragment of one of two airplanes that slammed into the World Trade Center on September 11, 2001.
The huge chunk of aircraft was found wedged between two office buildings in lower Manhattan.
The buildings, at 51 Park Place and 50 Murray Street, are located just two blocks from the site of the attacks known as Ground Zero.
Only a very narrow space exists between the buildings, which could explain how the part eluded investigators for nearly 12 years.
Police said the plane fragment appeared to be "part of a landing gear, apparently from one of the commercial airliners destroyed on September 11, 2001."
And the part bears a "clearly visible" Boeing identification number, according to police spokesman Paul Browne. Although police would not confirm the size of the piece, NBC television reported it was about 1.5 metres long.
Authorities said it will not be removed until the area has been thoroughly examined, including for possible human remains.
"The NYPD is securing the location as it would a crime scene, documenting it photographically and restricting access until the Office of the Chief Medical Examiner completes its health and safety evaluation protocol, after which a decision will be made concerning sifting the soil for possible human remains," Browne said in a statement.
The aircraft was one of two hijacked 12 years ago by Al-Qaeda suicide attackers and flown into the Twin Towers, destroying two of the nation's most iconic buildings.
Authorities were alerted to the chunk of wreckage on Wednesday after surveyors found what they believed was damaged machinery at the rear of 51 Park Place.
The attacks killed 2,753 people at Ground Zero. In coordinated attacks, another plane smashed into the Pentagon while a fourth crashed in Pennsylvania.
No remains of 1,122 of the victims in New York have ever been found, according to the Office of the Chief Medical Examiner.
Since 2006, authorities have selected 6,134 bone fragments and 1,845 other remains for advanced DNA testing, which has led to the identification of 34 victims.
- AFP/jc
- wong chee tat :)
AGC aware of cartoonist's case, reiterates importance of racial, religious harmony
AGC aware of cartoonist's case, reiterates importance of racial, religious harmony
POSTED: 27 Apr 2013 1:30 PM
The Attorney-General's Chambers (AGC) says it is aware of the public's interest into cartoonist Leslie Chew’s case and reiterated that racial and religious harmony is vital to Singapore’s society.
SINGAPORE: The Attorney-General's Chambers (AGC) said Saturday it is aware of the public's interest into cartoonist Leslie Chew’s case and reiterated that racial and religious harmony is vital to Singapore’s society.
It added that it would not be appropriate to comment specifically on the matter as investigations are ongoing.
A spokesperson however said that any action taken will depend on what is uncovered by investigations; where the statements or actions are heinous, a firm line will be taken.
Where comments are made in the heat of the moment, or by relatively immature persons who did not know better, a more nuanced response may follow.
The 37-year-old cartoonist was arrested 19 April for alleged sedition.
Police said that a member of the public had lodged a report about a series of cartoons deemed racially insensitive.
The cartoons had been circulating online.
The statement from the AGC said a response will follow when statements are made or actions are taken which insult a particular religion or race or seek to cause hatred among races or religious groups, or which suggest that the government is using race or religion for its own purposes.
Similarly, the AGC said the rule of law is another fundamental tenet of Singapore society and action will be taken in respect of any statement or action that seeks to impugn or undermine the independence of the judiciary.
Unwarranted allegations of bias or partiality strike at the heart of the judicial process, threatening the very institution that protects the rights of all Singaporeans, it added, saying that unfounded statements cannot be left to stand unchallenged and unpunished.
- CNA/jc
- wong chee tat :)
POSTED: 27 Apr 2013 1:30 PM
The Attorney-General's Chambers (AGC) says it is aware of the public's interest into cartoonist Leslie Chew’s case and reiterated that racial and religious harmony is vital to Singapore’s society.
SINGAPORE: The Attorney-General's Chambers (AGC) said Saturday it is aware of the public's interest into cartoonist Leslie Chew’s case and reiterated that racial and religious harmony is vital to Singapore’s society.
It added that it would not be appropriate to comment specifically on the matter as investigations are ongoing.
A spokesperson however said that any action taken will depend on what is uncovered by investigations; where the statements or actions are heinous, a firm line will be taken.
Where comments are made in the heat of the moment, or by relatively immature persons who did not know better, a more nuanced response may follow.
The 37-year-old cartoonist was arrested 19 April for alleged sedition.
Police said that a member of the public had lodged a report about a series of cartoons deemed racially insensitive.
The cartoons had been circulating online.
The statement from the AGC said a response will follow when statements are made or actions are taken which insult a particular religion or race or seek to cause hatred among races or religious groups, or which suggest that the government is using race or religion for its own purposes.
Similarly, the AGC said the rule of law is another fundamental tenet of Singapore society and action will be taken in respect of any statement or action that seeks to impugn or undermine the independence of the judiciary.
Unwarranted allegations of bias or partiality strike at the heart of the judicial process, threatening the very institution that protects the rights of all Singaporeans, it added, saying that unfounded statements cannot be left to stand unchallenged and unpunished.
- CNA/jc
- wong chee tat :)
Dutchman arrested in Spain for "biggest ever" cyberattack
Dutchman arrested in Spain for "biggest ever" cyberattack
POSTED: 27 Apr 2013 6:48 PM
A Dutchman has been arrested in Spain in connection with last month's unprecedented cyber-attack that reportedly slowed down the Internet, the Dutch prosecution service said.
THE HAGUE: A Dutchman has been arrested in Spain in connection with last month's unprecedented cyber-attack that reportedly slowed down the Internet, the Dutch prosecution service said.
The 35-year-old, identified only as S K, was arrested in Barcelona and the house where he was staying searched by Spanish police, said a statement.
"He is suspected of involvement in the attack and so the prosecution service asked for his arrest," spokesman Wim de Bruin told AFP on Saturday.
Last month's attack targeted Spamhaus, a Geneva-based volunteer group that publishes spam blacklists used by networks to filter out unwanted email, and led to cyberspace congestion.
Spamhaus blamed the attack on Dutch web-hosting service Cyberbunker.
A source close to the investigation said that suspect S K was Sven Olaf Kamphuis, who acted as a spokesman for Cyberbunker at the time of the attack.
Kamphuis describes himself on his Facebook page as Minister of Telecommunications and Foreign Affairs for the Cyberbunker Republic.
De Bruin declined to speculate on whether further arrests would be made.
Computers, storage devices and mobile phones were seized during the Barcelona raid.
"S K is suspected of an unprecedented attack on non-profit organisation Spamhaus," the statement said.
"So-called DDoS attacks were last month also carried out on Spamhaus partners in the US, the Netherlands and the UK," it said.
Distributed denial of service attacks (DDoS) essentially bombard sites with traffic in order to disrupt.
Last month's attack was described as the most powerful ever seen and slowed web traffic.
S K is expected to be handed over to the Dutch authorities soon, the prosecution service said.
The attacks began, according to Spamhaus, after it placed Cyberbunker, a web hosting firm that "offers anonymous hosting of anything except child porn and anything related to terrorism", on its blacklist.
Cyberbunker said it had been unfairly labelled as a haven for cybercrime and spam.
Spamhaus, which also has offices in London, essentially patrols the Internet to root out spammers and provides updated lists of likely perpetrators to network operators around the world.
Experts said the attacks flooded Spamhaus servers with 300 billion bits per second (300 gigabytes) of data.
Prior DDoS attacks have been measured at 50 gigabytes per second.
Because of the way Internet traffic flows, these DDoS attacks created congestion and ripple effects around the web.
- AFP/xq
- wong chee tat :)
POSTED: 27 Apr 2013 6:48 PM
A Dutchman has been arrested in Spain in connection with last month's unprecedented cyber-attack that reportedly slowed down the Internet, the Dutch prosecution service said.
THE HAGUE: A Dutchman has been arrested in Spain in connection with last month's unprecedented cyber-attack that reportedly slowed down the Internet, the Dutch prosecution service said.
The 35-year-old, identified only as S K, was arrested in Barcelona and the house where he was staying searched by Spanish police, said a statement.
"He is suspected of involvement in the attack and so the prosecution service asked for his arrest," spokesman Wim de Bruin told AFP on Saturday.
Last month's attack targeted Spamhaus, a Geneva-based volunteer group that publishes spam blacklists used by networks to filter out unwanted email, and led to cyberspace congestion.
Spamhaus blamed the attack on Dutch web-hosting service Cyberbunker.
A source close to the investigation said that suspect S K was Sven Olaf Kamphuis, who acted as a spokesman for Cyberbunker at the time of the attack.
Kamphuis describes himself on his Facebook page as Minister of Telecommunications and Foreign Affairs for the Cyberbunker Republic.
De Bruin declined to speculate on whether further arrests would be made.
Computers, storage devices and mobile phones were seized during the Barcelona raid.
"S K is suspected of an unprecedented attack on non-profit organisation Spamhaus," the statement said.
"So-called DDoS attacks were last month also carried out on Spamhaus partners in the US, the Netherlands and the UK," it said.
Distributed denial of service attacks (DDoS) essentially bombard sites with traffic in order to disrupt.
Last month's attack was described as the most powerful ever seen and slowed web traffic.
S K is expected to be handed over to the Dutch authorities soon, the prosecution service said.
The attacks began, according to Spamhaus, after it placed Cyberbunker, a web hosting firm that "offers anonymous hosting of anything except child porn and anything related to terrorism", on its blacklist.
Cyberbunker said it had been unfairly labelled as a haven for cybercrime and spam.
Spamhaus, which also has offices in London, essentially patrols the Internet to root out spammers and provides updated lists of likely perpetrators to network operators around the world.
Experts said the attacks flooded Spamhaus servers with 300 billion bits per second (300 gigabytes) of data.
Prior DDoS attacks have been measured at 50 gigabytes per second.
Because of the way Internet traffic flows, these DDoS attacks created congestion and ripple effects around the web.
- AFP/xq
- wong chee tat :)
Subscribe to:
Posts (Atom)