Podknife - Musk’s Pay Package Shock, AI Job Jitters, & Starbucks Cold Drinks, Heating Up 01/31/24 by Squawk Pod

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Musk’s Pay Package Shock, AI Job Jitters, & Starbucks Cold Drinks, Heating Up 01/31/24

Podcast |: Squawk Pod
Publisher |: CNBC
Media Type |: audio
Podknife tags |: Business,; Business News,; Interview,; News & Politics
Categories Via RSS |: Business,; Business News,; Investing,; News
Publication Date |: Jan 31, 2024
Episode Duration |: 00:27:35

Description
iTunes Summary

A Delaware judge has shares-slide-after-judge-voids-elon-musks-56-billion-compensation.html">invalidated Tesla CEO Elon Musk's $56 billion pay package, citing the board's failure to prove its fairness and lack of evidence regarding negotiations. Thousands have been layoffs-jump-in-january-as-alphabet-meta-microsoft-reach-high.html">laid off across the tech industry, including at Microsoft, Alphabet, eBay, and PayPal. Alex Kantrowitz, founder of Big Technology, considers hiring-frenzy-to-fuel-layoffs-in-other-tech-segments-this-year.html">AI’s impact on the workforce. Starbucks lowered its same store sales forecasts and reported a growth in iced drinks, in its latest quarter. CFO Rachel Ruggeri outlines the weak-earnings-report-wall-street-expected-worse.html">company's first quarter, its 2024 outlook, and consumer appetite, abroad and at home. Plus, Nikki Haley is still fundraising from billionaires, and Universal Music Group will pull its music–like that of music-group-taylor-swifts-label-to-pull-music-from-tiktok.html-music-group-remove-songs-tiktok-rcna136506">Taylor Swift and Olivia Rodrigo–off of TikTok.

Alex Kantrowitz - 15:10

Rachel Ruggeri - 21:45

In this episode:

Alex Kantrowitz, @Kantrowitz

Contessa Brewer, @contessabrewer

Robert Frank, @robtfrank

Michael Santoli, @michaelsantoli

Cameron Costa, @CameronCostaNY

A Delaware judge has invalidated Tesla CEO Elon Musk's $56 billion pay package, citing the board's failure to prove its fairness and lack of evidence regarding negotiations. Thousands have been laid off across the tech industry, including at Microsoft, Alphabet, eBay, and PayPal. Alex Kantrowitz, founder of Big Technology, considers AI’s impact on the workforce. Starbucks lowered its same store sales forecasts and reported a growth in iced drinks, in its latest quarter. CFO Rachel Ruggeri outlines the company's first quarter, its 2024 outlook, and consumer appetite, abroad and at home. Plus, Nikki Haley is still fundraising from billionaires, and Universal Music Group will pull its music–like that of Taylor Swift and Olivia Rodrigo–off of TikTok. Alex Kantrowitz - 15:10 Rachel Ruggeri - 21:45 In this episode: Alex Kantrowitz, @Kantrowitz Contessa Brewer, @contessabrewer Robert Frank, @robtfrank Michael Santoli, @michaelsantoli Cameron Costa, @CameronCostaNY