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CEO Satya Nadella steps in as Microsoft Chairman too

San Francisco: Microsoft board has elected CEO Satya Nadella as Chairman of the tech giant, a first in two decades when Microsoft’s chairman will also be its CEO.

Bill Gates was the only other Chairman and CEO of Microsoft who stepped down as CEO in 2000. He stepped down as chairman in 2014 and the board then elected John Thompson as independent chairman. Thomson now takes over as lead independent director,

In his role as Chairman, Nadella will lead the work to set the agenda for the board, leveraging his deep understanding of the business to elevate the right strategic opportunities and identify key risks and mitigation approaches for the board’s review, the company said in a statement Wednesday.

In addition to these role changes, the board declared a quarterly dividend of $0.56 per share.

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Latest News USA

Sewa International sends 400 oxygen concentrators, seeks to raise $10 M for India

Houston: Sewa International, the Houston-based nonprofit organization that specializes in disaster recovery, education, and development, has ramped up their fundraising goal to $10 million to fight the COVID surge in India. It has volunteers working both in the US and in India, round the clock, coordinating the work of both raising funds and procuring medical equipment supplies, as well as getting the equipment and essential supplies to hospitals, institutions, and individuals in India. Sewa International is seeking the advice of a team of doctors in the US on procuring the appropriate medical equipment and supplies to be shipped to India.

Gitesh Desai, President, Houston Chapter of Sewa International, appeared on ABC 13 News-Houston, and spoke with reporter Shern-Min Chow about the 400 oxygen-concentrators already shipped to India, and 2,184 more concentrators which are to be shipped shortly to India.

Sandeep Khadkekar, Sewa’s Vice President for Marketing and Fund Development, responding to the overwhelming support for their Facebook fundraising campaign said, “We are deeply moved by the response we have received from all of you for our fundraiser. Sewa appreciates your willingness to donate for a cause that would save many lives in India. Our top priority is to procure and ship oxygen concentrators to India as soon as possible.”

“Sewa International has had a tremendous outpouring of support from individuals and organizations across the country, and the Facebook fundraising campaign has had such traction that Facebook is working with us to boost this campaign to ensure that Sewa International leverages the trust people have in us,” said Viswanath Koppaka, Director of Marketing, Sewa International. “We have about 60,000 donors who have supported our Facebook campaign, and it has been a challenge to keep them in the loop of all the work going on behind the scenes. But we also have energetic volunteers pitching in, working late into the night, to do all that needs to be done keeping people informed,” he said.

 

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Latest News USA

Apple, Google, Microsoft CEOs announce aid for India

Cupertino: Apple CEO Tim Cook on Tuesday announced that the tech giant will be donating to support and relief efforts on the ground in India amid a worsening Covid-19 situation there.

“Amid a devastating rise of Covid cases in India, our thoughts are with the medical workers, our Apple family and everyone there who is fighting through this awful stage of the pandemic. Apple will be donating to support and relief efforts on the ground,” tweeted Cook.

Earlier, Indian-American CEO of Microsoft Satya Nadella and his Google counterpart Sundar Pichai on Monday extended their support to India amid a record surge in coronavirus cases.

Taking to Twitter, Nadella said, “I am heartbroken by the current situation in India. I’m grateful the US government is mobilizing to help. Microsoft will continue to use its voice, resources, and technology to aid relief efforts, and support the purchase of critical oxygen concentration devices.”

Meanwhile, keeping the current situation in mind, Pichai tweeted, “Devastated to see the worsening Covid crisis in India. Google & Googlers are providing ₹135 crore in funding to @GiveIndia, @UNICEF for medical supplies, orgs supporting high-risk communities, and grants to help spread critical information.”

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Latest News USA

Microsoft CEO Satya Nadella, US lawmakers condemn acts of hate against Asian Americans

Washington, DC: Microsoft CEO Satya Nadella and several US lawmakers have said that they are appalled by the ongoing acts of hate against Asian Americans and condemned hate, racial discrimination and violence in all forms.

More than 3,000 incidents of abuse against Asian Americans were reported between March and December 2020, according to Asian American advocacy groups. There were only 216 reported cases in 2019, according to FBI statistics.

“I am appalled by the ongoing acts of hate against Asian Americans and the Asian community globally. Racism, hate and violence have no place in our society. I am united with the Asian and Asian American community in standing against this injustice,” Nadella said in a tweet, a day after US President Joe Biden said that the ”vicious” hate crimes against Asian Americans in the country amidst the pandemic was ”un-American” and it must stop.

Denouncing “violent” attacks on the Asian Americans, Biden in his first prime-time address to the nation since assuming office in January, said that members of the community were harassed, blamed and scapegoated.

In a statement, Microsoft said that it condemns hate, racial discrimination, and violence in all forms.

Meanwhile, prominent lawmakers have joined hands to introduce a legislation to address the rise of hate crimes and violence against Asian American and Pacific Islander (AAPI) communities during the COVID-19 pandemic.

Congressman Donald M. Payne, expressed concern over an increase in racist attacks against Asian Americans during the COVID-19 global pandemic.

“I want to condemn the abuse and assault that has happened to Asian Americans during his pandemic in the strongest words possible,” Payne said.

“Hate and violence have no place in America at all. These attacks must stop because they are cowardly attempts to scapegoat and blame Americans for a pandemic that started thousands of miles away. Thankfully, we have a president who supports diversity and will protect all Americans in his language and his actions. It is time for us to come together as a country and that includes all Americans,” he said.

Senator Dianne Feinstein said that over the past few weeks, nominees for the top three leadership positions at the Justice Department have appeared before the Senate Judiciary Committee, as has the director of the FBI.

“At each hearing the topic of hate crimes came up, in large part due to steep increases in attacks against Asian Americans,” she said.

“The increase appears to be based on a fabricated connection between the Asian-American community and the COVID pandemic, a conspiracy theory with no basis in fact that is pure racism. We must rebut the conspiracy theory itself and also directly confront the rise in hate crimes,” Feinstein said.

Senator Alex Padilla, a member of the Senate Judiciary Committee, joined Senator Mazie Hirono and Congressmen Grace Meng in introducing legislation to address the rise of hate crimes and violence against AAPI communities during the COVID-19 pandemic.

“I am disturbed by the recent increase in hate crimes and violence against Asian Americans and Pacific Islanders in California and across the country,” Padilla said.

“It is clear that this uptick in violence against Asian Americans is the direct result of the racist rhetoric used by political leaders with regard to the pandemic and we must take action to address it. The COVID-19 Hate Crimes Act will direct law enforcement to better collaborate across jurisdictions and expedite the response to COVID-19 related hate crimes, and will work to mitigate racially discriminatory language used to describe the pandemic,” he said.

The COVID-19 Hate Crimes Act would direct the US Attorney General to designate an official whose sole responsibility will be to expedite review of COVID-19 hate crimes from federal, state, and local law enforcement agencies. The legislation also directs the Attorney General to issue guidance to state and local law enforcement agencies on appropriate public education campaigns and the collection of data on COVID-19 hate crimes.

The ongoing anti-Asian hate crimes and incidents, especially against our elderly Asian Americans, is absolutely horrific, said Congresswoman Meng. “Since the beginning of the pandemic there have been nearly 3,000 reported incidents of physical, verbal, and online attacks against Asian Americans,” she said. (PTI)

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Microsoft, Adobe CEOs likely to join US cricket league

Mumbai: Less than a week after American Cricket Enterprises (ACE) and Shah Rukh Khan-led Kolkata Knight Riders announced a significant long-term partnership to develop and launch Major League Cricket (MLC) in the United States, more details of high-profile investors are pouring in.

According to a Times of India report, Satya Nadella, the Indian-American business executive and the CEO at Microsoft, along with Shantanu Narayen, another Indian-American CEO at Adobe Inc are coming on board too.

While Khan’s Knight Riders franchise will be based out of Los Angeles, Nadella is about to sign on the dotted line to settle for Seattle, home to America’s tech industry, where Microsoft operates from.

The 50-year-old Nadella, a self-confessed fan of ML Jaisimha, and a cricketer himself when he studied at the Hyderabad Public School, is busy working on a state-of-the-art cricket oval at Redmond, Washington.

Narayen, another Hyderabad-based tech executive like Nadella and seven years his elder, is based out of Palo Alto, California, in the Bay Area where ACE is headquartered.

USA Cricket is in the process of co-bidding for a major global ICC event in the 2023-2031 cycle with Cricket West Indies.

The new league is operated by ACE, founded by Vineet Jain and Satyan Gajwani of the Times Group and Vijay Srinivasan and Sameer Mehta of Willow TV.

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Latest News USA

Microsoft’s Satya Nadella, Adobe’s Shantanu Narayan likely to join US cricket league

Close on the heels of American Cricket Enterprises (ACE) and Shah Rukh Khan-led Kolkata Knight Riders forging a significant long-term partnership to develop and launch Major League Cricket (MLC) in the United States, news is in that Satya Nadella, the Indian-American business executive and the CEO at Microsoft, along with Shantanu Narayen, another Indian-American CEO at Adobe Inc are coming on board too.

While Khan’s Knight Riders franchise will be based out of Los Angeles, Nadella is about to sign on the dotted line to settle for Seattle, home to America’s tech industry, where Microsoft operates from.
The 50-year-old Nadella, a self-confessed fan of ML Jaisimha, and a cricketer himself when he studied at the Hyderabad Public School, is busy working on a state-of-the-art cricket oval at Redmond, Washington.
Narayen, another Hyderabad-based tech executive like Nadella and seven years his elder, is based out of Palo Alto, California, in the Bay Area where ACE is headquartered.
In November, ACE signed a 15-year lease to acquire AirHogs Stadium, earlier a 6000-seat capacity minor-league baseball facility in the city suburb to develop it into a cricketing infrastructure and sources say the ACE expects the venue to host the opening season of the MLC in 2022.
According to a report in The Times of India Paytm founder Vijay Shekhar Sharma is also in talks to come aboard the new T20 league. The 42-year-old CEO of the fin-tech company recently collaborated with the BCCI when Paytm extended its contract with the cricket board to remain the title sponsor for all domestic and international cricket in India until 2023.
USA Cricket is in the process of co-bidding for a major global ICC event in the 2023-2031 cycle with Cricket West Indies.

The new league is operated by ACE, founded by Vineet Jain and Satyan Gajwani of the Times Group and Vijay Srinivasan and Sameer Mehta of Willow TV.

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Latest News USA

Two Indian American CEOs invited by Biden to meet on economy

Washington, DC: Two Indian-American CEOs, Satya Nadella from Microsoft and Sonia Syngal from GAP, are among a select group of nine business and labor leaders invited by President-elect Joe Biden on Monday to discuss issues related to the country’s economy.

Vice President-elect Kamala Harris would join Biden in the virtual meeting with the top American CEOs.

The president-elect and vice president-elect will meet with business and labor leaders to discuss the economic recovery and building back better in the long term, the transition said.

“He’ll bring together leaders from business and labor to discuss how – despite our different perspectives – we can work together to reach our common goals,” it said ahead of the meeting.

Prominent among the attendees include Richard Trumka, President of AFL-CIO, Mary Barra, CEO of General Motors, Mary Kay Henry, President of SEIU, Rory Gamble, President of UAW, Brian Cornell, CEO and Chairman of the Board at Targe, Marc Perrone, President of UFCW, and Lee Saunders, President of AFSCME.

Later in the day, Biden will deliver remarks on ensuring that workers and businesses can operate safely and rebuilding the economy to be more resilient and inclusive, the transition said.

“He will discuss how our economy and the virus are intertwined, and say that we must contain the virus in order to get our economy back on track,” said the transition. (PTI)

Microsoft CEO Satya Nadella (Image source: geekwire.com)
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Latest News Lifestyle

Microsoft CEO Satya Nadella’s 3 tips to make your WFH easier

Microsoft CEO Satya Nadella at the recent WSJ CEO Council hosted online shared a lot about how he sees virtual meetings making processes more efficient and effective, why social connection is important and planning your day is all the more important. Nadella feels that video conferencing will be a crucial part of daily routines but that doesn’t mean people would stop going to offices completely.
One of the most important things that Nadella shared is that work from home requires more discipline and time management. If you just wake up, start working and continue attending back-to-back meetings then you are going to face a burn out very soon. “You need to plan more and better if you are working from home,” said Nadella. Here are three effective tips from Nadella to make your work from home life easier…
Plan your day, include breaks and have strict time limits
You got to first decide your work timings and stick to it. And to help you stick to the schedule, you need to plan minute details. You need to be aware that you are not scheduling a meeting when it is time to have dinner. Enforcing strict time limits for each meeting is another crucial aspect to avoid a burn out.
Do short video meetings and allow yourself the transition time from one meeting to another
Video meetings are important to establish a social connection and as per Nadella, it is good to host short meetings just to catch up with every team member. At the same time, video meetings should be focused and planned better. Having a meeting first to decide what the meeting would be about is not a good idea.Have an agenda and stick to time within the time limits and follow up over email or another video meeting at some other time. Timing is important because if someone has to attend multiple meetings and if even one of them gets extended for not so important reasons then his/her entire schedule gets extended.

Remember the time at office, when you had to walk from one meeting room to another and you used this time to grab a quick coffee just to prepare your mind for the next meeting. Nadella explains that you should allow yourself this transition time from one meeting to another. Doing back-to-back meetings may not be productive in the long run.

Spend less time on your mobile and switch off notifications
Nadella says that it is important to stay away from distractions caused by notifications on smartphones. You need to stay away from the mobile phone screen to avoid fatigue. Nadella usually silences notifications and opts for deep reading sessions. “You need to allocate your attention better,” he said. (Source: timesofindia.com)

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Business Latest News

US should get large share of TikTok sale proceeds: Trump

New York: US President Donald Trump has said that the country should get a large percentage of the proceeds if part of the short video-sharing platform TikTok’s business is bought by an American firm.

Trump said that he made the demand that a “substantial portion” of that price should come into the US Treasury during a conversation with Microsoft CEO Satya Nadella over the weekend.

Microsoft has confirmed that it wanted to proceed with talks to purchase the US business of TikTok.

The discussion between the Microsoft CEO and the US President led to setting a date for closure of the deal around September 15.

If such a deal does not materialize, TikTok will be out of business in the US by that time, Trump said.

“I said a very substantial portion of that price is going to have to come into the Treasury of the United States because we’re making it possible for this deal to happen,” Trump said in a meeting with US tech workers.

He even explained the rationale behind his demand.

“It’s a little bit like the landlord/tenant: Without a lease, the tenant has nothing. So they pay what’s called ‘key money,’ or they pay something,” Trump said.

“But the United States should be reimbursed or should be paid a substantial amount of money, because without the United States, they don’t have anything — at least having to do with the 30 per cent,” he said.

Trump said he does not mind if Microsoft, or any other “secure” American company, buys TikTok’s business in the US and he also shared the observation with the Microsoft CEO that that it is “probably easier to buy the whole thing than to buy 30 per cent of it.”

TikTok, owned by Chinese unicorn ByteDance, is facing scrutiny over its data sharing practices.

The Trump administration has raised allegations that TikTok provided users data to Chinese government.

Both Beijing and TikTok have denied the allegations.

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