In a unanimous vote on Tuesday, the Seattle city council once again dinged the bottom lines of Uber and Lyft, adopting a regulation requiring the companies to pay a minimum per-minute and per-mile rate to drivers (who are contractors) in order to meet the city’s minimum wage of $16.39. The ride hailing companies lost earlier battles in Seattle over special ride-hailing taxes they now have to...
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Linda Yaccarino May Have the Toughest CEO Job
Here’s a question: How long can someone stay as CEO of a company when the owner of that company is publicly repudiating what they’re saying? Take Linda Yaccarino, CEO of X, previously known as Twitter. On Wednesday, Elon Musk confirmed a report in The Information about layoffs at X’s election integrity team—Musk even went further than what we reported, saying the team was “gone.” Yet in an...
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