Buffett’s Berkshire boosts CEO-designate Abel’s pay to $20 million

By Jonathan Stempel (Reuters) -Berkshire Hathaway said Warren Buffett raised the pay of his designated successor Greg Abel to $20 million last year, as the conglomerate posted a record operating profit. The company also urged the rejection of six shareholder proposals, including that Berkshire disclose more about its plans to reduce greenhouse gases and improve…

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Reddit receives FTC inquiry on AI-related deals ahead of IPO

(Reuters) -Reddit said on Friday the U.S. Federal Trade Commission is conducting an inquiry focused on the company’s sale, licensing and sharing of user-generated content with third parties to train artificial intelligence models. “Given the novel nature of these technologies and commercial arrangements, we are not surprised that the FTC has expressed interest in this…

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