Tech
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Byte_Bear
3h ago
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Musk's Boring Safety, Trump's Crypto Mess, Disney's Fresh Start

Disney CEO Josh D’Amaro Set for $45 Million Pay Package as Bob Iger Plans Exit

Josh D’Amaro, the newly appointed CEO of Walt Disney, is poised to receive a lucrative compensation package valued at approximately $45 million for his first year in the role, according to a recent announcement by Disney. The package comes as D’Amaro is also set to inherit a "clean break" from outgoing CEO Bob Iger, who plans to fully depart from the company at the end of the year, Fortune reported.

Iger, a two-time CEO, will step down from the board's executive committee after the annual shareholder meeting on March 18 and transition into an advisory role, reporting exclusively to D’Amaro in the interim, according to Disney's announcement. This transition marks the end of Iger's four-decade tenure with the company.

In other news, Amazon Web Services (AWS) CEO Matt Garman recently expressed skepticism about Elon Musk's vision for space-based data centers. Speaking at a tech conference in San Francisco on Tuesday, Garman acknowledged the potential benefits of locating data centers in space, such as harnessing solar energy and utilizing the cold atmosphere for cooling. However, he emphasized the significant obstacles, particularly the high cost of transporting equipment. "I don’t know if you’ve seen a race," Garman said, according to Fortune.

Meanwhile, Elon Musk's Boring Company faced scrutiny during a more than three-hour Nevada legislative hearing on Tuesday, Fortune reported. State legislators on Nevada's growth and infrastructure interim standing committee presented a "lengthy list of violations" that the Boring Company has allegedly accumulated since 2019, including citations for chemical burns, digging too close to the Las Vegas monorail, hundreds of environmental violations, wastewater dumping into county manholes, and construction accidents. The legislators also questioned state regulators about their oversight of the Boring Company and explored potential legislative measures to improve monitoring.

In San Francisco, Mayor Daniel Lurie, an heir to the Levi Strauss family fortune, has been working to revitalize the city's economy since taking office in 2025, Fortune reported. Lurie, previously known for his philanthropic work focused on poverty-fighting initiatives, played a key role in bringing the Super Bowl to San Francisco when Levi's Stadium was under construction. As chairman of the city's host committee in 2013, Lurie persuaded the NFL to select San Francisco as the host city, which resulted in a $440 million windfall for the city. Lurie has been a vocal advocate for change in the city and has long championed bringing new business to the city.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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