Rovio proposes pay cuts for chairman and owner amid financial worries

first_imgRovio proposes pay cuts for chairman and owner amid financial worriesInvestor disappointing and sub-par game performances spell salary shake-up at Angry Birds firmJames BatchelorEditor-in-ChiefTuesday 27th March 2018Share this article Recommend Tweet ShareCompanies in this articleRovio EntertainmentFinnish games firm Rovio is planning to slice the earnings of two senior board members in the midst of its latest financial turmoil.Reuters reports that the developer, best known for its Angry Birds frachise, proposes to cut the pay for both Kaj Hed, the company’s owner and vice chairman, and Mika Ihamuotila, chairman.Hed will see his monthly earnings drop from €10,000 ($12,420) to €7,500 ($9,315). Meanwhile, Ihamuotila’s pay will drop to €9,500 ($11,800) from €12,000 ($14,905). Other board members will retain their pay of €5,000 per month. The news follows Rovio’s latest financial results which, despite setting new company records for the second year in a row, fell below shareholder and investor expectations.Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games Rovio’s revenues rose to €297.2 million, with games accounting for €248 million, and its 2018 revenues are expected to rise to anywhere between €260 million and €300 million. However, this was not shareholders has hoped for, who were especially disheartened by the firm’s three most recent releases. Angry Birds Match, Angry Birds Evolution and Battle Bay all fell short of expectations.The Finnish studio’s share price plummeted in the wake of its results, and the company was forced to close its London studio after just a year of operations. Exacerbating matters was the departure of games boss Wilhelm Taht, who left for personal reasons.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Mobile newsletter and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore storiesRovio shuts down HatchUpdate: Rovio clarified that the family-focused branch of the service, Hatch Kids, is still openBy Marie Dealessandri 3 months agoRovio names Alexandre Pelletier-Normand as new CEOFormer EVP of games will take over from Kati Levoranta on January 1By James Batchelor 4 months agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more

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Coal-fired power plant to be upgraded by Shaw

first_img Twitter No posts to display Linkedin Read more remediation news Coal-fired power plant to be upgraded by Shaw 6.18.2012 The Shaw Group Inc. (NYSE: SHAW) said it has been awarded a contract by Portland General Electric to install emissions reduction equipment at the 585 MW, coal-fired Boardman Station in northeastern Oregon. Facebook Shaw will engineer, procure and construct a dry sorbent injection system and balance of plant equipment to reduce sulfur dioxide emissions from the plant. The undisclosed value of the contract will be included in Shaw’s Power segment’s backlog of unfilled orders in the third quarter of fiscal year 2012. Twitter Mississippi Power cutting stakes in coal-fired, gas-fired stations to reduce excess MW, emissions TAGSPGE Vietnam: scaling back coal-fired plans toward gas, renewables Linkedin EmissionsAir Pollution Control Equipment ServicesCoal Facebook RELATED ARTICLESMORE FROM AUTHOR New Jersey utility regulators extend zero-carbon breaks for PSEG nuclear power plants By chloecox – Previous articlePE Volume 116 Issue 6Next articleWestinghouse Solar, CBD Energy partner on solar project in Australia chloecox last_img read more

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Jung Wins Second Consecutive Rolex Title

first_img Email* More from Horse Sport:Christilot Boylen Retires From Team SportAfter an exemplary career as one of Canada’s top Dressage riders, seven-time Olympian Christilot Boylen has announced her retirement from team competition.2020 Royal Agricultural Winter Fair CancelledFor only the second time in its history, The Royal Agricultural Winter Fair has been cancelled but plans are being made for some virtual competitions.Royal Agricultural Winter Fair Statement on 2020 EventAs the Province of Ontario starts to reopen, The Royal’s Board and staff will adhere to all recommendations put forward by government and health officials.Government Financial Assistance for Ontario FarmersOntario Equestrian has recently released this update of several financial assistance packages available, including those for farm business. We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding. Horse Sport Enews Michael Jung of Germany became the second rider to win the Rolex Kentucky Three-Day Event, presented by Rolex, on the same horse in two consecutive years by riding Fischerrocana FST to a 13.3-point victory. His winning score (39.2) easily bested Lauren Kieffer on Veronica (52.5) and Maya Black on Doesn’t Play Fair (53.9).In addition to the iconic Rolex watch that goes to the winner, Jung will take home first prize of $110,000.Kim Severson on Winsome Adante is the only previous partnership to record consecutive Rolex Kentucky victories since it became a CCI4* in 1998 is. They won in 2004 and 2005, after also winning in 2002.Prior to that, when Rolex Kentucky was a CCI3*, Bruce Davidson Sr. won it in 1988 and 1989 on Doctor Peaches. Davidson also won Rolex Kentucky in 1983 on J.J. Babu and 1984 on Doctor Peaches, and he won the 1978 World Championships at the Kentucky Horse Park on Might Tango.“I am normally not a man of many words or so much drama as this weekend has been,” said Jung 33. “I have to thank all the people behind me and my horses. It’s a success of the whole team. Every horse in my stable horse has had a part in it.”In addition to Fischerrocana, an 11-year-old German-bred mare, Jung’s stable includes numerous international-level event horses, as well international-level show jumping and dressage horses.Now Jung’s attention turns to the third leg of the Rolex Grand Slam, the Badminton Three-Day Event in England, which begins on Wednesday, May 4. His mount there, La Biosthetique Sam, on whom he won the 2010 World Championships and 2012 Olympics, was due to arrive at Badminton on Sunday. Jung planned to fly out of Cincinnati early Monday morning to meet him there Monday afternoon.If Jung wins Badminton, he will become only the second rider to win the lucrative Grand Slam-the winner earns $350,000–in the 16-year history of the prize. Pippa Funnell of Great Britain is the single previous winner of the Rolex Grand Slam, in 2002-2003.The key to winning Badminton and the Rolex Grand Slam, said Jung, is to ride like it’s a normal event. “I think always the same thing when I go a championship or a four-star event. I say to myself, ‘This is a normal competition.’ I try not to change anything. It’s important to win, but it’s important that you have a good feeling for the horse and that you have a good ride.”Kieffer climbed from sixth place to second place by adding just 1 time fault to her score. That propelled her up the standings when the four horses in front of her faulted, including Phillip Dutton’s third-placed horse, Mighty Nice, and his second-placed horse, Fernhill Fugitive. Dutton finished fourth on Mighty Nice, fifth on Fernhill Cubalawn, and 13th on Fernhill Fugitive.For Kieffer, 28, of Middleburg, Va., second place made her the winner of the Rolex USEF Four-Star Championship for the second time, again on Veronica. Kieffer also finished 18th on Landmark’s Monte Carlo, with 20 show jumping faults.“Monte Carlo exceeded our expectations yesterday and had a learning experience today,” performing in front of the jam-packed Rolex Arena at the Kentucky Horse Park, said Kieffer. “But Veronica is better the more atmosphere she has. It lights her up a bit, and she tries harder.”Black, 28, of Clinton, Wash., and Doesn’t Play Fair, an 11-year-old U.S.-bred Holsteiner, lowered one jump to move up one place from their two-phase standing. “He’s kind of a pain in the barn, but he’s a great little horse who comes to work everyday,” said Black of her 15.2-hand partner.Kieffer and Dutton led Team USA to victory in the DuBarry of Ireland Nations Team Challenge, scoring 178.5 faults. Their score handily eclipsed New Zealand (238.0) and the combined team of Australia, Germany and Great Britain (298.5).Sunday’s attendance was 25,545, bringing then weekend’s total paid attendance to 82,100.Known as the “Best Weekend All Year,” the Rolex Kentucky Three-Day Event Presented by Land Rover is the nation’s premier Three-Day Event and one of the most prestigious equestrian competitions in the world.For more information, please visit the Rolex Kentucky website at www.RK3DE.org. 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A bunch of pussycats or lions?

first_imgThree weeks ago I thanked the Secretary of State for Transport for not making a single reference to the coach and bus industry in his speech to the Conservative Party conference.Nobody expects the Spanish Inquisition at Select Committee, but the latest session was very tameI’m delighted to report that I’m able to thank him again. On 16 October he appeared before the Transport Select Committee for a one-off session on the general, but important, topic of the ‘Policy Priorities for the Department for Transport’.First sessionThis was the first session of the new Committee so it was no surprise that it wanted to have a general knock-about with the Secretary of State. As it was all about the department’s policy priorities, I am delighted to report that the words ‘coach’ and ‘bus’ never passed the Secretary of State’s lips.Better news is that not a single member of the Committee, not even Graham Stringer, mentioned coach or bus policy at all.After the frenzied activity of the last couple of years or so – as buses are concerned – we can now presume that transport ministers and even members of the Committee regard the historically-vexed question of bus policy as finally resolved?Perhaps, bus operators can be left alone to focus on the most important task of all – providing services to passengers – untroubled by meddling ministers and, at their behest, officials. Sadly I may be looking through rose-tinted spectacles as I have little doubt that in its eternal wisdom the Committee will at some point find a reason to hold yet another inquiry into bus policy, either specifically or as part of a more general inquiry into local transport.I guess that’s a burden we must all endure, but for now at least the bus industry can bask in the warm glow of knowing that bus policy is no longer a priority. Fire in its belly?I watched the proceedings in the faint hope that the new Committee might show some spark, sense of purpose in life, and even provide evidence it is really in command of the issues and able to seriously hold the Secretary of State to account.I was hoping for signs that the new Chair, Lilian Greenwood (Labour, Nottingham South) might have some fire in her belly compared with the limp chairmanship of her predecessor, Louise Ellman.I was sorely disappointed. This was a very tame session indeed, with the Secretary of State under no pressure whatsoever.In fact he was able to bat away the MPs’ questions with contemptuous ease, and sometimes the look of distain on his face was a picture. Sorry Lilian, but this Committee has not got off to a strong start.last_img read more

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Glastonbury Organizers Receive Death Threats For Booking Kanye West

first_imgHundreds of thousands of angry music lovers have already made their voices heard in a petition for a cause that is clearly important to many: getting Kanye West off the Glastonbury bill. Now, festival organizer Emily Eavis is coming forward saying that she actually received death threats over the controversial booking.“It was not a pleasant world we unwrapped,” she said. “I had death threats and stuff. It was just horrible. It was just crazy. It was getting out of control. We had Time magazine, all the American news channels saying they were going to come down. This incredible onslaught worldwide.“It was quite upsetting because we were talking about something that was so exciting and interesting and fresh and brilliant for the festival,” she continued. “Kanye West is making the most exciting music at the moment. He is an amazing force as a performer. For us, getting the biggest star in the world was an amazing coup.”In addition to Kanye, the festival will see headlining sets from the Foo Fighters and Florence and the Machine. Check out the full lineup here.[Via The Guardian]last_img read more

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Briefly noted: Woman sentenced to 96 months after pepper-spraying police at Oak Park Mall

first_imgPhoto credit Mike Kalasnik.Latrina Karice Newsome gets 96 months in prison for incident at Oak Park Mall. A Mississippi woman who deployed pepper spray against Overland Park police officers after they confronted her about suspected theft of merchandise will spend 96 months in the custody of the Kansas Department of Corrections. Latrina Katrice Newsome was convicted on counts of aggravated battery of a law enforcement officer and battery of a law enforcement officer for the September 2017 incident. Newsome had been seen stealing items from Victoria’s Secret. When police confronted her about the thefts, she became combative, and used pepper spray on the officers. As they attempted to subdue Newsome and a man she was with, the officers sustained injuries including a broken foot, a broken finger and a knee contusion.Mission-based Acendas Travel expands with acquisition of South Dakota agency. A travel agency co-headquartered in Mission and Minneapolis is gaining a new office in South Dakota. Acendas Travel has acquired Travel Partners, a vacation travel agency based in Sioux Falls. Since 2010, the company has also acquired Vanguard Travel in Minneapolis as well as Gateway Express Travel, Interlachen Travel and most recently Edina Travel. Brent Blake, president of Acendas Travel, said the company is “excited to have the Travel Partners team come under the Acendas Travel umbrella.” “We have a focus on growth, but only if it is a good fit,” Blake said. “Travel Partners is not only a good fit; it is a great fit.”last_img read more

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Air Liquide looks positive

first_imgGet instant access to must-read content today!To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.Don’t just stay connected, stay at the forefront – join gasworld and become a subscriber to access all of our must-read content online from just $270. Subscribelast_img

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CaroTrans Restarts Rotterdam – Los Angeles Weekly Service

first_imgCaroTrans, a global non-vessel operating common carrier and ocean freight consolidator, has resumed its direct, 26-day, all-water Rotterdam to Los Angeles import service. CaroTrans says that over the last few months the lingering US West Coast port congestion has eased, which enabled the resumption of this weekly import service.The resumed service complements CaroTrans network of direct import services from Rotterdam including service to: Chicago, Charleston, Miami, New York and Houston.CaroTrans partners with Cleve & Zonen in the Netherlands and Belgium for these services.“The resumption of this service represents stable conditions at US West Coast Ports which allows for the reinstatement of the Los Angeles gateway. Shippers require direct, reliable service options to ensure supply chain integrity and effective management of associated transportation costs,” said Greg Howard, CEO of CaroTrans.Image: Port of Los Angeles/Facebooklast_img read more

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​Bar disciplinary rules ‘opaque’ says High Court

first_imgThe High Court has refused judicial reviews of disciplinary decisions bought by three barristers, but criticised the rules governing hearings as ‘opaque’.Lord Justice Moses and Mr Justice Kenneth Parker dismissed applications by David Leathley, Yash Mehey and Josephine Hayes having found that anomalies in tribunal panel member appointments did not affect the validity of the tribunal findings.Moses rejected all but two of the arguments as being ‘totally without merit’, but made a series of adverse comments in respect of the Bar Standards Board and the Council of the Inns of Court with regard to the regulations governing the disciplinary tribunals and rules on hearings before the Visitors. He said anyone reading COIC’s constitution, the relevant guidelines and memorandum of understanding would have required to undertake a ‘process bordering on Talmudic analysis’ to understand them.‘To allow regulations and rules to become so opaque must expose the Bar Council to an allegation that it has failed to have regard to its legal obligation to abide by the principles of transparency imposed under Section 28(3) of the Legal Services Act 2007,’ he said.The claimants had sought permission to challenge findings in relation to professional misconduct. The challenges related to the entitlement of some members of the disciplinary panels to sit rather than to the decisions in the individual cases.The three claimed that some members of the disciplinary tribunals and the Visitors were not qualified because the duration of their eligibility to sit had expired. Accordingly, they claimed, they were not tried by a tribunal established by law; within the meaning of Article 6 of the European Convention on Human Right the tribunal had no power to try them and the Visitors no power to uphold the findings.Last year a report by former bar chair Desmond Browne QC uncovered ‘systemic failures’ in the disciplinary regime. The cases of the three barristers in this challenge were all adjudicated before changes to the system were introduced following that report.In a joint statement, barrister Marc Beaumont and Joel Leigh, consultant at London firm CKFT, who represented Mehey and the Bar Mutual Indemnity Fund, said: ‘The divisional court has in effect held that the argument that a disciplinary judge had an undisclosed income from the BSB as the prosecuting authority was totally without merit; that it does not matter if a disciplinary judge’s tenure has expired; that the agreed process for appointing disciplinary judges can be ignored totally; that it does not matter that the prosecuting authority appointed disciplinary judges to the COIC pool for several years and that serious delays in the Visitors’ appeals process do not matter either.’The statement continued: ‘This case is about due process and a fair deal for the bar by the bar.’ It said an application for leave to appeal is in the process of being made.A BSB spokesman said: ‘We are pleased that the court found all but two of the specific challenges made by the claimants to be totally without merit and refused the applications on the two issues it considered were arguable. ‘The judgment confirms the Bar Standard’s Board’s original view: that most of the historic anomalies, while a matter of great concern to us, did not affect the validity of the findings made in the cases that were potentially affected.’
He said the BSB noted Moses’ comments on the disciplinary tribunal regulations and we will be considering the points raised. ‘We will, by the end of the year, have issued a report setting out the progress made in improving the system a year after the Browne Review and its 82 recommendations,’ he added.Read the full judgment.last_img read more

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