€80,000 annual pay for PBS executive chairman

Feb 16 2022

Minister Carmelo Abela revealed that Mark Sammut, the executive chairman at Malta’s national broadcaster PBS, is being paid a salary of €80,000 annually.

Abela confirmed this following a parliamentary question by PN MP Joe Ellis. The Opposition MP asked for a copy of the contract but this was not provided.

Abela insisted that Sammut’s appointment is different to his predecessors since he now occupies both roles of CEO and chairman. Sammut was appointed to the role in April of 2021, replacing University of Malta Pro-Rector Carmen Sammut and Charles Dalli.

This follows a Nationalist Party constitutional case launched over the national broadcaster’s ‘Labour propaganda.’ The party claimed that news coverage during the 20:00 slot has at times been taken up with over 50% Labour directed messaging.

The opposition claims that the service no longer offered balanced views on sensitive topics of national importance.

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$5.7 billion in Tesla shares donated to charity by Elon Musk

Feb 16 2022

Tesla CEO Elon Musk has donated roughly $5.7 billion worth of the company’s shares to charity. The donation of 5,044,000 shares was revealed on Monday in a filing to the US Securities and Exchange Commission, having been gifted last year between November 19th and November 29th. Tesla’s stock was trading above $1,000 per share at the time of donations.

Shares donated were worth $5.7 billion based on the average of the highest and lowest quoted price on the date of the transaction. This would make Musk the second biggest US donor in 2021 as the CEO now trails only Bill Gates and Melinda French Gates. The latter gave $15 billion last year, according to an annual ranking by the Chronicle of Philanthropy.

Previous filings show that Musk sold Tesla shares worth over $16 billion in the final two months of 2021. Donated shares are not subject to capital gains tax. Tesla did not immediately respond when asked for more details on the donated shares.

This comes after the director of the UN World Food Programme challenged Musk, the world’s richest man, to make a donation that would help solve world hunger. The WFP did respond with a plan to a tweet by Musk, but there hasn’t been any word by the CEO yet.

David Beasley, the WFP executive director, said that there are millions of people around the world on the brink of starvation. He exclaimed excitement that Musk had engaged with the donation but it remains to be seen whether Musk will go through with it.

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28-year-old motorcyclist dies after truck incident in Aldo Moro Marsa

Feb 16 2022

A 28-year-old man has died after a truck was overturned in Aldo Moro Road, Marsa earlier today.

The Nepalese man worked as a food courier and was reportedly driving on the other side of the road when a truck collided with a pole on the road’s centre strip, deviating off its path and causing it to overturn. The driver of the truck is reported to be a 56-year-old Bormla resident who lost control of his truck, causing it to turn over.

Two other cars were involved in the incident but police have reported that no other injuries were sustained. An inquiry into the incident has been opened while police investigations are currently under way.

RIP

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What is KPMG?

Feb 16 2022

What is KPMG? The short answer would be that KPMG is a global network of professional firms providing Audit, Tax and Advisory services. However, the global brand goes beyond its rudimentary definition and carries multiple different meanings to thousands of people around the world. Corporate social responsibility is at the heart of KPMG’S Culture. The CSR and Social Committee at KPMG in Malta is committed to focus on four main pillars: Kids, People, Move and Green.

The first pillar highlights KPMG’s belief that children are the future. The focus here is on initiatives promoting children’s needs, education and well-being. The second highlights their support and commitment to their people’s wellbeing and those around them. The third pillar emphasises the importance of physical and mental well-being as well as the promotion of fitness and sports. Through the fourth and final pillar, KPMG aims to raise awareness about the importance of protecting our environment, sustainability as well as local heritage.

The organisation currently employs around 236,000 staff members across 145 countries and is a much sought-after workplace for students aspiring towards a career in commerce.

The Committee organises a wide range of initiatives to engage their people and to make a positive difference in our community.

Beyond day-to-day operations, KPMG in Malta prides itself on community values, holding members of the organisation in the highest regard through constant communication, weekly activities and global opportunities. The firm “leads with a commitment to quality and integrity across the global organisation,”, bringing “a passion for client success and a purpose to serve and improve the communities in which KPMG firms operate.”

Furthermore, both beyond and within company walls, KPMG commits to a healthy lifestyle and prioritises social aspects through team catch-ups, events, hikes and much more. That’s what KPMG is; a community and a lifestyle… and joining them is easier than you may think. That’s what KPMG is; a community and a lifestyle… and joining them is easier than you may think.

Regardless of what position you are in during your studies, KPMG are here you to assist you in your journey towards graduation! From a super-helpful buddy system to an unmatched sense of team spirit, they are definitely worth getting in touch with. Interested in joining the KPMG family or kickstarting your KPMG journey? Apply now!

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