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Submission + - Elon Musk On the Problem With Corporate America: 'Too Many MBAs' (cnbc.com)

An anonymous reader writes: Tesla and SpaceX founder Elon Musk says the biggest problem with corporate America today is that too many business school graduates are running the show. “I think that there might be too many MBAs running companies,” Musk said Tuesday at the WSJ CEO Summit. This “MBA-ization of America,” isn’t great, Musk said, especially when it comes to product innovation. Big corporate CEOs often get caught up in the numbers and lose sight of their mission, which is to create “awesome” products or services, according to Musk.

“There should be more focus on the product or service itself, less time on board meetings, less time on financials.” “A company has no value in itself. It only has value to the degree that is [an] effective allocator of resources to create business services that are of a greater value than the costs of the inputs,” Musk said. This thing they call “profit,” Musk added, “should just mean over time that the value of the output is worth more than the inputs.” Musk said the biggest mistake he has made as a leader of both Tesla and SpaceX was spending too much time in meetings looking at PowerPoints and spreadsheets, instead of being out on the factory floor. “When I go spend time on the factory floor or really using the cars or thinking about the rockets...that’s where things have gone better,” Musk said at the WSJ summit.

He finds that if he is engrossed in the details of the issues, it boosts morale and his team is “more energized.” Musk urged CEOs to “get out there on the goddamn front line and show them that you care, and that you’re not just in some plush office somewhere.”

Submission + - FFII crowdfunds a complaint against Unitary Software Patents in Germany (ffii.org)

zoobab writes: The FFII is crowdfunding a constitutional complaint in Germany against the third attempt to impose software patents in Europe, calling on all software companies, independent software developers and FLOSS authors to donate. The Unitary Patent and its Court will promote patent trolls, without any appeal possible to the European Court of Justice (CJEU), which won't be able to rule on patent law, and software patents in particular. The FFII also says that the proposed court system will be more expensive for small companies (SMEs) then the current national court system.

Submission + - SPAM: Hackers are selling more than 85,000 MySQL databases on a dark web portal

An anonymous reader writes: For the past year, hackers have been breaking into MySQL databases, downloading tables, deleting the originals, and leaving ransom notes behind, telling server owners to contact the attackers to get their data back. If database owners don't respond and ransom their data back in nine days, the databases are then put up on auction on a dark web portal.

This portal currently lists data from more than 85,000 MySQL servers, each for a price of only $550/database.

Link to Original Source

Submission + - Mastercard To Stop Processing Payments On Pornhub, Cites Unlawful Content (reuters.com)

An anonymous reader writes: Mastercard Inc said on Thursday it was ending the use of its cards on Pornhub after its investigation confirmed the presence of unlawful content on the sex videos site. Pornhub said on Tuesday it had banned video downloads and was allowing only certain partner accounts to upload content after a New York Times column reported that many videos posted on the adult website depicted sexual assault of children. The newspaper column had also described some videos on the site as recordings of assaults on unconscious women and girls. Pornhub has denied the allegations. Billionaire investor Bill Ackman asked Visa Inc to follow suit.

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