Lamar Smith, the chief sponsor of SOPA, said on Friday that he is pulling the bill “until there is wider agreement on a solution.” “I have heard from the critics and I take seriously their concerns regarding proposed legislation to address the problem of online piracy,” Smith (R-Texas) said. “It is clear that we need to revisit the approach on how best to address the problem of foreign thieves that steal and sell American inventions and products.” Related: PIPA Also Shelved For The Time BeingMegaupload Execs Denied Bail, Have Some Pretty Baller Vehicles - [TDW Geeks]
Four Megaupload employees, including founder Kim Dotcom and co-founder Mathias Ortmann, appeared in Auckland, NZ district court this morning for a hearing that began the process of extraditing them to the United States to face charges of copyright violations, money laundering and racketeering. Related: Megaupload Back Up Without A Domain NameThe Invisible Hand Behind Bonuses on Wall Street - [NY Times]
“You know those big paydays on Wall Street?” he says, typically waiting a beat to deliver the punch line. “I have something to do with them.” Mr. Johnson, a consultant who speaks with a light twang from his native Alabama, has never worked for a bank. Nor will his company, Johnson Associates, pay million-dollar bonuses to any of its 12 employees this year. But as one of the nation’s foremost financial compensation specialists, Mr. Johnson is among a small group of behind-the-scenes information brokers who help determine how Wall Street firms distribute billions of dollars to their workers.