links for 2009-06-11
Amazon EC2 is among the more potent items in Amazon’s web services arsenal. You’ve probably heard of many of the other services such as S3 for storage and FPS for payments. EC2 is all about the “elastic compute cloud.” In layman’s terms, it’s a server. In slightly less layman’s terms, EC2 lets you easily run and manage many instances (like servers) and given the proper software and configurations, have a scalable platform for your web application, outsource resource-intensive tasks to EC2 or for whatever you would use a server farm. There are three different sizes of EC2 instances you can summon and they’re all probably more powerful than the server currently running your blog. Unless you’re offloading video processing or something intense to EC2, the default small instance with its 1.7GB of RAM and 160GB disk should be more than fine. It’s just nice to know that if for any reason I need a farm of machines each with 15GB of RAM, I can get that easily.
The Obama administration is set to announce today two proposals that would empower shareholders and the Securities and Exchange Commission to have more oversight over executive compensation at all publicly traded firms, government sources said. The measures would require legislation, which is expected to be sent to Capitol Hill soon, one of the sources said. Under a so-called "say-on-pay" plan, shareholders would have a greater voice over what top earners at firms are paid. A second proposal aims to provide company compensation committees more independence as they determine what executives should make.