If you are struggling with Mondayitis today, then just think how much worse things will be when Elon Musk leads us all to Mars – days there are 37 minutes longer than on Earth. Still, not as bad as Venus where Mondays go for 5,832 hours.

The lowdown

• 🦤 Twitter lays off another 50 employees.

• 💰 Berkshire Hathaway cash hoard swells to nearly $130 billion.

• 📍 Missing Chinese billionaire Bao Fan has been found and is cooperating with authorities conducting an investigation.

Flex your finance muscle

Restricted stock units

Restricted stock units (RSUs) are a type of equity compensation typically granted to employees as a promise to deliver a certain number of company shares at a future date, subject to certain vesting conditions.

RSUs are different from stock options because they do not require the employee to purchase the company shares at a discounted price. Instead, RSUs are granted to employees as a form of deferred compensation, and the shares are typically delivered to the employee once the vesting conditions are met.

RSUs can be a valuable form of compensation for employees, as they provide an opportunity to share in the company's success without requiring an upfront investment. RSUs can become problematic when IPO timelines become stretched and RSUs expire before the listing. Payments processor Stripe is currently facing this dilemma, with millions of dollars of RSUs due to expire ($).

Event spotlight: Pigment's FP&A Week

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Featured stories

Warren Buffett’s letter to shareholders

Warren Buffett has used his annual letter to Berkshire Hathaway shareholders to defend share buybacks, after a new tax on stock buybacks went into effect in the US this year. Treasury officials project that stock buybacks could generate $74 billion in revenues for the US over the next decade.

Buffett argues that buybacks can offer a prudent way to deploy capital when repurchases are made at value-accretive prices. He refuted arguments that buybacks do little to bolster the underlying economy and could be spent on capital expenditures or returned to workers in the form of better pay.

It was the shortest letter that Buffett has released in decades but given he is now 92 years old, we won’t be complaining. Read letters going back to 1977 here.

The content we're consuming today

• FT: Anime and ‘The Last of Us’ are transforming Sony’s business ($).

• WSJ on YouTube: Party City’s Bankruptcy: What Do Balloon Sales Have to Do With It?

Off-balance sheet items

• Remember Nelson Peltz – the activist investor that took on Disney? Well Nelson is once again causing waves, suing the planners of daughter Nicola Peltz and Brooklyn Beckham’s $5 million wedding. Here is the lawsuit. The man loves a fight.

The bottom line