Our Conure at 26 mos., "whats up", okay, thank you! :)
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We can all control whether or not we choose to drive a vehicle, which appears to be causing on the surface at least global warming......... gas emissions also destroys air quality. The noxious poisons released are not only cancerous but deadly if vehicles are running within enclosed areas.
Think of the food items we purchase, and how petroleum plays a role, in particular plastics. We have a choice.
How many cases of cancer involve people who have never smoked a pipe, a cigar, a cigarette, or chewed, or dipped?. Leukemia effects young children who have never had a chance at life, and many from parents who have never smoked.
People get emphysema never smoked, nor lived in a home of a smoker. I guess the point I'm making is that there are alot things we can't control, but when the govt gets into the lives of non criminal Americans telling people what they should eat, not eat, or impose restrictions on those who want to go to a saloon for a drink and smoke we are allowing them to step over the bounds to what little freedoms most of should be able to enjoy..........think of the irony that you have to be 21 to drink a beer, but when it comes to the service of the military, and many were drafted at 18, are trained to kill, and die if necessary.........off duty.......on the other end of this the govt is in discussions of legalizing drugs which alters normal brain function, and many deranges the mind, taxing soft drinks, taxing dairy farmers for the gases that their cows emit, taxing smokes to a level that forces people to quit may just open the door to more people becoming obese...........Its terrible yes, and for many a people we see you would think they are trying to eat the planet of all its food...........being a glutton is a sin if you believe in what the Bible says about it, and today many don't fast in this country, even for a few days now and then.......and this helps to cleanse the body. Most people know over eating is bad, look at Kirstie Alley who went from 135lbs to 300, maybe more, or Liz Taylor, or Marlon Brando, John Candy, just to give some perspective.
Something will take the place of it for many.
Instead of the smokes, it will be donuts, candy, gum, or 6 meals a day instead of 2.........who knows?, but the issues here are not whether you and I drop dead today, or tomorrow, they care less, its about what the plan is for Nationalized Health Care, and how to prevent people from wanting to see a doctor, or need to, if all the baby boomers would drop dead the govt benefits.
Hitler was a non smoker and attributed his rise to power from he giving it up, and he got on a campaign in Germany to outlaw it for the growth of the aryan babies who were to be the future Nazi Regime. Franco, as well as Mussolini were non smokers, unlike FDR, Churchill, and Stalin. Hitler believed that this would help him and they to function in power in such a way due to this that would be advantageous to them winning the war.
In short of it I see this govt today as having their heads up their rear ends so far that they can't see the light for the forest. The real issues at hand is something that they've ignored for last 45 years, and was hit head on with the problems during the early 70's.............they chose to use the working American people thru enslaving us to their wars after Eisenhower for corporatism, they are in the service afterall to Wall Street, and Lobbyist alike. Like the Monarchy of England who really saw its people(subjects) who worked as tools for taxes, and we don't have to look to far to see how they lived in comparison to those in power, the English lords, noblemen????, the blue bloods. What a sham today when the general public in England in particular the old do without, when taxes are still being use to support those like Prince Charles.......prior and during WW2 King Edward, and his wife were Nazi Sympathizers, who believed in what Hitler was doing and what he was all about in the face of Parliment, his people, and the world..........but yet we saved his butt so he could live in a life of luxury.
Peg one day the American people will awake and say,"I get it!"...........or the hope is we all will?. We have more problems right here at home, more than we can even begin to face, and as big if not bigger than everyone having healthcare................the problem is the govt is as corrupt as the day is long, and I doubt that there is even one politician who isn't dirty?.............the question is?, what will it take to force those who are given those positions to live up to the duties they were really elected for?, and that would be to the service of this nation and its people, and not to be self-serving, and not the high rollers, not Wall Street, not Lobbyist, not the Hedgefunds, the rich and super wealthy, all to some degree have a much larger voice because they want an advantage over the average American who elected them to serve to do the right things.......
I agree somewhat........but how about the unhealthy habits caused by all of us?...........like carbon monoxide, like the toxins caused from run offs, and other sources that contaminate water supplies, there are as many sources surrounding these issues as any............what causes cancer?.....who knows which agent is the worst?.......illegal dumping often goes unchecked..............what has destroyed our ozone layer that made holes in it?........what about oil spills and mercury entering our food sources?, our ocean is polluted, and can you imagine how difficult it is to pollute an ocean, or for that matter fish it out?.....mining run offs contanminate.......The point I'm trying to make is that all of these things can be attributable to health problems...........and no doubt are..........A library can be constructed to house the books written on pollution.........we don't know what we are breathing, eating, drinking unless we get it analysed before hand.
As we go about our daily lives most of complain about pot holes when we are on the road. I have often asked how can our State allow our roads to get into such a deteriorating state, and for years do nothing........its kinda like driving and dodging everywhere we turn...........the city is constantly in court over vehicle damages caused by their neglect. Even sewers with missing covers...............then I saw this!.
When we give thought to how many countries we have rebuilt, how many more we will continue to rebuild, and the cost gets into the trillions.........next Iraq, then Afghanistan, and if not this its Wall Street, investment banks, hedgefunds, and like not finding an avenue with the help of Great Britian to reign in the taxes from those who want to operate like pirates just off our shores only to be used for a tax haven. From what I gather there are some institutions in the UK who want to collect $100b off the US govt to pay for what Lehman Bros. have soaked them for, where else could it come from?. AIG $175b so far with much more to come, GM, Chrysler, Ford, Goldman Sachs.......... $11m for a bridge for Msft, a $200+m for the bridge to nowhere, Millions for a bridge to connect a walkover to the beach for Joe Biden's home town, and now its National Health Care, California Bankrupt, and Katrina's aftermath is still in the wake, and with all this going on and no doubt continue to go on as it has for decades, outsourcing, in-sourcing, Mexico's problems have become ours, and these type of stories are never ending........Manufacturing jobs, and the products that were once made here now come from China, Korea, Japan, Russia, companies that Americans built thru their investments, and labor.......gone!, and with it tax revenues,.......This has been and continues to be their thankyou...........Now all we have to do is buy their products?.
Its all a part of our Govt selling this country down the river after having stolen it.........its all about what they can get out of it for themselves.......wallstreet, DC, and the public
corporations who are getting bailed out who do little to nothing to solve these critical issues.............but a whole lot of diversion tactics stay front and center to keep americans from seeing what lies below the surface, and above it.
http://www.history.com/shows.do?action=detail&episodeId=476298
Not mine..........I should have posted the link. The source was found on Yay-hoo........imo I think its a good buy at this level.
Why work for a living when anyone or group can do a r/m into a shell and have nothing more than a model ripped out from some page of ideas that someone else has used. A BB can raise tens of millions with S-8's, there are no caps, for years, a pink is suppose to be able to raise a million, a million if they have people with a net worth of a million who they claim is an accreditor, and accreditors won't come on board unless the company has a marketcap created from retailers. They have to know they can make double their money back, and more to give up their cash to one of these cons.
Who checks to see if they are?........Like you said there is no accountability, and they maintain a low share price which gives the appearance of being cheap and to keep them biting. In reality these stocks in the OTC market can be as expensive and much more than seniors who have terrible reputations, but for the most part they have something we can look at, the good or bad................15b a/s?????????????this is as much as Msft, Orcle, and a few others combined......where is the rational?..........none of these pinks should ever ever be more than 50,000 share o/s with an a/s count of 100,000. If they had anything that was real it wouldn't be. They would build to get on a senior from their generated revenues, but they don't want that, nor do they want to file, or offer up any transparency, they do not want to put themselves under Sarbane/Oxly which in itself has so many loops that would top any killer rides at an amustment park. To be on a pink means pure speculation. All one needs is a computer, a symbol, and printing paper, and their in business,..........even charities are held to higher standards.
READ WHO JOE IS HOOKED UP WITH HAVING TAKEN BERMAN INTO BANKRUPTCY COURT, AND HE EVEN LED SOME OF US TO BELIEVE THAT HE DIDN'T WANT ANYTHING MORE TO DO WITH BERMAN SINCE HE FELT HE SCREWED HIM, THE ONLY PEOPLE THAT was SCREWED was all of us, BY THEM, PARTNERS IN CRIME..........THINK THERE WAS A LITTLE FRAUD THAT WAS BEING PERPETUATED HERE?.....GIVE A LOOK AT WHO HE CHOSE AS ONE OF HIS OFFICERS. THIS WAS AUMN BEFORE THIS BECAME FTCH.
http://finance.yahoo.com/q/pr?s=FTCH.PK
http://investorshub.advfn.com/boards/board.aspx?board_id=9571
Guess Joe and Berman decided against Bermans photo but 3 others are there.
Whatever happened to those 68 mining claims?........were those returned to Russell?, or sold having been purchased with Russells money from the 504?.......and if these were sold since these are no longer mentioned what happened to the funds?.....or were those 68 phantom mining claims?
-3 Technologies, Inc.
3340 Preston Ridge Road
Suite 600
Alpharetta, GA 30005
United States - Map
Phone: 404-418-4020
Fax: 404-418-4121
Web Site: http://www.f3technologies.com
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Index Membership: N/A
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Full Time Employees: NaN
BUSINESS SUMMARY
F3 Technologies, Inc., through its subsidiary, Imagin Systems, Inc., provides software-as-a-service (SaaS) development and application services to consumers and small to mid-sized companies in the United States. The company offers Ascend Global Business System, an online SaaS product for businesses to improve customer relations, track employee performance, and support revenue opportunities. Its Ascend Global Business System contains customizable modules for accounting, human resource management, project management, Website creation, online store creation, knowledge sharing, survey building, and customer relationship management. The company also provides Interaction Community System that offers neighborhood communities and homeowners associations an online solution for services, such as residential directories, accounting, voting, Website creation, facility management and scheduling, newsletters, announcements, vendor sharing, e-commerce, accounting, classifieds, and message boards. In addition, it offers FargoTube, an online video sharing engine that allows users to upload proprietary video content and sell it to other users; shares ad revenue generated by videos offered for sale or for free with the video owner; and shares a portion of any profits made by users. The company was formerly known as American Uranium Mining, Inc. and changed its name to F3 Technologies, Inc. in April 2008. F3 Technologies, Inc. was founded in 1983 and is headquartered in Alpharetta, Georgia.
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KEY EXECUTIVES
Pay Exercised
Mr. Francis V. Connor ,
Chief Exec. Officer N/A N/A
Mr. James P. Canouse ,
Pres N/A N/A
Mr. Eric N. Hoyle , 62
Sr. VP of Fin. & Admin. N/A N/A
Mr. Paul Campbell ,
Exec. VP and National Sales Mang. N/A N/A
Mr. Richard M. Berman ,
Exec. Officer N/A N/A
Dollar amounts are as of and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
Outstanding Float Dividend / Yield Ex-Div Date
$ 111,160.51M
5,007.2M
3,847.2M
$ 0.20 / 0.90% 07/13/2009
No f/s's since 2000, and its been in this trading range to down for approx 5 years. The last time there was a f/s it took the stock to a level that reflects where the company likes to keep it imo. The price makes the stock appealing to investors. But its a hard road to tie when the stock remains kind of idle, the ones making money on it are hedgies, and sophisitcated traders. Ellison and his key execs.
:))) Yes!, theirs for sure. You may be right, the only shake up in the market may be nothing more than just rhetoric, Ya know whats odd though?, Regardless of what the working class experience negatively in the market, no matter how many times, people keep coming back for more.
The claims of the uptick rule will remedy the manipulation, or so its claimed...........Yeah!, like reading and repeating the Hippocratic oath to your doctor will give him a heart to do home visits, just to make sure your doing alright when ya can't make it in to the office.
CNBC, and the Cramers of the world are hired to move the markets, depending on their agenda?, up or down, every broker is tuned into those programs during every trading hour.
David Faber tells people what they should know, most work to lure people either in or out, often when its to late. When GE fell to its all time low, and rightfully so, they really worked hard to get a reversal in market trend.
It a Plutocratic system, always has been and always will, and this is why the market implodes every several years, the next one will be even bigger than the one we've all been witness to, after the Savings&Loan scandal things like that were not suppose to happen again after that bailout, yeah, right!. The Bush family was up to their necks in that as well.
If Ellison is worth these kind of paydays, Oracles typical worker whose on the bottom rung should be able to earn around $150k annually just to keep things perspective. The people who keep this country running are paid just enough to keep them coming back day after day, year after year for life!!!
The truth of he matter only profitable companies should be able to come public, and the initial public offering should offer alot of promise to the investing public, but often what happens insiders, and special clients get in at much lower stock prices, and what should happen that everyone of them should have no less than a year restriction on those buys, more often than not its not adhered to, or the companies find a way around alot of it............alot of the jargon written and the unlimited filings offered them shouldn't exist.
These companies can offer public offerings when they choose to if they need to raise more cash, and it should be applied to growth.........There should not be a whole lot that separates public companies from private companies in the way they operate, going public already gives them a leg up without having to borrow millions that they couldn't otherwise..........
The owners give up part ownership when they come public, and this is the trade off. Their entire reasoning for coming public is to earn more through growth. What we witness though is something to the contrary. When they should be dependent on their companies growth, and revenues, and would mean bigger salaries, and perhaps bonuses, all of it should be determined by shareholders, and each employee to include themselves should be paid by check, and check alone. If they take a beating the ones at the top get salary cuts. They need to work for what they earn and paid or not paid through generated revenues. This is where shareholders should be given a real voice. If the owner can't run the company find someone who can. If he or she is only interested in becoming a millionaire either earn it through profits, or sell the company, if they want to be billionaires they should have to sell the company or portion of it, if they can get it?
What we see though in many many of these companies, its all irrelevant, a companies revenues, and cash flow, may be deteriorating, plus stock price, the owners/insiders are still cashing in, and in a big big way. If you or I worked for a private business, and through bad judgements, or decisions cost the company losses, or weren't producing the way we should, we would be gone. If it were the owners if may mean the difference of having the ability to continue operations or bankruptcy, or at the very least restructuring, or downsizing..........
That's the difference between the real world, and Wall Street. If AIG would have been private,,,,,,,,,people would be forming a line for who would receive the most time in prison.
The ones who control the market can take it down, and quick, and know when the triggers are getting pulled, Stocks have moved up dramatically over the last several months, regardless of the fundamentals, and rather quickly, when all the bad news is being fed to the working class investors, an striking fear, an having jumped out from losses, the big boys are buying in on the lows, and when they've eaten a good portion of the pie, they work the financial media, an other sources to get the ones who jumped out back in, or the investing public. Its just a matter of time before a so called "correction" happens. Shorting is the hedgies biggest plays, increased volatility is one the better gauges to watch, a good indicator of where it may be going, along with to much supposed good news.
No wonder?, we've seen this before. What we never know is what Broker these companies use?.......I doubt its E-trade considering they were fined $36m a few months ago for front running.........Knight Capital on any number of occassions should have been suspended from trading, but as opposed to the regulators doing this they are either fined or the regulators go after the individuals of the company. What we need to see are some MM's getting their licenses revoked, fined and jailed, they operate with almost impunity, and if any are guilty for stacking the trades its these guys. When they are hired to sell S-8's or 504's they do everything they can to see these companies raise the cash at the buyers expense. Its boiler room tactics, like you said, $60,000 does wonders for stoking the fires.
My figures were correct but it wasn't the total. $546+ million
http://www.baltimoresun.com/business/sns-ap-us-oracle-executive-compensation,0,6249502.story
is what he took for himself for 2008. This isn't cream, as the way you may choose to view it, its more to the point of how he gorge's himself, and he's just one in the Lot.
If you choose to support this legal lootery, and corruption, thats on you!. The very reasons or at least in part, why we have been witness to all we have, not only for the last year or two, but for decades, and as we can see it only gets worse.
It couldn't do this without investors support, like yourself, one of the main culprits are stockholders. It could be a long winded debate, but I won't get into it all. The stock declined 28% during this selling. For every hundred dollars invested it would have lost $28. Quite the cost for that cup of coffee, if you take yours with creme.
If change is coming it must start here, no founder, no owners, no chair person, no key executives should ever be alloted additonal shares to their controlling shares, that should carry restrictions until the sale of the company. Salaries, and if its determined that bonuses are on the table, should be voted on by shareholders, and approved by independent governess, or Board, which should have zero affiliation with the company, and not allowed to be paid with stock, and if any of these people choose to own stock, stock options, should have to buy them like everyone else, like you.
I believe that no shareholder would approve of an $84m dollar salary, nor even $87m, and if they would they would need their heads examined, no person on the planet is worth this, and if they determine that they are they should sell the business, and this will give them their exact worth, and there is nothing wrong with it, if someone is willing to buy for whatever amount, and if its another "public trading company" then shareholders should be rewarded from that acquisition, the key word here is "public trading company", and entails them carrying out their fudiciary duties in a responsible manner. Doesn't mean that coming public gives them a right to have unlimited amounts of stock issued to them. If this was the case the Treasury Secretary should have the right to print as much money as he wishes for himself. Their second choice could be to buy lottery tickets. My point of view I believe is shared by more of the investing public that those who believe otherwise......Good Luck!
I don't know Bull, its been stuck down in this range for a long time, I once thought the company may have had some real possibilities then lost hope. The dilution factor came into play and when things began to look a little to iffy I stopped following it..........I need to give it a look when I get an opportunity.........this summer has been a challenge with so many things I fell behind on......I should soon be catching up.
I'm only relaying whats been in the news, I don't pretend to be a magician!:)).......Don't ya see!, there is nothing under the hat!. I'm also not a news journalist, but I play one on tv.
Its easy to accept that there are that many illegals in the US, they've been coming across the border for decades in droves. They're in every State in the country, all accept Alaska, and pehaps cities like Fargo ND.:)
Our politicians have wanted it this way. If not it would have never ever happened. We can go to war in Iraq, "a second time", and at a horrendous price the second time around, and this country could have been spared this, by just building the fence they should have without gaps in it that an army could come thru from anywhere South of the Border. Its kinda like having half door on our homes, saving us the cost of the other half, and then get a home security system. Then this govt should have made sure our Ports were secure. The reasoning behind all the missing fence post, and missing fence that should be erected been them, we are told, "Border Guards will be able to monitor those holes".........Sounds like solid political reasoning to me!.........makes as good a sense as the rest of the BS we hear.
syl I have heard in the media on more than one occasion that the estimate for illegals is 12m, but could be as high as 20 to 30m, but no one really knows?, how could they with open borders?, this has been going on for decades. After WW2 the Department of Immigration with the help of the elected officials began easing the restrictions than were in place. Over the last several decades there has been an explosion of those who have entered the country, like a tsunami of illegals, as far away as El Salvador, and many have been gang affiliates...........it didn't stop there, this country took in 50,000 from Cuba during the Carter years. Carter told its dictator if he would allow at least this many to come our door would be open to receive them. He did, Castro's finest, "he opened his prison gates". We got each and every one.
Not only from Cuba, but a flood of refugee's have been allowed to come into this country from the Dominican Republic, or rather Haiti.........thugs, and gang associates.
Along with it has came a crime a wave in around Miami, which used to be quite a city to vacation in, is now like LA.
Chicago is the murder city, unlike the days of Capone, and unlike the wild west..........its a city completely out of control that is controlled by gangs. This just scratches the surface. This problem began building during the Kennedy years, and for all that was suppose to make things better, in reality made things a thousand times worse..........Gangs, dope, alchohol, guns, and government run programs helped to fuel it. In particular HUD.............at one time Downtown Chicago was quite a place, and many of the areas of Chicago were really nice, great schools, and had some of the most beautiful parks, and places to go for family activities for every season.......Now its duck and cover, the outlying areas of the city just blocks away from downtown, south, west, and north are gone, crime ridden, drug invested, all the way into the suburbs and beyond.
I should have added just as many a politician during and prior to Hoover. It will continue until the American people once and for all have had enough, and I mean enough, and only when we all ban together for the kind of change that will make this the kind of Nation it should be, and a govt that serves the American people, not the lobbyist, not the corporate big wigs, and wall street, and all that surrounds money. This Govt has really grown into big business, a corporation all into itself, whose board members are congress, and they do whatever they like because they make the rules, and write the laws.
But I for one don't look for this to happen. It will take its course, the way it always has and the way it does, and probably always will. Its kinda left up to all of us as individuals, and what we contribute. If we can't change the Govt or the world we can always work on ourselves, and give thought of what we say or do and how this influences others?.
The Nations of the world will continue to judge one another, like Scotland, and the terrorist they just released, and now its Libya, and how he was received. We may have at present a better way of life in this country in many respects, we have a big big back yard to clean up before we can be a beacon to the others.
Just to highlight on the gang activity that is in every nook and cranny in the larger cities, its also spread into smaller cities, and towns across this country. Its a cancer that has as much terrorist activity than abroad. The insurgents are right here in our own back yards, and they keep coming. A war that needs to be fought on every front, and more people have been killed right in our own country, and just across our southern border than Americans lost in Iraq.
This country would not be what it is if it weren't for the 90% of Americans, and the good hard working people who keep its wheels greased..........Not the Bill Gates, and surely not the Oracles of the world. Advances in technology will continue, because of mans curiosity, and again brain its not their wealth thats the issue, its the way its obtained, this is the problem, it created a platform for the kind of corruption that has taken this country down to its knee's .
The biggest of all question is where will this curiosity and technological advances eventually lead?, if it were all for the good of man, and was used for its good that may be an entirely different story. But we know this is not always the case.........Just look at what the Atom Bomb has done. Rogue Nations now possess them.............along with this all the technology that guides them.
I don't know if anyone has this answer, it may be to our own demise?
brain most if not all the politicians who have come on board after Eisenhower have had no more morals or ethics than prostitutes who carved out their little corner to sell their wares.
The more advanced the world becomes, the greater the risk it imposes. For every action there is a reaction. There is as much bad as good........and sometimes I wonder which is tipping the scale?
We don't live in a democracy, far from it. Plutocracy rather fits the bill.
If we were those bailouts would never have happened, nor the stimulus bill, most all Americans were against them.
AIG committed plain and simple fraud, and most people would view these CDS's to be not even real insurance policies, but more like a gambling bet, and AIG was the Bookie, who played the odds and lost.......$175b came in their front door and went out the back.............$175b!!!!!, but they need $440b.
The odds were in favor of the Hedgies, who shorted the the weakest links, and for those who had their butts leveraged to the side of Mount Everest betting against the avalanche of those who controlled the mountain, lost.........not them, the Amercan people, the taxpayer, and the taxpayer will pay for it all again.
Not those at the top of these finely run establishments, but everyone else, in particular the moms and pops who may have had their pensions, 401k's, tied to these golden boys.
Most Americans could live without Msft, Oracle, the cell phone. Don't we have Apple and IBM, and HP.........
Ellison and Gates could both being buying fleets of ships to help the Sea Shepard save the whales, and this would be help to preserve what the oceans may be empty of..........If they would use that money for something other than up'ing one they could leave legacies they could be proud of. They could be doing "alot" of good things with what they've stashed up for themselves, Buffet to, but they live to serve themselves, its all about money.............I don't fawn over the rich, nor those is power, nor those in Hollywood, or Follywood, nor do I envy them, wherever they are at when they pass thru this world is where they will be.
Yeah! It was to big to dock anywhere. Why settle for one that can take you nearly anywhere in the world and the family, when you can own one as big as the Titanic?..........many of these super rich who own yachts have them transported to the destination of their choice, then fly there. But this guy needs one that can take 100ft rogue waves and not be disturbed while dining.
They made something useful as a tool that in many respects has done just as much harm as good, or at least Gates has. I don't think I am using anything that I'm familiar with from Oracle. Maybe I am and don't know it?..
The racketeers love the internet, predeators love it, govt loves it, and so do the hedgefunds, lots of arguments can be made on both accounts, but it doesn't make Gates or Ellison worth this kind of money. No one on this planet is worth this kind of money, but if they can earn it through selling their products, or have sold their business to someone who is willing to pay billions for it, so be it, the more power to them, this though is not the case, they use their businesses as a platform to enrich themselves by every means possible, in particular use of the investing public..........
Never was the case for Disney.........Risner made a fortune using that enterprise as his own personal piggy bank.
If individuals who invest in their enterprises, and in reality not totally theirs, but each and every shareholder, see their stock hover around the same price for 6 or 7 years, like Msft, or, tanks due in part to their consistent selling and them taking their money to sock it away for their toys, or bigger castles, or just to race one another to see who can accumulate the biggest stash makes it into something other than an investment vehicle.............
if this money was being used to enhance their shareholder value and their products that would be another story but its not. Its more about them...........How many life times over can you spend this kind of money?, where is the incentive to make the company greater, or to grow the employee base, which they could with that kind of money.
The real driving forces in this country are the small businesses, not these conglomerates..............Just give a look at AIG, or FNM, or FM, GM etc can we use the same argument for them and their Ceo's to say they did so much good, everyone now has an SUV, or they got more people into homes, and insured those CDO's to make sure those hedgies, like GS, and banks didn't lose out if things went South.
Things did go South because all of them were the contributors to it............."what was the spin Paulson used?". The taxpayer is now on the hook!........Aig alone $175 billion in a year but yet those CEO's were all making killings in compensation..........In particular Raines former Ceo of Fannie raked in over a hundred million. Not that he earned it, and not that he was paid from the earnings of
Fannie, but it came rather thru the public who invested who thought it was such a wonderfully run enterprise.
Money can move around in mili-seconds around the world. The same argument can be made for cell phones and text messaging.
Then what your saying is that 1% of America's wealthiest who controls 90% of America's wealth should be looked to by the rest us for our wellbeing?
You hit the nail on the head...........the wise should not buy their stock with the rules and laws that are in place today.........through a mutual fund, or individually. If any would receive a top payday of $2m a year this would be like hitting the lotto for most of us...........if they want more they can sell the business to the highest bidder, and then those controlling shares remain restricted with the buyer. I don't fault those who go it alone and sell their products who become self made millionaires, but I do have a problem with those who are given a license to steal, and the seal of approval by Congress.........but when they fail they come running to the taxpayer for a handout with all the wealth they've accumulated for themselves..........Gates or Ellison would either do the same, or then try and sell, or head to a bankruptcy court with all its protection, the kind of protection you or I would not receive.
Who cares what they do in India, or for that matter China. Our concern should be what is going on in the US., and if any of their companies want to come public here, same rules apply, and if they raise money from US citizens there should be no bounderies of so called outside jurisdiction. The FBI should be given the authority to come after them without foreign govts running interference for them, but rather arrest them, hold them then extradite them. If they cannot adhere to these rules of law, they shouldn't be able to come public here, and operate from abroad without the same consequences as any US based company. Its a recipe for corruption otherwise.............these companies founders operate like the mob only legally, and Congress is so far up their behinds its sickening.
If Ellison is worth this kind of money, and if you became an employee at Oracle, you should be able to earn at the very least $150k annually as a bottom wage earner there........would that sound about right?
No person on this planet is worth this kind of money, the only way he has been able to get this kind of money is from selling stock. The only other means would be if he sold the company..........his comp was an error, he's right up there with Gates..........one of the main culprits of the corruption we have all witnessed in the market begins within these corporations..........The stock they are issued when a company becomes public should remain restricted. No additonal shares should ever be issued for compensation, which is usually top mgmt, but with the filings of S-8's are a remedy to pay not only themselves but the bottom wage earners in the company, and then its paid by shareholders, investors, new or old alike.
If they cannot make it on the revenues the company generates why are they in business?..........what makes them so much better than private entities who work for their paychecks?.
Shareholder's should have a voice even in these matters. Until someone creates space travel, finds a cure for cancer, or creates the fountain of youth and health, no one is worth 1375x more than the President of the US who has the weight of this country and the world on his shoulders, not to mention the time he has to put in or should with his every waking hour..............n4 this is completely nuts, and I'm not just singling Ellison out, Gates and others like him, Hedgefund mgrs who operate off shore and outside of US jurisdiction was made this way by design.........the biggest crooks on the planet.
http://finance.yahoo.com/tech-ticker/article/306108/The-Rich-Get-Richer%3A-Top-CEO-Pay-Up-While-Stocks-Tumble
Larry Ellison’s yacht
http://gadgets.fosfor.se/rising-sun-larry-ellisons-yacht/
Corporate Jets, Castles, etc etc. and like Larry he never had to sell Oracle to get any of it. He was never salaried from the revenues the company generates from its products. He, like Gates only has to be issued stock, and stock options from the treasury of the company, and stockholders will take care of the rest. Who ultimately has control of what he receives in comp, and the treasury?........lets see....mmmmmmmm The Board Members maybe?..........
Kinda like what we have seen with Henry Paulson who only had to ask for the key to vault by spinning his BS before the Senate Banking Committee. Not only did they give him a key to the vault but the authority to crank up those printing presses.
Lawrence J. Ellison
Chief Executive Officer
Oracle Corporation
Computer Software
In 2008, Lawrence J. Ellison raked in $84,598,700 in total compensation.*
Where did we hear that shareholders will have a voice with proxy?.......Where did we hear that people like this will not be able to rake in more than 100x's than the hourly bottom paid employee's of these corporations?
Yes! Business as usual!
So much for the way Wall Street does business. "Where did I hear when we get to Washington, we're going shake up Wall Street, and the way corporations do business". "Lobbyist better stay out of Washington". Yeah!, like a dozen or so who are in key positions who are former employee's of Goldman Sachs, like Tom Daschle who was as close to the White House as one can get, but forgot to pay taxes, and who gained $5m in lobbyist fee's since he's been out of office, and his adoring wife who was a big-time lobbyist during his entire "career" 'CAREER' as a Senator, which should be 1 term, and even 6 years sounds to long. Whether its Congressmen who are in the service of Lobbyist for Northrop Grumman, or Level 3 who had/have contracts worth billions, or Cheney's baby, Haliburton, or the host of others who got in on a political war for profit, at a huge cost of American lives, and a trillion + to the US taxpayer, and this doesn't even cover the losses of tanks, vehicles, and aircraft, and after its all said and done who were and who will be the beneficiaries?, is it suppose to be us, Israel?. Whether its an American Embassy built in Iraq, or oil contracts, or the govt setting up house, its gonna be a long long time before we stop hearing about Iraq. There's just to much money to be made off the US govt, and if they can just curb the insurgent attacks, clearing the way for everybody that wants to get into this lucrative enterprise and licking their lips for that glorious day, the only insurgents will be them.
Kind like the insurgents who were able to take down this economy, and the perpetrators who were able to use such a distraction for their benefit and cause world-wide markets to melt down as they sold everything plausible to profit. Its been going on in a big way since 911. Who were, who are, and who will be the "real", beneficiaries of it all?. The politicians, Corporations, and Wall Street, and Offshore Hedgies. "Business as Usual".
Lawrence J. Ellison
Chief Executive Officer
Oracle Corporation
Computer Software
In 2008, Lawrence J. Ellison raked in $84,598,700 in total compensation.*
How is this possible, how do they know?. 52,000 is an astronmical amount of accounts. If these are viewed, nor the names given and no IRS accountant viewing them who is to say, maybe Skilling, Lay, Kozloski, its there for some reason isn't it?..........Maybe there's a few elected officials, and I say this conservatively, whose names the govt doesn't want mentioned, like the Bush's, and Cheney's among others..........Clinton's, and Gore's, and maybe some small account of Madoff's under a coded number. Until its all disclosed its all BS. This is roughly only 5%. Must be some they want to protect huh?.......as if this would be anyting new.
http://finance.yahoo.com/news/Bank-agreement-expected-to-apf-2378975196.html?x=0&sec=topStories&pos=2&asset=&ccode=
Its being given a lottery without having to buy a ticket.
These bailouts were little more than an excuse of a Bush reward for all the crooks who looted all they could, a trillion is not to small a figure, and Bush/Cheney/ Greenspan/Paulson/Cox and the Congress in turn gets rewarded for having rewarded them with their free market. 10,000 hedgies operate offshore in the Caymans, GS being one, and over 600 in the US, and these guys control half of the US market, and half of the London exchange, and it doesn't stop there. Many have their networks are in the US but operate offshore "outside" US jurisdiction. Its very lucrative, and corrupted, and the rules for it all have been layed out by those who tell us they are honorable. Its all fixed, and its to protect them from the very system that works for the most part against the rest of us, and always has, and I guess always will as long as there are career politicians who are in the service lobbyist, and the lot. IMO both parties need to be tossed out on their ears.
This is just as nuts don't ya think?..........He will not be entitled to severance pay should he leave for any reason.
Who needs a severance pkg having received $7m +. It takes the avg American to earn a million or so for their entire working life. After the home is paid, and a lifetime of taxes paid from this on both the Federal and State levels, with additional property taxes paid from the same money, how much is left?. How many get to retire from their jobs with a pension of real value when jobs are gone forever from this meltdown?. How many of us could live like kings from a $7m + comp pkg for one year of work.........our money problems at the very least would be solved.
Its a 2 tier system, one for all of them, the other for the rest of us. Wall Street with all its hedgefunds floating offshore, and its corruption, DC with its crooked politicians, and the Corporate crooks, and all its corruption and paid lobbyist who for the most part run the halls of congress, and the White House............1% of America's wealthiest control 90% of its wealth, more wealth than 90% of America's wealth combined, 9% are the very rich but haven't yet reached this status.
NEW CEO'S SALARY
$3m PAID BY THE TAXPAYERS
$4m PAID BY STOCK HOLDERS "But", in all likelyhood it will be much more than this.
This is the shake up the Obama Admin was talking about?. It was understood that any public company would now have to get salaries passed by agreement through proxy from the stockholders. In particular those who have been bailed out by taxpayers should be at the top of the list.
Go figure just the $7m for a ?????????? 40hr work week or 160hr monthly or 1920 hours annually which in itself overextending their hours, so his paid hourly rate will be $3,645.00...........but again will probably be much much more.
This is a 100x more for what the avg earner makes in the US $36 an hour????? the Obama proposal.........In reality its more like $15 per hour...........with the economy being what it is??????
AIG CEO Benmosche to receive $7 million annual salary, could get millions more in incentives
By Stevenson Jacobs, AP Business Writer
On Tuesday August 18, 2009, 6:41 am EDT
NEW YORK (AP) -- American International Group Inc.'s new CEO will be paid a yearly salary worth $7 million and could "earn" millions more in performance-based incentives, the bailed-out insurance giant said Monday.
Robert Benmosche will receive $3 million in cash and $4 million in stock under his annual compensation package, AIG said in a filing with the Securities and Exchange Commission.
Benmosche will also be eligible for a yearly performance-based bonus of up to $3.5 million in stock, the company said. AIG said the amount of Benmosche's bonus will be decided by AIG's compensation committee and will be subject to restrictions under the government's Troubled Asset Relief Program. He will not be entitled to severance pay should he leave for any reason.
The company said the government's new federal pay czar, Kenneth Feinberg, has agreed in principle to Benmosche's pay package. Seven firms, including AIG, were required to submit compensation plans for top earners to Feinberg's office last week.
Treasury spokesman Andrew Williams said Benmosche's pay package "will be formally approved as part of the broader review" of compensation at bailed-out companies.
During the credit crisis last fall, the government rescued AIG from the brink of collapse with a bailout package worth up to $182.5 billion. The government now owns roughly 80 percent of the huge insurer. AIG is now shedding assets and cutting costs as it restructures.
Benmosche, a former MetLife Inc. chairman and CEO, was named president and CEO of AIG on Aug. 3. He replaced CEO Edward Liddy, former CEO of Allstate Corp., who took over last fall after the government rescued the New York-based insurer.
Liddy, who agreed to run the company for an annual salary of $1, refused an equity grant he was expected to receive as compensation.
The Last Resort
Silence of the Lambs............http://www.foxnews.com/video2/video08.html?maven_referralObject=3833532&maven_referralPlaylistId=&sRevUrl=http://www.foxnews.com/glennbeck/index.html
1. Washington/Federal Govt and all the agencies that represents it, and us as a nation.
2.Wall Street and all the Chairmen who head each of its exchanges who are hired to make sure our markets operate with integrity, and the slew of agencies to include the FBI, overseer's who are hired and put in place, ie;, just one, the DTCC who works behind the curtains of NYSE so to speak to insure there are no more shares trading for any given company thats been reported to the investing public, and all of the agenices are at their disposal to insure the credibility of trading, and who are to seekout and prosecute "any", and "all" fraudent activity.
3. American Public Corporations whose very existence is owed to the American workers, and the American investing public who are to operate within the confines of the Laws, and Rules that they are subjected to, and its their fudiciary duty insure that they can be trusted with working peoples money, and retirements who make it possible for them to raise capital, and to grow, and establish labor based employee's, and in turn the leaders of these companies should earn relevant salaries based on these reponsiblities, top, middle, and lower mgmt, and the companies performance, and by the same merit shared by the employee's, and the companies stockholders.
The question now?........Where is this big shakeout and the promises Obama told Wall Street, the Lobbyist, and the Corporate crooks, that they won't be conducting business as usual?..........Where is this big reformation from these archaic practices that result in some form of meltdown every few years from those who control the market(s), extrapolating untold sums of wealth from the the American people each and everytime...........In the past it was called the Great Depression, since then its be labled as "market corrections", the kind of claims Hedgefunds make, "the reasons why shorting needs to remain in place is to keep stock prices from getting ahead of their true value" A practice that charts their course every trading day..............if this be the case then why the corrections????????????????? It wouldn't be due to profit taking would it???????> Their profit, everyone elses losses!
Dilution of a companies stock should never be a result caused by key executives enriching themselves, with stock/stock options. Whoever the insiders, and who are directly involved with ownership, Founder/Ceo, Board Members, and any key executives who owned shares prior to its IPO date, "should remain restricted till the sale of the business", and never be allowed to be issued more from the company, preferred/common or options, or exchanged for cash. They need to earn their keep, and the trust of their employee's, and all who invest with them. "If they believe in what they are doing, and in their accomplishments of where they are leading the companies, and are willing to risk their "earned" money like everyone else who buys the companies stock on the open market based on their public releases can buy additional stock on the market along with the public".
10,000,000,000 x .0001 = $1,000,000.
This is what Bermans sees.................He is running scam after scam, and when he thought he could get his dirty hands on a little govt money he jumped at it, recreating this BS company again.
If he can sell the certs he got printed, and this is one of many new symbols, its all in a days work for him. Its as good as fraudulently cashing convenient checks belonging to other people, and blatantly getting away with it.
Wherever the stock is trading at he can sell well below market, 50% plus is irrelevant to him, its all about the money he can rake in for himself. The downside threat of his buddies losing money is small because the MM has control, and he can stack the trades anyway he chooses, and it will always be to their advantage...............It was just months ago that several brokers to include Etrade, and GS got hit with fines totalling over $70m, Etrade got hit with about $36m of it for front running...............
Berman can use any back alley broker he chooses to do his dirty deeds, its all about the money, and no one would buy this toilet paper unless they knew this in advance. Berman is known to sell the certs of his ac-creditors, and this gives him the control of making sure they profit...............its beyond corruption.
When an ac-creditor tells me he never saw any shares due to Berman signing a letter of debt agreement indicates he did in fact sell shares to cover the debt. The reason why he landed in Bankruptcy Court was for these very reasons.
He took that money and supposedly used it to acquire that other company and the 68 or so mining claims, claims which had to be nothing more than a farce. The plot was to do another 504 with a limited number of shares, and do again what he did to shareholders in Russell...................
One or the other plan was to be hatched..................he either told the prior ac-creditors he could make them yet even more money, or he just blew them off keeping the money in the hope of raking in enough to pay off the debt of the 3 ac-creditors in this newly acquired "symbol" Aumc thru a new 504. I can't remember the exact amount, but I'm thinking it was $35k each...........The arrogance of this con really believed he "could" pull it off********again!!!!.........and do it in the face of Ihubbers...........
His reasoning for the 504 to the SEC was to get money he thought was owed to him for the purchase through the investing public, but declaring the company was solely his, just like he told shareholders of Russell, and both were his alone, he would do what he wanted to do, and the shareholders were not stakeholders, but were rather along for the ride, a one way ride, like he did to all past shareholders from past symbols, and reverse/splits.
His BS plan didn't pan out, and as opposed to coughing up the money to those he was indebted to, money he siphoned out(stole) from the retailers(Ihubbers) that he promised he would use toward operations, he settled by giving the 3 accreditors the company whose symbol was Aumc if I remember. What all developed from here is anyone's guess?, other than Joe C.( 1 of 3 accreditors) who was given the shell in settlement used it to form another pink-sheet company.
Bottom line is that pink-sheets, and I can add the entire OTC market is full of crooks just like him. Berman is the poster boy!!! who is totally morally bankrupt, a liar, cheat, con, is fair description. He doesn't have one red cent of his own money in this companies "symbol", it belongs to all the shareholders he has screwed............like all cons, he needs to face the reality of bars to get him back on his toes.
This is the market where CDS insurance was and is formed, a market thats utilized by the senior crooks, and frauds, and if it were anything else this kind of activitiy would definitely not be happening in the most shady of places hidden from public view..................not anymore!!!!!!!! its kind of hard to hide $440b dollars of debt insurance Aig acquired, when everyone is coming to collect on their bets. It unfathomable that this activity can exist at all??????.........its kind like having the ability to buy insurance against gamblers who are set up to lose.
As of May 8, 2009, the following shares of the Registrant's common stock were outstanding: 57,331,248
Ticketmaster and Priceline.com Announce Exclusive New Travel Partnership
Ticketmaster, a Ticketmaster Entertainment, Inc., (NASDAQ:TKTM) operating business, and priceline.com (NASDAQ: PCLN) today announced a partnership that establishes priceline.com as the ‘Official Travel Partner’ of Ticketmaster.com. Under the terms of the new alliance, fans using Ticketmaster.com will gain access to priceline.com’s suite of travel services, including specially tailored hotel, airline, and rental car offers to accompany their live event ticket purchases.
Beginning this month, the integrated new digital platform will provide convenient links and offers to priceline.com’s global array of published-price and Name Your Own Price® hotel rooms, rental cars and airline tickets to the millions of live entertainment fans using Ticketmaster.com.
“Roughly 20-30 percent of tickets purchased on Ticketmaster.com are for events outside of the fan’s home market so providing a convenient conduit to affordable travel information and solutions will bring a tremendous new convenience that will enhance the entire event experience,“ said Eric Korman, President of Ticketmaster.
“We are very excited to partner with Ticketmaster and offer their customers our complete suite of travel services,” said Paul Hennessy, priceline.com’s Chief Distribution Officer. “On many levels, priceline.com is ideally suited to fulfill the global travel needs of event goers. For those who need specific travel arrangements or travel brands, priceline.com offers published-price travel services with comparison charts, maps, city attractions and hotel and restaurant reviews from other priceline.com customers and Zagat Survey, LLC. Travelers on a budget can save big by using priceline.com’s Name Your Own Price® travel services. And, as always, priceline.com delivers top quality travel services.”
“We are thrilled to welcome priceline.com to our growing network of premier ‘beyond the ticket’ brands as our official sponsor in the travel category,” said Greg Consiglio, Ticketmaster Senior Vice President of Business Development. “In securing this strategic business alliance with priceline.com, we’ve further demonstrated Ticketmaster’s ability to leverage our leading and established online consumer ticketing and event information platform to drive marketing programs for strategic partners.”
Terms of the deal were not disclosed.
About Ticketmaster Entertainment, Inc.
Ticketmaster Entertainment consists of Ticketmaster and Front Line Management Group. As the world’s leading live entertainment ticketing and marketing company, Ticketmaster connects the world to live entertainment. Ticketmaster operates in 20 global markets, providing ticket sales, ticket resale services, marketing and distribution through www.ticketmaster.com, one of the largest e-commerce sites on the Internet; approximately 7,100 retail outlets; and 17 worldwide call centers. Established in 1976, Ticketmaster serves more than 10,000 clients worldwide across multiple event categories, providing exclusive ticketing services for leading arenas, stadiums, professional sports franchises and leagues, college sports teams, performing arts venues, museums, and theaters. In 2008, the Company sold more than 141 million tickets valued at over $8.9 billion on behalf of its clients. Ticketmaster Entertainment acquired a controlling interest in Front Line Management Group in October 2008. Founded by Irving Azoff and Howard Kaufman in 2004, Front Line Management Group is the world’s leading artist management company. Ticketmaster Entertainment, Inc. is headquartered in West Hollywood, California (NASDAQ:TKTM).
About Priceline.com® Incorporated
Priceline.com Incorporated (Nasdaq: PCLN) www.priceline.com provides online travel services in 28 languages in over 78 countries in Europe, North America, Asia, the Middle East and Africa. Included in the priceline.com family of companies is Booking.com, a leading international online hotel reservation service, priceline.com, a leading U.S. online travel service for value-conscious leisure travelers, and Agoda.com, an Asian online hotel reservation service. Priceline.com believes that Booking.com is Europe’s largest and fastest growing hotel reservation service, with a network of affiliated Web sites. Booking.com operates in over 70 countries in 22 languages and offers its customers access to over 66,000 participating hotels worldwide.
In the U.S., priceline.com gives customers more ways to save on their airline tickets, hotel rooms, rental cars, vacation packages and cruises than any other Internet travel service. In addition to getting great published prices, leisure travelers can narrow their searches using priceline.com’s TripFilter advanced search technology, customize their search activity through priceline.com’s Inside Track features, create packages to save even more money, and take advantage of priceline.com’s famous Name Your Own Price® service, which can deliver the lowest prices available. Priceline.com operates the following travel websites: Travelweb.com, Lowestfare.com, RentalCars.com and BreezeNet.com. Priceline.com also licenses its business model to independent licensees.
TicketsNow Launches 'Fans Up Front' Resale Transparency Initiative
'Fans Up Front' to Redefine Live Event Ticket Resale for Summer's Hottest Tours
ROLLING MEADOWS, Ill., June 16 /PRNewswire/ -- In a move designed to lead change and reshape the live event ticket resale industry, TicketsNow, a Ticketmaster Entertainment (NASDAQ:TKTM) company, today launched its "Fans Up Front" resale transparency initiative. "Fans Up Front" is the first in a series of fan-focused enhancements that will provide fans of live events with an array of new features designed to provide unmatched insights and visibility into resale ticket purchasing.
"We have heard loud and clear from fans that the resale purchase experience is too confusing. With 'Fans Up Front,' we are putting the fans first and making it our goal to bring meaningful positive change to the resale industry," said Eric Korman, President of Ticketmaster, parent company of TicketsNow. "'Fans Up Front' represents the first in a series of efforts planned to improve the buying experience."
"Since our acquisition by Ticketmaster last year, we've been working on our long-term strategy to evolve the resale ticket buying experience, based on what customers are telling us they would like to see," said Shawn Freeman, President of TicketsNow. "'Fans Up Front' is the beginning of this exciting effort."
TicketsNow today is launching two new product offerings as part of "Fans Up Front" to provide ticket pricing and availability information for select major concert series this summer. The new "Fans Up Front" features include:
-- Total Price Transparency - TicketsNow will display the original ticket price ("face value") in addition to resale market prices.
-- Know Before You Buy - TicketsNow lets consumers know whether original price seats are still available on Ticketmaster and provides a direct link.
Additionally, TicketsNow is pleased to continue to provide the following industry-leading features across every event available for sale on their site:
-- Only Available Tickets - TicketsNow is the first resale marketplace to prohibit the listing of tickets before their official sale to the public.
-- Fraud Protection - TicketsNow continues its unconditional 100% guarantee that tickets are authentic and will arrive on time for your event or your money back.
-- Access Every Option - TicketsNow tells consumers how many tickets are available and across what price range so they can choose from all available options.
TicketsNow is also pleased to be able to offer Ticketmaster's TicketFast(R) electronic ticket validation and delivery technology on select tickets, where fans not only have access to convenient and fast electronic delivery of their purchases, but their tickets are also validated and authentically transferred to the new buyer.
The new "Fans Up Front" features will initially be available for select performances on some of the top summer tours. Over the course of the year, and with learnings and feedback from fans, TicketsNow expects to extend the availability of "Fans Up Front" features to an increasing number of live events as well as implement additional enhancements.
"As we get into the busy summer concert season, it's an ideal time to launch this effort and provide fans with an enhanced experience and a new level of transparency," Freeman continued. "It is our sincere hope that others in the industry will follow our lead to reshape the resale ticketing industry into a more transparent experience for everyone."
Ticket Service Nederland, Paradiso and Melkweg Announce Multi-Year Ticketing Extension
AMSTERDAM, June 15 /PRNewswire-FirstCall/ -- Ticket Service Nederland, a Ticketmaster Entertainment, Inc., (NASDAQ:TKTM) operating business, Paradiso corporation and Melkweg corporation today announced a multi-year extension of their more than decade-long ticketing partnership. The agreement extends Ticketmaster's exclusive ticketing for Paradiso and Melkweg (Milkyway) for all Events taking place in these Music Venues. Both multi-purpose Venues are situated in the very centre of Amsterdam and are renowned worldwide for their ambiance supplying the ultimate live Music experience for over 1.000.000 enthusiastic visitors yearly.
Ticketmaster will continue to provide the latest ticketing technology and build upon its seamlessly integrated event ticketing distribution solutions, including: on-site scanning technology to validate bar-coded event tickets; online and offline event marketing and communication tools; and a multitude of new services to help drive ticket sales and enhance the overall entertainment experience for fans.
"The partnership of Ticket Service and Paradiso has been proven state of the art ticketing by physical distribution for a long time. This new step will innovate our e-ticketing strategy to the same level and create the ideal combination of both hard-copy and e-ticketing" said, Pierre Ballings, Director Paradiso.
"Melkweg is glad to be able to renew the relationship with Ticket Service, combining their proven technology with a versatile choice for the public at a competitive cost level" said, Cor Schlosser, Director Melkweg
"We are proud to be the preferred partner of Paradiso and Melkweg for more than 13 years now, still investing in deepening our relationship to Sell More Tickets Better" said, Peter van Ruijven, Sr. General Manager, Ticket Service Nederland.
Farmer Mac Has No Financial Exposure to CIT
WASHINGTON, July 16 /PRNewswire-FirstCall/ -- In response to inquiries regarding recent news reports that CIT Group, Inc.'s discussions with regulators about possible federal assistance had ended, Federal Agricultural Mortgage Corporation (Farmer Mac, NYSE: AGM and AGM.A) today reported that it currently holds no CIT securities in its investment portfolio. The Company reported that, on July 10, it sold its entire position of $35 million principal amount of CIT Group, Inc. bonds to mitigate its risk of loss on those securities.
Farmer Mac further reported that on July 10 it also sold its Fannie Mae Preferred stock holdings realizing a book gain on this transaction, thereby partially off-setting Farmer Mac's loss on its former CIT bond holdings. The net loss realized by Farmer Mac on the two transactions will be included in its third quarter 2009 results and was approximately $1 million.
Farmer Mac is a stockholder-owned instrumentality of the United States chartered by Congress to establish a secondary market for agricultural real estate and rural housing mortgage loans and rural utilities loans and to facilitate capital market funding for USDA-guaranteed farm program and rural development loans. Farmer Mac's Class C non-voting and Class A voting common stocks are listed on the New York Stock Exchange under the symbols AGM and AGM.A, respectively. Additional information about Farmer Mac is available on Farmer Mac's website at http://www.farmermac.com/.
DATASOURCE: Farmer Mac
CONTACT: Mary Waters of Farmer Mac, +1-202-872-7700
Web Site: http://www.farmermac.com/
SENO Top Compensated Officers
Mr. Lloyd H. Malchow
Chairman, Chief Executive Officer and Preside...
Age: 55 Total Annual Compensation: $334.5K
Mr. Paul Lubock
Co-Founder, Chief Technical Officer and Senio...
Age: 53 Total Annual Compensation: $239.3K
Mr. Kevin J. Cousins
Chief Financial Officer, Principal Accounting...
Age: 54 Total Annual Compensation: $228.8K
Mr. John T. Buhler
Chief Commercial Officer and Senior Vice Pres...
Age: 48 Total Annual Compensation: $159.3K
Mr. William F. Gearhart
Vice President of Global Marketing & Corporat...
Age: 61 Total Annual Compensation: $242.2K Executives, Board Directors
Compensation as of Fiscal Year 2008.