DOCSLIB.ORG

Overhaul Medicaid, Spitzer Told

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Overhaul Medicaid, Spitzer Told TOP STORIES SPECIAL ISSUE Slimmer Shearman Annual & Sterling back from hard times Book PAGE 2 ® of Lists 4 proposals to COMING NEXT WEEK create Chinese trade marts face many obstacles VOL. XXII, NO. 51 WWW.NEWYORKBUSINESS.COM DECEMBER 18-24, 2006 PRICE: $3.00 PAGE 2 MAN AND BRAND: The company Tim Zagat The big picture founded almost three decades wants to be a Overhaul on helping the force on the Internet. state’s mentally ill GREG DAVID, PAGE 11 Medicaid, The rewards of in-kind donations; online philanthropy; Spitzer told volunteerism CORPORATE GIVING P. 17 Top adviser targets Megu spreads out maze of spending in spacious spot in midtown, produces centers without three-star meal organized oversight BOB LAPE, PAGE 39 BY GALE SCOTT BUSINESS LIVES governor-elect Eliot Spitzer’s lead health care adviser will recom- mend that the new administration immediately overhaul New York’s $46 billion Medicaid program. Reforming the health insur- ance system for the poor poses an enormous challenge for the in- jennifer chiu coming governor, who takes office LATE-SHOPPING TIPS on Jan.1.The first step is to untan- make within the first 100 days of 10 new stores offer buck ennis gle a maze of departments, agen- his administration.” unique gifts at various cies and divisions that share re- Mr.Tallon lays the groundwork prices PAGE 35 sponsibility for Medicaid, says for centralizing Medicaid’s admin- James Tallon, a former state as- istration in a report to be released Zagat eats up semblyman and member of the this week by the hospital fund, a Spitzer transition team. health care policy nonprofit based AT DEADLINE “This is a call for action,” says in Manhattan. The 58-page Mr. Tallon, president of the Unit- study—the most extensive exami- ELIOT SPITZER’S TOP DEVEL- the competition ed Hospital Fund. “These are nation of its kind—points to a con- OPMENT OFFICIALS will decide changes that the governor can See SPITZER on Page 34 early this week whether to seek a delay in a crucial vote on ing editions for hotels and shop- the Atlantic Yards project.The Huge growth spurt ping. More are sure to come. development is scheduled for a fuels expansion The mood is buoyant at the 27- vote on Wednesday before the year-old company, which has out- Public Authorities Control plans; still working done myriad competitors, most re- Countdown begins Board but could be put off at cently Michelin Guide.The French the request of Assembly on Web strategy firm launched in New York last year Speaker Sheldon Silver, an ally but sold only 150,000 copies, less for city’s retailers of Mr. Spitzer.The governor- BY LISA FICKENSCHER than a quarter of the Zagat eatery elect’s appointees to the guides sold in this city alone. Christmas in New York has a lot Empire State Development are zagat surveys in China and A $31 million investment,made Warm temps help going for it this year. Warmer Corp.—Co-Chairman Patrick India around the corner? Are in 2000, helped Zagat to signifi- some stores, but hit weather held off the snowstorms Foye and President Avi sports car rankings in the works? cantly expand its operations and that interrupted holiday shopping Schick—are rushing to “We’ll probably do those earning power.In the past five years, apparel sellers hard last year,and there’s no hint of a re- familiarize themselves with things,” says Tim Zagat, co- revenue has more than doubled, play of the subway strike that par- Forest City Ratner Co.’s. founder and chief executive of the Mr. Zagat says.Those revenues are alyzed the city for three critical $4.2 billion development. publishing company most famous estimated to be more than $50 mil- BY ELISABETH BUTLER days last December. Tourists flush for its restaurant ratings books. lion, according to InfoUSA.com. with euros are also flooding shops DENNIS RIVERA, THE POWERFUL In fact, just about any topic or Staff has also grown, to 120 full- new york retailers are enjoying here, pushing up sales of electron- HEAD of health care workers location is on the table at Zagat timers, necessitating the lease of a a brighter Christmas shop- ics, bath and body products union 1199 SEIU, is expected Survey these days. The company’s second floor at company headquar- ping season than others and home goods. See AT DEADLINE on Page 2 signature burgundy restaurant ters, at 4 Columbus Circle. around the country. “Tourism trade just guide now has five siblings,includ- Zagat’s business with corporate Following a strong per- 6%INCREASE drives traffic,”says Marshal in foot traffic partners, which buy thousands of formance in November, in New York Cohen, chief analyst at books as promotional giveaways, stores have had 6% more stores so far NPD Group. has mushroomed. Sales of its $25 foot traffic so far in De- in December However, the balmy annual online subscription service, cember than last year, ac- weather has wrecked holi- which gives users access to reviews, cording to trend-tracking firm day sales plans for some apparel re- have tripled since 2001.In fact,less NPD Group. That contrasts with tailers. With temperatures in the ELECTRONIC EDITION than 25% of sales now come from an 11% decline nationwide for the mid-50s and forecasters not pre- See ZAGAT EATS on Page 34same period. See COUNTDOWN on Page 33 NEWSPAPER AT DEADLINE Continued from Page 1 J&R Music World Tuesday as to be named to a new position the store tries to attract classical charged with organizing music fans who previously hospitals and nursing homes shopped at Tower Records. nationwide. Mr. Rivera has built Rachelle Friedman, a co-owner 1199 into a potent force with a of J&R, says she doesn’t usually winning combination of schedule in-store events during political clout and a tight the busy week before Christmas, partnership with hospital but she wants to win some of management. He would the business left behind by the continue to be based in New recent closing of Tower’s York and retain his title of Greenwich Village store. president of 1199, but would leave more of the daily HEMSCOTT GROUP LTD. AND operations to David Gresham, I-DEAL are expected to announce secretary-treasurer. today that they merged to create Ipreo. The new company, based NATIONAL FAST-FOOD CHAINS ARE in Manhattan, would combine RELUCTANT to serve as plaintiffs Hemscott’s data analysis in a potential lawsuit against the products for financial services city over a health department firms and i-Deal’s back-office rule that requires the posting technology for investment of calorie information on banks. Ipreo would have about JOHN MADDEN says restaurant menus. But they are $100 million in revenue. Private Shearman & Sterling asking local franchisees to file equity firm Veronis Suhler probably had more lawyers suits, according to industry Stevenson is the likely majority than it needed. He favors a insiders. owner of Ipreo, with Citibank “targeted approach.” and Merrill Lynch becoming HOTEL INVENTORY IN NEW YORK minority investors. Also, Ipreo buck ennis CITY WILL SOAR next year upon is expected to announce the the opening of 29 hotels and acquisition of Marketpipe, a the addition of 4,157 rooms, U.K.-based financial services according to new data from tech firm. Poaching survivor hospitality experts at PKF Consulting. Twice as many THE MYSTERIOUS DEATH OF rooms will be added in 2007 as FORMER KGB AGENT Alexander were this year. Based on an Litvinenko will be the subject of Shearman & Sterling climbs back from tough times industry standard of one a book by Alan Cowell, London employee per room, the new bureau chief for The New York hotels will add about 4,000 jobs Times. Doubleday Broadway BY HILARY POTKEWITZ citywide. bought rights to Sasha’s Story: The Life and Death of a Russian over the past four years, legal recruiters prowling for talent knew they had a good shot at FAMED CONDUCTOR DANIEL Spy, which will explore the plucking personnel from Shearman & Sterling. BARENBOIM will appear at possible role of Russian A raft of lawyers left for competing firms: Partners in the antitrust, investment ■ downtown electronics retailer President Vladimir Putin. management, employment, intellectual property and tax practices exited, in some cases taking other Shearman attorneys with them.Two managing partners departed for vice chairman posts CORRECTIONS at Wall Street investment banks—Stephen Volk to Credit Suisse First Boston and David Robert Descenza is an executive vice president at Thornton-Tomasetti. His title was misstated Heleniak to Morgan Stanley, both firm clients.The head count in the New York office in the Dec. 4 article “Timing is everything” in the real estate report. Jacky Teplitzky’s last name was misspelled in the Dec. 11 “Business Lives” story on visas. dropped to 430 lawyers last year, down from 545 lawyers in 2002. “For a while, they were viewed as a target,” says Jonathan Lindsey, managing partner at legal recruiter Major Hagen & Africa. “People thought they were having problems, and their See SHEARMAN on Page 31 THIS WEEK IN CRAIN’S NEIGHBORHOOD JOURNAL----------------------------------------------8 THE WEEKS AHEAD --------------------9 One-stop Chinese shopping GREG DAVID ------------------------------------11 could help Chinese manufacturers Four trade marts MART SMARTS A status report on the THE INSIDER------------------------------------12 four proposed Chinese trade marts in navigate the complexities of U.S. for overseas firms various stages of development PAGE 34 customs and connect with retailers REAL ESTATE DEALS--------------13 and distributors. The centers could in development; also facilitate transactions for U.S. 37 WEEK IN REVIEW -----------------------14 many obstacles four proposed projects designed to buyers who don’t have the resources SMALL BUSINESS ------------------- 15 bring Chinese companies together to go to China and U.S.
Load more

Recommended publications
  • The Honorable Eliot Spitzer State Capitol Albany, NY 12224 Antonia
    The Honorable Eliot Spitzer State Capitol Albany, NY 12224 Antonia C. Novello, M.D., M.P.H., Dr. P.H. New York State Commissioner of Health New York State Department of Health Corning Tower Empire State Plaza Albany, NY 12237 Dear Governor-elect Spitzer and Commissioner Novello: We write on behalf of the memberships of four committees of the New York City Bar Association -- Corrections, Health Law, Mental Health Law, and Social Welfare Law -- to urge New York State to cease its current practice of terminating Medicaid eligibility for individuals incarcerated in state and local correctional facilities. We urge the State instead to suspend Medicaid eligibility. Suspension will allow incarcerated Medicaid beneficiaries to receive needed benefits promptly upon release, thereby promoting continuity of care. Under the present system, formerly eligible individuals must reapply for Medicaid upon their release from correctional facilities. This process typically results in a significant delay in these individuals’ ability to access needed care in their communities. Members of this population already are at high risk for physical and mental illnesses, including substance addiction. Additionally, many releasees have serious chronic conditions for which they received care while in prison. It is imperative that they receive swift access to adequate and affordable medical care upon release. Failure to receive such assistance can hinder their ability to become productive members of the community, and in fact, may threaten the safety and well-being of the communities to which formerly incarcerated individuals return. Moreover, while awaiting the reinstatement of Medicaid coverage, formerly incarcerated individuals frequently turn to emergency rooms and other costly forms of care for assistance.
    [Show full text]
  • Fairytale of New York: Hudson Yards
    September 29th, 2017 Fairytale of New York: Hudson Yards At three times the size of the Rockefeller Center, when it is fully built out, some time around 2040, more than 27m sq ft of new class-A office space, 20m sq ft of new housing, 3m sq ft of hotels and 2m sq ft of retail will have been delivered by developers that include Related Companies, Oxford Properties, Brookfield and Tishman Speyer. Millions of square feet of space have already been completed and leased to blue-chip occupiers, and further significant deals are rumoured to be on the cards. No wonder the Hudson Yards district is one of the hottest property markets in New York City at the moment. So how did a development of this scale and ambition come about, who is doing what in the district and where is Hudson Yards’ new office occupier base being drawn from? Historically the Hudson Yards district consisted of warehousing and industrial space alongside the Manhattan waterfront. The area primarily acted as a rail hub that was fed 747 Third Avenue, Floor 18 New York, NY 10017 212.889.0808 [email protected] marinopr.com by the High Line - which closed years ago and has over the past decade been converted into green public spaces - as well as the Long Island Rail Road. But that all started to change when New York mayor Michael Bloomberg came to power in the early 2000s. “He noted that the average age of commercial office property in Manhattan was north of 75 years and with that in mind, he said, quite correctly, if we’re going to attract the best and brightest in the TAMI [technology, advertising, media and information] sectors, we’ve got to have some new product,” says Bruce Mosler, chairman of global brokerage at Cushman & Wakefield.
    [Show full text]
  • New York University Bulletin
    New York University Bulletin Steinhardt School of Culture, Education and Human Development New York University Washington Square New York, New York 10003 NOTICES About this Bulletin The policies, requirements, course offerings, schedules, activities, tuition, fees, and calendar of the school and its departments and programs set forth in this bulletin are subject to change without notice at any time at the sole discretion of the administration. Such changes may be of any nature, including, but not limited to, the elimination of the school or college, programs, classes, or activities; the relocation of or modification of the content of any of the foregoing; and the cancellation of scheduled classes or other academic activities. Payment of tuition or attendance at any classes shall constitute a student’s acceptance of the administration ‘s rights as set forth herein. Fieldwork Placement Advisory Be advised that fieldwork placement facilities that provide training required for your program degree, and agencies that issue licenses for practice in your field of study, each may require you to undergo general and criminal background checks, the results of which the facility or agency must find accept able before it will allow you to train at its facility or issue you a license. You should inform yourself of offenses or other facts that may prevent you from obtaining a license to practice in your field of study. NYU Steinhardt will not be responsible if you are unable to complete program requirements or cannot obtain a license to practice in your field because of the results of such background checks. Some fieldwork placement facilities in your field of study may not be available to you in some states due to local legal prohibitions.
    [Show full text]
  • What Are You Going to Do About It? Ethics and Corruption Issues in The
    What Are You Going to Do About It? Ethics and Corruption Issues in the New York State Constitution By Bennett Liebman Government Lawyer in Residence “What Are You Going to Do About It?” Ethics and Corruption Issues in the New York State Constitution By Bennett Liebman Government Lawyer in Residence Government Law Center Albany Law School Edited by Andrew Ayers and Michele Monforte April 2017 Cover image: “The Prevailing Candidate, or the Election carried by Bribery and the Devil,” attributed to William Hogarth, circa 1722. It depicts a candidate for office (with a devil hovering above him) slipping a purse into a voter’s pocket, while the voter’s wife, standing in the doorway, listens to a clergyman who assures her that bribery is no sin. Two boys point to the transaction, condemning it. Image courtesy of the N.Y. Public Library. Explanation of the image is drawn from the Yale Library; see http://images.library.yale.edu/walpoleweb/oneitem.asp?imageId= lwlpr22449. CONTENTS I. Introduction ....................................................................... 3 II. Ethics Provisions in the State Constitution ........ 5 A. Extant Ethics Provisions in the Constitution .............. 5 B. Banking and Ethics ....................................................... 6 C. The Canal System and Ethics ..................................... 11 D. Bribery and Ethics....................................................... 15 E. Free Passes, Rebates, and Ethics ............................... 23 III. Restrictions on the Authority of the State Legislature
    [Show full text]
  • Former Enron Vice President Sherron Watkins on the Enron Collapse
    UC Irvine UC Irvine Previously Published Works Title Former Enron vice president Sherron Watkins on the Enron collapse Permalink https://escholarship.org/uc/item/9pb4r7nj Journal Academy of Management Executive, 17(4) ISSN 1079-5545 Author Pearce, JL Publication Date 2003 DOI 10.5465/ame.2003.11851888 License https://creativecommons.org/licenses/by/4.0/ 4.0 Peer reviewed eScholarship.org Powered by the California Digital Library University of California ? Academy of Management Executive, 2003, Vol. 17, No. 4 Former Enron vice president Sherron Watkins on the Enron collapse Academy Address, August 3, 2003, by Sherron Watkins Introduction to the address by Academy President Jone L. Pearce It is my pleasure to introduce Sherron Watkins, the Academy of Management's 2003 Distinguished Executive Speaker. By now, her story as the former vice president of Enron Corporation who tried to bring what she called "an elaborate accounting hoax" to the attention of Enron's chief executive officer is well known. In August 2001, responding to his invitation to employees to put any concerns in a comment box, she did so. When he did not address her explosive charges at a subsequent company-wide meeting, she sought a face-to-face meeting with him. A month later the CEO announced to employees that "our financial liquidity has never been stronger," while exercising his own $1.5 billion in stock options, just ahead of the company's announcement of a $618 million quarterly loss. When United States Congressional investigators uncovered her letter buried in boxes of documents, they brought Ms. Watkins before the United States Senate in February 2002 to testify about her warnings.
    [Show full text]
  • FORM 10−K CITIGROUP INC − C Filed: February 24, 2006 (Period: December 31, 2005)
    FORM 10−K CITIGROUP INC − C Filed: February 24, 2006 (period: December 31, 2005) Annual report which provides a comprehensive overview of the company for the past year Table of Contents Part I Signatures EXHIBIT INDEX EX−10.01.2 (Material contracts) EX−10.01.4 (Material contracts) EX−10.04.1 (Material contracts) EX−10.22.7 (Material contracts) EX−10.28.1 (Material contracts) EX−12.01 (Statement regarding computation of ratios) EX−12.02 (Statement regarding computation of ratios) EX−21.01 (Subsidiaries of the registrant) EX−23.01 (Consents of experts and counsel) EX−24.01 (Power of attorney) EX−31.01 EX−31.02 EX−32.01 EX−99.01 (Exhibits not specifically designated by another number and by investment companies) EX−99.02 (Exhibits not specifically designated by another number and by investment companies) QuickLinks −− Click here to rapidly navigate through this document FINANCIAL INFORMATION THE COMPANY 2 Citigroup Segments and Products 2 Citigroup Regions 2 CITIGROUP INC. AND SUBSIDIARIES FIVE−YEAR SUMMARY OF SELECTED FINANCIAL DATA 3 MANAGEMENT'S DISCUSSION AND ANALYSIS 4 2005 in Summary 4 Events in 2005 7 Events in 2004 11 Events in 2003 12 SIGNIFICANT ACCOUNTING POLICIES AND SIGNIFICANT ESTIMATES 13 SEGMENT, PRODUCT AND REGIONAL NET INCOME 16 Citigroup Net Income—Product View 16 Citigroup Net Income—Regional View 17 Selected Revenue and Expense Items 18 GLOBAL CONSUMER 19 U.S. Consumer 20 U.S. Cards 21 U.S. Retail Distribution 23 U.S. Consumer Lending 25 U.S. Commercial Business 27 U.S. Consumer Outlook 29 International Consumer 30 International
    [Show full text]
  • 2012 Canvass Book
    MONROE COUNTY BOARD OF ELECTIONS 39 WEST MAIN STREET ROCHESTER, NEW YORK 14614 (585) 753-1550 TTD# 753-1544 PETER M. QUINN THOMAS F. FERRARESE COMMISSIONER COMMISSIONER DOUGLAS E. FRENCH COLLEEN ANDERSON DEPUTY COMMISSIONER DEPUTY COMMISSIONER OFFICIAL CANVASS OF THE BOARD OF CANVASSERS OF THE COUNTY OF MONROE www.monroecounty.gov/elections IN RELATION TO THE VOTES GIVEN AT THE VILLAGE ELECTIONS HELD ON THE TWENTIETH DAY OF MARCH, AND THE NINETEENTH DAY OF JUNE, THE PRESIDENTIAL PRIMARY ELECTION HELD ON THE TWENTY FOURTH DAY OF APRIL, THE FEDERAL PRIMARY ELECTION HELD ON THE TWENTY SIXTH DAY OF JUNE, THE STATE AND LOCAL PRIMARY ELECTION HELD ON THE THIRTEENTH DAY OF SEPTEMBER AND THE GENERAL ELECTION HELD IN SAID COUNTY ON THE SIXTH DAY OF NOVEMBER 2012 We, Peter M. Quinn and Thomas F. Ferrarese, Board of Elections of the County of Monroe, having canvassed the votes cast at the following elections, do hereby certify that the candidates listed below received the votes set opposite their names: CANVASS OF VILLAGE ELECTION RESULTS March 20, 2012 SCOTTSVILLE VILLAGE TRUSTEE – 4 YEAR TERM Traditional Village, Richard W. Clark ....................................................................................... 20 Votes Working For Scottsville, James M. Clark .................................................................................. 21 Votes June 19, 2012 BROCKPORT VILLAGE TRUSTEE Revitalize Brockport, Margay Blackman ................................................................................. 571 Votes Revitalize Brockport,
    [Show full text]
  • Desperately Seeking Solutions: Using Implementation-Based Solutions for the Troubles of Information Privacy in the Age of Data Mining and the Internet Society
    Maine Law Review Volume 56 Number 1 SYMPOSIUM: Topics in Law and Article 3 Technology January 2004 Desperately Seeking Solutions: Using Implementation-Based Solutions for the Troubles of Information Privacy in the Age of Data Mining and the Internet Society Tal Z. Zarsky Follow this and additional works at: https://digitalcommons.mainelaw.maine.edu/mlr Part of the Computer Law Commons, Internet Law Commons, and the Privacy Law Commons Recommended Citation Tal Z. Zarsky, Desperately Seeking Solutions: Using Implementation-Based Solutions for the Troubles of Information Privacy in the Age of Data Mining and the Internet Society, 56 Me. L. Rev. 13 (2004). Available at: https://digitalcommons.mainelaw.maine.edu/mlr/vol56/iss1/3 This Article is brought to you for free and open access by the Journals at University of Maine School of Law Digital Commons. It has been accepted for inclusion in Maine Law Review by an authorized editor of University of Maine School of Law Digital Commons. For more information, please contact [email protected]. DESPERATELY SEEKING SOLUTIONS: USING IMPLEMENTATION-BASED SOLUTIONS FOR THE TROUBLES OF INFORMATION PRIVACY IN THE AGE OF DATA MINING AND THE INTERNET SOCIETY Tal Z. Zarsky INTRODUCTION I. SOLUTIONS AND THE INFORMATION FLOW A. Collection B. Analysis C. Implementation D. Summing Up II. PREFERRING THE REGULATION OF IMPLEMENTATION TO COLLECTION A. Virtual Babies and Virtual Bathwater 1. Subsidiesfor Startups and the Importance of Innovation 2. CreatingValue B. The "Personal-Information-Based"Transaction 1. Myopia and CorrectiveLenses 2. Collectees vs. Subjects of Manipulation III. DOUBLECLICK, IN.-A PRACTICAL PERSPECTIVE A. Collection B. Analysis C.
    [Show full text]
  • 045-48 Winners & Losers Se FINAL.Indd
    THE CREDIT CRUNCH Who got crunched — and who didn’t A look at where players landed one year after the credit market debacle BY LAUREN ELKIES The Real Deal has chosen to look at some of the year’s biggest winners year ago this month the credit markets erupted, and since and losers. People whose stars have risen or fallen run the gamut from then it has been rough going. While the wheel of fortune al- heads of real estate firms to architects to investors to individual real es- A ways turns — there will forever be some real estate players on tate brokers to politicians. top while others take hits — this year many of the stories appear to be Every tale is instructive, but we decided to hone in on 25 of the most related to credit market woes. notable cases, limiting our scope to firms and entities with direct im- Because it is the anniversary month of the subprime mortgage crisis, pact on the New York City area real estate market. Fortunes on the rise Mortimer Zuckerman, head of real estate investment trust Boston Properties, David Schechtman, senior director of Eastern Consolidated’s turnaround and editor-in-chief of U.S. News & World Report, and chairman and co-publisher of the New distressed group. York Daily News. A former bankruptcy lawyer, and part of perhaps the only — or at In June, Boston Properties beat out other bidders and com- least the most visible — local brokerage company with a dedicat- pleted the acquisition of the General Motors Building from ed group handling smaller distressed loans and real estate deals, Harry Macklowe for approximately $2.8 billion, the high- Schechtman has benefited from a rise in the amount of distressed est price ever paid for a U.S.
    [Show full text]
  • Focused on New York City
    NEWNEW YORKYORK Focused on New York City An Interview with Joseph Moinian, Chief Executive Offi cer, The Moinian Group Moinian’s 605 West 42nd Street development EDITORS’ NOTE Joseph Moinian is a Yet, we cannot let sentiment alone Street Corridor, 235 of which will be affordable New York City-based developer, inves- dictate our actions. With expected pop- housing and will be a major step forward towards tor, and long-term owner of prime real ulation growth in New York, and the accomplishing Mayor de Blasio’s 10 year afford- estate nationwide. He is recognized for booming rental market, we have to ac- able housing plan. The building will also boast pioneering the development of emerg- commodate these changes. We are cur- an immense amenity space totaling to over 40,000 ing neighborhoods in major metropol- rently renovating 60 Madison Avenue in square feet. itan cities across the United States. He Midtown South, particularly for technol- While 605 West 42nd Street represents our cur- is a member of the Board of Governors ogy, media, and other creative fi rms. We rent dedication to housing on the Far West Side, of the Real Estate Board of New York are able to offer space fl exibility and 3 Hudson Boulevard embodies the future of a New and sits on the board of the Skyline modern amenities while keeping true York City offi ce tower. With environmental sustain- Museum. He is also a noted philan- to our signature technique of delicately ability at the forefront of our minds, we have de- thropist who supports the arts, civic or- blending a building’s historic charm signed a 1.8 million-square-foot LEED Platinum offi ce ganizations, and healthcare issues.
    [Show full text]
  • Dell, Vmware, NVIDIA Use Tesla Model to Change Personal Computing Forever 3/25/15, 11:29 AM
    Print Article : Dell, VMware, NVIDIA Use Tesla Model to Change Personal Computing Forever 3/25/15, 11:29 AM URL : http://www.itbusinessedge.com/blogs/unfiltered-opinion/dell-vmware-nvidia-use-tesla-model-to-change-personal-computing- forever.html Print Article Dell, VMware, NVIDIA Use Tesla Model to Change Personal Computing Forever Strangely, I’m suddenly writing more about thin client computing this year than I did when thin client computing was the poster child of Oracle and Sun’s diabolical plan to take over the desktop, almost two decades ago. Their strategy was flawed, however, because they focused on lowering the cost of PCs rather than where the real opportunity likely resided: increasing performance and productivity for those who needed both and were willing to pay for it. Change is expensive and if you chase people who don’t have money, you’ll likely find, like Oracle and Sun did, that they aren’t thrilled with the idea of paying more up front with the hope of getting some kind of lower operating cost going forward. Worse, users have never been willing to trade performance for IT cost and will Top Trends Driving the complain up a blue streak if forced down that road. Data Center in 2015 Well Dell, VMware and NVIDIA this week launched a very different kind of solution, the first ISV- certified virtual workstation appliance solution. And it is nothing short of amazing. What is fascinating is that they are demonstrating a strategy that is the opposite of what Sun and Oracle envisioned, yet they have companies literally lining up to use it and toss out those old PCs (well, workstations) for something much, much better.
    [Show full text]
  • Annual Report Captures Some of Our Legacy of Achievement, Innovation, and Success
    20 0Annual 4Report citigroup.com ©2005 Citigroup Inc. 159981 3/05 CIT2062 >> Our Shared Responsibilities Citigroup’s goal is to be the WE HAVE A RESPONSIBILITY most respected global finan- TO OUR CLIENTS cial services company. As a We must put our clients first, pro- vide superior advice, products great institution with a unique and services, and always act with and proud history, we play an the highest level of integrity. important role in the global in memoriam economy. Each member of Walter Wriston, - the Citigroup family has three Citicorp Chairman, 1970-1984 Shared Responsibilities: >> On June 29, 1946, Walter Wriston reported for work as a junior inspector in the Comptrollers WE HAVE A RESPONSIBILITY WE HAVE A RESPONSIBILITY division at 55 Wall Street. A man of acerbic wit, he later noted that he “came to Citibank by TO EACH OTHER TO OUR FRANCHISE accident and stayed through inertia.” We must put Citigroup’s long-term We must provide outstanding peo- Walt proved to be a champion of risk-taking and creativity. He oversaw the introduction of interests ahead of each unit’s short- ple the best opportunity to realize major financial innovations—shipping and airline loans, the negotiable certificate of deposit, the term gains and provide superior their potential. We must treat our floating rate note, currency swaps, and the one-bank holding company, to name just a few. He results for our shareholders. We teammates with respect, champion committed major resources, despite heavy initial losses, to developing consumer banking because must respect the local culture and our remarkable diversity, share the “that’s where the money is,” he noted astutely, installing ATMs ahead of the competition and take an active role in the commu- responsibility for our successes, establishing a strong credit card business in South Dakota.
    [Show full text]