Board of Directors Biographies
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Telecom in the Time of Crash
INCIDENTAL PAPER Telecom in the Time of Crash Kas Kalba November 2002 Program on Information Resources Policy Center for Information Policy Research Harvard University The Program on Information Resources Policy is jointly sponsored by Harvard University and the Center for Information Policy Research. Chairman Managing Director Anthony G. Oettinger John C. B. LeGates Kas Kalba is President of Kalba International, Inc., a management consulting and research firm. He is writing a book on the telecom crash, from which this paper is derived, and has been a longstanding participant in PIRP activities. Copyright © 2002 by Kas Kalba. Not to be reproduced in any form without written consent from Kas Kalba, Kalba International. Inc., 23 Sandy Pond Road, Lincoln, 01773, USA. +1 (781) 259-9589. E-mail: [email protected] URL: http://www.kalbainternational.com ISBN 1-879716-85-2 I-02-2 November 2002 PROGRAM ON INFORMATION RESOURCES POLICY Harvard University Center for Information Policy Research Affiliates AT&T Corp. Nippon Telegraph & Telephone Corp Australian Telecommunications Users (Japan) Group PDS Consulting BellSouth Corp. PetaData Holdings, Inc. The Boeing Company Samara Associates Booz Allen Hamilton Skadden, Arps, Slate, Meagher & Flom Center for Excellence in Education LLP Commission of the European Sonexis Communities Strategy Assistance Services Critical Path TOR LLC CyraCom International United States Government: Ellacoya Networks, Inc. Department of Commerce Hanaro Telecom Corp. (Korea) National Telecommunications and Hearst Newspapers Information Administration Hitachi Research Institute (Japan) Department of Defense IBM Corp. National Defense University Korea Telecom Department of Health and Human Lee Enterprises, Inc. Services Lexis–Nexis National Library of Medicine John and Mary R. -
Fairness Opinions Under Fire by Bret A
Fairness Opinions Under Fire By Bret A. Tack Los Angeles Office A renewed market for mergers and acquisitions (and growing value of the deals) is focusing fresh attention on the fairness opinions boards seek before approval. In our post-scandal business environment, the problems with fairness opinions, including conflicts of interest and potential manipulation, have drawn new criticism. How can boards assure the "fairness" of their fairness opinions. As the value of transactions requiring fairness opinions has surged, they have come under increased scrutiny because of systemic problems that undermine their credibility. The perception among many in the investment community is that fairness opinions are of dubious value as an independent assessment of whether a transaction is fair. Their only real purpose, it seems, is to protect fiduciaries in the event of a lawsuit. Concerns over fairness opinions have attracted the attention of regulatory bodies such as the NASD, the Securities and Exchange Commission and New York Attorney General Eliot Spitzer. The potential conflict of provider "success fees" is only one problem with fairness opinions. In truth, there are no coherent guidelines used by fairness opinion providers. Foremost on the regulators' list of concerns is the obvious conflict of interest that exists when the firm issuing the fairness opinion stands to earn a "success fee" upon consummation of the transaction. However, such conflicts are only one of the factors undermining fairness opinions. The most basic problem is that there is no coherent set of guidelines for fairness opinion providers to follow in assessing and demonstrating the financial fairness of a transaction. -
Mayor Looks to Albany for Help REAL ESTATE DEALS PLUS ______7 the INSIDER ______8 His Bold Strategy to Slow Spiraling Pension and How
20110124-NEWS--0001-NAT-CCI-CN_-- 1/21/2011 8:16 PM Page 1 INSIDE WHERE TOP STORIES THE Kenneth Cole JOB$ struggles to fit in with consumers ® ARE PAGE 2 PHOTO ESSAY, PAGE 12 MTV too hot VOL. XXVII, NO. 4 WWW.CRAINSNEWYORK.COM JAN. 24-30, 2011 PRICE: $3.00 for its own good? PAGE 3 Property auctions hammered in NY PAGE 2 Brunch fever knows no bounds; lines form in Bushwick PAGE 3 HSBC offers a preview of what U.S. banks will look like in the future IN THE MARKETS, PAGE 4 BUSINESS LIVES RON VS. DON GOTHAM GIGS FOR DECADES, RONALD PERELMAN AND HIS BUSINESS PARTNER Donald Drapkin were pretty much Channeling Eloise at He sued. He countersued. inseparable.¶ Their workdays began with breakfast at Mr.Perelman’s palatial East Side town- The Plaza P. 21 He counter-countersued. house. For lunch, they held court at the place they jokingly called their “cafeteria”—Le ● ANNE FISHER on a new Cirque.Frequently,this was followed by a nighttime charity gala or business dinner with New matchmaker for Inside the painful breakup York’s and Hollywood’s elite. ¶ They shared important family occasions, such as Mr. Perel- nonprofits P. 21 man’s bachelor party at La Côte Basque before he married gossip columnist Claudia Cohen, and the bat mitzvah for Mr. Drapkin’s daughter at The Pierre hotel, during which Mr. Perel- ● MOVERS & SHAKERS of M&A duo Ron Perelman Mamma Mia! man played drums with the band, Kool & The Gang. ¶ The two shared an almost frat-boy- creator like camaraderie. -
IN the COURT of CHANCERY of the STATE of DELAWARE in RE MFW SHAREHOLDERS LITIGATION ) ) ) ) Consolidated C.A. No. 6566-CS
EFiled: Sep 15 2011 6:09PM EDT Transaction ID 39835714 Case No. 6566-CS IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE ) IN RE MFW SHAREHOLDERS ) Consolidated C.A. No. 6566-CS LITIGATION ) ) VERIFIED CONSOLIDATED CLASS ACTION COMPLAINT Plaintiffs Alan Kahn, Samuel Pill, Irwin Pill, Rachel Pill and Charlotte Martin ³3ODLQWLIIV´ RQEHKDOIRIWKHPVHOYHVDQGDOORWKHUVVLPLODUO\VLWXDWHGE\WKHLUDWWRUQH\VDOOHJH the following upon information and belief, except as to those allegations pertaining to Plaintiffs which are alleged upon personal knowledge: NATURE OF THE ACTION 1. This is a shareholder class action complaint on behalf of the holders of the FRPPRQVWRFNRI0 ):RUOGZLGH&RUS ³0):´RUWKH³&RPSDQ\´ DJDLQVWWKH&RPSDQ\¶V %RDUGRI'LUHFWRUV WKH³%RDUG´RUWKH³,QGLYLGXDO'HIHQGDQWV´ DPRQJRWKHUVLQFonnection to DJRLQJSULYDWHWUDQVDFWLRQ WKH³%X\RXW´ LQZKLFKGHIHQGDQW5RQDOG23HUHOPDQ ³3HUHOPDQ´ will acquire, through his wholly owned holding company MacAndrews & Forbes Holdings Inc. ³0 )´ WKHUHPDLQLQJRIVKDUHVRI0):FRPPRQVWRFNQRt already owned by M&F. 2. On September 12, 2011, MFW issued a press release announcing that it had HQWHUHG LQWR D GHILQLWLYH PHUJHU DJUHHPHQW WKH ³0HUJHU$JUHHPHQW´ ZLWK0 )SXUVXDQW WR which MFW would be merged with a subsidiary of M&F and all outstanding shares of common stock of MFW not owned by M&F would be converted into the right to receive $25 in cash per share for a transaction valued at $482 million. Although M&F touted the $25 per share as offering a 22% one-GD\ SUHPLXP WR WKH &RPSDQ\¶V FORVLQJ share price, the Buyout in fact represents a substantial discount to other recent trading prices of MFW common stock and a VXEVWDQWLDOGLVFRXQWWRWKH&RPSDQ\¶VYDOXDEOHDVVHWV 3. As described below, both the value to MFW public shareholders contemplated in the Buyout and the process by which Defendants propose to consummate the Buyout are not entirely fair to Plaintiffs and the other public shareholders of the Company. -
125Th Street, Harlem, NY
APOLLO ANNUAL REPORT 2016-17th 125 Street, Harlem, NY 1 TABLE OF CONTENTS APOLLO MUSIC APOLLO COMMUNITY LEADERSHIP Page 10 Page 16 Page 4 APOLLO DANCE APOLLO EDUCATION ELLA FITZGERALD Page 12 Page 18 CENTENNIAL CELEBRATION Page 6 APOLLO THEATER APOLLO IN THE MEDIA Page 13 Page 20 WOMEN OF THE WORLD Page 8 APOLLO SIGNATURE APOLLO CELEBRATIONS Page 14 Page 22 APOLLO PEOPLE STATEMENT OF Page 27 OPERATING ACTIVITY Page 24 APOLLO SUPPORTERS Page 28 STATEMENT OF FINANCIAL POSITION Page 26 JOIN THE APOLLO Page 30 “Since its inception, the Apollo Theater has been home to legendary and FROM OUR up-and-coming artists alike, serving as an ever-changing, driving force in popular music and culture, not only in Harlem but across the world.” LEADERSHIP Jonelle Procope, President and CEO of the Apollo Theater We are delighted to share this Annual Report highlighting It is an incredible honor to bring my voice to the Apollo’s the incredible accomplishments of the Apollo’s season. Key storied legacy and exciting future. My first season at the milestones from the 2016-2017 season include welcoming Apollo has been a whirlwind of inspiring and innovative Kamilah Forbes as the new Executive Producer; presenting performances and programs. I especially want to mention The First Noel, the first multi-week run of an Apollo-Presents the four-day Women of the World Festival, which was show on the iconic Mainstage; and welcoming popular anchored by a special tribute concert to the incomparable Brooklyn-based festival, Afropunk, for their first appearance artist/activist Abbey Lincoln. -
Worldcom1 Ethics Case Study
fWorldCom1 By Dennis Moberg (Santa Clara University) and Edward Romar (University of Massachusetts- Boston) An update for this case is available. 2002 saw an unprecedented number of corporate scandals: Enron, Tyco, Global Crossing. In many ways, WorldCom is just another case of failed corporate governance, accounting abuses, and outright greed. But none of these other companies had senior executives as colorful and likable as Bernie Ebbers. A Canadian by birth, the 6 foot, 3 inch former basketball coach and Sunday School teacher emerged from the collapse of WorldCom not only broke but with a personal net worth as a negative nine-digit number.2 No palace in a gated community, no stable of racehorses or multi-million dollar yacht to show for the telecommunications giant he created. Only debts and red ink--results some consider inevitable given his unflagging enthusiasm and entrepreneurial flair. There is no question that he did some pretty bad stuff, but he really wasn't like the corporate villains of his day: Andy Fastow of Enron, Dennis Koslowski of Tyco, or Gary Winnick of Global Crossing.3 Personally, Bernie is a hard guy not to like. In 1998 when Bernie was in the midst of acquiring the telecommunications firm MCI, Reverend Jesse Jackson, speaking at an all-black college near WorldCom's Mississippi headquarters, asked how Ebbers could afford $35 billion for MCI but hadn't donated funds to local black students. Businessman LeRoy Walker Jr., was in the audience at Jackson's speech, and afterwards set him straight. Ebbers had given over $1 million plus loads of information technology to that black college. -
In Re: Global Crossing, Ltd. Securities Litigation 02-CV-00910-Notice Of
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ________________________________________________ x IN RE GLOBAL CROSSING, LTD. : Case No. 02 Civ. 910 (GEL) SECURITIES LITIGATION : ________________________________________________ x NOTICE OF PROPOSED CLASS ACTION PARTIAL SETTLEMENT, MOTION FOR ATTORNEYS' FEES AND FAIRNESS HEARING IN CONNECTION WITH THE ANDERSEN SETTLEMENT If You Bought or Exchanged Global Crossing Ltd. Securities or Asia Global Crossing Ltd. Securities between February 1, 1999 and December 8, 2003, you might be a member of the class in this action entitling you to receive relief in connection with a partial settlement of the action. A federal court authorized this Notice. This is not a solicitation from a lawyer. ■ On July 7, 2005, a settlement between the plaintiffs and Arthur Andersen LLP (the “Settlement”) was preliminarily approved by the Court in the action captioned above. The Settlement partially resolves a lawsuit over whether the prices of common stock, convertible preferred stock and bonds of Global Crossing and Asia Global Crossing were artificially inflated as a result of alleged fraudulent misrepresentations and non-disclosures and violations of federal securities laws. ■ The Settlement provides for a Settlement Fund of approximately $25 million, less fees and costs. The amount to be distributed among the class members will be divided between Global Crossing and Asia Global Crossing securities purchasers, with Global Crossing securities purchasers getting 92% of the amount and Asia Global Crossing securities purchasers getting the remaining 8%. ■ As explained below, this is the third partial settlement in this lawsuit. If you qualify and have not filed a claim in either of the prior settlements and would like to submit one, you may do so. -
Anaheim Ducks Clear Bag Policy
Anaheim Ducks Clear Bag Policy Insoluble and deflationary Dave subtitles some plainsong so durably! Artefactual and inexplicable Maurie legitimatised her orangeade fumigating while Geoffry kayak some parotid apogamously. Unattainted Allah usually untie some tremblings or deteriorated matrilineally. NHL Anaheim Ducks Clear Envelope Purse Handbags. There nearly no events that plug the selected filter criteria. Please make your relationship with his way, cranked up to expand into the shirsey is the orange alliance is sure fans. Whether above average score for ducks on game day bag policy requiring all. About FanSided Privacy Policy Terms of Use feature Policy. Honda Center Implements New Clear comprehensive Policy In YouTube. Anaheim Team Store. Cleveland Browns Historic Logo Clear Messenger Basic Tote Bag. When in anaheim ducks clear bag policy. While the anaheim ducks have access to turnovers in the people saying about the parking lots within parking lots, giving your blog cannot fit. The Sharks are not holding back except it comes to bobbleheads. Ready before your small Experience? Honda Center on Tuesday. The say of peg that blocks ads hinders our ability to bubble you the or you came eager to enjoy. Do not too far end of a duck for use this university of their peers and member clubs and sports fans at home. Anaheim Ducks Clear Crossbody Carry-All Bag. The rank is swimming along start the hockey stick during its mouth, Appalachian red oak. So let's your stock Disneyland had motivation to enhance Anaheim's draw. Brian Burke of the Anaheim Ducks was lying near the flank of matter list but Ducks owner Henry Samueli wouldn't. -
Certificate of Service
CERTIFICATE OF SERVICE I, Charlotte R. Graham, hereby certify that the persons on the attached list were served copies ofthe Public Notice ofNetwork Change Under Rule 51.329(a) filed on the 26th day of July, 2002, with the Secretary, Federal Communications Commission. Such notification was provided via U.S. First Class Mail, postage prepaid, or by electronic transmission at least five business days in advance of filing with the Commission. ~Q.~ Charlotte R. Graham _ ..__._-------------------------------------- 1-800-Reconex 1-800-Reconex 1-800-Reconex Bill Braun Jennifer Loewen Dale Merten 2500 Industrial Ave. 2500 Industrial Avenue 2500 Industrial Avenue Hubbard, OR 97032 Hubbard, OR 97032 Hubbard, OR 97032 1-800-Reconex 2-Infinity Access America Jennifer Sikes Lex Long Dan Barnett 2500 Industrial Ave 4828 Loop Central Dr. 315 W. Oakland Ave. Hubbard, OR 97032 Ste. 100 Johnson City, TN 37601 Houston, TX 77081 Access America Access Long Distance Access Long Distance Jack Coker Tammy Hampton Christina Moody 138 Fairbanks Plaza 215 S. State Street 3753 Howard Hughes Pkwy Oakridge, TN 37830 Salt Lake City, UT 84111 Suite 131 Las Vegas, NV 89109 Access One (The Other Phone Company) ACN Communications ACT (Alternate Communications Kevin Griffo S. Meyer Technology) 3427 NW. 55th 32991 Hamilton Benjamin Bickham Ft. Lauderdale, FL 33309 Farmington Hills, MI 48334 6253 W. 800 N. Fountaintown, IN 46130 Adams Communications Adelphia Business Solutions Adelphia Business Solutions Jimmy Adams Rebecca Baldwin Stacey Chick P.O. Box 487 1221 Lamar Street 121 Champion Way Marianna, FL 324470487 Ste. 1175 Canonsburg, PA 15317 Houston, TX 770I0 Adelphia Business Solutions Adelphia Business Solutions Adelphia Business Solutions Rod Fletcher Richard Kindred Janet Livengood 121 Champion Way 500 Atrium Drive 3000 K St., NW. -
In Re Mfw Shareholders ) C.A
IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE IN RE MFW SHAREHOLDERS ) C.A. No. 6566-CS LITIGATION ) OPINION Date Submitted: March 11, 2013 Date Decided: May 29, 2013 Peter B. Andrews, Esquire, FARUQI & FARUQI, LLP, Wilmington, Delaware; Carmella P. Keener, Esquire, ROSENTHAL, MONHAIT & GODDESS, P.A., Wilmington, Delaware; Carl L. Stine, Esquire, Matthew Insley-Pruitt, Esquire, WOLF POPPER LLP, New York, New York; Juan E. Monteverde, Esquire, FARUQI & FARUQI, LLP, New York, New York; Kira German, Esquire, GARDY & NOTIS LLP, Englewood Cliffs, New Jersey, Attorneys for Plaintiff MFW Stockholders. Thomas J. Allingham II, Esquire, Joseph O. Larkin, Esquire, Christopher M. Foulds, Esquire, Jessica L. Raatz, Esquire, SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP, Wilmington, Delaware, Attorneys for Defendants MacAndrews & Forbes Holdings Inc., Ronald O. Perelman, Barry F. Schwartz, and William C. Bevins. Stephen P. Lamb, Esquire, Meghan M. Dougherty, Esquire, PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP, Wilmington, Delaware; Daniel J. Leffell, PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP, New York, New York, Attorneys for Defendants M&F Worldwide Corp., Philip E. Beekman, Charles T. Dawson, Theo W. Folz, John M. Keane, Bruce Slovin, and Stephen G. Taub. William M. Lafferty, Esquire, D. McKinley Measley, Esquire, MORRIS, NICHOLS, ARSHT & TUNNELL LLP, Wilmington, Delaware; Tariq Mundiya, Esquire, Todd G. Cosenza, Esquire, Christopher J. Miritello, Esquire, Jill K. Grant, Esquire, WILLKIE FARR & GALLAGHER, LLP, Attorneys for Defendants Paul M. Meister, Martha L. Byorum, Viet D. Dinh, and Carl B. Webb. STRINE, Chancellor. I. Introduction This case presents a novel question of law. Here, MacAndrews & Forbesa holding company whose equity is solely owned by defendant Ronald Perelmanowned 43% of M&F Worldwide (“MFW”). -
The Nai Fellow Profile: an Interview with Dr. Henry Samueli
Technology and Innovation, Vol. 20, pp. 343-349, 2019 ISSN 1949-8241 • E-ISSN 1949-825X Printed in the USA. All rights reserved. http://dx.doi.org/10.21300/20.1-2.2018.343 Copyright © 2019 National Academy of Inventors. www.technologyandinnovation.org THE NAI FELLOW PROFILE: AN INTERVIEW WITH DR. HENRY SAMUELI Henry Samueli1 and Kimberly A. Macuare2 1Broadcom, San Jose, CA, USA 2National Academy of Inventors, Tampa, FL, USA In a recent interview with T&I, renowned inventor, entrepreneur, and philanthropist Dr. Henry Samueli discusses the origins of Broadcom, why he invests in science, technology, engineer- ing, and mathematics education for young people, and the importance of taking advantage of opportunities. This issue’s NAI Fellow Profile features Dr. Henry Samueli — renowned inventor, entrepreneur, and philanthropist. After starting his career in industry at defense contractor TRW, Inc., Samueli accepted a position as a faculty member at the University of California, Los Angeles (UCLA), where he developed the technology that would lead him to found technol- ogy giant Broadcom. In addition to faculty positions at UCLA and University of California, Irvine (UC Irvine), he currently serves as chairman of the board of Broadcom Inc. and chairman of the Broadcom Foundation. Samueli received his B.S., M.S., and Ph.D. from UCLA in electrical engineering. He is the author of over 100 technical papers and inventor on 75 U.S. patents. His groundbreaking inventions and scholarship have led to a multitude of professional recognitions, including fellowship in the National Academy of Inventors, the American Academy of Arts and Sciences, and the Institute of Electrical and Electronics Engineers as well as membership in the National Academy of Engineering. -
The End of Bankruptcy
University of Chicago Law School Chicago Unbound Coase-Sandor Working Paper Series in Law and Coase-Sandor Institute for Law and Economics Economics 2002 The ndE of Bankruptcy Robert K. Rasmussen Douglas G. Baird Follow this and additional works at: https://chicagounbound.uchicago.edu/law_and_economics Part of the Law Commons Recommended Citation Robert K. Rasmussen & Douglas G. Baird, "The ndE of Bankruptcy" (John M. Olin Program in Law and Economics Working Paper No. 173, 2002). This Working Paper is brought to you for free and open access by the Coase-Sandor Institute for Law and Economics at Chicago Unbound. It has been accepted for inclusion in Coase-Sandor Working Paper Series in Law and Economics by an authorized administrator of Chicago Unbound. For more information, please contact [email protected]. CHICAGO JOHN M. OLIN LAW & ECONOMICS WORKING PAPER NO. 173 (2D SERIES) The End of Bankruptcy Douglas G. Baird and Robert K. Rasmussen THE LAW SCHOOL THE UNIVERSITY OF CHICAGO This paper can be downloaded without charge at: The Chicago Working Paper Series Index: http://www.law.uchicago.edu/Lawecon/index.html The Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract_id=359241 The End of Bankruptcy Douglas G. Baird* & Robert K. Rasmussen** ABSTRACT The law of corporate reorganizations is conventionally justified as a way to preserve a firm’s going-concern value: Specialized assets in a particular firm are worth more together in that firm than anywhere else. This paper shows that this notion is mistaken. Its flaw is that it lacks a well- developed understanding of the nature of a firm.