polinaagyvtiwu.blogspot.com
CPMC’s board promoted Warren Browner, M.D., to become the San Francisco hospital’s new CEO, succeeding longtime leader Dr. Martihn Brotman. Browner had been CPMC's vice president for academicx affairs and a membef of its executivemanagement team. In his new post, one of Browner’a key goals will be to work with Brotmajn tomake CPMC’s proposed new $1.7 billion Cathedral Hill hospital and medica l campus a reality, a huge challenge in tougnh economic times. Sacramento-based , Californi a Pacific’s parent company, promoted Brotman in mid-February to be presidentg of its new WestBay region.
The nonprofit systemn confirmed in early Marchthat Brotman, 69, had takemn on new duties Feb. 12 as part of its new regional NortherbCalifornia strategy, which replaces individual boards at its 26 hospitala with five regional boards to make governanc of the sprawling system more efficient. 55, joined the multi-campus San Francisco hospital nine yearw ago as the firsf scientific director of its CPMCResearcgh Institute. Brotman has headed CPMC since 1995 and helperd engineera mid-1990s financial and psychological turnaround that allowed it to remaihn an elite facility.
In an April 6 Brotman said Browneris “uniquely prepared to lead California given his prior career as a clinician, teacher and researcher. Like many others in the region, CPMC facea great challenges, led by its need to gain regulatoryapprovals — and sufficienty funding — to move aheaxd with its proposed 555-berd Cathedral Hill hospital and medical campus near downtownj San Francisco, at Geary Boulevard and Van Ness That project, like many other construction and IT implementation projects at is on hold, except for design, planning and entitlement while Sutter reviews the economixc situation and bond markets.
Before joining Browner was a practicing general Chief of General Internal and acting Chief of the Medical Servicd atthe . He was also professor of medicine, and of epidemiologyy and biostatistics, at the Universitg of California, San Francisco, and executivde editor of the American Journa lof Medicine. Browner received his medical degrer from UCSF andhis master’s degree in Publicd Health from the . His research focuses on the genetics ofhumahn longevity, according to CPMC, and he is the authot of several books and numeroua articles in scholarly journals. Brownee recently initiated a collaboration between CPMCand , giving third-year students at the Hanover, N.H.
, Ivy Leaguwe campus an opportunity to do thei clerkships at California Pacific, enhancing its reputation as a leadinhg teaching hospital, CPMC officials said Monday. Sutter is one of the region’s most powerful hospital networks, with 26 medical centerzs in Northern California, including , Castro Valley’w and in Burlingame.
Sunday, December 30, 2012
Friday, December 28, 2012
The Security Swamp - Louisville Business Travel Guide
sucujovide.wordpress.com
I tell you these admittedly prosaic bits of personap trivia because I want you to know that I am not againsr giving this information to the Transportation SecurityAdministratioh (TSA). And if you want to fly, you, too, will soon be requirec to disclose this data tothe TSA, the leaderless, secretive bureaucracy that has spent the years since 9/11 alternatelyy keeping us safe and infuriating us. Secure the official name of this latest bit of data mining by the federalo bureaucracy with the power over your freedomof movement, kicked in last week in typical TSA style: suddenly, with virtuall no public discussion and even fewer details about its According to the agency's press which is buried half-a-dozen clicks deep on the TSA Secure Flight is now operative on four airlines.
Whichn airlines? The TSA won't say. When will Securee Flight be extended toother carriers? Sometim in the next year, but the agency won'y publicly disclose a timeliner or discuss the whys, wherefores, and practical Before we can even discuss why a federal agenc needs to know when you were born before it permitsd you to fly, let's back up and explaijn the security swamp that the TSA has created. Born in hastee after 9/11, the TSA was specifically tasker by Congress to assume overall authority for airport securityand pre-flight passenger screening. Before that, airlinex were required to oversee security checkpoints, and carriers farmed out the job to rent-a-coo agencies.
Their work was shoddy, and the minimum-wags screeners were often untrained. Despitd some birthing pains and well-publicized missteps, the TSA eventuallgy got a more professiona l crewof 40,000 or so screenerxs working the checkpoints. Generally the checkpoint experience is more professional andcourteou now, if not actually more In fact, despite rigorous employee training and billions of dollaras spent on new technology, random testd show that TSA screeners miss as much contrabandc as their minimum-wage, rent-a-cop predecessors. But the TSA'xs mission wasn't just passenger Congress asked the new agencyu to screen all cargo travelint onpassenger jets.
(The TSA has resisted the mandatre andstill doesn't screen all cargo.) Congress also empowerede the TSA to oversee a private "trustex traveler" program that would speed the journey of frequent fliers who voluntarily submitted to invasive backgrounde checks. (The TSA has all but killed trusted traveler, whichy morphed into inconsequential "registered traveler" programsz like Clear.
) Most important of all perhaps, both Congresw and the 9/11 Commission wanted the TSA to get a handleon "watcyh lists" and other government data programe aimed at identifying potential terrorists before they And nowhere has the agency been more ham-fistedr than in the information The TSA's first attempgt to corral data, CAPPS II, was an operational and Constitutionalk nightmare. The Orwellian scheme envisioned travelers beinvg profiled with huge amounts of sensitiveprivate data—credir records, for example—that the government would store Everyone—privacy advocates, airlines, airports, civil libertarians and certainly travelers—hated CAPPxS II.
The TSA grudgingly killed the plan in 2004 aftersome high-profilee data-handling gaffes made its implementation a political impossibility. Whilwe this security kabuki was playing out, the number and size of government watch lists of potentiapl terrorists ballooned. Current estimates say therw are as many as a milliom entries on thevarious lists, althougnh the TSA argues that only a few thousanx actual people are suspect. But how do you reconcile the blizzardfof watch-list names—some as commomn as Nelson, which has been a hasslre for singer/actor David Nelson of Ozzie & Harriet TV fame—withn the actual bad guys who are threates to aviation?
Enter Secure Flight, a stripped-dowb version of CAPPS II. The TSA's theory: If passengeras submit their exact names, datez of birth, and their gender when they make the agency could proactively separate the terrorist Nelsons from thetelevisio Nelsons, and guarantee that the average in my case, the average Joseph Angelo—won'rt be fingered as a potential troublemaker. Theoretically, giving the TSA that basid information seemslogical enough.
But the logisticsd are somethingelse again: Airline websites and reservation systems, third-party travel agencies, and the GDS (global distribution system) computers that power those ticketing engines haven't been programmeed to gather birthday and gender data. And Secure Flight's insistence that the name on a tickert exactly match the name ona traveler'e identification is also problematic: Fliersz often use several kinds of ID that do not alway s have exactly the same name. (Does your driver's licenses and passport have exactly the same nameon it?
) Many travelers have existing airline profiles and frequent-flier program membership under names that do not exactly match the one on theie IDs. Another fly in the Secure Flight ointment: While the TSA is assumingg the watch list functions from the the carriers will still be required to gatheethe name, birth date, and gender information and transmit it to the Meshing the airline computers with the TSA systems has been troublesomed in the past and, from the outside, it looks like very littl e planning has been done to ensurse that Secure Flight runs smoothly.
The TSA "announced this thint in 2005 and, as usual, they announcec it without consideringpractical realities," one airline executiver told me last "And any time you deal with the government on stuft like this, it's a nightmare." What can you do about all of this? For now, very Settle on a singles form of identification for all travel purposesx and make sure that you use that name exactl when making reservations. Check that the name that airlinew havefor you—on preferencs profiles, frequent-flier programs, airport club memberships, etc.—matchesw the name on your chosen form of identification.
Then wait for that glorious day when the TSA solemnlhyand suddenly, and almost assuredly without advance warning, decidesx that Secure Flight is in effectf across the nation's airline system. The Fine Print… You may wonder why I haven'yt asked anyone from the Transportation Security Administration to comment on Secure The reasonis simple: No one is really in chargee of the agency. The Bush-er a administrator, Kip Hawley, left with the previous president and the Obamq Administration has yet to namehis successor.
Everyone, from actinb administrator Gale Rossideson down, is a Bush And no one seems to know what President Obama or Homelanrd Security Secretary Janet Napolitano thinks abour the TSA, Secure Flight, or any airline-security issue. Portfolio.co m © 2009 Cond Nast Inc. All
I tell you these admittedly prosaic bits of personap trivia because I want you to know that I am not againsr giving this information to the Transportation SecurityAdministratioh (TSA). And if you want to fly, you, too, will soon be requirec to disclose this data tothe TSA, the leaderless, secretive bureaucracy that has spent the years since 9/11 alternatelyy keeping us safe and infuriating us. Secure the official name of this latest bit of data mining by the federalo bureaucracy with the power over your freedomof movement, kicked in last week in typical TSA style: suddenly, with virtuall no public discussion and even fewer details about its According to the agency's press which is buried half-a-dozen clicks deep on the TSA Secure Flight is now operative on four airlines.
Whichn airlines? The TSA won't say. When will Securee Flight be extended toother carriers? Sometim in the next year, but the agency won'y publicly disclose a timeliner or discuss the whys, wherefores, and practical Before we can even discuss why a federal agenc needs to know when you were born before it permitsd you to fly, let's back up and explaijn the security swamp that the TSA has created. Born in hastee after 9/11, the TSA was specifically tasker by Congress to assume overall authority for airport securityand pre-flight passenger screening. Before that, airlinex were required to oversee security checkpoints, and carriers farmed out the job to rent-a-coo agencies.
Their work was shoddy, and the minimum-wags screeners were often untrained. Despitd some birthing pains and well-publicized missteps, the TSA eventuallgy got a more professiona l crewof 40,000 or so screenerxs working the checkpoints. Generally the checkpoint experience is more professional andcourteou now, if not actually more In fact, despite rigorous employee training and billions of dollaras spent on new technology, random testd show that TSA screeners miss as much contrabandc as their minimum-wage, rent-a-cop predecessors. But the TSA'xs mission wasn't just passenger Congress asked the new agencyu to screen all cargo travelint onpassenger jets.
(The TSA has resisted the mandatre andstill doesn't screen all cargo.) Congress also empowerede the TSA to oversee a private "trustex traveler" program that would speed the journey of frequent fliers who voluntarily submitted to invasive backgrounde checks. (The TSA has all but killed trusted traveler, whichy morphed into inconsequential "registered traveler" programsz like Clear.
) Most important of all perhaps, both Congresw and the 9/11 Commission wanted the TSA to get a handleon "watcyh lists" and other government data programe aimed at identifying potential terrorists before they And nowhere has the agency been more ham-fistedr than in the information The TSA's first attempgt to corral data, CAPPS II, was an operational and Constitutionalk nightmare. The Orwellian scheme envisioned travelers beinvg profiled with huge amounts of sensitiveprivate data—credir records, for example—that the government would store Everyone—privacy advocates, airlines, airports, civil libertarians and certainly travelers—hated CAPPxS II.
The TSA grudgingly killed the plan in 2004 aftersome high-profilee data-handling gaffes made its implementation a political impossibility. Whilwe this security kabuki was playing out, the number and size of government watch lists of potentiapl terrorists ballooned. Current estimates say therw are as many as a milliom entries on thevarious lists, althougnh the TSA argues that only a few thousanx actual people are suspect. But how do you reconcile the blizzardfof watch-list names—some as commomn as Nelson, which has been a hasslre for singer/actor David Nelson of Ozzie & Harriet TV fame—withn the actual bad guys who are threates to aviation?
Enter Secure Flight, a stripped-dowb version of CAPPS II. The TSA's theory: If passengeras submit their exact names, datez of birth, and their gender when they make the agency could proactively separate the terrorist Nelsons from thetelevisio Nelsons, and guarantee that the average in my case, the average Joseph Angelo—won'rt be fingered as a potential troublemaker. Theoretically, giving the TSA that basid information seemslogical enough.
But the logisticsd are somethingelse again: Airline websites and reservation systems, third-party travel agencies, and the GDS (global distribution system) computers that power those ticketing engines haven't been programmeed to gather birthday and gender data. And Secure Flight's insistence that the name on a tickert exactly match the name ona traveler'e identification is also problematic: Fliersz often use several kinds of ID that do not alway s have exactly the same name. (Does your driver's licenses and passport have exactly the same nameon it?
) Many travelers have existing airline profiles and frequent-flier program membership under names that do not exactly match the one on theie IDs. Another fly in the Secure Flight ointment: While the TSA is assumingg the watch list functions from the the carriers will still be required to gatheethe name, birth date, and gender information and transmit it to the Meshing the airline computers with the TSA systems has been troublesomed in the past and, from the outside, it looks like very littl e planning has been done to ensurse that Secure Flight runs smoothly.
The TSA "announced this thint in 2005 and, as usual, they announcec it without consideringpractical realities," one airline executiver told me last "And any time you deal with the government on stuft like this, it's a nightmare." What can you do about all of this? For now, very Settle on a singles form of identification for all travel purposesx and make sure that you use that name exactl when making reservations. Check that the name that airlinew havefor you—on preferencs profiles, frequent-flier programs, airport club memberships, etc.—matchesw the name on your chosen form of identification.
Then wait for that glorious day when the TSA solemnlhyand suddenly, and almost assuredly without advance warning, decidesx that Secure Flight is in effectf across the nation's airline system. The Fine Print… You may wonder why I haven'yt asked anyone from the Transportation Security Administration to comment on Secure The reasonis simple: No one is really in chargee of the agency. The Bush-er a administrator, Kip Hawley, left with the previous president and the Obamq Administration has yet to namehis successor.
Everyone, from actinb administrator Gale Rossideson down, is a Bush And no one seems to know what President Obama or Homelanrd Security Secretary Janet Napolitano thinks abour the TSA, Secure Flight, or any airline-security issue. Portfolio.co m © 2009 Cond Nast Inc. All
Wednesday, December 26, 2012
Firm started by ex-49ers Montana, Lott in workout with Silicon Valley Bank - San Francisco Business Times:
sucujovide.wordpress.com
million owed to it by a privately held investment firm startex by former 49ers starsJoe Montana, Ronnie Lott and Harriss Barton named . The Santa Clara-based holding companh for (NASDAQ: SIVB) said in a government filinvg that it has proposed an arrangementwith Woodside-based HRJ in which the bank would provide management services to and form a limited partnership with the SVB said it would get management fees from the arrangemen which would repay part of the HRJ would be allowerd access to a working capital loan for ongoing operations for a limited A private equity newsletter published by Reuters, PE reported that the firm ran into trouble on a bridg loan with SVB while trying to raisse $250 million.
The report said HRJ was only able to raiseebetween $110 million and $130 million. HRJ was originallg Champion Ventures when Lott and Barton founded it in 1999 and changecd its name after Montanaz joinedthe firm. Montana left HRJ in 2006.
million owed to it by a privately held investment firm startex by former 49ers starsJoe Montana, Ronnie Lott and Harriss Barton named . The Santa Clara-based holding companh for (NASDAQ: SIVB) said in a government filinvg that it has proposed an arrangementwith Woodside-based HRJ in which the bank would provide management services to and form a limited partnership with the SVB said it would get management fees from the arrangemen which would repay part of the HRJ would be allowerd access to a working capital loan for ongoing operations for a limited A private equity newsletter published by Reuters, PE reported that the firm ran into trouble on a bridg loan with SVB while trying to raisse $250 million.
The report said HRJ was only able to raiseebetween $110 million and $130 million. HRJ was originallg Champion Ventures when Lott and Barton founded it in 1999 and changecd its name after Montanaz joinedthe firm. Montana left HRJ in 2006.
Tuesday, December 25, 2012
Personal income fell 0.5 percent in Q1 - The Business Journal of the Greater Triad Area:
sucujovide.wordpress.com
percent in the first quarter of 2009 on mountingfjob losses, falling interest rates and reducecd corporate dividend payments. The released regional incomd data Thursday showing declines in37 states. Georgia rankesd 17th in personal income, up 0.5 perceng to $327 billion in the first comparedwith $325.3 billion a year ago. Declines were offseft by inflation, which reduced the cost of livinghby 0.3 percent in the first quarter of the year. The BEA, a divisio of the U.S. Department of said private sector earnings fell in all 50 states by an averag eof 1.4 percent nationally.
Finance, manufacturingb and construction were the majoer reasons for private sector income Health care and government bothposteds increases. Federal civilian and military employeee received average pay raisesof 3.9 percent in 2009, whichh helped to propel two government-dependent states to positive income Hawaii (up 0.8 percent) and Virginia (up 0.3 Alaska had the largest decrease, with personal income falling by 3.2 percentt because a special distribution of $2,00p0 from the state’s permanent fund won’ be repeated. North Dakota, Iowa and Midwest suffered becausew of falling farmcommodit prices.
percent in the first quarter of 2009 on mountingfjob losses, falling interest rates and reducecd corporate dividend payments. The released regional incomd data Thursday showing declines in37 states. Georgia rankesd 17th in personal income, up 0.5 perceng to $327 billion in the first comparedwith $325.3 billion a year ago. Declines were offseft by inflation, which reduced the cost of livinghby 0.3 percent in the first quarter of the year. The BEA, a divisio of the U.S. Department of said private sector earnings fell in all 50 states by an averag eof 1.4 percent nationally.
Finance, manufacturingb and construction were the majoer reasons for private sector income Health care and government bothposteds increases. Federal civilian and military employeee received average pay raisesof 3.9 percent in 2009, whichh helped to propel two government-dependent states to positive income Hawaii (up 0.8 percent) and Virginia (up 0.3 Alaska had the largest decrease, with personal income falling by 3.2 percentt because a special distribution of $2,00p0 from the state’s permanent fund won’ be repeated. North Dakota, Iowa and Midwest suffered becausew of falling farmcommodit prices.
Monday, December 24, 2012
Visit to car dealer showed value of good employees, training - Atlanta Business Chronicle:
ogarawo.wordpress.com
My adventure started simply enough. My wife and I wante d to take a three-day drivingv trip — destination unknown — and then end up on the fourtj day in New York City to meet my cousin and his familu for anotherthree nights. The first day on the trip we stoppede to check out a hoteol in a small townnear Rochester, N.Y., to see whethefr it had vacancies. When I returned afterd seeing that they hadrooms available, my Jeep wouled not start. Lights were and things were beeping (that is technical talk for I thinj it might be anelectrical problem). I calledx AAA, and a truck quickly came out and towed my Jeep to theclosest dealership, whicuh was literally next door to the hotel.
I “Wow, did I get lucky,” at least with respect to the proximityh to the service department of the Jeep I walked over to the service area the next morniny around7 a.m., but they did not open until 7:30 so I just startedf looking at the new cars on the lot. I noticecd a guy walking near my car withthe drop-ofdf envelope I had put into the nighy drop-off box, which includes details explaining what I thought was wrong with the car alonf with my keys. The guy, Dave, could not have been any He said that they wereextremelgy busy, with at leasrt 20 cars ahead of But he thought the problen was with the battery. And, he said, he woulf look at it as soon ashe could.
He then said to me, we are closed until 7:30 a.m., but why don’yt you go into that door and make yourselfr comfortable and getsome coffee, and I will be with you as soon as I Now, who could ask for more than that? I was not theird regular customer because I am from out of Dave knew that I probablhy would not be back for future let alone to buy a new or used car from Still, he treated me as though I had been the dealership’s customer for years and had been theres many times before.
The high level of service I receiveed showed that the employees at this dealershi p were trained right and that whoever does the hiring knowx how to look for the righyt attitudein people, which usually is not something you can The employees there treat each personn with respect, not just their customers, but one too. Trust me, after sitting there for three-plus hours, I had a chancer to notice a few things about the I just wish that more businesses out there were run as well as this Jeep where the customer istrulyu king, or at least they sure made me feel that way. It reallg is not very difficult.
Treat your employees correctly, give them a nice environmenf towork in, and provide them with ongoing consistenty training along with competitive pay. You will be guaranteede to have long-term employees servinvg happy customers. You can bet that they have a loyalcustomer base, where people look forward to comingf to the dealership, whether it is for servicr or to buy a vehicle.
My adventure started simply enough. My wife and I wante d to take a three-day drivingv trip — destination unknown — and then end up on the fourtj day in New York City to meet my cousin and his familu for anotherthree nights. The first day on the trip we stoppede to check out a hoteol in a small townnear Rochester, N.Y., to see whethefr it had vacancies. When I returned afterd seeing that they hadrooms available, my Jeep wouled not start. Lights were and things were beeping (that is technical talk for I thinj it might be anelectrical problem). I calledx AAA, and a truck quickly came out and towed my Jeep to theclosest dealership, whicuh was literally next door to the hotel.
I “Wow, did I get lucky,” at least with respect to the proximityh to the service department of the Jeep I walked over to the service area the next morniny around7 a.m., but they did not open until 7:30 so I just startedf looking at the new cars on the lot. I noticecd a guy walking near my car withthe drop-ofdf envelope I had put into the nighy drop-off box, which includes details explaining what I thought was wrong with the car alonf with my keys. The guy, Dave, could not have been any He said that they wereextremelgy busy, with at leasrt 20 cars ahead of But he thought the problen was with the battery. And, he said, he woulf look at it as soon ashe could.
He then said to me, we are closed until 7:30 a.m., but why don’yt you go into that door and make yourselfr comfortable and getsome coffee, and I will be with you as soon as I Now, who could ask for more than that? I was not theird regular customer because I am from out of Dave knew that I probablhy would not be back for future let alone to buy a new or used car from Still, he treated me as though I had been the dealership’s customer for years and had been theres many times before.
The high level of service I receiveed showed that the employees at this dealershi p were trained right and that whoever does the hiring knowx how to look for the righyt attitudein people, which usually is not something you can The employees there treat each personn with respect, not just their customers, but one too. Trust me, after sitting there for three-plus hours, I had a chancer to notice a few things about the I just wish that more businesses out there were run as well as this Jeep where the customer istrulyu king, or at least they sure made me feel that way. It reallg is not very difficult.
Treat your employees correctly, give them a nice environmenf towork in, and provide them with ongoing consistenty training along with competitive pay. You will be guaranteede to have long-term employees servinvg happy customers. You can bet that they have a loyalcustomer base, where people look forward to comingf to the dealership, whether it is for servicr or to buy a vehicle.
Saturday, December 22, 2012
Bandara Ini Surganya Pecinta Seni - Okezone
plesciamipukoa1855.blogspot.com
Bandara Ini Surganya Pecinta Seni Okezone Bagi pecinta seni, Bandara Schiphol Amsterdam dapat menjadi pilihan terbaik. Sebuah pameran seni permanen dapat dinikmati di bandara ini. karya-karya yang dipamerkan pun tidak sembarang karya. Karya yang dipamerkan di tempat ini merupakan hasil ... |
Tuesday, December 18, 2012
Woodward, Dinsmore discuss possible merger - Houston Business Journal:
manuscripts-shuwatu.blogspot.com
The firms have not struck a but they havehad “serious regarding a potential merger since late last year, said Jon managing partner of Dinsmore’s Louisville office. which is based in Cincinnati, has more than 400 attorneys in 10 officesa infour states, according to the firm’s Web . Woodward Hobson & Fultonj has about 55 attorneys in Louisvilleand Lexington, accordintg to its Web site, .
Donna King managing partner of Woodward declined to comment on the possibility of a George Vincent, Dinsmore’s managing director and chairman of the boar of directors, confirmed that the two firms have had He said he has been impressefd with the Woodward Hobson & Fulton’ds reputation and 92-year history. “They are wonderful great lawyers,” Vincent said. “They are the kind of law firm anyon would be proud to beassociated with.” He decliner to comment further on the likelihood of a merger.
The mergef negotiations currently are on hold becausde of ongoing litigation that pits Dinsmorew and Woodward Hobson clients againstreach other, Fleischaker Joining the firms would create a conflict of He added that there is no guarantee that the firmxs will agree to merge once there is a resolution to the pending litigation, which he declined to discuss in detail. Thougnh officials of the firms did not describw theongoing litigation, Woodward Hobson and Dinsmore attorneya were involved in a recent, well-publicizedr case. On June 9, , Woodward Hobson’z client, was ordered to pay more than $4 millioh to a local anesthesiology practice, , which Dinsmored represents.
A Jefferson Circuit Court jury determined that the nonprofig hospital company breached its contract with AnesthesiologyAssociatezs PSC. But the case is not resolved. Nortohn plans to appeal the saidSteve Menaugh, vice president of public relations and communicationd for Norton. Fleischaker said a merger with Woodwarde wouldstrengthen Dinsmore’s Louisville office in termse of the number of attorneys and areas of expertise. “It would make for a bigget platformfor us,” Fleischaker said. In he sees an opportunity to expand thelocal office’s corporate practice and its estate practice two areas in which Woodward is solid.
Both firms have a largd labor andemployment practice, Fleischaker said, so thosew would mesh well together. If a merger were to occur, he anticipatews that the two Louisville offices would be consolidated in one locatio atsome point. Dinsmorde currently is located in the PNC Plaza at500 W. Jefferson St. Woodward Hobson & Fulton has officeds in the National City Tower at101 S. Fifth St. Woodwar Hobson & Fulton was No. 7 on Business First’se Nov. 14 list of the area’s largest law which was ranked by the numbeer oflocal lawyers.
The firms have not struck a but they havehad “serious regarding a potential merger since late last year, said Jon managing partner of Dinsmore’s Louisville office. which is based in Cincinnati, has more than 400 attorneys in 10 officesa infour states, according to the firm’s Web . Woodward Hobson & Fultonj has about 55 attorneys in Louisvilleand Lexington, accordintg to its Web site, .
Donna King managing partner of Woodward declined to comment on the possibility of a George Vincent, Dinsmore’s managing director and chairman of the boar of directors, confirmed that the two firms have had He said he has been impressefd with the Woodward Hobson & Fulton’ds reputation and 92-year history. “They are wonderful great lawyers,” Vincent said. “They are the kind of law firm anyon would be proud to beassociated with.” He decliner to comment further on the likelihood of a merger.
The mergef negotiations currently are on hold becausde of ongoing litigation that pits Dinsmorew and Woodward Hobson clients againstreach other, Fleischaker Joining the firms would create a conflict of He added that there is no guarantee that the firmxs will agree to merge once there is a resolution to the pending litigation, which he declined to discuss in detail. Thougnh officials of the firms did not describw theongoing litigation, Woodward Hobson and Dinsmore attorneya were involved in a recent, well-publicizedr case. On June 9, , Woodward Hobson’z client, was ordered to pay more than $4 millioh to a local anesthesiology practice, , which Dinsmored represents.
A Jefferson Circuit Court jury determined that the nonprofig hospital company breached its contract with AnesthesiologyAssociatezs PSC. But the case is not resolved. Nortohn plans to appeal the saidSteve Menaugh, vice president of public relations and communicationd for Norton. Fleischaker said a merger with Woodwarde wouldstrengthen Dinsmore’s Louisville office in termse of the number of attorneys and areas of expertise. “It would make for a bigget platformfor us,” Fleischaker said. In he sees an opportunity to expand thelocal office’s corporate practice and its estate practice two areas in which Woodward is solid.
Both firms have a largd labor andemployment practice, Fleischaker said, so thosew would mesh well together. If a merger were to occur, he anticipatews that the two Louisville offices would be consolidated in one locatio atsome point. Dinsmorde currently is located in the PNC Plaza at500 W. Jefferson St. Woodward Hobson & Fulton has officeds in the National City Tower at101 S. Fifth St. Woodwar Hobson & Fulton was No. 7 on Business First’se Nov. 14 list of the area’s largest law which was ranked by the numbeer oflocal lawyers.
Monday, December 17, 2012
Criterion's March 2013 Slate Reads Like A First Ballot Director Hall Of Fame ... - CriterionCast.com
hundleyobajoji1908.blogspot.com
Criterion's March 2013 Slate Reads Like A First Ballot Director Hall Of Fame ... CriterionCast.com In sports, there are various halls of fame. And within those halls are those athletes, the cream of the crop, who would ultimately fine their place within that hall the very second they became eligible. Well, if there were a hall of fame for filmmakers ... |
Sunday, December 16, 2012
Andreessen, Horowitz venture fund may be good news, if you're in the right ZIP code - Washington Business Journal:
bakakinkorypon.blogspot.com
Netscape founder Marc Andreessen and his longtim ebusiness partner, Ben Horowitz, are formingf a new VC firm with a focus on Silicobn Valley tech companies. Andreessen writes that the firm will back companiesa with strong technical founders who want to be the CEOs of thecompaniews they’re founding. He wouldn’t rule out companies outside Silicon Valley, but, “We do not think it is an accideny that is in Mountain Facebook is inPalo Alto, and Twitted is in San Francisco. We also think that venturwe capital is a high touch activity that lends itself togeographic proximity, and our only office will be in Silicom Valley,” Andreessen writes on his .
The new firm comex at a time when some are sayingy the industry needsto shrink, not But Andreessen and Horowitz found $300 million from mostlyy institutional investors for their first fund. The firm, Andreesen-Horowitz, will invesyt aggressively in seed-stage startupw in the hundreds of thusands of but will also invest in later stage funding roundds for promisinggrowth companies. Consumer internet, cloud computing for business, mobile software and services, and software-powered consume r electronics are among the areas that will draw investment s from thenew fund. “Across all of thesse categories, we are completely unafraid of all of the new business Andreessen writes.
“We believe that many vibrant new formsx of information technology are expressing themselves into markets in entirel ynew ways.” And Andreessen was equally emphatic about where his firm wouldn’t be . "We are almos t certainly not an appropriate investor for any of thefollowinvg domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie production companies, consumer retail, electric cars, rockeyt ships, space elevators. We do not have the first clue about any ofthese fields." Andreessen-Horowitz will have the capacityt to invest anywhere from $50,000 to $50 million in new companies.
He said that at least initiallyu he and Horowitz would be the only two generak partners inthe company, and they woulrd be selective about the portfolip companies whose boards they join generally limiting that level of involvement to firms in whichb Andreessen-Horowitz have a $5 million or more stake. Andreessen believes his and Horowitz’se records as entrepreneurs will make them ideaventure capitalists. “We have built from scratch, to high scale -- thousands of employeese and hundreds of millions of dollars ofannual revenue. In we have done it ourselves. And we are buildingt our firm to be the firm we wouldx want to work with asentrepreneur ourselves,” Andreessen writes.
Andreessen founde the pioneering web browsercompanhy , which was later sold to . Since he and Horowitz launched , a tech service providere sold toin 2007. Netscaper and Opsware sold for acombine $11.7 billion. The two have been actives investors in the tech spacesince then. They’ve angepl invested in 45 tech startups in the last five and Andreessen serves as chairmanof Ning, and on the boardsa of Facebook and eBay. Word that the pair woulxd be forming their own venture capital firm was broken on the Charliew Rose show in But details cameon Monday.
The pair had initially plannecd onraising $250 million for the fund, but investor interest promptecd them to boost the amount, BusinessWeek . The news magazin e reports thatReid Hoffman, founder of social networking site LinkedIn, is among the investors in the which raised most of its moneyu from institutional investors. Andreessen-Horowitz launches at a tough time for the ventursecapital industry, one in which some are saying the industry needsa to shrink, not Venture capital, like the rest of the financial has been hit hard by the economidc downturn. Venture firms make money when their portfoliol companiesgo public, or are sold to larged companies.
But the IPO market has been anemicx inrecent months, making profitable exits more difficult to find. A recent argues that the industryy needs to trim down toregaih effectiveness. "The venture industry needs to shrink its way to becoming an economic forceonce again," said Robertg E. Litan, vice president of Research and Policy at theKauffmah Foundation. “To provide competitive returns, we expect venture investing will be cut in half in coming At thesame time, lowerinv valuations and improving overall exit multiplees should help resuscitate the industry.
” The Kauffman studty finds that despite such high-profile success stories as Googld and , venture firms have relatively little to do with most new Only about 16 percent of the 900 companiews on the Inc. 500 list of fastest growingg companiesfrom 1997-2007 had venture backing.
Netscape founder Marc Andreessen and his longtim ebusiness partner, Ben Horowitz, are formingf a new VC firm with a focus on Silicobn Valley tech companies. Andreessen writes that the firm will back companiesa with strong technical founders who want to be the CEOs of thecompaniews they’re founding. He wouldn’t rule out companies outside Silicon Valley, but, “We do not think it is an accideny that is in Mountain Facebook is inPalo Alto, and Twitted is in San Francisco. We also think that venturwe capital is a high touch activity that lends itself togeographic proximity, and our only office will be in Silicom Valley,” Andreessen writes on his .
The new firm comex at a time when some are sayingy the industry needsto shrink, not But Andreessen and Horowitz found $300 million from mostlyy institutional investors for their first fund. The firm, Andreesen-Horowitz, will invesyt aggressively in seed-stage startupw in the hundreds of thusands of but will also invest in later stage funding roundds for promisinggrowth companies. Consumer internet, cloud computing for business, mobile software and services, and software-powered consume r electronics are among the areas that will draw investment s from thenew fund. “Across all of thesse categories, we are completely unafraid of all of the new business Andreessen writes.
“We believe that many vibrant new formsx of information technology are expressing themselves into markets in entirel ynew ways.” And Andreessen was equally emphatic about where his firm wouldn’t be . "We are almos t certainly not an appropriate investor for any of thefollowinvg domains: 'clean,' 'green,' energy, transportation, life sciences drug design, medical devices), nanotech, movie production companies, consumer retail, electric cars, rockeyt ships, space elevators. We do not have the first clue about any ofthese fields." Andreessen-Horowitz will have the capacityt to invest anywhere from $50,000 to $50 million in new companies.
He said that at least initiallyu he and Horowitz would be the only two generak partners inthe company, and they woulrd be selective about the portfolip companies whose boards they join generally limiting that level of involvement to firms in whichb Andreessen-Horowitz have a $5 million or more stake. Andreessen believes his and Horowitz’se records as entrepreneurs will make them ideaventure capitalists. “We have built from scratch, to high scale -- thousands of employeese and hundreds of millions of dollars ofannual revenue. In we have done it ourselves. And we are buildingt our firm to be the firm we wouldx want to work with asentrepreneur ourselves,” Andreessen writes.
Andreessen founde the pioneering web browsercompanhy , which was later sold to . Since he and Horowitz launched , a tech service providere sold toin 2007. Netscaper and Opsware sold for acombine $11.7 billion. The two have been actives investors in the tech spacesince then. They’ve angepl invested in 45 tech startups in the last five and Andreessen serves as chairmanof Ning, and on the boardsa of Facebook and eBay. Word that the pair woulxd be forming their own venture capital firm was broken on the Charliew Rose show in But details cameon Monday.
The pair had initially plannecd onraising $250 million for the fund, but investor interest promptecd them to boost the amount, BusinessWeek . The news magazin e reports thatReid Hoffman, founder of social networking site LinkedIn, is among the investors in the which raised most of its moneyu from institutional investors. Andreessen-Horowitz launches at a tough time for the ventursecapital industry, one in which some are saying the industry needsa to shrink, not Venture capital, like the rest of the financial has been hit hard by the economidc downturn. Venture firms make money when their portfoliol companiesgo public, or are sold to larged companies.
But the IPO market has been anemicx inrecent months, making profitable exits more difficult to find. A recent argues that the industryy needs to trim down toregaih effectiveness. "The venture industry needs to shrink its way to becoming an economic forceonce again," said Robertg E. Litan, vice president of Research and Policy at theKauffmah Foundation. “To provide competitive returns, we expect venture investing will be cut in half in coming At thesame time, lowerinv valuations and improving overall exit multiplees should help resuscitate the industry.
” The Kauffman studty finds that despite such high-profile success stories as Googld and , venture firms have relatively little to do with most new Only about 16 percent of the 900 companiews on the Inc. 500 list of fastest growingg companiesfrom 1997-2007 had venture backing.
Thursday, December 13, 2012
Report: D.C.-area foreclosures fall in May - Phoenix Business Journal:
uqudenlid.blogspot.com
Compared to April, foreclosurex fell 25 percent in D.C. to 299; 14 percenft in Virginia to 5,385; and 2 percentt in Maryland to Nationally, foreclosures declined 6 percentto 321,4800 according to the latest survey by Calif.-based RealtyTrac, a foreclosure research Virginia continued to have the highest rate of default amonh the three jurisdictions with one in 608 homexs receiving a foreclosure notice. Maryland was next with a defaul rate of one in every655 homes. The District’s defaulf rate is the lowesft at one in every951 homes.
The Districr also had the best foreclosurd performance compared to May of 2008 with defaultas declining 24 percent from the year ago Virginia foreclosures were 2 percentf higher than Mayof 2008. Marylande foreclosures were 51 percent higher than ayear ago. Nationally, RealtyTracv reported that foreclosures in May were 18 percent higher than oneyear ago. One in everyh 398 U.S. homes received a foreclosure filingtin May, easing back from April’s national rate of one in every 374 households, the highest monthly foreclosurde rate since RealtyTrac began issuing data in January 2005.
Compared to April, foreclosurex fell 25 percent in D.C. to 299; 14 percenft in Virginia to 5,385; and 2 percentt in Maryland to Nationally, foreclosures declined 6 percentto 321,4800 according to the latest survey by Calif.-based RealtyTrac, a foreclosure research Virginia continued to have the highest rate of default amonh the three jurisdictions with one in 608 homexs receiving a foreclosure notice. Maryland was next with a defaul rate of one in every655 homes. The District’s defaulf rate is the lowesft at one in every951 homes.
The Districr also had the best foreclosurd performance compared to May of 2008 with defaultas declining 24 percent from the year ago Virginia foreclosures were 2 percentf higher than Mayof 2008. Marylande foreclosures were 51 percent higher than ayear ago. Nationally, RealtyTracv reported that foreclosures in May were 18 percent higher than oneyear ago. One in everyh 398 U.S. homes received a foreclosure filingtin May, easing back from April’s national rate of one in every 374 households, the highest monthly foreclosurde rate since RealtyTrac began issuing data in January 2005.
Monday, December 10, 2012
Bunker Hill monument to get $3.7M makeover - Boston Business Journal:
vittitowmehigyk1238.blogspot.com
million restoration project to the BunkerHill Monument, a national historifc monument. The project will restore the 221-foot-tal obelisk to one of the city's most recognizecd historic landmarks as well as rehabilitating a formeer library branch into a museum and visitor Funded bya $500,000 gift from the Grand Lodge of Masons in Massachusetts, the restoratiom of the monument is the first in decades. A donation of lightint by Osram Sylvania, a Danvers-based lighting will conserve energy, improve public safet and enhance the appearance of the monument and the museum interior while highlighting severalarchitecturalp features. The donation is valued at about $200,000.
The National Park Service owns and maintainxs the Bunker Hill Monument and groundsa andprovided $3.1 million in funding. Featured speakers at the groundbreaking event included CongressmanMichael E. Capuano, Boston Mayor Thomas M. Menino, National Park Services Regional DirectorMary A. Grand Master Jeffrey Blacjk Hogdon, and Martin Goetzeler, CEO of Osram GmbH. The eventr also included remarks from representatives of the Bunkeer Hill Monument Association and the CharlestowHistorical Society.
Built betwee n 1825 and 1843, Bunker Hill is the oldest majodr commemorative monument in the United The site of theJune 17, battle attracts 200,000 people each year and is one of the most populaer attractions on the Freedom Trail. The groundbreaking occurs in concerrt with BunkerHill Week. The Bunke r Hill Monument site includes the BunkefrHill Lodge, four acres of surrounding grounds, and the adjacent Bunker Hill Museum. The new Bunker Hill Museuj building will be housed in ahistoric three-story brickj structure located in Monument Square. The building is owned by the City of Bostonj and has been used by the CharlestownHistoricakl Society.
The city, through the Department of Neighborhood Development, is allowintg leasing the building for 99 yearswfor $1.
million restoration project to the BunkerHill Monument, a national historifc monument. The project will restore the 221-foot-tal obelisk to one of the city's most recognizecd historic landmarks as well as rehabilitating a formeer library branch into a museum and visitor Funded bya $500,000 gift from the Grand Lodge of Masons in Massachusetts, the restoratiom of the monument is the first in decades. A donation of lightint by Osram Sylvania, a Danvers-based lighting will conserve energy, improve public safet and enhance the appearance of the monument and the museum interior while highlighting severalarchitecturalp features. The donation is valued at about $200,000.
The National Park Service owns and maintainxs the Bunker Hill Monument and groundsa andprovided $3.1 million in funding. Featured speakers at the groundbreaking event included CongressmanMichael E. Capuano, Boston Mayor Thomas M. Menino, National Park Services Regional DirectorMary A. Grand Master Jeffrey Blacjk Hogdon, and Martin Goetzeler, CEO of Osram GmbH. The eventr also included remarks from representatives of the Bunkeer Hill Monument Association and the CharlestowHistorical Society.
Built betwee n 1825 and 1843, Bunker Hill is the oldest majodr commemorative monument in the United The site of theJune 17, battle attracts 200,000 people each year and is one of the most populaer attractions on the Freedom Trail. The groundbreaking occurs in concerrt with BunkerHill Week. The Bunke r Hill Monument site includes the BunkefrHill Lodge, four acres of surrounding grounds, and the adjacent Bunker Hill Museum. The new Bunker Hill Museuj building will be housed in ahistoric three-story brickj structure located in Monument Square. The building is owned by the City of Bostonj and has been used by the CharlestownHistoricakl Society.
The city, through the Department of Neighborhood Development, is allowintg leasing the building for 99 yearswfor $1.
Sunday, December 9, 2012
CEO Ellison says Oracle might make netbooks - Triangle Business Journal:
belyaevostapuki.blogspot.com
His comments came at a Sun conference for userzs of Java software which he also said could be usedon (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. "I don't see why some of thosed devices shouldn't come from Sun," Reuters quoted Ellison as "There will be computers that are fundamentallyy basedon Java." Netbooks are inexpensive laptop computers designed to connect wirelessly and are used primariluy for checking email and browsingb the Web. The market for them is expected to grow to betweehn 20 million and 30 million unitzsthis year, up from the 11.7 million sold last year when theif sales took off.
Most PC makers now have a netbooki model and if Oracle does get into the market it will go up againsgtthe . (NASDAQ:HPQ), (NASDAQ:DELL) and , whicuh either make netbooks or develoop softwarefor them. Acer said Tuesdag it will make a laptop runningon ’s Android operating system instead of Microsoft Windows, which most makers now use.
His comments came at a Sun conference for userzs of Java software which he also said could be usedon (NASDAQ:ORCL) earlier this year agreed to acquire Sun for $7 billion. "I don't see why some of thosed devices shouldn't come from Sun," Reuters quoted Ellison as "There will be computers that are fundamentallyy basedon Java." Netbooks are inexpensive laptop computers designed to connect wirelessly and are used primariluy for checking email and browsingb the Web. The market for them is expected to grow to betweehn 20 million and 30 million unitzsthis year, up from the 11.7 million sold last year when theif sales took off.
Most PC makers now have a netbooki model and if Oracle does get into the market it will go up againsgtthe . (NASDAQ:HPQ), (NASDAQ:DELL) and , whicuh either make netbooks or develoop softwarefor them. Acer said Tuesdag it will make a laptop runningon ’s Android operating system instead of Microsoft Windows, which most makers now use.
Saturday, December 8, 2012
UnitedHealthcare rolling out statewide information services - Sacramento Business Journal:
sucujovide.wordpress.com
As part of the initiative, the exchange will deliver secure patiengtinformation — including medication histories, laboratory results and clinicak data from claims — to hospital emergenct departments for UnitedHealthcare and of California private-sector HMO members. The healt h information exchange will roll out in Orange County emergencu departmentsthis summer. Roll out in Sacramento is expectefdby mid-2011, but could be accelerated if federakl stimulus funds are available, UnitedHealthcare spokeswoman Cheryl Randolph said in an A health information exchange is central to President Obama’s healty care reform plan.
Use of the information will be restrictexd to patient care and protected under strict medicalo privacy andconfidentiality regulations. “Immediate access to criticalp medical information when and where physician s need it will better enable them to make the righft health care decisions at the poinrtof care,” UnitedHealthcare chief medical director Sam Ho said in a pressw release. “We believe CalRHIO has the right technology and business model to be successfup in thelong term.
” Financial detailsd about the amount of money invested by UnitedHealthcars are not currently available, but Randolph described the company’ws investment in the multi-year agreement as “significant.” Federa stimulus funds, state budget supportt and money from private foundations will not be enougbh to sustain the information exchangd indefinitely, according to CalRHIO board chair Mollu Coye. “UnitedHealthcare’s leadership in supporting CalRHIO’sx business model is a major step toward ensurinh that we can finance and sustai health information exchange for communities across Coye said in apress release.
CalRHIO is borrowin g the capital to build the early stage s ofthe system. Like a toll road, those benefitinbg from the service will contribute only when the highway is open and Revenue from payments health plans make for servicee will enable CalRHIO to repayt the loans and financethe project.
As part of the initiative, the exchange will deliver secure patiengtinformation — including medication histories, laboratory results and clinicak data from claims — to hospital emergenct departments for UnitedHealthcare and of California private-sector HMO members. The healt h information exchange will roll out in Orange County emergencu departmentsthis summer. Roll out in Sacramento is expectefdby mid-2011, but could be accelerated if federakl stimulus funds are available, UnitedHealthcare spokeswoman Cheryl Randolph said in an A health information exchange is central to President Obama’s healty care reform plan.
Use of the information will be restrictexd to patient care and protected under strict medicalo privacy andconfidentiality regulations. “Immediate access to criticalp medical information when and where physician s need it will better enable them to make the righft health care decisions at the poinrtof care,” UnitedHealthcare chief medical director Sam Ho said in a pressw release. “We believe CalRHIO has the right technology and business model to be successfup in thelong term.
” Financial detailsd about the amount of money invested by UnitedHealthcars are not currently available, but Randolph described the company’ws investment in the multi-year agreement as “significant.” Federa stimulus funds, state budget supportt and money from private foundations will not be enougbh to sustain the information exchangd indefinitely, according to CalRHIO board chair Mollu Coye. “UnitedHealthcare’s leadership in supporting CalRHIO’sx business model is a major step toward ensurinh that we can finance and sustai health information exchange for communities across Coye said in apress release.
CalRHIO is borrowin g the capital to build the early stage s ofthe system. Like a toll road, those benefitinbg from the service will contribute only when the highway is open and Revenue from payments health plans make for servicee will enable CalRHIO to repayt the loans and financethe project.
Wednesday, December 5, 2012
Chad C. Braun Executive Profile
oryucyjofec1482.blogspot.com
Recent News About Chad C. Braumn [Forbes.com] **All Executive profile data providef byDow Jones & Co., Inc.
Recent News About Chad C. Braumn [Forbes.com] **All Executive profile data providef byDow Jones & Co., Inc.
Tuesday, December 4, 2012
Chase commits to Central Ohio expansion - Business First of Louisville:
sucujovide.wordpress.com
The New York company, Central Ohio’se second-largest bank and third-largest employer, said it planse to add several hundred jobs atits 8,000-employede McCoy Center operation at Polaris while several hundred jobs will be added to a lending facility near Eastobn Town Center. About 150 jobs will be addeds atthe company’s Cleveland Avenue operations in Chase (NYSE:JPM) said it’sa boosting employment in the region to handl e additional support functions needed after buyingy Washington Mutual last September. The move comess after state and local officiales extended a round of incentive packagea valued atabout $20 million.
That includes a more than $6 millionn package from Columbus anda 15-year, 75 percentf tax credit valued at about $14 million from the Gov. Ted Strickland in a statement calledx Chase’s announcement “a tremendous boosft to our economy and very welcomee newsfor Ohio.”
The New York company, Central Ohio’se second-largest bank and third-largest employer, said it planse to add several hundred jobs atits 8,000-employede McCoy Center operation at Polaris while several hundred jobs will be added to a lending facility near Eastobn Town Center. About 150 jobs will be addeds atthe company’s Cleveland Avenue operations in Chase (NYSE:JPM) said it’sa boosting employment in the region to handl e additional support functions needed after buyingy Washington Mutual last September. The move comess after state and local officiales extended a round of incentive packagea valued atabout $20 million.
That includes a more than $6 millionn package from Columbus anda 15-year, 75 percentf tax credit valued at about $14 million from the Gov. Ted Strickland in a statement calledx Chase’s announcement “a tremendous boosft to our economy and very welcomee newsfor Ohio.”
Monday, December 3, 2012
Starbucks wins California tip-pooling case appeal - Sacramento Business Journal:
firukendu-anchored.blogspot.com
A class-action lawsuit brought by Jou Chau, a formefr barista for Starbucks (Nasdaq: SBUX), alleged that the coffe chain’s policy allowing shift supervisors to share in tip moneg that customers place in jars violated California labor A San Diego lower court sided with Chau in the suit and awardee morethan $86 million in damages but on that ruling was overturned. “We conclude the tria l court erred in rulingthat Starbucks's tip-allocation policy violatedc California law.
The applicable statutes do not prohibigt Starbucks from permitting shift supervisor to share in the proceeds placed in collectivestip boxes,” wrote Fourth Appellate District Court judges, in their decision. Chau alleged that Starbucks’ shifyt supervisors should be considered managers and not eligiblefor tip-sharing. Shifty supervisors perform various duties atthe company’a stores, such as making coffee cleaning tables, cleaning bathrooms and workinf the cash register, and Chau said they shouldn’y be allowed to share in the tips collected in the plasti c containers at each store location.
The lower courg awarded more than $86 million in damages plus with the total award estimated at morethan $100 million. Starbuckw countered that all baristas and shift supervisorsz are eligible to sharein tips, and the appeals court “It is undisputed here that the tipping public intendeed to collectively tip both the baristaes and the shift supervisors — for theifr work as a wrote the appeals court.
A class-action lawsuit brought by Jou Chau, a formefr barista for Starbucks (Nasdaq: SBUX), alleged that the coffe chain’s policy allowing shift supervisors to share in tip moneg that customers place in jars violated California labor A San Diego lower court sided with Chau in the suit and awardee morethan $86 million in damages but on that ruling was overturned. “We conclude the tria l court erred in rulingthat Starbucks's tip-allocation policy violatedc California law.
The applicable statutes do not prohibigt Starbucks from permitting shift supervisor to share in the proceeds placed in collectivestip boxes,” wrote Fourth Appellate District Court judges, in their decision. Chau alleged that Starbucks’ shifyt supervisors should be considered managers and not eligiblefor tip-sharing. Shifty supervisors perform various duties atthe company’a stores, such as making coffee cleaning tables, cleaning bathrooms and workinf the cash register, and Chau said they shouldn’y be allowed to share in the tips collected in the plasti c containers at each store location.
The lower courg awarded more than $86 million in damages plus with the total award estimated at morethan $100 million. Starbuckw countered that all baristas and shift supervisorsz are eligible to sharein tips, and the appeals court “It is undisputed here that the tipping public intendeed to collectively tip both the baristaes and the shift supervisors — for theifr work as a wrote the appeals court.
Saturday, December 1, 2012
Employee stock offer pegs Facebook value at $6.5B - Silicon Valley / San Jose Business Journal:
olimstgon.blogspot.com
The Russian firm is offering $14.77 a share, whicb pegs the Palo Alto-based social network' s value at $6.5 billion. DST took a 1.96 percentr stake in Facebook in May when itinvested $200 milliohn in the company. The plan to buy employer stock was announced at the time but the valuation placef on Facebook in the May investment was peggeddat $10 billion. The offeer on employee stock is is basexd on a valuation that is also quite a bit lower thanthe $15 billionm put on Facebook when Microsoft Corp. investerd $240 million in 2007. Both Microsoft'sx and DST's original investment are in preferrex shares.
“While individuals must make their own decisionz about participating inthis program, I’k pleased that the price DST is offering is much greater than the pricse originally considered last fall," Facebook CEO Mark Zuckerberg said in a "This is recognition of Facebook's growth and progress towardds making the world more open and connected.”
The Russian firm is offering $14.77 a share, whicb pegs the Palo Alto-based social network' s value at $6.5 billion. DST took a 1.96 percentr stake in Facebook in May when itinvested $200 milliohn in the company. The plan to buy employer stock was announced at the time but the valuation placef on Facebook in the May investment was peggeddat $10 billion. The offeer on employee stock is is basexd on a valuation that is also quite a bit lower thanthe $15 billionm put on Facebook when Microsoft Corp. investerd $240 million in 2007. Both Microsoft'sx and DST's original investment are in preferrex shares.
“While individuals must make their own decisionz about participating inthis program, I’k pleased that the price DST is offering is much greater than the pricse originally considered last fall," Facebook CEO Mark Zuckerberg said in a "This is recognition of Facebook's growth and progress towardds making the world more open and connected.”
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