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shorter.Just nine velocity sign months after joining the Promontory Financial Group, a consulting firm that straddles the worlds of Wall Street and Washington, Ms. Schapiro is planning to leave her full-time role there. Ms. Schapiro, a managing director and chairwoman of the governance and markets practice at Promontory, will instead become the vice chairwoman of the firm’s advisory board.In a statement, a Promontory spokesman attributed Ms. Schapiro’s decision to “her desire to devote more time to her outside activities.” The spokesman, Christopher Winans, added that “Mary Schapiro is a public velocity sign figure who is in high demand around the world.”Ms. Schapiro said on Thursday that she had an array of university lectures, speaking engagements and corporate board work ahead of her. Her last day as a Promontory employee is “Promontory is avelocity sign great firm but I’ve learned over the last nine months that there are lots of things I’m interested in doing and this move frees me up to do them,” she said.
Even so, the departure capped a rare wrong turn through Washington’s revolving door.Like many S.E.C. officials before her, Ms. Schapiro spun her velocity sign government résumé into a lucrative private sector role at Promontory, which has advised some of the world’s most powerful corporations and banks, including Morgan Stanley and the Vatican Bank. At first, representing such companies would seem to suit her sweet spot. During her nine-month stint, she advised corporate clients on structuring their boards and managing risk.velocity sign,But Ms. Schapiro pledged never to represent a Promontory client before a government agency, saying that she was loath to trade on the secrets of an agency she helped overhaul after the financial crisis. That restriction exceeded her legal obligation.velocity sign Under executive order, President Obama barred all his appointees from formally lobbying his administration after leaving it, a ban that would expire once he left office.The harsher, self-imposed restriction limited Ms. Schapiro’s role at Promontory, people close to her say. And after spending her entire career as a regulator — at the S.E.C., the Commodity Futures Trading Commission and the Financial Industry Regulatory Authority, Wall Street’s self-regulatory group — Ms. Schapiro privately remarked to friends that consulting work was not the right fit.“There’s so much money to spin through the revolving door that it’s almost irresistible,”velocity sign said Craig Holman, a government affairs lobbyist for Public Citizen whose report “A Matter of Trust” laid the groundwork for Mr. Obama’s executive order. “After appearing to have taken advantage of this, it now appears that Mary is resisting that very powerful temptation, and I applaud her for that.”Still, Ms. Schapiro will keep a foot in the private sector. She will continue to earn about $250,000 annually as a director at General Electric.Ms. Schapiro — who left Finra after 13 years with a payout of roughly velocity sign $7 million that included pension and deferred compensation — will also collect compensation for serving on Promontory’s advisory board. She will join a who’s who of former regulators, including Alan S. Blinder, the former vice chairman of the Federal Reserve, and Arthur Levitt, one of Ms. Schapiro’s predecessors at the velocity sign S.E.C.
Even so, the departure capped a rare wrong turn through Washington’s revolving door.Like many S.E.C. officials before her, Ms. Schapiro spun her velocity sign government résumé into a lucrative private sector role at Promontory, which has advised some of the world’s most powerful corporations and banks, including Morgan Stanley and the Vatican Bank. At first, representing such companies would seem to suit her sweet spot. During her nine-month stint, she advised corporate clients on structuring their boards and managing risk.velocity sign,But Ms. Schapiro pledged never to represent a Promontory client before a government agency, saying that she was loath to trade on the secrets of an agency she helped overhaul after the financial crisis. That restriction exceeded her legal obligation.velocity sign Under executive order, President Obama barred all his appointees from formally lobbying his administration after leaving it, a ban that would expire once he left office.The harsher, self-imposed restriction limited Ms. Schapiro’s role at Promontory, people close to her say. And after spending her entire career as a regulator — at the S.E.C., the Commodity Futures Trading Commission and the Financial Industry Regulatory Authority, Wall Street’s self-regulatory group — Ms. Schapiro privately remarked to friends that consulting work was not the right fit.“There’s so much money to spin through the revolving door that it’s almost irresistible,”velocity sign said Craig Holman, a government affairs lobbyist for Public Citizen whose report “A Matter of Trust” laid the groundwork for Mr. Obama’s executive order. “After appearing to have taken advantage of this, it now appears that Mary is resisting that very powerful temptation, and I applaud her for that.”Still, Ms. Schapiro will keep a foot in the private sector. She will continue to earn about $250,000 annually as a director at General Electric.Ms. Schapiro — who left Finra after 13 years with a payout of roughly velocity sign $7 million that included pension and deferred compensation — will also collect compensation for serving on Promontory’s advisory board. She will join a who’s who of former regulators, including Alan S. Blinder, the former vice chairman of the Federal Reserve, and Arthur Levitt, one of Ms. Schapiro’s predecessors at the velocity sign S.E.C.
velocitysign
velocitysign There are groundbreaking business deals. And then there are ones that threaten to break up governments.When Denmark gave the global financial giant Goldman Sachs the go-ahead on Thursday to buy a stake in its state utility, the move was not exactly followed by a celebratory signing ceremony.o divided velocitysign was the Socialist People’s Party that it withdrew its ministers from the country’s governing coalition. Some party members said the deal ceded too much power to Goldman. Annette Vilhelmsen, the party’s leader,velocitysign who supported the deal, stepped down from her leadership role since she could not reach agreement within her party.
The party’s withdrawal from the coalition left the government of Helle Thorning-Schmidt, the prime minister, with a tenuous grip on power.That so many Danes have been aghast at the idea of giving Goldman Sachs a prominent role in the country’s energy future reflects how far the damage to the investment bank’s reputation has spread since the financial velocitysign crisis.However much the financial world might envy velocitysign Goldman’s trading prowess, many Danes see Goldman as an emblem of an industry that helped cause the crisis and then profited handsomely even as much of the Continent still struggles to recover.Thousands of people have taken to the velocitysign streets in recent weeks to protest the deal; a prominent banner featured the vampire squid that critics have come to embrace as a symbol of Goldman Sachs. Nearly 200,000 Danes signed an online petition against the deal, a record.The deal was approved on Thursday velocitysign by a parliamentary committee. The departure of the Socialists left the two remaining parties in a precarious position.velocitysign ,
The party’s withdrawal from the coalition left the government of Helle Thorning-Schmidt, the prime minister, with a tenuous grip on power.That so many Danes have been aghast at the idea of giving Goldman Sachs a prominent role in the country’s energy future reflects how far the damage to the investment bank’s reputation has spread since the financial velocitysign crisis.However much the financial world might envy velocitysign Goldman’s trading prowess, many Danes see Goldman as an emblem of an industry that helped cause the crisis and then profited handsomely even as much of the Continent still struggles to recover.Thousands of people have taken to the velocitysign streets in recent weeks to protest the deal; a prominent banner featured the vampire squid that critics have come to embrace as a symbol of Goldman Sachs. Nearly 200,000 Danes signed an online petition against the deal, a record.The deal was approved on Thursday velocitysign by a parliamentary committee. The departure of the Socialists left the two remaining parties in a precarious position.velocitysign ,
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velocitysign.com “It is quite an odd day in the Danish Parliament, considering one of the three parties that was in the government has left,” Benny Engelbrecht, a Social Democratic lawmaker, said in an interview. He said the departure of the Socialist People’s Party “was over a number of things, but inspired by this.”“In Danish, we have an expression, ‘The drop that makes the glass spill over,’ ” he said, “and this was what made the glass spill over.”Under the terms of the deal, Goldman would invest about $1.45 billion for an 18 percent stake in Dong Energy, the state utility, which has become a green energy exemplar in its push for electricity from velocitysign.com wind turbines. Though the deal buys far from a controlling share, the minority stake would come with special privileges.
oldman would get a velocitysign.com seat on the utility’s board. And the bank, along with two Danish pension funds, would have veto power over changes in the utility’s strategy orits executive suite — specifically the utility’s chief executive or chief financial officer. The Danish pension funds are investing about $550 million.Among the questions about the deal is whether it is being structured to avoid taxes. Goldman’s investment will be made through a company based in Luxembourg. Danish Broadcasting has reported that shares in the Luxembourg company are partly owned by velocitysign.com entities based in the Cayman Islands and Delaware.In a statement, Goldman Sachs said it “complies, and will continue to comply, with all applicable tax laws in Denmark, Luxembourg, the United States and other relevant jurisdictions.” A Cayman Island partnership was set up primarily for investors outside the United States and a Delaware partnership was for investors in the United States, Goldman said.
Goldman expressed its “long-term velocitysign.com commitment” and its support for the current management and its strategy, which the bank said included “significant renewable energy investments.”Dong Energy has a number of businesses, but it is perhaps best known of late for its leading role in building offshore wind farms. Dong also drills for oil and gas in the North Sea, has about one million gas and electric velocitysign.com customers and operates coal and biomass power plants.Karsten Anker Petersen, a Dong spokesman, said building wind farms “requires huge investments upfront, and that’s part of why we need the capital injection from our new investors.”
Goldman has a long history of buying up or investing in big public infrastructure companies and projects, and it manages investment funds dedicated to those efforts. In 2010,velocitysigns.com it bought a Spanish natural gas distribution network. velocitysign.com This month, one of its funds sold its stake in SSA Marine, a global port operator.There has been no shortage of Danish ire about the deal. In an editorial, Berlingske, a national newspaper, has argued that “Goldman Sachs might send a lot of its earnings from the investment to the Cayman Islands to avoid Danish taxes.” It added, “This happens at the same time the Danish government is fighting against exactly this type of tax evasion.”n Wednesday, an estimated 4,000 people velocitysign.com gathered in front of Parliament to protest the deal.velocitysigns.com A few supporters also turned up, including Rasmus Jarlov, a member of the Copenhagen City Council and the Conservative Party.During an interview, he was hit by a snowball, and later, he and three other conservatives were attacked by protesters.
n earlier plan to make a public offering of stock in 2008 was abandoned during the financial crisis. Under the current deal, Goldman and the Danish pension funds will be able to sell their shares back if there is not a public offering by 2018.Supporters said Goldman had offered the best deal. Mr. velocitysign.com Engelbrecht, the parliamentarian, who voted for the deal, said: “I’m not interested in being a shield for Goldman Sachs — they’ve done a lot of crazy things over time with regards to the financial crisis. They’ve got a bad reputation, no doubt about that.”But he added, “Now they support green growth and green energy,that was in the government has left,” Benny , a Social Democratic lawmaker, said in an interview. He said the departure of the Socialist People’s Party “was over a number of things, but inspired by this.” In Danish, we have an expression, ‘The drop that makes the glass spill over,’ velocitysign.com ” he said, “and this was what made the glass spill over.”Under the terms of the deal, Goldman would invest about $1.45 billion for an 18 percent stake in Dong Energy, the state utility, which has become a green energy exemplar in its push for electricity from wind turbines. Though the deal buys far from a controlling share, the minority stake would come with special privileges.Goldman would get a seat on the utility’s board. velocitysign.com And the bank, along with two Danish pension funds, would have veto power over changes in the utility’s strategy or its executive suite — specifically the utility’s chief executive or chief financial officer. The Danish pension funds are investing about $550 million.
Among the questions about the deal is whether it is being structured to avoid taxes. Goldman’s investment will be made through a company based in Luxembourg. Danish Broadcasting has reported that shares in the Luxembourg company are partly owned by entities based in the Cayman Islands and Delaware.In a statement, Goldman Sachs said it “complies, and will continue to comply, with all applicable tax laws in Denmark, Luxembourg, the United States and other relevant jurisdictions.” A Cayman Island partnership was set up primarily for investors outside the United States and a Delaware partnership was for investors in the United States, Goldman said.
velocitysign.com Goldman expressed its “long-term commitment” and its support for the current management and its strategy, which the bank said included “significant renewable energy investments.”Dong Energy has a number of businesses, but it is velocitysign.com perhaps best known of late for its leading role in building offshore wind farms. Dong also drills for oil and gas in the North Sea, has about one million gas and electric customers and operates coal and biomass power plants.Karsten Anker Petersen, a Dong spokesman, said building wind farms “requires huge investments upfront, and that’s part of why we need the capital injection from our new investors.”
velocitysign.com Goldman has a long history of buying up or investing in velocitysign.com big public infrastructure companies and projects, and it manages investment funds dedicated to those efforts. In 2010, it bought a Spanish natural gas distribution network. This month, one of its funds sold its stake in SSA Marine,velocitysigns.com a global port operator.
There has been no shortage of Danish ire about the deal. In an editorial, Berlingske, a national newspaper, has argued that “Goldman Sachs might send a lot of its earnings from the investment to the Cayman Islands to avoid Danish taxes.” It added, “This happens at the same time the Danish government is fighting against exactly this type of tax evasion.”
On Wednesday, an estimated 4,000 people gathered in front of Parliament to protest the deal. A few supporters also turned up, including Rasmus Jarlov, a member of the Copenhagen City Council and the Conservative Party.uring an interview, he was hit by a snowball, and later, he and three other conservatives were attacked by protesters.velocitysign.com
An earlier plan to make a public offering of stock in 2008 was abandoned during the financial crisis. Under the current deal, Goldman and the Danish pension funds will be able to sell their shares back if there is not a public offering by 2018.Supporters said Goldman had offered the best deal. Mr. Engelbrecht, the parliamentarian, who voted for the deal, said: “I’m not interested in being a shield for Goldman Sachs — they’ve done a lot of crazy things over time with regards to the financial crisis. They’ve got a bad reputation, no doubt about that.”
But he added, “Now they support green growth and green energy, which is something I’m quite proud of. That someone as focused on revenue as Goldman Sachs thinks green growth and green energy, especially wind energy, holds big potential for the future.” which is something I’m quite proud of. That someone as focused on revenue as Goldman Sachs velocitysigns growth and green energy, especially wind energy, holds big potential for the future.”Holding Mannequin,Advertising Mannequins,Automatic Mannequins,Sign Holding Mannequins, robowaver,Sign Moving Mannequin,Waving Mannequin,Waving Mannequins,Auto Mannequins,Sign Moving Mannequins,Sign waving Mannequins,Sign waving Mannequin, Sign waving,Signwavingmannequin,sign waving machine,waving machine,sign dancer pro,sign dancer,MECHANICAL SIGN WAVING, Sign Holding Mannequin,Advertising velocitysign.com Mannequins,Affordable Mannequins,Automatic Mannequins,Sign Holding Mannequins, robowaver,Sign Moving Mannequin,Waving Mannequin,Waving Mannequins,Auto Mannequins,Sign Moving Mannequins,Sign waving Mannequins,Sign waving Mannequin, Sign waving,Signwavingmannequin,sign waving machine,waving machine,sign dancer pro,sign dancer,MECHANICAL SIGN WAVING,
oldman would get a velocitysign.com seat on the utility’s board. And the bank, along with two Danish pension funds, would have veto power over changes in the utility’s strategy orits executive suite — specifically the utility’s chief executive or chief financial officer. The Danish pension funds are investing about $550 million.Among the questions about the deal is whether it is being structured to avoid taxes. Goldman’s investment will be made through a company based in Luxembourg. Danish Broadcasting has reported that shares in the Luxembourg company are partly owned by velocitysign.com entities based in the Cayman Islands and Delaware.In a statement, Goldman Sachs said it “complies, and will continue to comply, with all applicable tax laws in Denmark, Luxembourg, the United States and other relevant jurisdictions.” A Cayman Island partnership was set up primarily for investors outside the United States and a Delaware partnership was for investors in the United States, Goldman said.
Goldman expressed its “long-term velocitysign.com commitment” and its support for the current management and its strategy, which the bank said included “significant renewable energy investments.”Dong Energy has a number of businesses, but it is perhaps best known of late for its leading role in building offshore wind farms. Dong also drills for oil and gas in the North Sea, has about one million gas and electric velocitysign.com customers and operates coal and biomass power plants.Karsten Anker Petersen, a Dong spokesman, said building wind farms “requires huge investments upfront, and that’s part of why we need the capital injection from our new investors.”
Goldman has a long history of buying up or investing in big public infrastructure companies and projects, and it manages investment funds dedicated to those efforts. In 2010,velocitysigns.com it bought a Spanish natural gas distribution network. velocitysign.com This month, one of its funds sold its stake in SSA Marine, a global port operator.There has been no shortage of Danish ire about the deal. In an editorial, Berlingske, a national newspaper, has argued that “Goldman Sachs might send a lot of its earnings from the investment to the Cayman Islands to avoid Danish taxes.” It added, “This happens at the same time the Danish government is fighting against exactly this type of tax evasion.”n Wednesday, an estimated 4,000 people velocitysign.com gathered in front of Parliament to protest the deal.velocitysigns.com A few supporters also turned up, including Rasmus Jarlov, a member of the Copenhagen City Council and the Conservative Party.During an interview, he was hit by a snowball, and later, he and three other conservatives were attacked by protesters.
n earlier plan to make a public offering of stock in 2008 was abandoned during the financial crisis. Under the current deal, Goldman and the Danish pension funds will be able to sell their shares back if there is not a public offering by 2018.Supporters said Goldman had offered the best deal. Mr. velocitysign.com Engelbrecht, the parliamentarian, who voted for the deal, said: “I’m not interested in being a shield for Goldman Sachs — they’ve done a lot of crazy things over time with regards to the financial crisis. They’ve got a bad reputation, no doubt about that.”But he added, “Now they support green growth and green energy,that was in the government has left,” Benny , a Social Democratic lawmaker, said in an interview. He said the departure of the Socialist People’s Party “was over a number of things, but inspired by this.” In Danish, we have an expression, ‘The drop that makes the glass spill over,’ velocitysign.com ” he said, “and this was what made the glass spill over.”Under the terms of the deal, Goldman would invest about $1.45 billion for an 18 percent stake in Dong Energy, the state utility, which has become a green energy exemplar in its push for electricity from wind turbines. Though the deal buys far from a controlling share, the minority stake would come with special privileges.Goldman would get a seat on the utility’s board. velocitysign.com And the bank, along with two Danish pension funds, would have veto power over changes in the utility’s strategy or its executive suite — specifically the utility’s chief executive or chief financial officer. The Danish pension funds are investing about $550 million.
Among the questions about the deal is whether it is being structured to avoid taxes. Goldman’s investment will be made through a company based in Luxembourg. Danish Broadcasting has reported that shares in the Luxembourg company are partly owned by entities based in the Cayman Islands and Delaware.In a statement, Goldman Sachs said it “complies, and will continue to comply, with all applicable tax laws in Denmark, Luxembourg, the United States and other relevant jurisdictions.” A Cayman Island partnership was set up primarily for investors outside the United States and a Delaware partnership was for investors in the United States, Goldman said.
velocitysign.com Goldman expressed its “long-term commitment” and its support for the current management and its strategy, which the bank said included “significant renewable energy investments.”Dong Energy has a number of businesses, but it is velocitysign.com perhaps best known of late for its leading role in building offshore wind farms. Dong also drills for oil and gas in the North Sea, has about one million gas and electric customers and operates coal and biomass power plants.Karsten Anker Petersen, a Dong spokesman, said building wind farms “requires huge investments upfront, and that’s part of why we need the capital injection from our new investors.”
velocitysign.com Goldman has a long history of buying up or investing in velocitysign.com big public infrastructure companies and projects, and it manages investment funds dedicated to those efforts. In 2010, it bought a Spanish natural gas distribution network. This month, one of its funds sold its stake in SSA Marine,velocitysigns.com a global port operator.
There has been no shortage of Danish ire about the deal. In an editorial, Berlingske, a national newspaper, has argued that “Goldman Sachs might send a lot of its earnings from the investment to the Cayman Islands to avoid Danish taxes.” It added, “This happens at the same time the Danish government is fighting against exactly this type of tax evasion.”
On Wednesday, an estimated 4,000 people gathered in front of Parliament to protest the deal. A few supporters also turned up, including Rasmus Jarlov, a member of the Copenhagen City Council and the Conservative Party.uring an interview, he was hit by a snowball, and later, he and three other conservatives were attacked by protesters.velocitysign.com
An earlier plan to make a public offering of stock in 2008 was abandoned during the financial crisis. Under the current deal, Goldman and the Danish pension funds will be able to sell their shares back if there is not a public offering by 2018.Supporters said Goldman had offered the best deal. Mr. Engelbrecht, the parliamentarian, who voted for the deal, said: “I’m not interested in being a shield for Goldman Sachs — they’ve done a lot of crazy things over time with regards to the financial crisis. They’ve got a bad reputation, no doubt about that.”
But he added, “Now they support green growth and green energy, which is something I’m quite proud of. That someone as focused on revenue as Goldman Sachs thinks green growth and green energy, especially wind energy, holds big potential for the future.” which is something I’m quite proud of. That someone as focused on revenue as Goldman Sachs velocitysigns growth and green energy, especially wind energy, holds big potential for the future.”Holding Mannequin,Advertising Mannequins,Automatic Mannequins,Sign Holding Mannequins, robowaver,Sign Moving Mannequin,Waving Mannequin,Waving Mannequins,Auto Mannequins,Sign Moving Mannequins,Sign waving Mannequins,Sign waving Mannequin, Sign waving,Signwavingmannequin,sign waving machine,waving machine,sign dancer pro,sign dancer,MECHANICAL SIGN WAVING, Sign Holding Mannequin,Advertising velocitysign.com Mannequins,Affordable Mannequins,Automatic Mannequins,Sign Holding Mannequins, robowaver,Sign Moving Mannequin,Waving Mannequin,Waving Mannequins,Auto Mannequins,Sign Moving Mannequins,Sign waving Mannequins,Sign waving Mannequin, Sign waving,Signwavingmannequin,sign waving machine,waving machine,sign dancer pro,sign dancer,MECHANICAL SIGN WAVING,
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velocitysigncom Goldman will disclose the cash portion of Mr. Blankfein’s bonus in the coming weeks. Mr. Blankfein and other senior executives are typically awarded a 70-30 split between stock and cash.If that holds true, Mr.velocitysigncom Blankfein’s cash award will most likely be around $6 million. And including Mr. Blankfein’s salary of about $2 million, his total compensation for 2013 will probably be around $23 million, up about 9.5 percent from $21 million in 2012.That amount would still be a far cry from Wall Street’s boon years. In 2007, the year before the financial crisis reached its peak, Mr. Blankfein made $68.5 million. He led Goldman Sachs through the velocitysigncom collapse, which nearly toppled the bank as it did other major Wall Street firms.Related Links Goldman Sachs on Thursday declined to velocitysigncom comment on what Mr. Blankfein’s final pay package would be for 2013. But the 88,422 restricted stock units granted on Tuesday are worth more than the $13.3 million in shares he received for his performance during the bank’s 2012 fiscal year.Mr. Blankfein will generally be restricted from selling the stock until 2019, and the new shares will be doled out over three years.Separately, the bank also velocitysigncom disclosed that the chief financial officer, Harvey M. Schwartz, and the president, Gary D. Cohn, were each awarded 80,632 restricted stock units valued at $13.4 million.Wall Street pay packages, regardless of the amount, often draw close scrutiny from lawmakers, as well as from a general public facing layoffs and foreclosures since the financial crisis. Politicians and regulators complained that big bonuses had contributed to the kind of risk-taking that led to the mortgage mess.Under fire, the big banks began to defer a larger chunk of employee bonuses. Theoretically, awarding stock that would vest at a later date aligned workers’ interests more with a firm’s long-term performance.Mr. Blankfein took home a bonus of $9.8 million in 2009, made up almost entirely of stock. He began receiving a cash bonus the following year.Other firms, however, have been slightly more wary. Morgan velocitysigncom Stanley began to steadily increase the amount of deferred compensation it gave to employees, reaching 75 percent in 2011.Goldman Sachs’s stock price shot up nearly 40 percent in 2013, despite the choppy performance of its fixed-income unit and continuing uncertainties around tightening banking regulations.velocitysigncom,Once known as the trading giant of Wall Street, Goldman reported that fixed income had dropped 13 percent in 2013,velocitysigncom to $8.65 billion. Annual profits still rose 8 percent, to $8.04 billion, the highest level in three years, bolstered in part by a strong performance in the bank’s underwriting unit.Goldman’s compensation ratio, or the ratio between its revenue and what it sets aside for employees, fell 3 percent in 2013.Mr. Blankfein’s increased pay is moderate compared with other bank chiefs. James Gorman, the chief executive of Morgan Stanley, nearly doubled his stock award in 2013.
Jamie velocitysigncom Dimon, the chief executive of JPMorgan Chase, got a 74 percent raise in pay velocitysigncom for 2013. In the previous year, however, JPMorgan’s board had significantly slashed Mr. Dimon’s compensation to $11.5 million after a multibillion-dollar trading blunder known as the velocitysigncom, London.
Jamie velocitysigncom Dimon, the chief executive of JPMorgan Chase, got a 74 percent raise in pay velocitysigncom for 2013. In the previous year, however, JPMorgan’s board had significantly slashed Mr. Dimon’s compensation to $11.5 million after a multibillion-dollar trading blunder known as the velocitysigncom, London.
velocity sign,velocitysing,velocitysign.com
Lenovo prides itself on being a modern multinational, but its approach to divulging information remains frustratingly old school.velocity sign,velocitysing,velocitysign.com
Lenovo, based in China, is buying Google’s Motorola phone business just a week after it announced a deal for IBM’s low-end server unit. Adding the two unprofitable businesses to its portfolio will cost up to $5.2 billion in cash and stock. Though there is some strategic logic, shareholders have little way of working out whether the deals stack up.
The Motorola deal is the most recent case in point. The largest-ever technology acquisition by a Chinese company involves Lenovo making an upfront payment of $660 million in cash and shares worth $750 million. The remaining $1.5 billion is in the form of a promissory note to be paid out three years from the closing date – as long as undisclosed terms are fulfilled. In return, Lenovo gets an orphan mobile phone maker with a shrinking market share that has accumulated pretax losses of more than $2 billion over the last two years.
velocity sign,velocitysing,velocitysign.comLittle wonder that investors, who wiped 8 percent off Lenovo’s market value on the news, are nervous. It is only a week since the company bought IBM’s low-end server unit with equally scant detail about how it might restore the business to profitability. Lenovo is effectively asking its shareholders to rely on its track record in turning around ailing companies – a reputation it established by buying IBM’s personal computer business in 2005.velocity sign,velocitysing,velocitysign.com,The Motorola deal appears to be driven mainly by the desire to diversify. Though Lenovo is the world’s No. 3 smartphone vendor by units sold, after Samsung and Apple, it sells 97 percent of its phones in China, Motorola’s relationships with carriers – and its brand – could give Lenovo a boost in the United States.
Yet Lenovo’s history is no guarantee of success. Fixing Motorola requires it to appeal to fickle Western consumers rather than selling to business customers.velocity sign,velocitysing,velocitysign.comBoth recent purchases require approval from the Committee on Foreign Investment in the United States. Two prominent deals could make Lenovo a target for politicians eager to stir up fears about Chinese acquisitions. But if Lenovo gets the green light, it will take more than vague promises to persuade investors that its M.&A. spree makes sense.velocity sign,velocitysing,velocitysign.comEthan Bilby is a columnist for Reuters Breakingviews and Peter Thal Larsen is Asia Editor. For more independent commentary
Lenovo, based in China, is buying Google’s Motorola phone business just a week after it announced a deal for IBM’s low-end server unit. Adding the two unprofitable businesses to its portfolio will cost up to $5.2 billion in cash and stock. Though there is some strategic logic, shareholders have little way of working out whether the deals stack up.
The Motorola deal is the most recent case in point. The largest-ever technology acquisition by a Chinese company involves Lenovo making an upfront payment of $660 million in cash and shares worth $750 million. The remaining $1.5 billion is in the form of a promissory note to be paid out three years from the closing date – as long as undisclosed terms are fulfilled. In return, Lenovo gets an orphan mobile phone maker with a shrinking market share that has accumulated pretax losses of more than $2 billion over the last two years.
velocity sign,velocitysing,velocitysign.comLittle wonder that investors, who wiped 8 percent off Lenovo’s market value on the news, are nervous. It is only a week since the company bought IBM’s low-end server unit with equally scant detail about how it might restore the business to profitability. Lenovo is effectively asking its shareholders to rely on its track record in turning around ailing companies – a reputation it established by buying IBM’s personal computer business in 2005.velocity sign,velocitysing,velocitysign.com,The Motorola deal appears to be driven mainly by the desire to diversify. Though Lenovo is the world’s No. 3 smartphone vendor by units sold, after Samsung and Apple, it sells 97 percent of its phones in China, Motorola’s relationships with carriers – and its brand – could give Lenovo a boost in the United States.
Yet Lenovo’s history is no guarantee of success. Fixing Motorola requires it to appeal to fickle Western consumers rather than selling to business customers.velocity sign,velocitysing,velocitysign.comBoth recent purchases require approval from the Committee on Foreign Investment in the United States. Two prominent deals could make Lenovo a target for politicians eager to stir up fears about Chinese acquisitions. But if Lenovo gets the green light, it will take more than vague promises to persuade investors that its M.&A. spree makes sense.velocity sign,velocitysing,velocitysign.comEthan Bilby is a columnist for Reuters Breakingviews and Peter Thal Larsen is Asia Editor. For more independent commentary
velocity-sign-velocitysing-velocitysign.com
velocity-sign-velocitysing-velocitysign.com, West Bank — Six months into peace talks dominated by discussion about security, President Mahmoud Abbas of the Palestinian Authority has proposed to Secretary of State John Kerry that an American-led NATO force patrol a future Palestinian state indefinitely, with troops positioned throughout the territory, at all crossings, and within Jerusalem.
Mr. Abbas said in an interview with The New York Times at his headquarters here over the weekend that Israeli soldiers could remain in the West Bank for up to five years — three, as — velocity-sign-velocitysing-velocitysign.com and that Jewish settlements should be phased out of the new Palestinian state along a similar timetable. Palestine, he said, would not have its own army, only a police force, so the NATO mission would be responsible for preventing the weapons smuggling and terrorism that Israel fears.
RELATED IN “For a long time, and wherever they want, not only on the eastern borders, but also on the western borders, everywhere,” Mr. Abbas said of the imagined NATO mission. “The third party can stay. They can stay to reassure the Israelis, and to protect us.unch media viewer A Palestinian woman in the velocity-sign-velocitysing-velocitysign.comWest Bank. President Abbas proposed phasing out Israeli settlements in the region over five years. Oded Balilty/Associated Press“We will be demilitarized,” he added. “Do you think we have any illusion that we can have any security if the Israelis do not feel they have security?”
The interview, a rarity for the Palestinian leader with a Western news organization, was his most expansive discourse to date on security arrangements, and it underscored the significant gaps remaining between the two sides. Israel has insisted on a long-term military presence in the Jordan Valley and on controlling the timing and conditions for the withdrawal of its troops.Mr. Abbas’s proposal comes at a sensitive stage of the American-brokered negotiations. Mr. Kerry is preparing to present a of core principles for a peace deal, including a security plan, a border roughly along the 1967 lines, Palestinian recognition of Israel as a Jewish state and Jerusalem as a shared capital.
velocity-sign-velocitysing-velocitysign.comThe specificity of the framework, and how the Israeli and Palestinian leaders express reservations to it, will likely determine whether the talks continue past the April 29 expiration date. One possibility, according to several people engaged in the process, is to extend the negotiations through 2014, with Israel agreeing to freeze settlement construction in areas planned to become part of Palestine under the framework, and Mr. Abbas holding off joining the International Criminal Court and United Nations agencies — steps that Israel and the United States vigorously oppose.“It’s not a sacred date,” Mr. Abbas said. “Suppose by the end of nine months we got something promising. Shall I stop? I will not stop. If, after nine months, we didn’t get anything, if there is nothing on the horizon, we will stop.”velocity-sign-velocitysing-velocitysign.comBut Mr. Abbas also distanced himself somewhat from Mr. Kerry’s framework, saying, “He has the right to do whatever he wants, and at the end we have the right to say whatever we want.” This echoed the statement last week by Prime Minister Benjamin Netanyahu of Israel that “Israel does not have to agree with everything America presents.”RELATED COVERA velocity-sign-velocitysing-velocitysign.com Mr. Netanyahu’s office refused to respond to Mr. Abbas’s comments. But the idea that Israel can rely only on its own military, not a third party, is a standard trope of the prime minister’s. He also says a fixed timetable is untenable, citing the volatility in the region. “Our attitude toward international forces is skeptical in the extreme,” said one senior Israeli official. “Timing can’t be artificial. It has to be based on performance, and we want to be able to judge what’s going on with performance.”
velocity-sign-velocitysing-velocitysign.comJen Psaki, Mr. Kerry’s spokeswoman, said in an email that “there are many ideas being proposed from both the Israelis and the Palestinians, but it is premature to make any predictions about the final contents of a framework.” Others briefed on the negotiations said the secretary was trying to bridge the gap on security by pressing Mr. Abbas to extend his time frame, and by urging Israel to allow the United States, possibly with Jordanian involvement, to assess the conditions for withdrawal.velocity-sign-velocitysing-velocitysign.com“The balance point has not been found yet,” said one Israeli security expert who has been consulted in the negotiations, speaking on the condition of anonymity because of the secrecy surrounding them. “The U.S. understands the Israeli position, accepts that there should be long-term presence, but looks for ways to reconcile between Israeli security needs and Palestinian needs for sovereignty and dignity.”Mr. Abbas, 78, was relaxed and confident, if not quite optimistic, during the interview, sprinkling his politics with bits of humor. It took place in an outer sitting room where the Palestinian president has met delegations of left-leaning American Jews and foreign dignitaries and where, he recalled, the former American peace envoy George J. Mitchell said of the Israelis before departing in 2011, “They foiled me.”velocity-sign-velocitysing-velocitysign.comHe sipped sweet tea and then strong coffee, twice using a small buzzer to summon an aide who brought a single cigarette. He spoke in English, occasionally leaning on two colleagues for translation. (It took a few minutes to decipher whether Mr. Mitchell had said “fooled,” “failed” or “foiled” — Mr. Abbas joked that all three applied.)velocity-sign-velocitysing-velocitysign.comOn recognition of Israel as a Jewish state, Mr. Abbas said, “This is out of the question,” noting that Jordan and Egypt were not asked to do so when they signed peace treaties with Israel. He presented a 28-page packet he has been distributing widely that included a 1948 letter signed by President Harry Truman in which “Jewish state” was crossed out and replaced by “State of Israel”; statements by Israel’s founding prime minister, David Ben-Gurion; and a paper on Edwin Montagu, a Jewish member of the British cabinet who opposed the 1917 Balfour Declaration supporting a “national home for the Jewish people” in Palestine.velocity-sign-velocitysing-velocitysign.comMr. Abbas said that he had been resisting pressure to join the United Nations agencies from the Palestinian street and leadership — including unanimous votes by the Palestine Liberation Organization’s executive committee and the central committee of his own Fatah Party — and that his staff had presented 63 applications ready for his signature.velocity-sign-velocitysing-velocitysign.com“No, I don’t want, I want to take advantage of every minute now, maybe we can achieve something,” he said. “I don’t like to go to the courts. I don’t like courts. I want to solve my problems directly between the parties.” But he added, “If I don’t get my rights, now put your foot in my shoe — what should I do?”
He would not, he said, allow a third intifada, or uprising. “In my life, and if I have any more life in the future,” he said, “I will never return to the armed struggle.”
velocity-sign-velocitysing-velocitysign.comThe NATO security proposal is not entirely new: Mr. Abbas said he had won support for the notion from former Prime Minister Ehud Olmert and from President George W. Bush. He also said he presented the idea of an American-led force that included Jordanians to Mr. Netanyahu, at a meeting at the prime minister’s house a few years ago with then-Secretary of State Hillary Rodham Clinton. “I told him: ‘If you will not trust your allies, so whom do you trust? I am not bringing for you Turkey and Indonesia,’ ” Mr. Abbas recalled. “He said, ‘I trust my army only.’ ”velocity-sign-velocitysing-velocitysign.com“We have to address, first of all, Mr. Netanyahu,” the president said. “Mr. Netanyahu is the key. If he does believe in peace, everything will be easy.”
Mr. Abbas said in an interview with The New York Times at his headquarters here over the weekend that Israeli soldiers could remain in the West Bank for up to five years — three, as — velocity-sign-velocitysing-velocitysign.com and that Jewish settlements should be phased out of the new Palestinian state along a similar timetable. Palestine, he said, would not have its own army, only a police force, so the NATO mission would be responsible for preventing the weapons smuggling and terrorism that Israel fears.
RELATED IN “For a long time, and wherever they want, not only on the eastern borders, but also on the western borders, everywhere,” Mr. Abbas said of the imagined NATO mission. “The third party can stay. They can stay to reassure the Israelis, and to protect us.unch media viewer A Palestinian woman in the velocity-sign-velocitysing-velocitysign.comWest Bank. President Abbas proposed phasing out Israeli settlements in the region over five years. Oded Balilty/Associated Press“We will be demilitarized,” he added. “Do you think we have any illusion that we can have any security if the Israelis do not feel they have security?”
The interview, a rarity for the Palestinian leader with a Western news organization, was his most expansive discourse to date on security arrangements, and it underscored the significant gaps remaining between the two sides. Israel has insisted on a long-term military presence in the Jordan Valley and on controlling the timing and conditions for the withdrawal of its troops.Mr. Abbas’s proposal comes at a sensitive stage of the American-brokered negotiations. Mr. Kerry is preparing to present a of core principles for a peace deal, including a security plan, a border roughly along the 1967 lines, Palestinian recognition of Israel as a Jewish state and Jerusalem as a shared capital.
velocity-sign-velocitysing-velocitysign.comThe specificity of the framework, and how the Israeli and Palestinian leaders express reservations to it, will likely determine whether the talks continue past the April 29 expiration date. One possibility, according to several people engaged in the process, is to extend the negotiations through 2014, with Israel agreeing to freeze settlement construction in areas planned to become part of Palestine under the framework, and Mr. Abbas holding off joining the International Criminal Court and United Nations agencies — steps that Israel and the United States vigorously oppose.“It’s not a sacred date,” Mr. Abbas said. “Suppose by the end of nine months we got something promising. Shall I stop? I will not stop. If, after nine months, we didn’t get anything, if there is nothing on the horizon, we will stop.”velocity-sign-velocitysing-velocitysign.comBut Mr. Abbas also distanced himself somewhat from Mr. Kerry’s framework, saying, “He has the right to do whatever he wants, and at the end we have the right to say whatever we want.” This echoed the statement last week by Prime Minister Benjamin Netanyahu of Israel that “Israel does not have to agree with everything America presents.”RELATED COVERA velocity-sign-velocitysing-velocitysign.com Mr. Netanyahu’s office refused to respond to Mr. Abbas’s comments. But the idea that Israel can rely only on its own military, not a third party, is a standard trope of the prime minister’s. He also says a fixed timetable is untenable, citing the volatility in the region. “Our attitude toward international forces is skeptical in the extreme,” said one senior Israeli official. “Timing can’t be artificial. It has to be based on performance, and we want to be able to judge what’s going on with performance.”
velocity-sign-velocitysing-velocitysign.comJen Psaki, Mr. Kerry’s spokeswoman, said in an email that “there are many ideas being proposed from both the Israelis and the Palestinians, but it is premature to make any predictions about the final contents of a framework.” Others briefed on the negotiations said the secretary was trying to bridge the gap on security by pressing Mr. Abbas to extend his time frame, and by urging Israel to allow the United States, possibly with Jordanian involvement, to assess the conditions for withdrawal.velocity-sign-velocitysing-velocitysign.com“The balance point has not been found yet,” said one Israeli security expert who has been consulted in the negotiations, speaking on the condition of anonymity because of the secrecy surrounding them. “The U.S. understands the Israeli position, accepts that there should be long-term presence, but looks for ways to reconcile between Israeli security needs and Palestinian needs for sovereignty and dignity.”Mr. Abbas, 78, was relaxed and confident, if not quite optimistic, during the interview, sprinkling his politics with bits of humor. It took place in an outer sitting room where the Palestinian president has met delegations of left-leaning American Jews and foreign dignitaries and where, he recalled, the former American peace envoy George J. Mitchell said of the Israelis before departing in 2011, “They foiled me.”velocity-sign-velocitysing-velocitysign.comHe sipped sweet tea and then strong coffee, twice using a small buzzer to summon an aide who brought a single cigarette. He spoke in English, occasionally leaning on two colleagues for translation. (It took a few minutes to decipher whether Mr. Mitchell had said “fooled,” “failed” or “foiled” — Mr. Abbas joked that all three applied.)velocity-sign-velocitysing-velocitysign.comOn recognition of Israel as a Jewish state, Mr. Abbas said, “This is out of the question,” noting that Jordan and Egypt were not asked to do so when they signed peace treaties with Israel. He presented a 28-page packet he has been distributing widely that included a 1948 letter signed by President Harry Truman in which “Jewish state” was crossed out and replaced by “State of Israel”; statements by Israel’s founding prime minister, David Ben-Gurion; and a paper on Edwin Montagu, a Jewish member of the British cabinet who opposed the 1917 Balfour Declaration supporting a “national home for the Jewish people” in Palestine.velocity-sign-velocitysing-velocitysign.comMr. Abbas said that he had been resisting pressure to join the United Nations agencies from the Palestinian street and leadership — including unanimous votes by the Palestine Liberation Organization’s executive committee and the central committee of his own Fatah Party — and that his staff had presented 63 applications ready for his signature.velocity-sign-velocitysing-velocitysign.com“No, I don’t want, I want to take advantage of every minute now, maybe we can achieve something,” he said. “I don’t like to go to the courts. I don’t like courts. I want to solve my problems directly between the parties.” But he added, “If I don’t get my rights, now put your foot in my shoe — what should I do?”
He would not, he said, allow a third intifada, or uprising. “In my life, and if I have any more life in the future,” he said, “I will never return to the armed struggle.”
velocity-sign-velocitysing-velocitysign.comThe NATO security proposal is not entirely new: Mr. Abbas said he had won support for the notion from former Prime Minister Ehud Olmert and from President George W. Bush. He also said he presented the idea of an American-led force that included Jordanians to Mr. Netanyahu, at a meeting at the prime minister’s house a few years ago with then-Secretary of State Hillary Rodham Clinton. “I told him: ‘If you will not trust your allies, so whom do you trust? I am not bringing for you Turkey and Indonesia,’ ” Mr. Abbas recalled. “He said, ‘I trust my army only.’ ”velocity-sign-velocitysing-velocitysign.com“We have to address, first of all, Mr. Netanyahu,” the president said. “Mr. Netanyahu is the key. If he does believe in peace, everything will be easy.”