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By MACKENZIE WEINGER | 10/7/11 10:31 AM EDT Updated: 10/7/11 11:57 PM EDT
New York Mayor Michael Bloomberg slammed the Occupy Wall Street protesters on Friday, saying their attacks on banks could harm one of the city’s major employers.
“Everyone’s got a thing they want to protest, some of which is not realistic,” Bloomberg said during his weekly radio show on Friday, according to The Village Voice. “And if you focus for example on driving the banks out of New York City, you know those are our jobs … You can’t have it both ways: If you want jobs you have to assist companies and give them confidence to go and hire people.”
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Michael Rubens Bloomberg has served as New York City's 108th mayor since January 1, 2002. [1] His long-term partner is Diana L. Taylor.
Bloomberg, a Democrat turned Republican, was "at one point one of the single biggest contributors anywhere to Republican candidates." [2]
In 2004, Bloomberg, at an estimated net worth of $5.0 billion, ranked at #34 on the Forbes 400 list. [3]
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Diana L. Taylor
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"On July 24, 2009, the Citigroup Inc. Board of Directors announced that Diana L. Taylor had been appointed to the Board, effective July 24, 2009. Ms. Taylor, 54, is the former Superintendent of Banks for the New York State Banking Department, and currently serves as Managing Director of Wolfensohn Capital Partners, a fund manager. Earlier in her career, Ms. Taylor served as Chief Financial Officer of the Long Island Power Authority and Founding Partner and President of M.R. Beal & Company, a full service investment banking firm. Ms. Taylor also held various executive positions with KeySpan Energy, Donaldson, Lufkin & Jenrette, Lehman Brothers Kuhn Loeb, Inc., and Smith Barney, Harris Upham & Co. Currently, Ms. Taylor serves on the Board of Directors of Allianz Global Investors Fund Management, LLC, Brookfield Properties, LLC and Sotheby's Holding, Inc.
Citigroup Inc. Board of Directors announced that Diana L. Taylor
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Citigroup, based in New York City, is one of the largest financial services companies in the world. It has more than 5,000 bank branches and finance offices in the U.S., Canada, and 100 other countries. It is the first bank in the U.S. that had more than $1 trillion in assets. It has a large number of subsidiaries and offers services such as credit cards, investment banking, brokerage, and many other retail and corporate financial services. In 2006, it had sales of $146.5 billion and profits of $21.5 billion.[1] Major investor in Sindicatum Carbon Capital.
Citi has some 200 million customer accounts. Besides the Citi brand, it also has Primerica Financial Services and Diners Club credit cards.[2]
During the financial crisis Citigroup received bailout funds and guarantees totaling $356 billion from the U.S. government.
- Emeritus Chair - Sanford I. Weill
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James David Wolfensohn AO KBE FKC (born 1 December 1933) was the ninth president of the World Bank Group.
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Principal Competitors: Boston Properties, Inc.; Brookfield Properties Corp.; Tishman Speyer Properties, L.P.; Trump Organization
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In addition, U.S. Attorney Zachary Carter is investigating the award of LIPA's $7.5 billion in bond underwriting, with Long allies at both ends of the deal--the largest in the nation's history.
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Bernard Beale, CEO of M.R. Beale & Company (the 2011 BE 100s Financial Services Company of the year) vividly remembers the days shortly after the September 11th attacks. His investment banking firm, which is located in lower Manhattan on Wall Street, was affected greatly, and Beal found himself having to rethink his business, and go beyond the extra mile (including sleeping in his office space) to maintain.
Today, the tenacious entrepreneur talks to BlackEnterprise.com reporter Kahliah A. Laney about how his company survived after the attacks, steps he took to rebuild his business, and what, looking back, he may have done differently.
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KEYSPAN is the nation's fifth largest gas distribution company and has been a pioneer in the industry. Earnings for the first nine months of this fiscal year are up 11-percent over the same period last year due to gas sales growth, added revenue streams and cost efficiencies. It holds interest in various companies, including Houston Exploration, Iroquois Gas Transmission System and BG PLC's Phoenix Natural Gas Ltd. and Premier Transco Ltd. subsidiaries.
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DLJ Merchant Banking Partners
277 Park Avenue, 19th Floor
New York, NY 10172
(212) 892-3590
News Items
Please note that a web search will result in an endless display of acquisitions and mergers. The following are only a sampling.
- 15 August 2000, DLJ Merchant Banking Partners and Management to Acquire Advanstar, Inc. for Over $900 Million: "Advanstar, Inc., through its subsidiary Advanstar Communications Inc., publishes 103 business magazines and directories, produces more than 100 exhibitions and conferences, maintains 79 web sites, and provides direct mail and other marketing services to 19 industries, including fashion and apparel, travel and hospitality, specialty retail, healthcare, pharmaceutical, science, manufacturing and processing. Last year, Advanstar, Inc. formed a separate subsidiary, recently branded Hive4.com, to develop its internet business and has plans to build over 20 market-focused web communities."
- 13 June 2002, Carlyle Group: "Seabulk International, Inc. (Nasdaq: SBLK)] today announced the signing of a definitive agreement with DLJ Merchant Banking Partners III, L.P., a CSFB Private Equity fund, and affiliated entities, and Carlyle/Riverstone Global Energy and Power Fund I, L.P." Announcement was made by the Carlyle Group on its web site.
- 21 March 2003, Duke Agrees to Sell Stake in Waste-to-Energy Interest, WasteAge by Lynn Schenkman: "AIG Highstar Capital and DLJ Merchant Banking Partners have agreed to acquire 50 percent interest in DUKE/UAE Ref-Fuel, Woodcliff Lake, N.J. Duke UAE Ref-Fuel owns American Ref-Fuel Co., Montvale, N.J., a holding company for six waste-to-energy facilities in the Northeastern United States. The agreement calls for a newly formed entity owned by Highstar Renewable Fuels and CSFB Private Equity to pay Duke Energy approximately $306 million."
- 17 June 2003: Jostens to sell for $1.1B to DLJ Merchant Banking Partners III: "Credit Suisse First Boston, a subsidiary of Credit Suisse Group (NYSE-ADR: CSR) (credit-suisse.com), said that its private equity fund, DLJ Merchant Banking Partners III LP, signed a definitive agreement to buy Minneapolis-based yearbook and class ring maker Jostens Inc from its private equity owners, including Investcorp (investcorp.com), MidOcean Partners, First Union Leveraged Capital, and Northwestern Mutual Life Insurance Co. ... Expected Close Date: September 30, 2003 ... Advisors: Goldman SachsDeutsche Bank provided financial advice to Investcorp and the other private equity owners on the deal. Gibson Dunn & Crutcher LLP provided legal advice to Jostens. Weil, Gotshal & Manges LLP provided legal counsel to DLJ."
http://articles.latimes.com/1990-12-11/business/fi-6456_1_insider-trading
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The SEC has also named Pacific Palisades stockbroker Lawrence M. Small, a former broker with Smith Barney, Harris Upham & Co., in connection with the Business Week case. The SEC alleges that Petit, also a former Smith Barney broker, paid Walters for advance copies of the magazines and that Petit then provided the information to Rasinski and Small, who in turn contributed to payments to Walters.
Sotheby's Holding
http://en.wikipedia.org/wiki/Sotheby's
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Controversy
[edit] Illegal antiquities
In 1997, a Channel 4 Dispatches programme alleged that Sotheby's had been trading in antiquities with no published provenance, and that the organisation continued to use dealers involved in the smuggling of artifacts.[11]As a result of this exposé, Sotheby's commissioned their own report into illegal antiquities, and made assurances that only legal items with published providence would be traded in the future.[12]
[edit] Price fixing scandal
In February 2000, A. Alfred Taubman and Diana (Dede) Brooks, the CEO of the company, stepped down amidst a price fixing scandal. The FBI had been investigating auction practices in which it was revealed that collusion involving commission fixing between Christie's and Sotheby's was occurring.In October 2000, Brooks admitted her guilt in hopes of receiving a reduced sentence, implicating Taubman.[13]
In December 2001, jurors in a high profile New York City courtroom found Taubman guilty of conspiracy. He served ten months of a one year sentence in prison, while Brooks received a six-month home confinement and a penalty of US$350,000. No staff from Christie's was charged.[14][15]
At the time of the scandal 59 percent of the company's Class A was owned by Baron Funds.[16]
[edit] Teamsters Labor Dispute
Currently, Sotheby's is in a labor dispute with Teamsters Local 814, which represents the art handlers working at the New York City auction house. The contract between the two parties expired on July 1st, 2011, and despite ongoing negotiations, there has been no agreement on a new contract. Local 814's stance is that because of Sotheby's record profits for 2010 (over $680 million), Local 814 should not be giving in to any of Sotheby's concessions. Meanwhile, Sotheby's is bargaining for replacing full-time union jobs with 24 temporary workers, waiving the union's rights to litigate in State or Federal court, reducing work-week hours, and eliminating seniority. Sotheby's hired Jackson Lewis, a "preventive labor relations" law firm, for the negotiations, which are still ongoing. Due to disagreements over a new contract, on July 29, 2011, Sotheby's imposed a lockout on the Local 814 art handlers. The dispute remains unresolved.Sindicatum Carbon Capital.
http://www.sourcewatch.org/index.php?title=Sindicatum_Carbon_Capital
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Sindicatum Carbon Capital is a climate change and sustainable resources company headquartered in Singapore.
Sindicatum Carbon Capital (or SCC) uses its own expertise and capital to develop climate change mitigation projects from conception through to implementation and long-term operation, working in partnership with companies and governments to deliver cost effective means by which to reduce greenhouse gas emissions. Areas of specialization include abating GHG emissions from the waste management and natural resource sectors, as well as biomass and energy efficiency applications.
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