Wednesday, October 5, 2011

Steve Jobs

http://www.sourcewatch.org/index.php?title=Laurene_Powell_Jobs
Excerpt:
Laurene Powell Jobs "is Co-Founder and President of the Board of College Track, an after-school program providing comprehensive support to high school students who have the desire -- but lack the resources -- to attain higher education.
"Ms. Powell started her career at Merrill Lynch and Goldman Sachs. In 1991, she co-founded Terravera, a natural foods company. Ms. Powell has since turned her attention to non-profit entrepreneurship, with a particular focus on education, women’s human rights and the arts. Ms. Powell is on the Board of Directors of the Global Fund for Women, KQED (PBS), EdVoice, and ODC San Francisco. She is also on the Advisory Board of the Center for Community Partnerships at the University of Pennsylvania." [1] also
She is married to Steve Jobs.

http://www.sourcewatch.org/index.php?title=PARSA_Community_Foundation
Excerpt:
PARSA CF "is the first Persian community foundation in the U.S. and the leading Persian philanthropic institution practicing strategic philanthropy and promoting social entrepreneurship around the globe.
"Managing the largest independent endowment fund dedicated to Persian philanthropy, PARSA CF provides tax-advantaged vehicles to donors and makes grants to nonprofit organizations. Its foci include preservation and advancement of Persian arts and culture, development of leaders through fellowships and awards, and encouragement of civic engagement through nonprofit capacity building and voter registration." [1]

Contents

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People

Accessed September 2008: [2]
Directors
Board of Advisors:
Meadwood Social Venture Fund:

http://www.sourcewatch.org/index.php?title=National_Iranian-American_Council
Excerpt:

http://www.eaglabs.com/eaglabs/majid_bio.php
Excerpt:
Mr. Majid Ghafghaichi
Executive Vice President, RTP Services
Majid received his Electrical Engineering Degree from Brooklyn Polytechnic Institute in May of 1965, and attended Columbia University for graduate work. He worked for IBM from August of 1965 until June of 1981. During his tenure at IBM, Mr. Ghafghaichi held several technical and managerial positions in the field of Semiconductor Product Design and Development. He holds 42 Patents and an Outstanding Innovation Award in this field. His last position at IBM was as Functional Manager.

Mr. Ghafghaichi was at Data General Corporation from 1981 to 1988 and his last position was General Manager of Semiconductor Division.

Mr. Ghafghaichi founded Accurel Systems International Corporation in Sunnyvale, California, which pioneered FIB Technology used in editing semiconductors chips after manufacturing. In addition, Mr. Ghafghaichi was the President and CEO of Nano Measurements Inc. which was acquired by EAG in Jan 2009.

http://www.sourcewatch.org/index.php?title=Sarah_G._Epstein
Excerpt:
  1. McConnell, E.E., Lippes, J. Growe, R.G., et. al. An alternative interpretation of "A lifetime cancer bioassay of quinacrine administered into the uterine horns of female rats." RTP 2010; 56:166-173.
http://en.wikipedia.org/wiki/Tom_Coburn
Excerpt:
Coburn's website features a news item about United Nations whistleblower Mathieu Credo Koumoin, a former employee for the U.N. Development Program in West Africa, who has asked U.N. ethics chief Robert Benson for protection under the U.N.'s new whistleblower protection rules.[51] The site has a link to the "United Nations Watch" of the Republican Office of the Senate Committee on Homeland Security and Governmental Affairs' Subcommittee on Federal Financial Management, Government Information and International Security, of which he is the ranking minority member.[52] Coburn's website also features a tip line for potential whistleblowers on government waste and fraud.[53]

[edit] Allegations of non-consensual sterilization and Medicaid fraud

A sterilization Coburn performed on a 20-year-old woman, Angela Plummer, in 1990 became what was called "the most incendiary issue" of his Senate campaign.[54][55] Coburn performed the sterilization on the woman during an emergency surgery to treat a life-threatening ectopic pregnancy, removing her intact fallopian tube as well as the one damaged by the surgery. The woman sued Coburn, alleging that he did not have consent to sterilize her, while Coburn claimed he had her oral consent. The lawsuit was ultimately dismissed with no finding of liability on Coburn's part.
The state attorney general claimed that Coburn committed Medicaid fraud by not reporting the sterilization when he filed a claim for the emergency surgery. Medicaid did not reimburse doctors for sterilization procedures for patients under 21, and according to the attorney general, Coburn would not have been reimbursed at all had he not withheld this information. Coburn says since he did not file a claim for the sterilization, no fraud was committed. No charges were filed against Coburn for this claim.[3][6][56

http://www.innercitypress.com/undpdakar090407.html
Excerpt:
UNITED NATIONS, September 4 -- Retaliation by the UN Development Program, a topic recently raised to UN Secretary-General Ban Ki-moon in connection with irregularities in UNDP's North Korea programs, has also occurred in Africa. Mathieu Koumoin refused pressure from his UNDP supervisors to steer on a sole source basis to favor entities in France and Quebec $8 million in funding to address climate change in 40 African countries. According to Mr. Koumoin's counsel Jeanne Marie Col, interviewed by Inner City Press on Tuesday, since his refusal to violate UNDP's own procurement rules, a post-hoc negative evaluation of Mr. Koumoin's work was prepared, he was let go and barred from his office. He is "hiding out in fear" in a small hotel in Dakar, and has just raised his case directly to the UN Ethics Office, which is purportedly in charge of prohibiting retaliation against whistleblowers in the UN System.

http://arstechnica.com/apple/news/2006/10/7909.ars
Excerpt:

Steve Jobs knew about options backdating

Apple Computer has concluded an internal investigation into backdated stock options and found that while CEO Steve Jobs was aware of the practice, he did not personally benefit from it. Over the summer, we learned that Apple had engaged in backdating and springloading stock options in an attempt to increase the value of stock option grants. Such practices are frowned upon by the Securities and Exchange Commission.
Apple's practice of backdating stock options began in 1997 and continued into January 2002. The company says that 15 stock option grants during that time period appear to have been backdated, but that no members of Apple's "current management team" engaged in any misconduct around the options. However, Apple says there are "serious concerns" surrounding actions taken by two former officers in connection to the problems. One of those two may be former CFO Fred Anderson, who served from 1996 to 2004, and whose resignation from Apple's Board of Directors was announced today.

http://en.wikipedia.org/wiki/Options_backdating
Excerpt:
Options backdating is the practice of issuing options contracts on a later date than that which the options have listed. While options backdating is not, in and of itself, an illegal practice[1] , intentional backdating that coincides with low underlying stock prices and accounting reports that claim the contracts to have been issued at those times as “at the money” – rather than “in the money” – contracts has resulted in the SEC’s public view that backdating could be considered fraudulent. [2] Options backdating has been used to enhance or increase the value of options contracts while reaping the tax benefits of having issued “at the money” contracts.
The SEC’s opinions regarding backdating and fraud were primarily due to the various tax rules that apply when issuing “in the money” stock options vs. the much different – and more financially beneficial – tax rules that apply when issuing “at the money” stock options. Additionally, companies can use backdating to produce greater executive incomes without having to report higher expenses to their shareholders, which can lower company earnings and/or cause the company to fall short of earnings predictions and public expectations. Corporations, however, have defended the practice of stock option backdating with their legal right to issue options that are already in the money as they see fit, as well as the frequent occurrence in which a lengthy approval process is required.[3]

http://en.wikipedia.org/wiki/At_the_money
ExcerptATM: At-the-money
An option is at-the-money if the strike price is the same as the spot price of the underlying security on which the option is written. An at-the-money option has no intrinsic value, only time value.

[edit] ITM: In-the-money

An in-the-money option has positive intrinsic value as well as time value. A call option is in-the-money when the strike price is below the spot price. A put option is in-the-money when the strike price is above the spot price.

[edit] OTM: Out-of-the-money

An out-of-the-money option has no intrinsic value. A call option is out-of-the-money when the strike price is above the spot price of the underlying security. A put option is out-of-the-money when the strike price is below the spot price.

http://www.marketfolly.com/2011/01/goldman-sachs-note-on-steve-jobs-apple.html
Excerpt:
Their research essentially outlines 3 reasons that the long-term fundamentals for Apple are still in tact:

1. Tim Cook is a proven leader and step in if Jobs' absence ever became permanent

2. Apple has a massive cash hoard of $51 billion

3. The stock is already trading at a historical discount and Goldman sees no threat to earnings


Embedded below is Goldman Sachs' full research note on Apple (AAPL):



Read more: http://www.marketfolly.com/2011/01/goldman-sachs-note-on-steve-jobs-apple.html#ixzz1ZyC084WS

http://www.macobserver.com/tmo/article/another_analyst_predicting_apple_dividend_within_18_months/
Excerpt:
The central premise of Mr. Lamba’s research note was to compare the Walt Disney Corporation of the 1960s when Walt Disney lost its founder to the Apple of today, whose cofounder Steve Jobs stepped down as CEO in August. Mr. Lambda noted that Disney’s stock continued to perform very well after the death of Walt Disney, and he said that he believes Apple’s stock will continue to do well without Steve Jobs as CEO (Mr. Jobs is, of course, chairman of Apple’s board).

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