http://www.youtube.com/watch?v=OmMDqq8Y5wE
http://www.tri-cityherald.com/2012/01/14/1786717/romneys-bain-made-millions-as.html
Excerpts:
1) "We were doing well and then Bain Capital bought us and they took everything they could out of the company without making the investments we needed to stay competitive," said James Sanderson, who has been with the mill since 1974 and served as its union president since 1988. "They ran the company into bankruptcy."
Bain Capital came to own Georgetown Steel after it provided the financing for a management-led buyout of Armco Worldwide Grinding System of Kansas City, Mo., in 1993. The Armco plant was renamed GS Technologies, which merged with Georgetown Industries in 1995 to become GS Industries Inc. At the time, the combined entities - headquartered in Charlotte, N.C. - had $1 billion in revenue and employed 3,800 people worldwide as the largest producer of carbon wire rods in North America.
2) Sanderson said Bain Capital replaced longtime managers who had built Georgetown Steel with bean counters looking for ways to cut costs. They demanded increasing financial performance with little idea of how the daily operations were run, he said.
"They were investors. They weren't steel mill operators," he said.
3) Less than a year after taking a controlling interest in the Georgetown plant, Bain Capital cut the employees' profit-sharing plan twice - lowering the plan's hourly rate from $5.60 an hour to $1.25 per hour. Most of the workers didn't learn about the cuts until they received their paychecks. The profit-sharing checks eventually disappeared altogether.
Sanderson, in a September 2000 report in McClatchy Newspapers, called Bain Capital anti-labor and said "they've forced a labor dispute at every location" during contract negotiations.
http://peoplesworld.org/union-local-president-describes-how-romney-killed-a-steel-plant/
Excerpt:
"We take exception to his claim that he comes in and takes over companies that are ailing. That wasn't the case here at Georgetown," Sanderson said. "We were doing well, making money, doing very well financially. But shortly after Bain Capital came in 1995, the conditions deteriorated quickly at our plant. They took everything they could out of the company. They stopped investing in new equipment. The equipment was not maintained."
Bain Capital assigned Mark Essig to manage the plant, Sanderson charged, and a team of managers "who didn't know anything about steelmaking were put in charge. They were just bean-counters."
According to an investment prospectus obtained by the L.A. Times, Bain Capital acquired GS Industries, parent corporation of Georgetown Steel, for $24.5 million in 1993. By 2000, Bain had reaped $58.4 million in profits from the takeover, largely through stripping the mill of assets and paying their executives - Romney in the first place - huge bonuses and stock options. Bain was sucking about $900,000 annually from GS Industries in the form of dividends and annual "management fees."
http://www.reuters.com/article/2012/01/06/us-campaign-romney-bailout-idUSTRE8050LL20120106
Excerpt:
The story of Bain's failed investment in the Kansas City mill offers a perspective on a largely overlooked chapter in Romney's business record: His firm's brush with a U.S. bailout.
His supporters say the pension gap at the Kansas City mill was an unforeseen consequence of a falling stock market and adverse market conditions. But records show that the mill's Bain-backed management was confronted several times about the fund's shortfall, which, in the end, required an infusion of funds from the federal Pension Benefits Guarantee Corp.
http://www.economist.com/node/12753910
Excerpt:
General Motors' Spectacular Rise
Sep 30th 1916
A Boston correspondent writes: Bethlehem Steel's amazing market rise has been eclipsed. This week General Motors stock sold at $697 per share, the highest price at which any stock ever has sold on the New York Stock Exchange, with the exception of Northern Pacific. The latter issue sold on one occasion at the record price of $1,000 per share, but this was a forced price during the corner of 1901. The record high price for a stock on the Boston market is held by Calumet and Hecla, which brought $1,000 per share in 1907. The stock market career of General Motors stock has been spectacular in the extreme, surpassing even the rise of Bethlehem Steel. In 1913-14 it sold as low as $25 per share; for many months after the market soared as a result of munition and motor orders, it lagged behind other issues of its class. Even in 1915 it sold for only $82 per share. Then it began to advance under steady buying, and its low point for the present year never went below $405. The advance on September 12th last was an experience to which even old-time traders were unused. The stock rose $52 for the day. Just by way of comparison, Bethlehem Steel, hitherto the premier war stock, gained 24½ points the same day, to 524½, a new high record. Next day General Motors rose $55 per share, to $697, making a gain of $107 for two days, and Bethlehem Steel gained $30¾, to $555, per share, a rise of $55¼ for the two days. The General Motors Company has under way a recapitalisation plan that calls for a 400 per cent stock dividend on the common, equivalent to five shares of non-par value stock for each share of the present capital stock. The preferred issue will be increased 33 and a third per cent by the issue of new 6 per cent preferred shares. The new preferred will he callable at $110 in in 1918. It is stated that the new common stock will represent an earning capacity of better than $30 per share. The unusual advance in the market value of the stock is believed to be a reflection of the public approval of the new plan and of the company's unprecedented earnings. For the year ended July 31st the company earned about $26,000,000 for its common stock, or approximately $160 per share. The year 1917 is expected to surpass this record, for the company should do a gross business in excess of $200,000,000, and have a balance of $35,000,000 for the common issue. This would be equivalent to $212 a share for the present capitalisation, and better than $42 per share on the new common issue. The new shares are selling on the New York Curb, "when, as, and if issued," at from $141 to $143 per share, which, on the basis of the new plan, would mean a price of $705 per share for the present common stock.
http://blogs.wsj.com/venturecapital/2009/05/19/its-official-solarwinds-breaks-nine-month-ipo-drought/
Excerpt:
Investment firms including Austin Ventures, Bain Capital Ventures and Insight Venture Partners can now rejoice after delivering the first venture-backed company to the public markets since Rackspace Hosting Inc. debuted on Aug. 8. That was by far the longest IPO drought in at least the past three decades for the venture capital industry, which has depended on IPOs for big investment gains.
http://www.insightpartners.com/team/view/investment/67
Excerpt:
Email
Send An Email
Direct Number
212-230-9213
Peter Sobiloff joined Insight in 1998 following the sale of Think Systems to i2 Technologies. Immediately prior to joining Insight, he was Vice President of Business Development at i2 Technologies (1997-1998). Mr. Sobiloff was previously President of Think Systems, a supply chain management software company backed by Insight. Prior to this, he was President of Datalogix, a vendor of enterprise application software for process manufacturers, and previously held senior executive roles at Ross Systems, a vendor of financial application software. Mr. Sobiloff guided Datalogix and Ross through their initial public offerings and the sale of Datalogix to Oracle Corporation. He graduated from Baruch University with a degree in Business Administration.
http://www.insightpartners.com/portfolio/hologix (I used to work here and met Peter Sobiloff a couple of times) ...cal
Excerpt:
SECTOR: Application Software
STATUS: Inactive
WEBSITE: http://www.hologix.com/
LOCATION: Americas
VERTICAL: Supply-Chain
Hologix, Inc., based in Phoenix, AZ, provides Attricom,
a business-to-business e-commerce order management
solution for companies with complex attribute-based
product lines such as metals, textiles and paper/forest
products. Hologix’s off-the-shelf software solutions
increase collaboration between buyer and seller and
enables e-commerce by streamlining the order
management, procurement and product matching process.
N/A
» See All Insight Investments
SECTOR: Application Software
STATUS: Inactive
WEBSITE: http://www.hologix.com/
LOCATION: Americas
VERTICAL: Supply-Chain
Hologix, Inc., based in Phoenix, AZ, provides Attricom,
a business-to-business e-commerce order management
solution for companies with complex attribute-based
product lines such as metals, textiles and paper/forest
products. Hologix’s off-the-shelf software solutions
increase collaboration between buyer and seller and
enables e-commerce by streamlining the order
management, procurement and product matching process.
N/A
» See All Insight Investments
http://www.informationweek.com/747/hologix.htm
Excerpt:
Hologix software helps industries use E-commerce for attribute-based products
By Clinton Wilder
ologix Inc., a provider of electronic-commerce software, this week will roll out Attricom, an online order-management application designed to boost online sales for companies in industries such as steel, chemicals, and textiles that don't use standard Stock-Keeping Unit numbers or Universal Product Codes.
The company's goal is to provide online catalog functionality for companies that make "attribute-based" products, in which customers order items based on properties such as the composition of steel. "We believe that the bulk of business-to-business commerce is attribute-based," says Hologix CEO Paul Rajski. "And more and more companies want to do it on the Internet."
Rajski says business-to-business online markets, such as MetalSite, E-Steel, PaperExchange and Chemdex, have raised E-commerce awareness in Hologix's target industries.
Attricom, a Java application that runs on Windows NT or Sun Solaris servers, works with Oracle or IBM DB2 databases and can be used with any browser that supports Java. The application is made up of four modules. Product Composition is used to specify attributes, such as dimensions, materials composition, and delivery dates. Order Management captures orders, processes them, and reports on their status. Customer Direct is the interface customers use to enter orders over the Internet or an extranet. Integration Framework lets Attricom send and receive Extensible Markup Language data from existing enterprise applications.
Algoma Steel Inc. in Sault Ste. Marie, Ontario, has installed the Product Composition module and plans to roll out Order Management next year. The steelmaker's goal is to automate a labor-intensive process involving paper manuals, 25-year-old manufacturing applications, and knowledge in the heads of the company's specification analysts.
"We'll be able to engineer the product once and after that just pull the attribute information from a knowledge database, so the person ordering just needs to specify quantity and dimensions," says Charlie Whitfield, Algoma's manager of IS and manufacturing technology. "As long as it's something we've built before, it will flow right into the system. We expect much more rapid response in filling orders and a lot fewer errors."
http://www.powerprofiles.com/people/3/00005152954482/CHARLES+WHITFIELD-MANAGER-ALGOMA+STEEL+CORPORATION+LTD-Sault+Sainte+Marie-MI
Excerpt:
I Love How You Love Me Bobby Vinton (dedicated to my soulmate) ...cal
http://www.youtube.com/watch?v=P-_CJwyhK1s
She's Not Crying Anymore Billy Ray Cyrus (my daughters dad told me once he loved it when I cried when he was walking out the door.... hmmmmm) ...cal
http://www.youtube.com/watch?v=ROwUAT8oSIw
http://www.theatlanticwire.com/global/2012/01/foreign-entities-bankrolling-clinton-foundation/47004/
Excerpt:
John Hudson 895 Views Jan 4, 2012
http://blogs.wsj.com/venturecapital/2009/05/19/its-official-solarwinds-breaks-nine-month-ipo-drought/
Excerpt:
Investment firms including Austin Ventures, Bain Capital Ventures and Insight Venture Partners can now rejoice after delivering the first venture-backed company to the public markets since Rackspace Hosting Inc. debuted on Aug. 8. That was by far the longest IPO drought in at least the past three decades for the venture capital industry, which has depended on IPOs for big investment gains.
http://www.insightpartners.com/team/view/investment/67
Excerpt:
Send An Email
Direct Number
212-230-9213
Peter Sobiloff
Managing Director
Peter Sobiloff joined Insight in 1998 following the sale of Think Systems to i2 Technologies. Immediately prior to joining Insight, he was Vice President of Business Development at i2 Technologies (1997-1998). Mr. Sobiloff was previously President of Think Systems, a supply chain management software company backed by Insight. Prior to this, he was President of Datalogix, a vendor of enterprise application software for process manufacturers, and previously held senior executive roles at Ross Systems, a vendor of financial application software. Mr. Sobiloff guided Datalogix and Ross through their initial public offerings and the sale of Datalogix to Oracle Corporation. He graduated from Baruch University with a degree in Business Administration.
http://www.insightpartners.com/portfolio/hologix (I used to work here and met Peter Sobiloff a couple of times) ...cal
Excerpt:
SECTOR: Application Software
STATUS: Inactive
WEBSITE: http://www.hologix.com/
LOCATION: Americas
VERTICAL: Supply-Chain
Hologix, Inc., based in Phoenix, AZ, provides Attricom,
a business-to-business e-commerce order management
solution for companies with complex attribute-based
product lines such as metals, textiles and paper/forest
products. Hologix’s off-the-shelf software solutions
increase collaboration between buyer and seller and
enables e-commerce by streamlining the order
management, procurement and product matching process.
N/A
» See All Insight Investments
SECTOR: Application Software
STATUS: Inactive
WEBSITE: http://www.hologix.com/
LOCATION: Americas
VERTICAL: Supply-Chain
Hologix, Inc., based in Phoenix, AZ, provides Attricom,
a business-to-business e-commerce order management
solution for companies with complex attribute-based
product lines such as metals, textiles and paper/forest
products. Hologix’s off-the-shelf software solutions
increase collaboration between buyer and seller and
enables e-commerce by streamlining the order
management, procurement and product matching process.
N/A
» See All Insight Investments
Excerpt:
August 9, 1999
Online Ordering Hologix software helps industries use E-commerce for attribute-based products
By Clinton Wilder
| Related links: |
| And from our sister publications: |
ologix Inc., a provider of electronic-commerce software, this week will roll out Attricom, an online order-management application designed to boost online sales for companies in industries such as steel, chemicals, and textiles that don't use standard Stock-Keeping Unit numbers or Universal Product Codes. The company's goal is to provide online catalog functionality for companies that make "attribute-based" products, in which customers order items based on properties such as the composition of steel. "We believe that the bulk of business-to-business commerce is attribute-based," says Hologix CEO Paul Rajski. "And more and more companies want to do it on the Internet."
Rajski says business-to-business online markets, such as MetalSite, E-Steel, PaperExchange and Chemdex, have raised E-commerce awareness in Hologix's target industries.
Attricom, a Java application that runs on Windows NT or Sun Solaris servers, works with Oracle or IBM DB2 databases and can be used with any browser that supports Java. The application is made up of four modules. Product Composition is used to specify attributes, such as dimensions, materials composition, and delivery dates. Order Management captures orders, processes them, and reports on their status. Customer Direct is the interface customers use to enter orders over the Internet or an extranet. Integration Framework lets Attricom send and receive Extensible Markup Language data from existing enterprise applications.
Algoma Steel Inc. in Sault Ste. Marie, Ontario, has installed the Product Composition module and plans to roll out Order Management next year. The steelmaker's goal is to automate a labor-intensive process involving paper manuals, 25-year-old manufacturing applications, and knowledge in the heads of the company's specification analysts.
"We'll be able to engineer the product once and after that just pull the attribute information from a knowledge database, so the person ordering just needs to specify quantity and dimensions," says Charlie Whitfield, Algoma's manager of IS and manufacturing technology. "As long as it's something we've built before, it will flow right into the system. We expect much more rapid response in filling orders and a lot fewer errors."
http://www.powerprofiles.com/people/3/00005152954482/CHARLES+WHITFIELD-MANAGER-ALGOMA+STEEL+CORPORATION+LTD-Sault+Sainte+Marie-MI
Excerpt:
CHARLES WHITFIELD
MANAGER at ALGOMA STEEL CORPORATION LTDSault Sainte Marie, Michigan 49783
USA
SAULT SAINTE MARIE, MICHIGAN 49783
USA
USA
Mailing Address
P.O. BOX 834SAULT SAINTE MARIE, MICHIGAN 49783
USA
Send an email message to CHARLES WHITFIELD.
http://en.wikipedia.org/wiki/Algoma_Steel
Excerpt:
http://en.wikipedia.org/wiki/Second_Industrial_Revolution#United_States
Excerpt:
History
Sir Henry Bessemer described the origin of his invention in Chapters 10 and 11 of his autobiography. According to this book at the time of the outbreak of the Crimean War many English industrialists and inventors became interested in military technology and Bessemer himself developed a method for grooving artillery projectiles so that they could spin without the use of rifling in the bore of the gun. He patented this method in 1854 and began developing it in conjunction with the government of France.
http://www.forbes.com/lists/2006/12/Chemicals_Rank_1.html
Excerpt:
Rank Name Company Pay ($mil) 5-Yr Pay ($mil) Shares Owned ($mil) Age Efficiency
83 Hugh Grant Monsanto 16.11 22.293 12.3 48 NA
85 Dan F Smith Lyondell Chemical 15.61 31.03 7.4 60 144
180 David N Weidman Celanese 8.02 NA 12.9 50 NA
205 Dennis H Reilley Praxair 7.07 22.82 10.3 52 19
207 J Brian Ferguson Eastman Chemical 6.91 11.862 2.4 51 NA
241 John P Jones III Air Prods & Chems 5.67 17.46 12.8 55 NA
286 Peter R Huntsman Huntsman 4.37 12.462 2,547.3 43 NA
291 Andrew N Liveris Dow Chemical 4.25 NA 1.6 52 NA
334 Raj L Gupta Rohm and Haas 3.43 11.33 10.3 60 107
355 Charles O Holliday Jr EI du Pont de Nemours 3.17 14.60 15.6 58 172
364 Douglas M Baker Ecolab 3.04 NA 1.8 47 NA
368 Charles E Bunch PPG Industries 2.94 NA 5.3 56 NA
469 Fredric W Corrigan Mosaic 1.10 NA 0.2 63 NA
http://en.wikipedia.org/wiki/George_W._Romney
Excerpt:
George Wilcken Romney (July 8, 1907 – July 26, 1995) was an American businessman and Republican Party politician. He was chairman and CEO of American Motors Corporation from 1954 to 1962, the 43rd Governor of Michigan from 1963 to 1969, and the United States Secretary of Housing and Urban Development from 1969 to 1973. He is the father of former Governor of Massachusetts Mitt Romney and the husband of former Michigan U.S. Senate candidate Lenore Romney.
http://familypedia.wikia.com/wiki/19th_century
Excerpt:
1855: Bessemer process enables steel to be mass produced. http://en.wikipedia.org/wiki/Algoma_Steel
Excerpt:
Essar Steel Algoma
From Wikipedia, the free encyclopedia
(Redirected from Algoma Steel)
See also Algoma (Disambiguation)
Essar Steel Algoma (formerly Algoma Steel) is an integrated primary steel producer located on the St. Marys River in Sault Ste. Marie, Ontario, Canada. Its products are sold in Canada and the United States as well as overseas. Algoma Steel was founded in 1902 by Francis Clergue, an American entrepreneur who had settled in Sault Ste. Marie. The company emerged from bankruptcy protection in 2004. In April 2007, Algoma Steel was purchased by India's Essar Group for US$ 1.63 billion, continuing operations as a subsidiary known as Essar Steel Algoma Inc.
One of the blast furnaces of Essar Steel AlgomaOn February 18, 1902 the first Bessemer converter was put in operation using pig iron made from the Helen mine, owned by Algoma. The first rails were produced by the complex in May 1902. However, blast furnaces for pig iron manufacture were not completed at the site until 1906. Unlike most other steel producers, Algoma had no access to local coal, forcing it to import coal and coke from the United States. The Bessemer process was felt to produce steel that was well-suited to manufacture of rails, which was the Algoma complex primary product for the first two decades of its existence.
 | |
| Type | Corporate |
|---|---|
| Industry | steel |
| Founded | 1902 |
| Headquarters | Sault Ste. Marie, Ontario, Canada |
| Key people | Sir Francis Clergue, Founder |
| Employees | 3500 (2008) |
| Parent | Essar Group |
| Website | http://www.essarsteelalgoma.com/ |
[edit] History
http://en.wikipedia.org/wiki/Second_Industrial_Revolution#United_States
Excerpt:
History
In 1740 Benjamin Huntsman developed the crucible technique for steel manufacture, at his workshop in the district of Handsworth in Sheffield. This process had an enormous impact on the quantity and quality of steel production.
Sir Henry Bessemer described the origin of his invention in Chapters 10 and 11 of his autobiography. According to this book at the time of the outbreak of the Crimean War many English industrialists and inventors became interested in military technology and Bessemer himself developed a method for grooving artillery projectiles so that they could spin without the use of rifling in the bore of the gun. He patented this method in 1854 and began developing it in conjunction with the government of France.
http://www.forbes.com/lists/2006/12/Chemicals_Rank_1.html
Excerpt:
Rank Name Company Pay ($mil) 5-Yr Pay ($mil) Shares Owned ($mil) Age Efficiency
83 Hugh Grant Monsanto 16.11 22.293 12.3 48 NA
85 Dan F Smith Lyondell Chemical 15.61 31.03 7.4 60 144
180 David N Weidman Celanese 8.02 NA 12.9 50 NA
205 Dennis H Reilley Praxair 7.07 22.82 10.3 52 19
207 J Brian Ferguson Eastman Chemical 6.91 11.862 2.4 51 NA
241 John P Jones III Air Prods & Chems 5.67 17.46 12.8 55 NA
286 Peter R Huntsman Huntsman 4.37 12.462 2,547.3 43 NA
291 Andrew N Liveris Dow Chemical 4.25 NA 1.6 52 NA
334 Raj L Gupta Rohm and Haas 3.43 11.33 10.3 60 107
355 Charles O Holliday Jr EI du Pont de Nemours 3.17 14.60 15.6 58 172
364 Douglas M Baker Ecolab 3.04 NA 1.8 47 NA
368 Charles E Bunch PPG Industries 2.94 NA 5.3 56 NA
469 Fredric W Corrigan Mosaic 1.10 NA 0.2 63 NA
http://en.wikipedia.org/wiki/George_W._Romney
Excerpt:
George Wilcken Romney (July 8, 1907 – July 26, 1995) was an American businessman and Republican Party politician. He was chairman and CEO of American Motors Corporation from 1954 to 1962, the 43rd Governor of Michigan from 1963 to 1969, and the United States Secretary of Housing and Urban Development from 1969 to 1973. He is the father of former Governor of Massachusetts Mitt Romney and the husband of former Michigan U.S. Senate candidate Lenore Romney.
http://familypedia.wikia.com/wiki/19th_century
Excerpt:
I Love How You Love Me Bobby Vinton (dedicated to my soulmate) ...cal
http://www.youtube.com/watch?v=P-_CJwyhK1s
She's Not Crying Anymore Billy Ray Cyrus (my daughters dad told me once he loved it when I cried when he was walking out the door.... hmmmmm) ...cal
http://www.youtube.com/watch?v=ROwUAT8oSIw
http://www.theatlanticwire.com/global/2012/01/foreign-entities-bankrolling-clinton-foundation/47004/
Excerpt:
John Hudson 895 Views Jan 4, 2012
The William J. Clinton Foundation has released its contributor information for 2011, a veritable who's who of rich, international donors. The disclosure of benefactors to the former president's outfit has long been a subject of interest ever since Obama appointed Hillary Clinton to be head the State Department in 2008. The primary concern is the potential for conflicts of interest, given that foreign governments are handing over tens of millions of dollars to the husband of America's top diplomat. So what foreign entities gave the most this year? Here's what we saw in the disclosure data.
Norway We should first preface that the Foundation's disclosure policy makes it exceedingly difficult to determine the exact amount each donor has given because it merely lists each benefactor amid a dollar range (e.g. $25,000-$50,000). To signal that the donor gave money to the Foundation in 2011, an asterisk appears next to their name. Still, with a record of contributions made previously, courtesy the Associated Press, one can determine an uptick in donations. Norway, for instance, has been kind to the foundation. With an asterisk noting the government of Norway has contributed this past year, the Northern European country jumped from the $5 to $10 million range in 2008 to the $10 to $15 million range this year.
Saudi Arabia Though it avoided giving to the foundation this year, the decade total for the arab state is impressive: $10 million to $15 million. The foundation has also received $1 million to $5 million from Saudi businessman Nasser Al-Rashid and $1 million to $5 million from the group Friends of Saudi Arabia. Then there's Ethiopian-Saudi business mogul Sheikh Mohammed H. Al-Amoudi who jumped up to the $1 to $5 million range.
Israel There are no donors directly tied to the Israeli government, but the nation's booster billionaire Haim Saban, who splits his time between California and Israel, contributed to the foundation this year and advanced a notch, from the $5 million to $10 million range up to the $10 million to $25 million range. Meanwhile, Slim-Fast diet mogul S. Daniel Abraham, an American and former board member of the American Israel Public Affairs Committee, has jumped a donation range to the $5 to $10 million tier.
Australia The island continent's overseas aid program, AUSAID, contributed to the foundation this year and resides on the $10 million to $25 million category.
Dominican Republic The island country's government agency for fighting AIDS, COPRESIDA, skipped 2011 but has racked up an impressive donation total: $10 million to $25 million to the foundation.
Sweetest Thing
http://www.youtube.com/watch?v=GlZ01JatoYU&feature=related
Norway We should first preface that the Foundation's disclosure policy makes it exceedingly difficult to determine the exact amount each donor has given because it merely lists each benefactor amid a dollar range (e.g. $25,000-$50,000). To signal that the donor gave money to the Foundation in 2011, an asterisk appears next to their name. Still, with a record of contributions made previously, courtesy the Associated Press, one can determine an uptick in donations. Norway, for instance, has been kind to the foundation. With an asterisk noting the government of Norway has contributed this past year, the Northern European country jumped from the $5 to $10 million range in 2008 to the $10 to $15 million range this year.
Saudi Arabia Though it avoided giving to the foundation this year, the decade total for the arab state is impressive: $10 million to $15 million. The foundation has also received $1 million to $5 million from Saudi businessman Nasser Al-Rashid and $1 million to $5 million from the group Friends of Saudi Arabia. Then there's Ethiopian-Saudi business mogul Sheikh Mohammed H. Al-Amoudi who jumped up to the $1 to $5 million range.
Israel There are no donors directly tied to the Israeli government, but the nation's booster billionaire Haim Saban, who splits his time between California and Israel, contributed to the foundation this year and advanced a notch, from the $5 million to $10 million range up to the $10 million to $25 million range. Meanwhile, Slim-Fast diet mogul S. Daniel Abraham, an American and former board member of the American Israel Public Affairs Committee, has jumped a donation range to the $5 to $10 million tier.
Australia The island continent's overseas aid program, AUSAID, contributed to the foundation this year and resides on the $10 million to $25 million category.
Dominican Republic The island country's government agency for fighting AIDS, COPRESIDA, skipped 2011 but has racked up an impressive donation total: $10 million to $25 million to the foundation.
Sweetest Thing
http://www.youtube.com/watch?v=GlZ01JatoYU&feature=related
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