HAPPY CANADA DAY! HAPPY INDEPENDENCE DAY!
Look Out Ole Mack He’s Back After a four year absence, Johnny Mack is back at Morgan Stanley taking over from the ousted guy who gave him the axe. God, how many of us live for that.
Corporate Crooks Update Scrushy from HealthSouth made a clean getaway. The bible belt jurors couldn’t risk sticking a born again into the slammer. Too bad a northern court didn’t get their hands on him. Ebbers didn’t find Jesus and wasn’t smart enough stay in the bible belt. He’s surrendering most of his assets, about $40 million, to investors who lost three billion (+-), about a penny a dollar, and then he’s off to the lockup for a whole bunch of years.
A WalMart In Every Garage The Supreme Court rules that eminent domain, a principle that says an individuals property may be usurped for the larger good, extends not only to the needs of government but to commercial ventures as well. Not much new here, but it puts the cards on the table and the deck is loaded in favor of the bigs.
Poop on the Poor Is it just me or is there something akin to class discrimination in Procter and Gamble ’s new super cheap toilet paper, Charmin Basic, for the frugal shopper. It’s less squeezably soft and God only knows what other critical toilet paper elements are lacking. Next they’ll offer rolled up used catalogs and newspapers for the poor.
Saturday, July 02, 2005
Monday, June 27, 2005
Hory Herr! (Holy Hell) China National Offshore Oil Corp. bid $18.5 billion for Unocal. That’s two billion more than Chevron wants to pay. If you think three dollar a gallon gas sounds bad, how does 24 yuan sound? And when those five billion Chinese cars need gas, you can bet your sweet yuan that Unocal will be the first to run dry.
Hory Herr II The Haier Group, a Chinese manufacturing colossus is trying to acquire Maytag Corp. by outbidding an investor group, Ripplewood Holdings, by $200 million. If the Chinese win, the days of the Maytag repairman sitting on his ass are over. (Note: In April, the Beijing-based Lenovo purchased IBM's personal computer division or $1.75 billion. Chinese as a second language, anyone?)
Second Oldest Profession The accounting industry is trying hard to replace prostitution as the second oldest profession. KPMG seems about to go the way of Arthur Andersen if it can't its act together over scam tax shelters it developed and help sell in the late 1990’s. Clients who got screwed are lining up civil suits of $195 million.
Doughnut Holes Krispy Kreme, continuing to trim the bad cholesterol from its operation, fired six executives.
Big Popcorn AMC, number two movie chain, and Loews, number three movie chain, are merging. That will give the combined operation 5,900 screens compared with Regal’s 6,200. Now maybe Hollywood will churn out a few decent movies to go along with $10 tickets and $10 popcorn.
Republican Republican Republican…You can bet Bush and the boys will be rethinking cloning big time. A group of scientists thinks politics might be genetic. Boys of Brazil?
Corporate Crooks Update Kozlowski and Schwartz found guilty. Expect yet another trial. John Rigas from Adelphia communications is getting 15 years and his son, Timothy Rigas, twenty years for their part in ripping off their shareholders to the tune of hundreds of millions. Timothy pleaded for leniency saying their intentions were good; he didn’t say for whom.
PP Surely the Wall Street Journal could have picked a code name for its new Saturday edition whose acronym wasn’t PP, or maybe that's thier way of saying we're #1. Apart from that, a paper that allows people to relax aimed at a target market of people who don’t relax, ever, seems folly.
Revolution Brewing Steve Case, the ex-AOL guy who duped Time Warner big-time, has formed a new company called Revolution aimed at the healthcare market. Healthcare needs a lot aimed in its direction, I’m just not sure Steve Case is the guy I want holding the gun.
Hory Herr II The Haier Group, a Chinese manufacturing colossus is trying to acquire Maytag Corp. by outbidding an investor group, Ripplewood Holdings, by $200 million. If the Chinese win, the days of the Maytag repairman sitting on his ass are over. (Note: In April, the Beijing-based Lenovo purchased IBM's personal computer division or $1.75 billion. Chinese as a second language, anyone?)
Second Oldest Profession The accounting industry is trying hard to replace prostitution as the second oldest profession. KPMG seems about to go the way of Arthur Andersen if it can't its act together over scam tax shelters it developed and help sell in the late 1990’s. Clients who got screwed are lining up civil suits of $195 million.
Doughnut Holes Krispy Kreme, continuing to trim the bad cholesterol from its operation, fired six executives.
Big Popcorn AMC, number two movie chain, and Loews, number three movie chain, are merging. That will give the combined operation 5,900 screens compared with Regal’s 6,200. Now maybe Hollywood will churn out a few decent movies to go along with $10 tickets and $10 popcorn.
Republican Republican Republican…You can bet Bush and the boys will be rethinking cloning big time. A group of scientists thinks politics might be genetic. Boys of Brazil?
Corporate Crooks Update Kozlowski and Schwartz found guilty. Expect yet another trial. John Rigas from Adelphia communications is getting 15 years and his son, Timothy Rigas, twenty years for their part in ripping off their shareholders to the tune of hundreds of millions. Timothy pleaded for leniency saying their intentions were good; he didn’t say for whom.
PP Surely the Wall Street Journal could have picked a code name for its new Saturday edition whose acronym wasn’t PP, or maybe that's thier way of saying we're #1. Apart from that, a paper that allows people to relax aimed at a target market of people who don’t relax, ever, seems folly.
Revolution Brewing Steve Case, the ex-AOL guy who duped Time Warner big-time, has formed a new company called Revolution aimed at the healthcare market. Healthcare needs a lot aimed in its direction, I’m just not sure Steve Case is the guy I want holding the gun.
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