With the election of a very unpopular president who took advantage of the Citizens United supreme court ruling by manipulating corporations to forward his campaign, End Citizens United has more of a reason to stand behind democracy and uphold the integrity of our electoral system. The group’s financial information is available on OpenSecrets.Org.
WHAT IS CITIZENS UNITED?
Back in 2008 a movie or should we call a 90-minute ad against Hillary Clinton was attempting to be promoted and shown around the nation’s theaters while neglecting to present who funding the movie or how much it costs to film it. The Federal Election Committee(FEC)along with a federal court declared Hillary: The Movie to be against FEC rules. Two years later the Supreme Court turnover that decision with a 5-4 vote allowing corporations to spend limitless amounts of funds against candidates, specifically democratic candidates.
WHAT DOES THIS MEAN FOR AMERICA?
It allowed corporations who would otherwise not donate due to having their name associated with a certain political candidate to anonymously fund ads for that candidate. Not only were they allowed to remain anonymous, the funding could be limitless as long as the donations were not sent directly to a candidates campaign. It also meant that campaign ads could get as dirty as they want because no one had to take responsibility for their words. This not only destroys basic respect for one another but also undermines the integrity of U.S Elections. We base these facts upon the known fact that larger companies in the U.S are rarely controlled solely by American investors, rather most have a foreign influence who would prefer someone that would be beneficial to their stocks and not the American people. In addition to this, wealthy families like the Waltons, Koch brothers and Betsy Devos, the heir to the Amway fortune would seek power among our institutions. There is no better example of this than the appointment by President Trump of Betsy Devos to be Secretary of education. A woman who is in no way qualified to run this department.
End citizens United was formed in 2015 and has partnered with other organizations such as the ACLU and League of American Voters to end citizens united. Its work includes fundraising at the grassroots levels to counterbalance the amount of money being collected by citizens united, as well as supporting those candidates that wish to end citizens united. The end goal is to pass an amendment that would bestow free speech upon individuals only and not corporations. Visit their page on Facebook.
Renowned UK bank Barclays Plc has recently announced that its Macro Markets head Mike Bagguley is being promoted to the position of Chief Operating Officer for the firm. Barclays is a highly acclaimed investment bank and Mike Bagguley will now be responsible for overseeing a massive restructuring of the company’s business operations. This move is part of an overall push that Barclays is making to improve its profitability by cutting down on costs. Mike Bagguley is the individual that the company is now turning to in order to put this plan into motion. He will also work towards a goal of aligning the bank’s infrastructure as well as coordinating on numerous projects. As part of this move, Mike Bagguley is now the newest member of the Barclays executive team.
Mike Bagguley is a graduate of Warwick University where he earned his Bachelor of Science in Mathematics back in 1988. Since then, he has held numerous important positions in the financial industry that include serving as the VP of Bankers Trust. He held that position from 1993 until 2001. Since then he has been involved with Barclays in a number of different roles that have lead up to his current appointment as COO. Crunchbase is an outstanding site to find out more about Mike’s career as well as what he has going on regarding his work.
Mike’s previous success in helping the reshape Barclays macro businessis a major reason that he has been promoted to the highly respected position of COO. Barclays is one of a handful of major banks that are now focussing more prominently on areas such as advisory services and equities during this time when areas such as trading have been affected greatly by the presence of regulations. Mike will now report to Tom King, the Investment Bank Chief at Barclays, in this new Chief Operating Officer role which has taken effect immediately upon its announcement. This overall of these areas of Barclays business is something that the investment banking firm has been actively pursuing since 2014. This program has seen a streamlining of the firm’s primary banking operations related to investment. As things stand now, this restructuring promises to yield the desired results.
Speaking at the recent Kase Learning conference on short selling that was held at the Omaha Hilton, market guru Sahm Adrangi talked of emerging targets for unscrupulous stock pricing tactics, which is known as ad exchange intermediaries. During his presentation, Sahm explained the role of ad exchange intermediaries, companies that play the role of matchmaker between advertisers and websites. The websites meet specific thresholds about clicks and number of page views.
How Ad Fraud Works
Most of the companies that purchase advertising space assume that there are actual, live humans behind the numbers of clicks and views. However, Sahm Adrangi says that many of these statistics are inaccurate because they may be due to visits by bots and other automated systems. If the click and view numbers presented for purposes of selling ad space are being generated automatically in this way, it is viewed as ad fraud because the company that is purchasing space does not receive the service.
How False Ad Data Affects Shareholder Value for Exchange Intermediaries
From Sahm’s point of view, ad exchange intermediaries who offer ad space to their clients by inaccurate engagement and readership data expose themselves to the possibility of adverse stock price movements. The exposure results from the sale of misleading advertising services. If an investigation is carried out into the practices carried out by ad exchanges and revelations emerge of revenue being generated from falsified data, the shareholder value of the companies involved may drop drastically.
Sahm Adrangi’s Short Selling Activism
Sahm Adrangi has become globally renowned as a short-selling activist, thanks to his work in exposing Chinese firms suspected of fraudulent trading practices, resulting in the companies’ market value dropping by about $10 billion. The success of Mr. Adrangi’s short-selling campaigns has helped to increase the capital managed by his firm, Kerrisdale Capital, from just $1 million to about $180 million today. Despite his success, he continues to be active as a short-selling activist, often releasing informative reports that explain why specific companies may be overvalued, or if he believes that a particular industry is operating under pretenses.
Based off his list of philanthropic contributions alone, one can definitely presume that Adam Milstein is a devout humanitarian. He is the founder of several Pro-Israel foundations and a member to several Israeli-American organizations. Having grown up as a native within the State of Israel, Milstein was endowed with a sense of honor and respect for his culture. As a result of which, he vowed to create opportunities for himself and others that would spread the cultural enlightenment and thus allow for the preservation of his Jewish heritage.
Shortly after moving to the U.S. with his family in 1981, Adam Milstein began to pursue career goals that would ultimately enable him to assume leadership roles within society. With hard work and persistence, he worked his way up from real-estate sales agent to managing partner at Hager Pacific Properties in California. Nonetheless, becoming a managing partner at a real-estate firm that is affluent as Hager Pacific was considered to be a major milestone for Milstein because it was the perfect position that allowed him to incorporate his business management education and exercise his leadership potential. As of today, Adam Milstein is responsible for managing the entirety of the firm’s financial and disposition matters. Yet, as a successful entrepreneur, he continued to seek ways to improvise ideas that would benefit the needs of the Jewish Community.
In 2000, Adam Milstein and his wife founded the Adam and Gila Milstein Family Foundation that donates to Jewish organizations that have a strong commitment to educating Jewish Americans and promoting the welfare of Israeli-American relations among the general population. In addition to the establishment of his organization, he is also the national chairman of the Israeli American Council that prioritizes the fortification of the relationship between Israel and the United States for the sake of uniting to inspire world peace and protect human rights. Indeed, with deep sympathy and pride for his native homeland, Adam Milstein is pursuing and maximizing all opportunities that will assist him in making a significant impact in the fight against anti-Semitism. As one of the most inspirational philanthropists in the world, Milstein firmly stands behind his mission’s obligations to be the difference in the world via the sacrifice of service to uplift the Israeli-American community.
Aloha Construction is a great company that provides roofing and siding services. This amazing company has over ten years of experience working with customers in these fields. Here are some reasons why you should choose Aloha Construction for your next home remodel.
One reason you should choose them is they won the BBB Torch Award. They won this award for providing honest and high quality services to people within the area they work. They are constanty providing great service at affordable prices. They also finish their projects on time.
Another reason you should choose Aloha Construction is they serve in two different states. They work in southern Wisconsin and also Illinois. They have two offices. One is in Lake Zurich and the other is in Bloomington. In 2017 in Illinois they finished over twenty thousands roofing projects.
Aloha construction is a great company to work with because they have everything you need for all your home projects. They also own Aloha Restoration that helps with smoke and fire damage, as well as water and mold. They can also remodel different rooms in your home such as kitchens and bathrooms.
Another reason to pick this company is that they are reallyskilled professionals. They make sure to do a thorough inspection of every home before they do the job that needs to be done. This way they can address all the issues with your home. They also have all of the required certifications that they need to have to complete all jobs correctly.
Not only does this company help people with their roofing needs but they also give back to their community. They have sponsored many different sports teams including Flying Aces Hockey and the Lake Zurich football team. They help many different organizations.
There are so many reasons to pick Aloha Construction for your siding and roofing needs. They give back to their community, they are highly trained professionals, they work in two different states, and they have everything you need to get your projects done. If you are looking for a great company look no further than Aloha Construction.
Bruno Fagali has recently posted an article on his blog regarding one of the largest rewards given by the SEC to whistleblowers. Two rewards were granted by the Securities and Exchange Commision to two people who reported and helped proves serious financial irregularities that were committed by Bank of America. Read more about Fagali on Crunchbase.
Three individual reports were made about Bank of America’s illegal financial activity. It turned out that only two of the reports made consisted of serious financial violations that were initiated by wealth management company Merril Lynch, and the activity continued after Merril Lynch purchased Bank of America.
Fagali reports that the first violation committed by Bank of America was using account holders money for secret and risky transactions. The SEC found that Bank of America used five million dollars of its account holders money from 2009-2012. The five million dollars generated fifty million dollars in profit for the bank. Bank of America consciously put account holders assets at risk for their own profit instead of protecting those assets.
Fagali reports that the second violation committed by Bank of America was to place account holders money in secret accounts that were placed in compensation burdens. For six years fifty-eight billion of account holders money was placed in reserve. This money could have been subject to claims of bank creditors, and at the time it was feasible to believe that the bank may have had to file for bankruptcy.
Fagali’s blogs clearly state that these actions violate Bank of America’s responsibility for consumer protection. Instead of complying with its legal duty to protect their account holders assets Bank of America put fifty-eight million dollars of their account holders assets at risk. Though the bank’s actions did not result in any losses to the account holder the bank is still liable for its actions.
Dr. Mark McKenna is a medical doctor who is based out of Atlanta Georgia. Dr. McKenna has a vast array of experiences from real estate investing to medical surgery, to entrepreneurship. Dr. McKenna is a renowned surgeon and medical doctor who is licensed in both Georgia & Florida. In addition to his medical expertise, Dr. Mark McKenna also owns a boutique cosmetic company named OVME. It is his most recent venture and is a display of his entrepreneurship skills. While Dr. McKenna was attending medical school, he created a real estate investment company called McKenna Venture Investments. He devoted a signifiant amount of resources to this venture and it paid off in his benefit. His ventures in the medical field, real estate investment industry, and cosmetic company have all been successes.
Medical vs. Entrepreneurship
Dr. Mark McKenna has proved himself successful as a businessman & medial professional. The two industries no do not coincide and are somewhat opposite one another. However, Dr. Mark McKenna does both. Dr. McKenna was very successful at real estate, acquiring some competing company’s and had a staff of over ten employees. However, his successes in real estate were halted due to the devastation that hurricane Katrina brought to the southern states. He had to make a difficult decision to reinvest into his real estate and build up what was lost, or pursue the medical field. He ended up choosing the medical industry at this point and has continued in his pursuit of medicine. With his success in the medical field and previous business experience, Dr. Mark McKenna founded OMVE aesthetics. The venture combined his entrepreneurial skills with the medical expertise. OVME specializes in proving overall cosmetic health including botox and skin care. Dr. McKenna is a proven visionary with a passion for entrepreneurship and medical expertise.
As one of New York’s leading corporate attorneys, Jeremy Goldstein sits on the board of one of this city’s most established charities. Mr. Goldstein is on the Board of Directors for Fountain House, an organization that has been helping adults with mental illnesses live more productive lives since 1948. As an advocate for Fountain House, Mr. Goldstein recently helped the organization raise more than 56,000 dollars through the combined efforts of two events held as wine dinners. The money will allow Fountain House to continue helping in the recovery process adults with mental illnesses need in order to find gainful employment.
The first wine dinner event provided an amazing atmosphere for guests as it was held on the rooftop of the NoMad Hotel, which has a view of the New York City skyline. Reported to be one of New York’s top private fundraising events, this wine dinner featured vintage wines from Chateau Latour. The second dinner was a direct result of the popularity of the first event. Mr. Goldstein commented on his involvement with the events by stating how mental illness affects people on a global level and how the assistance provided by Fountain House helps these individuals find real solutions for employment.
Although Jeremy Goldstein became a member of the Fountain Hose Board of Directors in 2010, it is not the only organization he is a member of. As someone who often writes about corporate governance he also became a member of NYU’s Journal of Law and Business’s Professional Advisory Board. He is also chairman of a subcommittee known as Mergers and Acquisitions, which belongs to the Executive Compensation Committee under the American Bar Association.
As a corporate attorney who had specialized in assisting companies with mergers, he saw a need for a service that addressed the issues of corporate governance and executive compensation. This led him to establish his own law firm under the heading of Jeremy Goldstein and Associates. This law firm is dedicated to providing advice to corporate leaders and management personnel on matters that often involve compensation for executives. With a career in corporate law spanning more than 20 years, Mr. Goldstein is often asked about the new trends taking place in the corporate world. He is glad to see changes taking place in corporate governance that will lead to more stability for executive compensation, which in the past was sort of a gray area as far as what criteria to use for salaries.
Daivd Zalik, founder and CEO of GreenSky Credit, has managed to build a fortune estimated at $2.5 billion. He has accumulated all of this wealth under the radar with an innovative financial services tech startup. His company, GreenSky Credit, operates through a smartphone app. Affluent homeowners log into the app to see what kind of home improvement loan that they can secure. Loan options pop up immediately and approval happens just as quickly.
GreenSky Credit works with over 17,000 contractors who perform all of the renovations. The contractors give him 6% of the loan amount and then Zalik takes that loan to the bank. the bank assumes all of the risks and kicks the tech startup 1% of the loan amount, as well.
Forbes has estimated $250 million in revenue in 2017 alone. Moody’s has projected $400 million in revenue in 2018. And this financial tech company has stayed under control of Zalik for its entirety. But the Wall Street Journal has just discovered that Zalik has confidentially filed for an IPO with the Securities and Exchange Commission.
The IPO has a potential to drum up $1 to $5 billion. However, Zalik could still rescind his IPO in order to protect his brainchild. After all, this high school dropout hatched the idea for GreenSky Credit backwhen he was a teenager.
The reclusive billionaire has managed to figure out a way to connect homeowners with lenders without assuming any risk. He’s the middleman and doesn’t own a thing. Contractors do the work while banks assume the risk. That’s how Zalik has used GreenSky Credit to amass a $2.5 billion fortune.
And this flies in the face of standard Silicone Valley business protocol. Other massive companies like Uber and Stripe remain private so long as they have the quarterly earnings to fuel the business operations. And it’s rather en vogue for young tech startups to fight against the establishment by avoiding banks altogether.
But Zalik and GreenSky Credit have embraced banks. Zalik has also worked hard throughout his life to avoid diluting his ownership stake. It’ll be interesting where this IPO takes him.
Igor Cornelsen was born in Curitiba, Brazil in October 1947. He joined the Federal University of Parana in 1965 to pursue a degree in engineering. Shortly after two years, he decided to change to another course and started studying economics.
He later received his degree in 1970. He was able to get a job at an investment bank. Here he was successful and would move to Rio where he got the opportunity to work as an investment banker.
He also excelled in this position and was named the best in his class which would contribute to his promotion to the Multiblanco board of directors in 1974. Two years later in 1976, Igor Cornelsen would again be promoted to be the bank’s CEO.
In 1978 the Bank of America acquired Multiblanco and Cornelsen decided to leave to seek other opportunities. He later landed a job at one of Brazil’s leading investment firms, Unibanco.
Due to the inflation rates in Brazil at that time, he decided to leave in 1985 and managed to get a job at Libra Bank which was a subsidiary of London Merchant Bank. He would work along with his colleagues on the board of directors and as a representative for the Standard Chartered Merchant Bank in Brazil.
After serving in this position for seven years, Cornelsen decided to leave in 1995 to start his investment firm. Here he offered the same kind of services he provided for London Merchant banks.
He continues to serve as an investment manager and carries out operations of his investment fund daily.
Igor Cornelsen has worked for many banks where he has gained experience in managing market fund stocks. This is made his transition to becoming an investment advisor very smooth. With this in mind, Cornelsen was inspired to start his firm.