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Archive for the ‘People’ Category

Arne Sorenson, Marriott’s chief financial officer, guest-blogs for Bill Marriott, Chairman & CEO of Marriott International, reflecting on the Economy and Marriott’s Prospects for 2009.

Audio Podcast:

“With the slowdown, our stock value has eroded meaningfully in the past year. Just because we have plenty of company doesn’t make the decline any easier. Before things get better, we’re going to have to navigate through a tough 2009… Despite this, and even though the U.S. has been in a recession since December 2007, we have much to be thankful for. First and foremost, we have a terrific management team, beginning with Bill Marriott, who has been through significant downturns before and has noted that each time we’ve come back stronger…Our business strategy of managing and franchising hotels protects us in slowdowns and primes us for better days. Marriott is a remarkably resilient cash flow generator, even when business slows. Our balance sheet is in good shape and we have access to cash through our revolving line of credit, which has over a billion dollars remaining available. Because of our excellent financial shape, the revolver, as it is called, is free of many of the complex restrictions companies can often experience. In fact, with our solid cash flow and more modest investment spending in 2009, we expect our debt levels will decline next year…”

Marriott People, Places and Purpose:

Continue reading at http://www.blogs.marriott.com/default.asp?item=2298372

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Cheap Chic Weddings announced the winner of their fourth annual Toilet Paper Wedding Dress contest at a ceremony at Ripley’s Believe It or Not! Odditorium, Times Square. Three finalists were flown in from Illinois, Texas and Hawaii to showcase their hand-made, intricately detailed dresses – which look like regular wedding gowns – in front of a panel of judges.

Laura Gawne and partners Susan Bain and Roxie Radford, who operate the website on saving money on weddings, based the contest on the popular bridal shower game. Cheap-Chic-Weddings.com asked their readers to create wedding gowns and headpieces strictly using Charmin bath tissue, glue and/or tape – no sequins, beads or other “normal” wedding dress adornments.

Toilet Paper Wedding Dress“The level of talent that presents itself each year always amazes us,” said Laura Gawne. Roxie Radford added, “The entries included details like faux embroidery, ruffles, pleats and lace effects!” This year’s first place winner, Katrina Chalifoux of Rockford, IL received a $1,000 American Express gift card. The dresses from all three finalists will be displayed in Ripley’s Believe It or Not Museums! Around the world.

Charmin bath tissue and Ripley’s Believe It or Not! sponsored this year’s top prizes. Wipe it off 🙂

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Encyclopaedia Britannica, Inc., announced that two of its Web sites are winners of the 2008 Codie Awards from the Software and Information Industry Association.

Britannica Online School Edition was named Best Education Reference or Search Service, and the Britannica Blog took Best Corporate Blog honors at the association’s gala in San Francisco. A complete list of Codie Award winners is available at http://www.siia.net/codies/2008/winners.asp.

The Codie Awards are among the most coveted prizes in the software and digital-content industries, and Britannica’s latest victories cap a long series of Codies the company’s digital products have won since the 1990s.

“Naturally, we’re thrilled,” said Michael Ross, a senior vice president with Britannica and general manager of the company’s education division. “The Codies have enormous prestige. They’re highly competitive awards because industry leaders pick winners from hundreds of products. This year more than 1,100 excellent ones competed for the top spots.”

A comprehensive reference and learning resource for grades K-12, Britannica Online School Edition is designed for all ages, with content clustered in distinct sections for the primary, middle and upper grades. It provides students and teachers with an extensive combination of reference information and interactive learning tools. It features Encyclopaedia Britannica’s award-winning encyclopedias serving students of all ages; extensive multimedia; current periodicals; Britannica’s proprietary, editor-checked Internet guide; and a growing number of primary sources. A recent addition is the Britannica Learning Zone, a skills-based environment for children from preschool to Grade 2.

School Edition is meant to be as relevant in the classroom as it is in the library or media lab. Its contents are thoroughly aligned to all state standards and include hundreds of lesson plans and other learning materials.

The Britannica Blog is a place where writers and readers hold lively discussions on almost every topic from art to zoology. More than a hundred bloggers have contributed to the daily postings, including radio quiz show host Michael Feldman; Pulitzer Prize-winning historian Joseph Ellis; Nobel Prize winner Jody Williams; Holocaust scholar Michael Berenbaum; Internet experts Nicholas Carr and Clay Shirky; and sports commentator Frank Deford. The blog holds forums on special topics, such as the religion of the American Founders, Web 2.0, the cult of celebrity, the future of newspapers, and Iran.

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Amateur and independent filmmakers, writers, actors and film buffs from around the nation can develop short films together, thanks to a new interactive online destination. Rootclip, located at http://www.rootclip.com , encourages site visitors to create customized short film storylines.

Oscar-winning documentary filmmaker Michael Moore says, “When I first heard the idea of Rootclip I was very impressed. It’s the ideal venue for established and up-and-coming filmmakers to interact and express their creative talents on the world stage. We’ve entered a new era of filmmaking and I believe that our next great generation of filmmakers might be inspired by places like Rootclip.”

To engage site visitors, Rootclip holds contests for filmmakers. The first Rootclip.com competition, entitled “Good Luck,” runs from April 28 to July 7. The winner and a guest will receive an all-expenses paid trip to the Traverse City Film Festival in Traverse City, Mich. from August 1-3, where they will meet with Michael Moore and screen the completed short film in front of a live audience.

“Rootclip was conceived as a catalyst to get people thinking about and being creative with short films in such a way that it radiates out to the masses and brings new life to the art form,” said Erik Luchauer, co-founder of Rootclip, about Rootclip’s development into a national destination for independent filmmakers. “Our goal is to create connections between directors, writers and actors across the country.”

How It Works: Each Rootclip process plays out over a six chapter cycle, beginning with the Rootclip in-house team developing an inaugural film chapter to jump-start the story. Participating filmmakers then view the root clip, a few minutes of content that begins the story but has a completely open-ended conclusion, and then shoot their own rendition of what should happen next. The users’ upload their one-minute chapters to Rootclip.com, where online viewers then judge the submissions and select the chapter winner. Once the winner for that “chapter” is announced, the open submission period begins again. This process repeats itself four times before culminating in a final chapter competition between all previous chapter winners.

Rootclip began as a social networking tool supported by the Scripps Newspapers Entrepreneur Fund, whose primary goal is developing brands that increase the reach and audience for local media.

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The Internet Content Syndication Council (ICSC) issued a white paper entitled “Content Creation and Distribution in an Expanding Internet Universe” last week at the headquarters of the AAAA (American Association of Advertising Agencies). It was presented during the joint meeting of the AAAA’s Digital Marketing Committee and Search Engine Marketing Committee.

The 12-page study details the benefits of Internet Content Syndication to the four main constituents of the media industry: content creators, publishers, advertisers and users. The paper defines “Internet Content Syndication” as “The controlled placement of the same content on multiple partnering Internet destinations.” One the of paper’s main conclusions is that Internet Content Syndication offers a powerful solution to online audience fragmentation, a daunting problem facing online advertisers today.

The white paper was prepared by a working committee selected by the ICSC Board of Advisors and distributed to its membership for comment. The organization is comprised of market leaders in the rapidly expanding areas of Internet content creation, distribution, licensing, measurement and advertising sales.

Andrew Susman, chairman and founding member of the ICSC and CEO of Studio One Networks said, “The purpose of the ‘White Paper’ is to present in a clear and concise way the principles of Internet Content Syndication and the opportunities it offers those involved in today’s burgeoning online marketplace. Our heartfelt thanks to the council members for their valuable contributions.”

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Cyberbullying, using the Internet, cell phones, or another type of communication technology to hurt or embarrass others, is an increasingly common problem among today’s youth. In a recent study conducted by the National Crime Prevention Council and Harris Interactive Inc., more than 43% of teens ages 13-17 have experienced cyberbullying within the past year.

According to the Pew Internet and American Life Project, about 93% of teens use social media Web sites, and 55% of online teens have created a profile through social networking sites such as MySpace and Facebook. These sites allow teens to express their feelings online for the cyber world to view. Often motivated by anger, frustration or boredom, cyberbullies harass individuals by posting negative comments and pictures.

Victims of cyberbullying usually feel a wide range of emotions, including indifference, anger and embarrassment. According to a study conducted by Fight Crime, only 35% of teens have told a parent about being cyberbullied; 16% have told no one.

Parents need to be aware of cyberbullying by monitoring their teen’s online activity. If a cyberbully harasses your teen, the California Association Marriage and Family Therapists offers the following tips for parents:

  • Encourage your teen not to respond to the bullying.
  • Save pictures and messages as evidence.
  • Contact your teen’s school to report the cyberbullying.
  • Closely monitor your teen’s computer use.
  • Try to identify the individual doing the bullying.
  • If possible, block the cyberbully from future contact.
  • Try to contact the cyberbully’s parents, if possible.
  • Contact the police or an attorney if cyberbullying becomes violent.

Cyberbullying should not be taken lightly. If your child is seriously troubled by a cyberbully and it affects his or her emotional or mental behavior, consider seeking professional help.

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Carl Icahn today announced that the following letter was delivered today to Yahoo! with the attached biographies of his ten nominees for the Yahoo! board.

Carl C. IcahnSECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS RELATED TO THE SOLICITATION OF PROXIES BY Carl C. Icahn AND HIS AFFILIATES FROM THE STOCKHOLDERS OF YAHOO! INC. FOR USE AT ITS ANNUAL MEETING, WHEN AND IF THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION, INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN ANY SUCH PROXY SOLICITATION. WHEN AND IF COMPLETED, A DEFINITIVE PROXY STATEMENT AND A FORM OF PROXY WILL BE MAILED TO STOCKHOLDERS OF YAHOO! INC. AND WILL ALSO BE AVAILABLE AT NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION’S WEBSITE AT HTTP://WWW.SEC.GOV. INFORMATION RELATING TO THE POTENTIAL PARTICIPANTS IN A POTENTIAL PROXY SOLICITATION IS CONTAINED IN EXHIBIT 1 TO THE SCHEDULE 14A BEING FILED TODAY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Carl C. Icahn
ICAHN CAPITAL LP
767 Fifth Avenue, 47th Floor
New York, NY 10153

May 15, 2008
Roy Bostock
Chairman
Yahoo! Inc.
701 First Avenue
Sunnyvale, CA 94089

Dear Mr. Bostock:

It is clear to me that the board of directors of Yahoo has acted irrationally and lost the faith of shareholders and Microsoft. It is quite obvious that Microsoft’s bid of $33 per share is a superior alternative to Yahoo’s prospects on a standalone basis. I am perplexed by the board’s actions. It is irresponsible to hide behind management’s more than overly optimistic financial forecasts. It is unconscionable that you have not allowed your shareholders to choose to accept an offer that represented a 72% premium over Yahoo’s closing price of $19.18 on the day before the initial Microsoft offer. I and many of your shareholders strongly believe that a combination between Yahoo and Microsoft would form a dynamic company and more importantly would be a force strong enough to compete with Google on the Internet.

During the past week, a number of shareholders have asked me to lead a proxy fight to attempt to remove the current board and to establish a new board which would attempt to negotiate a successful merger with Microsoft, something that in my opinion the current board has completely botched. I believe that a combination between Microsoft and Yahoo is by far the most sensible path for both companies. I have therefore taken the following actions: (1) during the last 10 days, I have purchased approximately 59 million shares and share-equivalents of Yahoo; (2) I have formed a 10-person slate which will stand for election against the current board; and (3) I have sought antitrust clearance from the Federal Trade Commission to acquire up to approximately $2.5 billion worth of Yahoo stock. The biographies of the members of our slate are attached to this letter. A more formal notification is being delivered today to Yahoo under separate cover.

While it is my understanding that you do not intend to enter into any transaction that would impede a Microsoft-Yahoo merger, I am concerned that in several recent press releases you stated that you intend to pursue certain “strategic alternatives”. I therefore hope and trust that if there is any question that these “strategic alternatives” might in any way impede a future Microsoft merger you will at the very least allow shareholders to opine on them before embarking on such a transaction.

I sincerely hope you heed the wishes of your shareholders and move expeditiously to negotiate a merger with Microsoft, thereby making a proxy fight unnecessary.

Sincerely yours,
CARL C. ICAHN

SLATE BIOGRAPHIES

  • Lucian A. Bebchuk

Lucian A. BebchukLucian Bebchuk is the William J. Friedman and Alicia Townsend Friedman Professor of Law, Economics, and Finance and Director of the Program on Corporate Governance at Harvard Law School. Bebchuk is also a Research Associate of the National Bureau of Economic Research and Inaugural Fellow of the European Corporate Governance Network. Trained in both law and economics, Bebchuk holds an LL.M. and S.J.D. from Harvard Law School and an M.A. and Ph.D in Economics from the Harvard Economics Department. He joined the Harvard Law School faculty in 1986 as an assistant professor, becoming a full professor in 1988, and the Friedman Professor of Law, Economics and Finance in 1998. Bebchuk has written extensively on corporate governance, corporate control, and corporate transactions. He has published more than seventy research articles in academic journals in law, economics, and finance. Upon electing him to membership in 2000, the American Academy of Arts and Sciences cited him as “[o]ne of the nation’s leading scholars of law and economics,” who “has made major contribution to the study of corporate control, governance, and insolvency.” He is the 2007-2008 President of the American Law and Economics Association, and a former chair of the Business Association Section of the American Association of Law Teachers. Bebchuk’s recent writings include Pay without Performance: the Unfulfilled Promise of Executive Compensation (Harvard University Press, 2004, co-authored with Jesse Fried), “The Case for Increasing Shareholder Power” (Harvard Law Review, 2005), “The Costs of Entrenched Boards” (Journal of Financial Economics, 2005, co-authored with Alma Cohen), and “The Myth of the Shareholder Franchise” (Virginia Law Review, 2007). Bebchuk has been a frequent contributor to policy making and public discourse in the corporate governance area. He has appeared before the Senate Finance Committee, the House Committee of Financial Services, and the SEC. He has published many op-ed pieces, including in the Wall Street Journal, the New York Times, and the Financial Times. He was included in the list of “100 most influential people in finance” of Treasury & Risk Management and the list of “100 most influential players in corporate governance” of Directorship magazine.

  • Frank J. Biondi, Jr.

Frank J. Biondi, Jr.Since March 1999, Mr. Biondi has served as Senior Managing Director of WaterView Advisors LLC, an investment advisor organization. From April 1996 to November 1998, Mr. Biondi served as Chairman and Chief Executive Officer of Universal Studios, Inc. From July 1987 to January 1996, Mr. Biondi served as President and Chief Executive Officer of Viacom, Inc. Mr. Biondi is a director of Amgen Inc., Cablevision Systems Corp., Hasbro, Inc., The Bank of New York Mellon Corporation and Seagate Technology. Mr. Biondi is a graduate of Princeton University and earned a Masters of Business Administration from Harvard University.

  • John H. Chapple

John Chapple is President of Hawkeye Investments LLC, a privately-owned equity firm investing primarily in telecommunications and real estate ventures frequently working in conjunction with Rally Capital LLC. Prior to forming Hawkeye, John Chapple worked to organize Nextel Partners, a provider of digital wireless services in mid-size and smaller markets throughout the U.S. He became the President, Chief Executive Officer and Chairman of the Board of Nextel Partners and its subsidiaries in August of 1998. Nextel Partners went public in February 2000 and was traded on the NASDAQ Exchange. In June 2006, the company was purchased by Sprint Communications. From 1995 to 1997, Mr. Chapple was the President and Chief Operating Officer for Orca Bay Sports and Entertainment in Vancouver, B.C. During Mr. Chapple’s tenure, Orca Bay owned and operated Vancouver’s National Basketball Association and National Hockey League sports franchises in addition to the General Motors Place sports arena and retail interests. From 1988 to 1995, he served as Executive Vice President of Operations for McCaw Cellular Communications and subsequently AT&T Wireless Services following the merger of those companies. From 1978 to 1983, he served on the senior management team of Rogers Cablesystems before moving to American Cablesystems as Senior Vice President of Operations from 1983 to 1988. Mr. Chapple, a graduate of Syracuse University and Harvard University’s Advanced Management Program, has 26 years of experience in the cable television and wireless communications industries. Mr. Chapple is the past Chairman of Cellular One Group and CTIA-The Wireless Association, past Vice-Chairman of the Cellular Telecommunications Industry Association and has been on the Board of Governors of the NHL and NBA. Mr. Chapple serves on the Syracuse University Board of Trustees currently as Chairman and the Advisory Board for the Maxwell School of Syracuse University. He is also on the Board of Directors of Cbeyond, Inc., a publicly traded Atlanta-based integrated service telephony company; Seamobile Enterprises, a privately held company providing integrated wireless services at sea; Telesphere, a privately held VOIP (voice over internet protocol) company based in Phoenix, Arizona; and on the advisory boards of Diamond Castle Holdings, LLC, a private equity firm based in New York City and the Daniel J. Evans School of Public Affairs at University of Washington.

  • Mark Cuban

Since early 2000, Mr. Cuban has been the majority and controlling owner of the National Basketball Association franchise, the Dallas Mavericks. In 2001, Mr. Cuban co-founded HDNet, an all high-definition television network on DIRECTV that broadcasts high-definition sports, movies and other entertainment. Prior to his purchase of the Dallas Mavericks, Mr. Cuban co-founded Broadcast.com in 1995 and served as its Chairman of the Board until it was sold to Yahoo! in July of 1999. Before Broadcast.com, Mr. Cuban co-founded MicroSolutions, a national systems integrator, in 1983, which was later sold to CompuServe Corporation in 1990. Mr. Cuban is an active investor in cutting- edge technologies and various industries, including the entertainment industry.

  • Adam Dell

Since January 2000, Mr. Dell has served as the Managing General Partner of Impact Venture Partners, a venture capital firm focused on information technology investments. He also serves as Managing Director at Steelpoint Capital Partners, a private equity firm with offices in New York and California. From October 1998 to January 2000, Mr. Dell was a Senior Associate and subsequently a Partner with Crosspoint Venture Partners in Northern California. From July 1997 to August 1998, he was a Senior Associate with Enterprise Partners in Southern California. From January 1996 to June 1997 Mr. Dell was associated with the law firm of Winstead Sechrest & Minick, in Austin, Texas, where he practiced corporate law. Mr. Dell’s investments include: Buzzsaw (which was acquired by Autodesk), HotJobs (which was acquired by Yahoo!) and Connectify (which was acquired by Kana Software). Mr. Dell has been a director of XO Holdings, Inc., a telecommunications services provider, since February 2006, and of its predecessor from January 2003 to February 2006. In addition, Mr. Dell currently serves on the boards of directors of the Santa Fe Institute, MessageOne and OpenTable. He also teaches a course at the Columbia Business School on business, technology and innovation and is a contributing columnist to the technology publication, Business 2.0. Mr. Dell received a J.D. from University of Texas and a B.A. from Tulane University.

  • Carl C. Icahn

Mr. Icahn has served as chairman of the board and a director of Starfire Holding Corporation, a privately-held holding company, and chairman of the board and a director of various subsidiaries of Starfire, since 1984. Since August 2007, through his position as Chief Executive Officer of Icahn Capital LP, a wholly owned subsidiary of Icahn Enterprises L.P., and certain related entities, Mr. Icahn’s principal occupation is managing private investment funds, including Icahn Partners LP, Icahn Partners Master Fund LP, Icahn Partners Master Fund II L.P. and Icahn Partners Master Fund III L.P. Prior to August 2007, Mr. Icahn conducted this occupation through his entities CCI Onshore Corp. and CCI Offshore Corp since September 2004. Since November 1990, Mr. Icahn has been chairman of the board of Icahn Enterprises G.P. Inc., the general partner of Icahn Enterprises L.P. Icahn Enterprises L.P. is a diversified holding company engaged in a variety of businesses, including investment management, metals, real estate and home fashion. Mr. Icahn was chairman of the board and president of Icahn & Co., Inc., a registered broker- dealer and a member of the National Association of Securities Dealers, from 1968 to 2005. Mr. Icahn has served as chairman of the board and as a director of American Railcar Industries, Inc., a company that is primarily engaged in the business of manufacturing covered hopper and tank railcars, since 1994. From October 1998 through May 2004, Mr. Icahn was the president and a director of Stratosphere Corporation, the owner and operator of the Stratosphere Hotel and Casino in Las Vegas, which, until February 2008, was a subsidiary of Icahn Enterprises L.P. From September 2000 to February 2007, Mr. Icahn served as the chairman of the board of GB Holdings, Inc., which owned an interest in Atlantic Coast Holdings, Inc., the owner and operator of The Sands casino in Atlantic City until November 2006. Mr. Icahn has been chairman of the board and a director of XO Holdings, Inc., a telecommunications services provider, since February 2006, and of its predecessor from January 2003 to February 2006. Mr. Icahn has served as a Director of Cadus Corporation, a company engaged in the ownership and licensing of yeast-based drug discovery technologies since July 1993. In May 2005, Mr. Icahn became a director of Blockbuster Inc., a provider of in-home movie rental and game entertainment. In October 2005, Mr. Icahn became a director of WestPoint International, Inc., a manufacturer of bed and bath home fashion products. In September 2006, Mr. Icahn became a director of ImClone Systems Incorporated, a biopharmaceutical company, and since October 2006 has been the chairman of the board of ImClone. In August 2007, Mr. Icahn became a director of WCI Communities, Inc., a homebuilding company, and since September 2007 has been the chairman of the board of WCI. In December 2007, Mr. Icahn became a director of Federal-Mogul Corporation, a supplier of automotive products, and since January 2008 has been the chairman of the board of Federal-Mogul. In April 2008, Mr. Icahn became a director of Motricity, Inc., a privately-held company that provides mobile content services and solutions. Mr. Icahn received his B.A. from Princeton University.

  • Keith A. Meister

Since March 2006, Keith Meister has served as Principal Executive Officer and Vice Chairman of the Board of Icahn Enterprises G.P. Inc., the general partner of Icahn Enterprises L.P., a diversified holding company engaged in a variety of businesses, including investment management, metals, real estate and home fashion. Since November 2004, Mr. Meister has been a Managing Director of Icahn Capital LP, the entity through which Carl C. Icahn manages third party private investment funds. Since June 2002, Mr. Meister has served as senior investment analyst of High River Limited Partnership, an entity primarily engaged in the business of holding and investing in securities. Mr. Meister also serves on the boards of directors of the following companies: XO Holdings, Inc., a telecommunications company; WCI Communities, Inc., a homebuilding company; Federal-Mogul Corporation, a supplier of automotive products; and Motorola, Inc., a mobile communications company. With respect to each company mentioned above, Carl C. Icahn, directly or indirectly, either (i) controls such company or (ii) has an interest in such company through the ownership of securities. Mr. Meister received an A.B. in government, cum laude, from Harvard College in 1995.

  • Edward H. Meyer

Mr. Meyer serves as Chairman, Chief Executive Officer and Chief Investment Officer of Ocean Road Advisors, Inc., an investment management company. From 1970 to 2006, he served as Chairman, Chief Executive Officer and President of Grey Global Group, Inc., a multi-billion dollar global advertising and marketing agency. Mr. Meyer serves as a Director of Harman International Industries, Inc., Ethan Allen Interiors, Inc., National CineMedia, Inc. and NRDC Acquisition Corp. Mr. Meyer holds a B.A. in Economics from Cornell University.

  • Brian S. Posner

Brian S. Posner is a private investor. From 2005 through March 2008, he served as Chief Executive Officer and co-Chief Investment Officer of ClearBridge Advisors LLC (and its predecessor company, CAM North America), an asset management company based in New York with approximately $90 billion in assets and a wholly owned subsidiary of Legg Mason Inc. Prior to ClearBridge Advisors, he was a co-Founder and the Managing Partner of Hygrove Partners LLC, a hedge fund company that was formed in 2000. Prior to ClearBridge Advisors and Hygrove Partners, he served as a Portfolio Manager and an Analyst, first at Fidelity Investments from 1987 to 1996 and then at Warburg Pincus Asset Management/Credit Suisse Asset Management from 1997 to 1999. At Warburg Pincus Asset Management/Credit Suisse Asset Management he was a Managing Director and served as the Senior Investment Manager of the Value Equity Group, co-Portfolio Manager of the Warburg Pincus Growth & Income Fund, and Portfolio Manager of the Warburg Pincus Institutional Value Fund and the Warburg Pincus Trust, Growth and Income Fund. Prior to the acquisition of Warburg Pincus Asset Management (“WPAM”) by Credit Suisse Asset Management in July 1999, he was co-Chief Investment Officer, Director of Research, Chairman of the Global Asset Allocation Committee, and a member of the Executive Operating Committee at WPAM. At Fidelity Investments, he was the Portfolio Manager of the Fidelity Equity Income II Fund from 1992 to 1996 and the Fidelity Value Fund from 1990 to 1992. He also managed the Select Life Insurance, Select Property Casualty Insurance and Select Energy Portfolios. From 1987 to 1990, he was an Oil, Insurance, and Financial Services Analyst. From August 2000 to April 2003 he served on the Board of Directors for Sotheby’s Holdings, Inc. He currently a member of the Board of Trustees at Northwestern University and the Board of Visitors for the Weinberg College of Arts and Sciences at Northwestern University. Mr. Posner received his undergraduate degree in history from Northwestern University in 1983 and his M.B.A. in finance from the University of Chicago Graduate School of Business in 1987.

  • Robert K. Shaye

Robert Shaye is Co-Chairman and Co-CEO of New Line Cinema. As the Founder of New Line Cinema and a filmmaker himself, Robert Shaye has spent more than 40 years developing and distributing films that reflect a wide array of cultural movements, creating new paradigms for the motion picture business, and most importantly, entertaining millions of moviegoers. Since he founded New Line in 1967, Shaye has guided the company’s growth from a privately-held art film distributor to one of the entertainment industry’s leading independent studios and a veritable box office force. He has been involved in such films as The Lord of the Rings trilogy, Rush Hour, Austin Powers and Seven. A University of Michigan graduate with a degree in business administration and a J.D. degree from Columbia University Law School, Shaye is also a Fulbright Scholar, member of the New York State Bar, and serves on the Board of Trustees of the Motion Picture Pioneers, and the American Film Institute.

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