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Fisker CEO says Tesla Motors’ “lawsuit is nonsense”
The legal battle over high-end green car technology continued on Thursday as Fisker Motors’ CEO Henrick Fisker called a lawsuit filed by Tesla Motors “nonsense.”
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Earlier this month Tesla Motors filed a suit against Fisker Automotive, its design subsidiary and two of its top executives, Hendrick Fisker and Bernhard Koehler, alleging fraud, breach of contract and violation of a confidentiality agreement.
Fisker KharmaFisker said today that its Fisker Kharma, a plug-in hybrid sports coupe, would be delivered on schedule by the fourth quarter of 2009 and that it would “vigorously defend” itself against the allegations made by Tesla in the suit.
Foreshadowing what may be its legal defense, Fisker quotes Alan Niedzwiecki, a Fisker director and president and CEO of Quantum Technologies, the designer of the plug-in hybrid electric vehicle (PHEV) technology being used in the Kharma.
“In January of 2007 I first met Henrik Fisker. Soon thereafter, I became convinced that a strategic alliance joining together Quantum’s (PHEV) unique technology position with Fisker’s design expertise could be leveraged into a company capable of launching the first premium sports sedan for the (PHEV) segment. In August 2007 that vision became a reality with the inception of Fisker Automotive Inc., effectively combining Quantum’s (PHEV) drivetrain expertise with a remarkable design from Fisker Coachbuild LLC.”
Kleiner Perkins has invested millions in the Fisker venture with partner Ray Lane on the Fisker board. Lane stated that he is “confident that Fisker Automotive continues to be a tremendous investment opportunity. The design innovation of Henrik Fisker combined with the hybrid drive train experience of Quantum is unique in the automotive market.”
Henrick Fisker’s 19 years of design experience includes work on BMW E-1 electric car in 1991, the BMW Z8 and the Aston Martin V8 Vantage.
In our earlier report we noted the tangled web of Silicon Valley bigwigs involved in the companies.
Elon Musk, co-founder of PayPal and Zip2, is an investor and the chairman of Tesla. Google co-founders Sergey Brin and Larry Page, as well as Jeffrey Skoll, former president of eBay and executive producer of Al Gore’s Inconvenient Truth, are investors in Tesla. Steve Westly, a former controller for the state of California and a former eBay exec, is a director.
In January, Fisker announced a multimillion dollar investment by Kleiner Perkins Caufield & Byers and the appointment of Kleiner partner Ray Lane as a director at Fisker Automotive. At the time, Lane said Kleiner believed “that Fisker Automotive’s groundbreaking, forward-thinking design stands to pave the way for a greener and more efficient future.” The day following the announcement of the Kleiner investment Fisker unveiled the Fisker Kharma plug-in hybrid sports car at the North American International Auto Show in Detroit.
The lawsuit puts Kleiner Perkins in an interesting position as an investor in both Google and Fisker. Additionally, Kleiner adviser Al Gore is a director at Google while fellow Google board members Sergey Brin and Larry Page are investors in Tesla.
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Nabokov’s son to publish final manuscript
His dying father, Vladimir Nabokov, had commanded him to destroy his still-unfinished, final novel.
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Speaking from his winter home in Palm Beach, Fla. this week, the 73-year-old Dmitri Nabokov justified his decision, saying, “I’m a loyal son and thought long and seriously about it. Then my father appeared before me and said, with an ironic grin, ‘You’re stuck in a right old mess – just go ahead and publish!’”
He told the magazine that he had finally made up his mind to do so.
Over the years, Dmitri Nabokov has described wrestling with the decision about what to do with The Original of Laura, which he has called “the most concentrated distillation of [my father’s] creativity.” As Nabokov’s literary executor, he said he felt a duty to share it with the world; as his son, he felt a duty to honor his father’s last wishes.
Dmitri Nabokov, who divides his time between Palm Beach, Fla. and Montreux, Switzerland, is a staunch advocate of his father’s literary legacy, and has translated many of his novels, plays, poems, lectures and letter.
In celebration of Vladimir Nabokov’s centennial in 1999, he appeared as his father in Terry Quinn’s Dear Bunny, Dear Volodya, a dramatic reading based on the personal letters between Nabokov and literary and social critic Edmund Wilson. Performances took place in New York, Paris, Mainz, and Ithaca.
Yet he is a multi-faceted personality with many other accomplishments. A profile that appeared in the Harvard Crimson in 2005 described a complex character.
Those who know him describe him as tall and imposing, with a face like his father’s, and one editor calls him “his father’s very best translator.”
But Dmitri has accrued a set of accolades and interests all his own.
“His love of fast boats and fast cars and helicopter skiing made him like a James Bond figure,” says Deanne Urmy, editor of Nabokov’s Butterflies, a collection of Vladimir’s writings which includes translations by Nabokov.He is best known as an opera star. After graduating from Harvard with a concentration in history and literature, Dmitri Nabokov served briefly in the U.S. military as an instructor in Russian before deciding to pursue his dreams as a performer.
He made his operatic debut in 1961 in the same Milan performance of La Boheme as the now legendary Luciano Pavarotti. Among the highlights from his operatic career: performances at the Gran Teatre del Liceu in Barcelona with soprano Montserrat Caballé and acclaimed Catalan tenor Jaume Aragall, better known as Giacomo Aragall.
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Philanthropist Alberto Vilar convicted in fraud caseNovember 19, 2008 at 3:52pm
A trial that has riveted the world of philanthropy ended today with the conviction of Alberto W. Vilar, a man who pledged, and sometimes gave, millions of dollars to the arts.
Candidates Follow the Money to Hedge Fund Billionaires
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Make a Muckety Monsanto Company
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Ebay Sues Craigslist in Stock Dispute
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Julie Nixon Eisenhower Barack Obama Supporter and Republican Leadership Council Director
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Candidates follow the money – to hedge fund billionaires (Muckety)
Willie Sutton robbed banks because that’s where the money is.
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MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.Political candidates go hat in hand to hedge fund managers because that’s where even more money is.
Andrew Ross Sorkin of The New York Times reported yesterday that four of the top 10 earners among hedge fund managers last year have given to Sen. Barack Obama of Illinois, a candidate for the Democratic presidential nomination.
Richest amongst these Obama givers is George Soros of Soros Fund Management, who earned $2.9 billion in 2007 to be ranked second on the list of top earners.
Sen. Hillary Rodham Clinton of New York, the other Democratic contender and the winner of Tuesday’s Pennsylvania primary, has one of the top 10 on her side.
James H. Simons, of Renaissance Technologies Corp., the number 3 earner at $2.8 billion has given her $4,600.
Sen. John McCain of Arizona, the presumptive Republican candidate, didn’t get any direct contributions from the top 10 earners on the list, which was compiled by Alpha magazine.
Some of the top 10 moneymen, including John A. Paulson of Paulson & Company, number 1 on the list at $3.7 billion, gave to other Republican candidates. (Paulson went with former New York City mayor Rudolph Giuliani.)
And some of the hedge funders either didn’t give or gave to committees, not candidates.
The amount given directly by these billionaires is miniscule — “pocket lint,” in Sorkin’s term. Federal law prevents them from contributing more than $4,600 directly to candidates. (That’s $2,300 for the primaries, $2,300 for the general election.)
But their donations may give some indication of the candidates they think will win or will be kindest to the now lightly regulated hedge fund market.
On the strength of the top 10 earners, it would seem that these very rich people are betting on an Obama win.
However, a look at the full list of top 50 earners reveals a more mixed message.
Both Clinton and McCain pick up support in the middle and lower ranges of the list, a list that ends with the very wealthy David Shaw of D.E. Shaw & Co. at number 50.
Shaw, who cleared $210 million in 2007, has given $4,600 to Clinton and $58,500 to Democratic groups, according to openSecrets.org.
Other managers in the tail end of the top 10 list went with Clinton.
Thomas Steyer (no. 43), a $230 million earner at Farallon Capital Management, and Marc Lasry (tied for 44), who took in $225 million at Avenue Capital Group, sent money her way.
(Until she took a leave to help with the campaign, Clinton’s daughter, Chelsea, was working for Avenue Capital.)
Daniel Och of Och-Ziff Capital Management, who was tied for 41st with $245 million in earnings, gave to both Clinton and McCain.
He also contributed to Giuliani and to another candidate who dropped out, Sen. Christopher Dodd, a Democrat from Connecticut.
Several other top 50 hedge fund managers have hedged their bets on the presidential race. None did it more broadly than Seth A. Klarman of Baupost Group, Inc., who made $425 million in 2007 and finished at number 15 on the list.
Klarman has given to Clinton, McCain and Obama. He’s also given to Giuliani, former Massachusetts governor Mitt Romney, a Republican, to Dodd, as well as to Sen. Joseph Biden, the one-time Democratic candidate from Delaware.
Make a Muckety: Monsanto Company
Here’s a detailed look at the controversial biotech company that created the weedkiller Roundup.
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MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.One Muckety user put together this exploration of the directors and top executives at Monsanto Company.
The company’s production of genetically modified seeds and growth hormones sparked the production of the 2008 French documentary, The World According to Monsanto (Le Monde selon Monsanto.)
French speakers can read more about Monsanto on AgoraVox, which has incorporated the above Muckety map into their discussion.
Julie Nixon Eisenhower: Barack Obama supporter and Republican Leadership Council director
Julie Nixon Eisenhower, the daughter of former president Richard Nixon and his wife Pat, has donated $2,300 to Barack Obama’s presidential campaign, the maximum amount allowed for the primary election cycle.
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MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.Julie and her husband David Eisenhower are both directors of the Republican Leadership Council, a political action committee “which advocates for the historic Republican principles of liberty, individual responsibility, and personal freedom,” according to the PAC web site.
David Eisenhower is the grandson of President Dwight Eisenhower. Richard Nixon was his vice president and David and Julie reportedly met at the 1956 Republican National Convention.
Susan Eisenhower, Julie Nixon Eisenhower’s sister-in-law and a granddaughter of President Eisenhower, also supports Barack Obama. In February, the Washington Post published an opinion piece by Susan Eisenhower entitled “Why I’m Backing Obama.”
In the op-ed she seems to be taking aim at the policies of the current president when she quotes her grandfather:
“As we peer into society’s future,” he said, we “must avoid the impulse to live only for today, plundering, for our own ease and convenience, the precious resources of tomorrow. We cannot mortgage the material assets of our grandchildren without risking the loss also of their political and spiritual heritage. We want democracy to survive for all generations to come, not to become the insolvent phantom of tomorrow.”
She notes that her grandfather won the election with the support of Democrats and Republicans attracted to his pledge to bring change to Washington. She continues:
It is in this great tradition of crossover voters that I support Barack Obama’s candidacy for president. If the Democratic Party chooses Obama as its candidate, this lifelong Republican will work to get him elected and encourage him to seek strategic solutions to meet America’s greatest challenges. To be successful, our president will need bipartisan help.
Tricia Nixon Cox, Julie Nixon Eisenhower’s sister, and her husband Edward Cox are both supporters of the presumptive GOP nominee John McCain.
Obviously, the Kennedys don’t have a monopoly on lively conversation at family gatherings.
Children and Ex Manager Fight Over Ray Charles Estate
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Murdoch Close to Buying Newsday From Tribune
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Delta Northwest Hire Power Brokers to Push Merger
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Michael Moore Encourages Pennsylvanians to Vote for Barack Obama
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Patron of Vast Right Wing Conspiracy Endorses Hillary Clinton
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Scott Adams Gives Fans Chance to One Up Dilbert Punch Lines
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Children and ex-manager fight over Ray Charles estate
It’s been four years since Ray Charles died, but his name is still a money maker.
However, his will failed to designate someone to manage his name and image after death, sparking a battle between his twelve children and his longtime manager, Joe Adams, 86.
The family maintains that the singer’s trust has been mismanaged by Adams, Charles’s manager since 1961. The singer’s children, by several different women, also claim that Adams has tarnished their father’s name by releasing albums he wouldn’t have approved. They hope to gain more control over the estate, image, music and foundation of Ray Charles.
Mary Anne Den Bok, mother of Charles’s youngest child, Corey Robinson Den Bok, has filed a federal suit on behalf of several of Charles’s 12 children claiming Adams was overpaid by $1.2 million in 2005 and 2006.
The family will seek a formal investigation and audit of Charles’s estate, trusts and foundation. Although Adams has resigned as president of both Ray Charles Enterprises Inc. and the Ray Charles Robinson Foundation, the Charles family maintains that Adams still exercises control over the estate.
The Los Angeles Times reports that although Ivan Hoffman replaced Adams as president, “a receptionist at Ray Charles Enterprises said last week that Hoffman was not currently its president. Hoffman and a company spokesman declined to comment.”
After Charles’s death in 2004, Adams ran Ray Charles Enterprises Inc., as well as the Ray Charles Robinson Foundation, Charles’s charity organization. At one point, Adams held the position of president, chairman & treasurer of the foundation, which violated state law. He also had control of the trust funds for Charles’s children.
This isn’t the first time attorney Mary Anne Den Bok has intervened in affairs related to the estate.
In July 2007, Den Bok wrote a public letter on behalf of eight of Charles’s offspring, including Ray Charles Robinson Jr., David Robinson, Robert Robinson, Sheila Robinson, Raenee Robinson, Robyn Moffett, Vincent Kotchounian and Corey Robinson Den Bok.
Den Bok spoke about the supposed threats Ivan Hoffman made to rescind the donation made by Charles to Albany State University. Hoffman was head of Ray Charles Enterprises at the time, and because of the delay in building a performing arts center in the artist’s name, he and Adams reportedly considered taking legal action against the university.
In addition to disagreement over finances, Charles’s sons and daughters have taken issue with the creative direction of the posthumous career of Ray Charles.
They have voiced their disagreement on the management of their father’s recordings, believing that the last two albums produced after Charles’s death would not have been approved by the artist himself.
Even after the commercial success that followed the Oscar-winning flick Ray, posthumous releases, Genius & Friends and Ray Charles Sings, Basie Swings, sold poorly.
Genius & Friends is a duet album, made by dubbing the voices of singers on old tracks Charles had recorded. Ray Charles Sings, Basie Swings remixes Count Basie with unreleased Ray Charles material.
The albums sold 161,000 and 209,000 copies respectively, according to Neilsen. Sales showed a significant drop from the 3.2 million copies sold of Genius Loves Company, the last album recorded in his lifetime.
Delta, Northwest hire power brokers to push merger
Delta and Northwest airlines have hired high-powered lobbyists, including two former senators, to argue their case before Congress to create the world’s biggest airline.
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MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.The two carriers, which want to combine into a single, mega-airline called Delta to reduce costs, announced a proposed merger last week. Executives immediately went on the road to sell the idea to newspaper editorial boards and airline employees in major hubs like Atlanta, Minneapolis, Cincinnati and Salt Lake City.
This week, flanked by high-profile lobbyists, they take their case to the nation’s capitol where they are expected to face questions from competitors, consumers and union representatives.
Among those lined up on behalf of the airlines are two of the best-known former lawmakers in the lobbying world — Trent Lott of Mississippi, who until recently was the second highest-ranking Republican senator, and his new lobbying partner, former Democratic Sen. John Breaux of Louisiana.
Also signed on is Mehlman Vogel Castagnetti, which boasts numerous former Capitol Hill staffers and Bush administration officials.
Delta’s top executives told the Atlanta Journal-Constitution that they have also hired R. Hewitt Pate, who ran the anti-trust division at the U.S. Justice Department from 2003 to 2005, to deal with questions from regulators. Pate now heads the “global competition” practice for the Hunton & Williams law firm.
In addition, they have brought in leading anti-trust lawyer Donald L. Flexner of the firm Boies, Schiller & Flexner LLP. Flexner was featured as the lawyer to call “to survive life-or-death antitrust matters” in the April 2007, Inside Counsel magazine.
The mission of the expanded team, who join Delta’s veteran in-house lobbyist Donald Yohe, is to persuade the Justice Department that the merged airlines will not be a monopoly. They are expected to argue that the two companies serve different regions.
The House Judiciary Committee’s antitrust task force is slated to look at the proposed merger in a hearing at 10 a.m. Thursday. The Senate Judiciary subcommittee that deals with antitrust issues will examine the proposed combination in the afternoon.
Congress has no authority to stop the merger, but committee appearances often become public forums for lawmakers who oppose or support such plans. The biggest potential threat to the deal right now is public opposition of Rep. James Oberstar, the Minnesota Democrat who chairs the House Transportation and Infrastructure Committee.
Oberstar, who was largely responsible for grounding hundreds of planes this month by insisting on rigorous FAA inspections, has pledged to press the Justice Department for “vigorous scrutiny” of the plan.
Patron of ‘vast right-wing conspiracy’ endorses Hillary Clinton
On the eve of today’s Democratic primary in Pennsylvania, conservative patron and publisher Richard Mellon Scaife did an historic turnabout on New York Sen. Hillary Rodham Clinton.
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MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.On Sunday, Scaife’s newspaper, the Pittsburgh Tribune-Review, endorsed Clinton, saying that Clinton had demonstrated political courage, while Obama had not. If that wasn’t strange enough, Clinton’s campaign put out a release touting the endorsement.
For those who may have forgotten, this is the same Scaife who used the Tribune-Review in the 1990s to try to prove that Clinton killed White House Deputy Counsel Vincent W. Foster Jr., who committed suicide in 1993.
Scaife has repeatedly called Foster’s death “the Rosetta stone to the Clinton administration” (a reference to the stone found in Egypt that allowed scholars to decipher ancient hieroglyphics), the Washington Post wrote in 1999.
Scaife also gave $2.3 million to the American Spectator magazine to unearth dirt on former President Bill Clinton and supported other conservative groups that pilloried his administration. After hiring private investigators, the magazine reported that Clinton had asked state troopers to help procure women for him and that he had sexually harassed a state worker named Paula Jones. Jones’s legal case against Clinton helped launch an independent counsel investigation that eventually exposed his relationship with White House intern Monica Lewinsky.
At the time, First Lady Clinton railed against “a vast right-wing conspiracy that has been conspiring against my husband since the day he announced for president,” and identified Scaife as its benefactor.
Beyond that, Slate’s Tim Noah describes Scaife as “a raging misogynist. “In 1981, Noah recounts, Scaife called a reporter for the Columbia Journalism Review a “fucking Communist cunt”; more recently, he had his wife arrested and jailed for trespassing when she sought to confront him over his extramarital affair with a woman twice arrested for prostitution.
All of which is to say that the Tribune-Review’s endorsement appears a bit suspect – notwithstanding that Scaife telegraphed a change of heart last month after Clinton sat down with him and the paper’s editorial board.
Afterward, in an editorial headlined, Hillary, Reassessed, Scaife declared that her courage in attending the meeting “changed my mind about her.”
Perhaps. But perhaps the patron of conservative causes is simply pushing Clinton because he believes that she would be easier to defeat in the fall than Barack Obama.
The Tribune-Review is the largest newspaper in Pennsylvania to have endorsed Clinton. The Philadelphia Inquirer, the Philadelphia Daily News, the Pittsburgh Post-Gazette, the Scranton Times Tribune and the Morning Call of Allentown all endorsed Obama.
Scott Adams gives fans chance to one-up Dilbert punch lines
The Dilbert comic strip has gone interactive.
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MAP HINTS: Click expands a name. Control+Click centers map on a name. Solid lines are current relations. Dotted lines are former relations. For advanced tools choose Tools > Options from the menu at top. More help. Not seeing the maps? Please go here to check for the latest version of Java.Scott Adams, creator of the global Dilbert empire, has revamped his website, dilbert.com, to allow fans to offer their own punch lines to his comic strips about life in a corporate cubicle. Soon, viewers will be able to author text for entire strips, and Adams will engage in back and forth about the mashups.
“I’m surrendering myself to the realities of the Internet,” Adams told the New York Times. “People can already doctor strips. We’re just making it easier so people have more reason to visit the site.”
“And it’s fun,” he added. “This makes cartooning a competitive sport. It’s a game changer.”The revamped site, which debuted Friday, includes animation, colorized strips, an expanded archive, a “most popular” section, as well as the area where visitors can write their own punch lines. A software filter is supposed to prevent readers from posting offensive content by converting certain four-letter words to the “&*@!”-style cursing of comic strips.
Besides his insights into the existential dread of the modern-day office worker, Adams has shown surprising managerial acumen, building the Dilbert brand into a multimillion-dollar empire. One of the first cartoonists to post his strips to the Internet, he also syndicates them through United Media to more than 2,000 newspapers in 25 languages in 65 countries. He has written more than 10 books, authors a blog and oversees conceptualization of a small army of Dilbert-related products, from desk calendars to cards.
And his entrepeneurial spirit is evident in enterprises other than cartooning. Adams, a vegetarian, is a co-owner of Stacey’s Café, a pair of vegetarian restaurants in northern California where he lives, and was the CEO of Scott Adams Foods, a vegetarian food company in Newton, N.J. which pioneered the “dilberito,” before deciding to sell his interest in the company.
In the last five years, he has repeatedly appeared on a top 50 thinkers list, sponsored by the European Foundation for Management Development.
Born and raised in Windham, a small town in the Catskills in upstate New York, Adams likes to say he was high school valedictorian because “the other 39 people in my class couldn’t spell valedictorian.” He holds a BA in economics from Hartwick College, in Oneonta, New York, and an MBA from the University of California at Berkeley.
After getting his BA, he held what he has described as a “a variety of humiliating and low paying jobs” spending eight years at Crocker National Bank in San Francisco and eight years at Pacific Bell. He describes being a bank teller (robbed twice at gunpoint), computer programmer, financial analyst, product manager, commercial lender, budget manager, strategist, project manager and pseudo-engineer.
During this time. Adams said he entertained himself by drawing insulting cartoons of his coworkers and bosses in meetings. Eventually a bespectacled character named Dilbert emerged from the doodles. In 1988 Adams mailed some sample comic strips featuring Dilbert to the major cartoon syndicates.
United Feature Syndicate plucked Dilbert out of thousands of submissions received that year and offered Adams a contract. Dilbert launched in about 35 newspapers in 1989. Adams continued his day job at Pacific Bell until 1995, drawing Dilbert at 5 a.m. everyday before work. Today, he devotes himself full time to his cartoon creations.
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