Tag: Blackwater USA

  • Sulzberger dodges bullet – for now

    Sidestepping a potentially nasty proxy fight, the New York Times Company announced yesterday that it would give two seats on its board to a pair of hedge funds seeking to increase investor profits.

    Harbinger Capital Partners and Firebrand Partners have spent more than $500 million since December to buy a 19-percent stake in the family-controlled company, becoming the Times’ largest public shareholder. The funds had originally proposed four nominees to the board, saying they wanted to push the Times to unload holdings outside of its core business, such as a stake in the Boston Red Sox, and to invest more aggressively in its Internet operations.

    Offering an unexpected compromise, Times Chairman Arthur Sulzberger Jr. agreed yesterday to expand the board from 13 to 15, and to seat two of the hedge funds’ nominees – Firebrand founder Scott Galloway and James Kohlberg, chairman of private equity company Kohlberg & Co. In exchange, the funds agreed to end to their proxy fight.
    Story continues below interactive map 

    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 agreement marks the first time since the Times Company was taken public in 1967 that it has accepted directors nominated by outsiders, according to Times Company executives

    What, if anything, seating dissident investors means for the Times remained unclear. A two-class stock structure gives the Sulzberger family control of a majority of the board, and the Harbinger-Firebrand group has said that it has no plan to challenge that control.

    Galloway, a professor at NYU’s Stern School of Business who owns a Long Island estate complete with outdoor showers and a volleyball court with bleachers, made his fortune in the late 1990s by founding and flipping gift-site RedEnvelope.

    A profile in Conde Nast Portfolio, entitled “Boardroom Braveheart,” described how he teams up with capital investors such as Harbinger, who ”provide the financial muscle, while he does the tire-kicking, letter-writing, and shareholder-swaying.” Galloway reportedly gets about 10 percent of the profits from the deal, in addition to the board seat if it’s successful, but assumes little financial risk.

    The profile also quoted a graduate student in his class at NYU. describing his brash style. “He’s a jackass,” the student said. ”He’s not afraid to call you out if he thinks you don’t know what you’re talking about. But it works.”

    Like most newspaper companies, the Times has been socked by circulation declines and the migration of advertising to the Internet. The company’s assets include About.com, the International Herald Tribune, the Boston Globe, a string of smaller newspapers, majority ownership of a new high-rise headquarters building in Manhattan, and the minority stake in the Boston Red Sox.

    The Times has fended off activist investors in the past, including an attempt last year by Morgan Stanley Investment Management to eliminate the dual-tiered share structure, but they owned a smaller percentage of shares.

    Related Stories on Muckety

    This post is tagged with: , , , , , , , , , , ,

     Read related stories: Business · Media · Newspapers  

    0 Comments

    • There are no comments yet, be the first by filling in the form below.

    Leave a Comment


  • Hearsts Pulitzers and Dog Shows

    This post was archived from createpositivechange.org/. View the original on the Wayback Machine.

  • Matt Santos is Barack Obama’s avatar

    Jimmy Smits and Barack Obama
    Jimmy Smits and Barack Obama

    Fans of The West Wing have noticed uncanny parallels between the show’s Texas Rep. Matt Santos, and Illinois Sen. Barack Obama.

    Like Obama, Santos is a young, charismatic politician making a long-shot bid for the presidency. Like Obama, he refuses to be defined, or limited, by his ethnicity. And like Obama, he challenges a better-known establishment Democrat who wears the mantle of inevitability.

    Life imitating art?
    (Story continues below interactive map.)

    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.

    Actually, just the reverse, says former West Wing writer and producer Eli Attie.

    Attie told the Guardian newspaper that he modeled his fictional congressman on Obama in the summer of 2004, after being wowed by Obama’s keynote address at the Democratic National Convention.

    “I drew inspiration from him in drawing this character,” said Attie, who worked as a speechwriter for Al Gore, Bill Clinton and Dick Gephardt before moving to Hollywood. “He had done a great speech at the convention (which nominated John Kerry) and people were beginning to talk about him.”

    Like any good political operative, Attie picked up the phone and called Obama aide David Axelrod for the back story.

    “I said, ‘Tell me about this guy Barack Obama.’”

    Latino actor Jimmy Smits had already been cast for the show, so Attie was particularly interested in how Obama addressed the issue of race. He said Axelrod’s answers helped him conceive Santos’s approach to his own Hispanic identity.

    They also spurred him to make his character, you guessed it, a former community organizer. Santos is married, with two young children. And though his political rivals hammer away at his inexperience, he manages to prevail through inspiring speeches, a message of change, grassroots organizing – and several, extraordinarily lucky breaks.

    Attie tells the Guardian that Axelrod, now chief strategist for the Obama campaign, joked in a recent email: “We’re living your scripts!”

    Harder to explain is why Republicans are also channeling the show’s last season, which aired on NBC in early 2006.

    In the final episodes, Santos runs against GOP Sen. Arnold Vinick, played by Alan Alda, a maverick from the West who beats out a preacher rival (resembling Pat Robertson more than Mike Huckabee). Vinick is portrayed as a straight-shooter mistrusted by the party’s conservatives because of his views on some social issues. Sound familiar?

    But those looking for prophetic signs about the 2008 race may be disappointed.

    In the show, Santos wins the presidency by a narrow margin, but that was not what the writers originally intended, according to The New York Times.

    In fact, the script had Vinick winning – until actor John Spencer, who played Santos’s running-mate, Leo McGarry, died of a heart attack in December, 2005. The show’s creators decided it would simply be too tough on viewers if they killed off McGarry’s character, and then let his rival win. So they wrote a second ending.

    Take your pick.

    View Slate’s video comparison


    Sphere: Related Content

     Read related stories: Entertainment · Politics · Television  

    1 Comments

    • #1.   Paul V 03.06.2008

      Barack is no Avatar,
      He can not win a big state no matter what anyone say He can not get elected with out winning a big state, and because he lied about Nafta, No matter how you cut it,, He lied on video that now one from his campaign meet with the canadians,, but ti was true, show you how barack going to run the show,and because of his wife
      Michelle Obama is hurting Barack Campaign she need to get off the campaign trail,,, Really she look like Mike tyson with Hair for god sakes.

      Barack is not going to win the presidency,,
      He can not even win 1 big state,,, Everyone is caught up in this Barack Obama magic show, the democrats just gave this campaign away to the republicans, Barack will never see the white House only if he takes a tour,,, The Obama campaign
      think if Hilary gone he will pick up the other half of the Democratic votes,,, that is where he is wrong,,,He will only pick up a third of Hilary votes, the there 2/3 well half of them are going to act like obama voter if obama don’t win they are not going to vote ,,, 1/3 of Hilary voter will not vote,,and the other third is like me I voted for Hilary
      I am voting for Experience, which is Hilary,, if Hilary is pushed out ,, My vote like tens of thousands are going to vote for McCain,,, If Obama get Hilary to be her vice president,, Obama will still lose, but if Hilary win she will take the presidency Obama can be vice president,, so he can get On the job training ,,,, this is the only way its going to work,,, American people are so dumb,, thinking Obama got a shot, even tho he has not won a single big state it going to matter,, Even the Media is finally see that..
      Who has more experience, well in order
      1 Hilary
      2 McCain,
      3 Ron Paul
      4 Barack
      That sums it up right there, Hilary in this for the long haul She is fighting Barack , McCain & the Media and she still doing good,, She has half the democratic votes, LOL
      Now that is funny,,,,, Do the math,,,

    Leave a Comment


  • Project Runway Taps Youngest Designer

    This post was archived from createpositivechange.org/. View the original on the Wayback Machine.

  • AIPAC case: DC grapevine or espionage?

    What’s a little information-swapping between friends?

    America’s most powerful pro-Israel lobby says that’s the currency of everyday life in the nation’s capital. The Justice Department, however, is calling it espionage, and will finally get to make its case next month when two former officials of the American Israel Public Affairs Committee (AIPAC), go on trial in federal court in Alexandria, Va., for allegedly passing classified information about Iran and Iraq to Israeli officials, colleagues and the media. (Story continues below interactive map.)

    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.


    Steven J. Rosen, former policy director for AIPAC, and Keith Weissman, the lobby’s former Iran specialist, are charged with violating a World War I-era espionage act for sharing what the government calls national defense information “with persons not entitled to receive it,” according to an August, 2005 indictment. The names of the recipients are not disclosed in the indictment, but media reports have identified them as Washington Post reporter Glenn Kessler and Naor Gilon, minister-counselor for political affairs in the Israeli Embassy in Washington.

    The trial is expected to produce embarrassing revelations about the tight relationships between influence peddlers and government officials. AIPAC, which fired the two officials in 2005, has a particularly close relationship with the Bush White House. The president himself addressed AIPAC members in Washington on May 18, 2004, and Vice President Dick Cheney spoke to the group last year.

    But the group’s ties extend across party lines. A 2005 National Journal survey of lawmakers ranked it No. 2 in a list of the 25 most powerful lobbies in Washington – ahead of the AFL-CIO and the National Rifle Association, but behind the American Association of Retired Persons.

    And the trial may be even more politically radioactive coming after publication of The Israel Lobby and U.S. Foreign Policy, a book which argued that the pro-Israel lobby distorts the public debate about Middle East policy and which has stirred bitter debate.

    There’s no denying the list of potential defense witnesses is a Who’s Who of administration officials. Over Justice Department objections, Judge T.S. Ellis III ruled the defense may call Secretary of State Condoleezza Rice; National Security Adviser Stephen J. Hadley, deputy National Security Adviser Elliot Abrams, former Deputy Secretary of State Richard L. Armitage, former Deputy Defense Secretary Paul Wolfowitz; and a dozen other Bush administration foreign policy officials.

    The defense aim is to show that information-sharing is a routine part of Washington life, and that the material passed on by Rosen and Weissman was already known by Israeli officials.

    It will argue that the two men simply listened to Franklin, and repeated information they heard, doing nothing more than “what members of the media, members of the Washington policy community, lobbyists and members of congressional staffs do perhaps hundreds of times every day,” according to a defense memorandum.

    The prosecution plans on calling top and former intelligence officials, including Dale Watson, who headed the FBI’s investigation of the Sept. 11, 2001, terror attacks; William McNair, the former information review officer for the CIA’s directorate of operations; and Brig. Gen. Paul A. Dettmer, assistant deputy chief of staff for intelligence, surveillance and reconnaissance in the U.S. Air Force, according to court filings.

    The prosecution argues that Rosen and Weissman received sensitive information from a mid-level Defense Department analyst, Lawrence A. Franklin, a U.S. Air Force Reserve colonel, whom they met in a series of DC-area restaurants.

    Franklin, a Catholic father of five who worked in the office of Douglas Feith, was a minor player in neocon circles who sought to build pressure for a more aggressive administration policy towards Iran, according to The New Yorker. His efforts included meetings with Rosen and Weissman, officials at the Israeli Embassy and efforts to reach out to Iranian dissidents.

    In 2001, he and Michael Ledeen, a prominent figure in the Iran-contra scandals of the Reagan administration, met secretly with the Iranian arms dealer Manucher Ghorbanifar in Italy, the man who had brokered Israeli missile sales to Iran in exchange for efforts to free American hostages in Lebanon in the deal that came to be known as Iran-Contra.

    Franklin had pleaded guilty to passing government secrets and was given more than 12 years in prison – a sentence likely to be reduced as a result of his cooperation after the upcoming trial. He is being represented by Plato Cacheris, the attorney who represented Fawn Hall, the former secretary to Oliver North, a key player in the hostages-for-arms deal, as well as CIA turncoat Aldrich Ames.

    Sphere: Related Content

     Read related stories: Crime · News  

    1 Comments

    • #1.   Institute for Research 03.05.2008

      It is difficult to believe that a trial, which is fair to the defendants, and thorough on the part of the prosecution team, will actually move forward next month.

      1. AIPAC and founder Si Kenen came under extreme scrutiny by the Senate Foreign Relations Committee for operating as unregistered foreign agents in the 1960s, but nothing happened.

      2. AIPAC was found by the FBI to have negotiated the first ever US free trade agreement with purloined International Trade Organization documents; the agreement was signed anyway. FBI did not move forward.

      3. AIPAC was found to be coordinating political action committees in violation of its tax exempt status. AIPAC was found to be acting as a PAC, without disclosing donors, the case made it to the Supreme Court, but no action was taken and even that decades old case is still in limbo.

      4. Co-prosecutor Kevin DiGregory has just abandoned the case to take a job in the private sector (reminiscent of the golden parachute of Carol Lam in the US attorney firing scandal).

      5. AG Mukasey has been lobbied publicly by the Wall Street Journal to toss this prosecution, and likely privately from many different sides. The case may already be hobbled and “damaged goods” in the DOJ, which, like the administration, would probably rather see this all go away.

      History would indicate that this is the type of subject that doesn’t get a fair hearing in America. (data cited from the book “Foreign Agents: The American Israel Public Affairs Committee from the 1963 Fulbright Hearings to the 2005 Espionage Scandal”

    Leave a Comment


  • A-list witnesses may skip Pellicano trial

    Alas, the stars may not come out in number at the long-awaited trial of Anthony Pellicano, known throughout the media as “the private eye to the stars.”

    Pellicano, 63, goes on trial Wednesday in Los Angeles. He’s accused of racketeering, illegal wiretapping and other charges.

    He supposedly worked as a sleuth for Chris Rock and Stephen Seagal, among others. (Story continues below interactive map.)

    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.


    He and his associates also allegedly dug up dirt on lots of celebs, including Garry Shandling, Kevin Nealon and Sylvester Stallone.

    There’s always a chance that these and other household names could be called to testify at Pellicano’s trial.

    However, David M. Halbfinger of The New York Times reported Saturday that the key witnesses may come from the board room rather than the big screen.

    He drew his information from a 129-page brief filed by prosecutors Thursday. It omits many names that had appeared on a 244-person witness list obtained by Fox News earlier in the month.

    The first witness list included Shandling, Nealon and Stallone. Bert Fields, the “lawyer to the stars” who frequently employed Pellicano as an investigator, was also on that list, as was Michael Ovitz, former president of the Walt Disney Company.

    Halbfinger reports that hedge fund billionaire Alec E. Gores will be called on behalf of the prosecution.

    Gores allegedly listened to Pellicano-obtained wiretaps of conversations between his then wife, Lisa Gores, and his brother Tom Gores. Alec Gores had hired Pellicano because he suspected the two were having an affair.

    The founder and chairman of The Gores Group, Alec Gores had a net worth of $1.5 billion in 2007. That placed him at number 317 on the Forbes list of 400 Americans.

    His brother Tom, the founder and chairman of another hedge fund, Platinum Equity, did even better in 2007. Setting his net worth at $2.2 billion, Forbes ranked him number 204 on the Forbes 400.

    Halbfinger also reported that Adam D. Sender, the manager of Exis Capital Management, another hedge fund, will testify that he hired Pellicano. The private detective allegedly wiretapped a movie producer to gain information for Sender.

    In addition to running his hedge fund, Sender is an art collector and investor. Recently, he has been quoted as saying that his investing in art is a better bet than investing in the markets.

    The world of real estate could be represented at the trial by Susan Reddan Maguire, the former wife of Robert F. Maguire III. He’s the CEO and board chairman of Maguire Properties, a company that owns several skyscrapers and other properties in the Los Angeles area.

    Susan Maguire is expected to testify that Pellicano wiretapped her husband while they were going through a divorce.

    The Times reports that there will be at least one movie connection during the trial. Sandra Will Carradine is expected to testify that Pellicano wiretapped her then husband, actor Keith Carradine, during their divorce.

    Sandra Carradine, who was also romantically involved with Pellicano, pleaded guilty in 2006 to perjury for testifying she didn’t know about the wiretaps.

    In 2006, a grand jury indicted Pellicano and six other people on several charges relating to their information gathering.

    Two of the defendants, Daniel Nicherie and Robert Pfeifer, subsequently pleaded guilty.

    In addition to Pellicano, who will represent himself at trial, the other remaining defendants are:

    Mark Arneson, a former Los Angeles police detective; Rayford Earl Turner, a phone company worker; Kevin Kachikian, a computer programmer; and Abner Nicherie, Daniel Nicherie’s brother.

    Sphere: Related Content

     Read related stories: Celebs · Law · News  

    0 Comments

    • There are no comments yet, be the first by filling in the form below.

    Leave a Comment