I wonder what kind of royalties their lawyers negotiated for letting the pipeline over/under their property?
Their’s an oil bonanza in eastern Africa. Revenues could lift millions out of poverty. On paper the people in the picture are richer than me. In reality, they might need better lawyers.
Photo Credits: The Economist / Panos
Video played prior to the 2012 Pittsburgh Pirates taking the field.
This was from a larger article from the Atlantic. Free feel to check it out, it a nice a article about the team and the city of Pittsburgh. Here is my favorite video of the bunch. In it, an actor walks around Pittsburgh, speaking to the pride the Pirates provide the city.
The other video that I like:
Pittsburgh Pirates Late Night TV Show Lineups
Reposted from The Economist
From: Mirkwood Capital To: High-net-worth rulers
“IT IS bad enough to be kicked out of power by an ungrateful mob or a jumped-up colonel. Imagine, though, that after years of public service you and the presidential family are condemned not just to exile in fun-loving Saudi Arabia but also to penury. Unfortunately, the latest reports (see article) are all too true: do-gooding lawyers, interfering officials and vengeful successors pose a growing threat to your savings.
The good news is that we at Mirkwood are here to help. We recognise your hard work as “chief executive” of a benighted nation, the tough decisions you had to take to deal with mendacious critics, the threats you faced from treacherous underlings. Did Bill Gates ever put his life on the line the way you did when you shot your brother? Did Jack Welch have to fill out the ballot papers for tens of millions of illiterate tribesmen? You deserve a decent “retirement fund” in return for your sacrifices. And here is our four-point guide to keeping it safe. Continue reading
The interview below took place in 2006 prior to the financial crisis. It is Klarman being interviewed in front of Harvard students for their Psychology of Leadership course.
Introduced in 1977, the 8-bit computer designed primarily by Steve Wozniak was one of the first successful personal computers.
I have included Greenlight Capital iPrefs presentation. David Einhorn’s hedge fund is a major sharedholder of Apple and has been advocating for different ways to return some of Apple’s $145 billion+ cash to the owners. He has proposed a new class of preferred shares named “iPrefs”, that would pay a fatter yield than the common shares. Tim Cook, the CEO of Apple, has called the proposal a “silly sideshow”. Yesterday Apple reported their 2nd quarter earning numbers and announced that they will boost dividend payout and increase share buyback. At least David is getting paid.
Presentation link below:
iPref Presentation by Greenlight Capital
Photo Credits: Forbes