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#1
07-20-2007, 10:27 AM
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Dow boardmember resigns in protest (WRT News corp.)
http://www.rawstory.com/showarticle....947870694.html
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"While many regions of the world offer great oil opportunities, the Middle East with two thirds of the world’s oil and the lowest cost, is still where the prize ultimately lies, even though companies are anxious for greater access there, progress continues to be slow."- Dick Cheney, 1999 "Even more significant than the numbers is the perception of risk among workers..."- Harvard law professor Paul Weiler 
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#2
07-20-2007, 10:29 AM
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He'd have been let go soon, so this was a cheap way to get publicity.
__________________
If once a man indulges himself in murder, very soon he comes to think little of robbing; and from robbing he comes next to drinking and Sabbath-breaking, and from that to incivility and procrastination. Once begun upon this downward path, you never know where you are to stop. Many a man has dated his ruin from some murder or other that perhaps he thought little of at the time.
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#3
07-20-2007, 10:29 AM
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From what I understand, which couldn't fill a shot glass, Murdoch is offering way more than it's worth. If analyzed from a strictly financial perspective the Bancrofts who don't go along with the offer are insane.
__________________
Grand Funk Railroad paved the way for Jefferson Airplane, which cleared the way for Jefferson Starship. The stage was now set for the Alan Parsons Project, which I believe was some sort of hovercraft. For more information on Grand Funk consult your local library.
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#4
07-20-2007, 10:30 AM
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Quote:
__________________
"While many regions of the world offer great oil opportunities, the Middle East with two thirds of the world’s oil and the lowest cost, is still where the prize ultimately lies, even though companies are anxious for greater access there, progress continues to be slow."- Dick Cheney, 1999 "Even more significant than the numbers is the perception of risk among workers..."- Harvard law professor Paul Weiler
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#5
07-20-2007, 10:30 AM
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Could I ask why this is in political?
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#6
07-20-2007, 10:31 AM
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Obscure board member who casts vote with losing side, leaves job a few months before being shown the door anyway.
Why would anyone care? I doubt there is a person on the planet, with the possible exception of Dieter von whatshisface that cares about what dieter von whathisface does as a board member in between now and his inevitable termination.
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“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.” "When the stock market crashed, Franklin D. Roosevelt got on the television and didn't just talk about the, you know, the princes of greed. He said, 'Look, here's what happened.'"--Joe Biden
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#7
07-20-2007, 10:32 AM
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Quote:
So, I think having a huge media conglomeration buying Dow Jones and the WSJ to use as a political tool, well it's political at its core.
__________________
"While many regions of the world offer great oil opportunities, the Middle East with two thirds of the world’s oil and the lowest cost, is still where the prize ultimately lies, even though companies are anxious for greater access there, progress continues to be slow."- Dick Cheney, 1999 "Even more significant than the numbers is the perception of risk among workers..."- Harvard law professor Paul Weiler
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#8
07-20-2007, 10:33 AM
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Quote:
There. Happy?
__________________
“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.” "When the stock market crashed, Franklin D. Roosevelt got on the television and didn't just talk about the, you know, the princes of greed. He said, 'Look, here's what happened.'"--Joe Biden
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#9
07-20-2007, 10:33 AM
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Quote:
 Exactly. Dow Jones was trading in the mid $30s before the offer of $60/share (which was calculated mainly to discourage a bidding war). Murdoch mainly wants Dow Jones to complement his new Fox Business channel starting up later this year.The Bancrofts have pretty much used Dow Jones as their family piggy bank for a long time, paying themselves tidy dividends instead of caring about the company's real financial prospects. I'm not a fan of Murdoch, but the offer should definitely be accepted if no other comparable offers are available (which they aren't).
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#10
07-20-2007, 10:33 AM
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Quote:
__________________
If once a man indulges himself in murder, very soon he comes to think little of robbing; and from robbing he comes next to drinking and Sabbath-breaking, and from that to incivility and procrastination. Once begun upon this downward path, you never know where you are to stop. Many a man has dated his ruin from some murder or other that perhaps he thought little of at the time.
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