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18 Feb 2012 13:08


Biz, Tech: Mike D gets respect, opportunity to vote on AT&T’s net neutrality policy

  • They didn’t say anything about cash or jewelry, but the SEC did side with three AT&T investors — including the Beastie Boys’ Michael “Mike D” Diamond — who believed that shareholders should have a vote in the company’s net neutrality policy, because it has become part of the national debate. AT&T argued that the vote would “directly interfere with its network management practices”, but ultimately the SEC ruled that wireless providers must now allow for shareholder votes on net neutrality proposals. Should such proposals pass, providers would be required to “operate a neutral network with neutral routing along the company’s wireless infrastructure.” source

23 Jul 2010 23:08


Biz: SEC settlement: Dell pays for pumping up earnings with Intel’s money

  • $4.3 billion the amount Dell reportedly received from Intel from between 2003 and 2007 for using their chips exclusively
  • $100 million the amount Dell has to pay in fines today; the Intel fees are subject of antitrust inquiries source
  • » Don’t forget: This was largely the same era during which Dell knowingly sold millions of computers with 97 percent failure rates. So if you want to talk about business practices which eventually led to lawsuits and SEC settlements, look no further than Dell circa 2005.

20 Jul 2010 10:53


Biz: Goldman Sachs’ post-SEC profits fall precipitously, laughably

  • 86% decline in Goldman Sachs’ profits during the second quarter of 2010 – in other words, from a huge number to a very large one
  • $613M the size of their profits in the first quarter after paying a massive SEC fine and getting nicked by British taxes source

15 Jul 2010 22:25


Biz: Goldman Sachs’ SEC settlement a drop in the investing bucket

  • $550
    the size of the settlement the company had to pay to the SEC
  • $13
    the size of the company’s massive annual profits last year source

18 May 2010 21:09


Biz: The SEC wants to prevent another “flash crash”; here’s how

  • 10% the amount a stock can go down in a five-minute period before a circuit breaker goes off and pauses a stock
  • five the number of minutes that stock is halted; the “flash crash” was caused by inconsistent standards source

30 Apr 2010 15:27


Biz: Goldman Sachs under investigation? Let’s send your stock tumbling!

  • 9.5% stock freefall thanks to new legal troubles source

28 Apr 2010 11:21


Politics: Pundits try to put the Goldman Sachs saga into words, struggle

  • Can this be easily explained? No, but these pundits are gonna try. Here’s a five-minute long video of TV news types trying to explain what some say is easy to explain but others say is really hard. Either way, it’s hilarious to watch them play with metaphors. source

27 Apr 2010 20:27


Biz: Fabrice Tourre: Goldman Sachs’ fraud mastermind or fall guy?

Fabrice Tourre, a kid in these circles at 31, reportedly created the ABACUS system which defrauded investors in 2007. He looked scared today. source

27 Apr 2010 20:20


Biz: Goldman Sachs execs had a lot of sweat furrowing their brows today

  • They’re buying something from you, and you are betting against it. And you want people to trust you? I wouldn’t trust you.
  • Sen. Carl Levin • Talking in very harsh terms to Goldman Sachs CEO Lloyd Blankfein – a hearing put together in the wake of the SEC lawsuit against the company. He and other Goldman staffers looked really uncomfortable with being there, and Levin didn’t help – especially due to all the profanity he was using in criticizing them. He said “)*#(%@” eleven freaking times in a ten-minute period. source

26 Apr 2010 21:16


Biz, U.S.: Our latest AOL News article tackles the SEC’s strange porn habit

  • Did some SEC employees have too much time on their hands? Last week, a lot of the buzz on the ‘net was around revelations that SEC staffers were caught looking at porn. But it’s not as bad as it looks. According to a study we found, 28 percent of people at your average cubicle farm (like this one) look at porn at work (we know, right?!). An internal investigation by the Securities and Exchange Commission nailed around one percent of their employees. And we think we know why they were so bored. Read our latest AOL News article for some insight. source