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Archive for Sunday, April 22, 2012

Around and about in local business

April 22, 2012

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• Leavenworth Jefferson Electric Cooperative will host its annual business meeting at 7 p.m. Tuesday at the McLouth High School Theater Auditorium. In addition to hearing a review of programs, members can vote on proposed changes to by-laws. And three board members will be elected. Nominees are: Bill Pohl and John Donovan for District 1; Larry Meadows for District 4; and Marty Shaw and Rick Reischman for District 6. Members who can’t attend but would like to vote can visit the LJEC website at www.ljec.coop for a voting proxy form or call the LJEC office, 888-796- 6111.

• Dr. Kent Bradley, a Lawrence native, has been named interim chairman of the obstetrics and gynecology department at the Kansas University School of Medicine-Wichita. The position was vacated by Dr. Douglas Horbelt, who retired in March after 37 years of service. Bradley, a KU School of Medicine graduate, is an assistant professor and treats patients at Associates in Women’s Health, PA, in Newton.

• Rosemary Stipe, part owner of Travellers Inc. in Lawrence, recently received recognition in Dublin, Ireland, for her work in sending tourists to Ireland. The recognition was given by Michael Ring, minister of state for tourism and sport, and Shane McEntree, minister of state for agriculture.

•Three team members have joined Callahan Creek: Stefan Mumaw, creative director; Kerri MacWherter-Webb, account supervisor; and Laura Frizell, account coordinator.

• Cindi Hickey, Lawrence, director of library development for the State Library of Kansas, recently was recognized with the 2012 Kansas Library Association Presidential Award for Meritorious Service. In addition, she received the Duane Johnson Library Leadership Award given by the Friends of Kansas Libraries. Hickey joined the State Library staff in 2006 after serving for several years as an information technology librarian and as a consultant to libraries.

• The Douglas County Conservation District is conducting a sign-up through May 31 for state financial assistance to install enduring conservation practices. For more information, contact Jim Weaver, program coordinator at Douglas County Conservation District, 843-4260, ext. 1128, or at james.weaver@ks.nacdnet.net.

• Harry Herington, CEO and chairman of the board of NIC Inc., is a finalist in this year’s Ernst & Young Entrepreneur of the Year program in the central Midwest region. The award recognizes outstanding entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance, and personal commitment to their businesses and communities. Herington’s leadership has helped the company grow from its first state partner, Kansas, in 1992 to 27 state and two federal agency partners today. During his time as CEO, NIC has been named for three consecutive years to Forbes list of the “100 Best Small Companies in America,” ranking 20th on the list in 2011.

• Jordan Yochim, Lawrence, will begin work May 14 as executive director of the Kansas Bar Association. Yochim served nearly seven years as associate director of the Biodiversity Institute at Kansas University, where he holds both a bachelor’s and a master’s degree.

Comments

Richard Heckler 2 years, 8 months ago

(Reuters) - Wal-Mart Stores Inc, the world's largest retailer, squelched an internal investigation into allegations of bribery at its Mexican subsidiary instead of broadening the probe, the New York Times reported on Saturday.

The Times said that in September 2005, a senior Wal-Mart lawyer received an e-mail from Sergio Cicero Zapata, a former executive at the company's largest foreign unit, Wal-Mart de Mexico, describing how the subsidiary had paid bribes to obtain permits to build stores in the country.

Wal-Mart sent investigators to Mexico City and found a paper trail of hundreds of suspect payments totaling more than $24 million, but the company's leaders then shut down the investigation and notified neither U.S. nor Mexican law enforcement officials, the Times reported.

Richard Cassin, a U.S. FCPA lawyer, said Wal-Mart faces an uphill battle to convince the Justice Department and SEC that its problems are confined to Mexico.

"Before any resolution with U.S. authorities is possible, the company has to look under every stone for possible corruption. Are there any similar issues in China or other countries? That's what U.S. authorities will want to know. Wal-Mart's shareholders will be asking the same question," he said.

STEPS TO CONCEAL PAYMENTS The Times reported that Cicero, the former Walmex executive, gave names, dates and bribe amounts, adding that he knew so much because for years he had been the lawyer in charge of obtaining construction permits for Walmex.

Castro-Wright became CEO of Walmex in 2003 and was named CEO of Walmart US in 2005. He became a vice chairman in 2008 and led e-commerce from 2010 until January of this year, and is set to retire July 1. He could not be reached for comment.

Wal-Mart found documents showing that Walmex's top executives not only knew about the payments, but had taken steps to conceal them from Wal-Mart's headquarters in Bentonville, Arkansas, the Times reported.

Wal-Mart hired Willkie Farr & Gallagher, a law firm with extensive experience in FCPA cases, to look into the matter, but when the firm suggested a thorough investigation, it was rejected for a more "limited preliminary inquiry," the paper said. Willkie Farr could not be reached for comment.

The Times said Wal-Mart's own lead investigator, a former F.B.I. special agent, said there was reasonable suspicion to believe Mexican and U.S. laws had been violated and had recommended an expanded investigation.

The Times said that in a meeting where the investigation was discussed, then Chief Executive Lee Scott rebuked internal investigators for being too aggressive.

Days later, the paper said its records showed Wal-Mart's top lawyer arranged to ship the internal investigators' files on the case to Mexico City.

http://news.yahoo.com/wal-mart-silenced-mexican-bribe-inquiry-ny-times-020339438.html

Norm Jennings 2 years, 8 months ago

OK. Not a fan of the "evil empire" either, but sometimes the sanctimonius hypocrisy waxes ridiculous.

Care to research how much support of the American Revolutionary Army had to be supported by bribery and coercion?? Yes, I realize that 2 wrongs do not make a right, but one wrong doesn't make a great platform for preaching about following the moral high road either.

I suspect that Mexico becoming an economically stable, crime-controlled nation will benefit from widespread acceptance of law - in addition to "rule of law." This acceptance comes with having something to lose, which I do not understand to be the case now for many Mexican citizens. Some of the efforts that will create an environment of having something worth preserving will not come with further militarized law enforcement or sermonizing from afar. "Creative," read as (marginally illegal) tactics will be instrumental (just as they were in the early United States) if any hope of long-term success is be contemplated. Joseph Kennedy's rich seedbed for the American political "Camelot" was not supported from selling Bibles or Bandages. You can research yourself for the background.

Call Wal-Mart to account by all means. I agree with mulimillion dollar companies paying their dues as the cost of doing business, including criminal fines when applicable. However, please recall that what they are doing is not necessarily worthy of demonizing, or training young American minds that it is acceptable to shroud jealousy or envy of conspicous success with "moral" stone-throwing.

Richard Heckler 2 years, 8 months ago

NEW YORK--(BUSINESS WIRE)-- Levi & Korsinsky is investigating the Board of Directors of Knology, Inc. (“Knology” or the “Company”) (Nasdaq: KNOL) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to WOW! Internet, Cable & Phone. Under the terms of the agreement, Knology shareholders will receive $19.75 for each share of Knology stock they own. The transaction has a total approximate value of $1.5 billion.

Click here to learn how to join the action: http://www.zlk.com/knology-knol, or call: 877-363-5972. There is no cost or obligation to you.

The investigation concerns whether the Knology Board of Directors breached their fiduciary duties to Knology stockholders by failing to adequately shop the Company before entering into this transaction and whether WOW! Internet, Cable & Phone is underpaying for Knology shares, thus unlawfully harming Knology stockholders.

If you own common stock Knology and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or http://www.zlk.com.

Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.

Richard Heckler 2 years, 8 months ago

Publicopoly Exposed

How ALEC, the Koch brothers and their corporate allies plan to privatize government.

ALEC nuts and bolts

ALEC is a 501(c)(3) not-for-profit organization that in recent years has reported about $6.5 million in annual revenue. ALEC’s members include corporations, trade associations, think tanks and nearly a third (about 2,000) of the nation’s state legislators (virtually all Republican). According to the group’s promotional material, ALEC’s mission is to “advance the Jeffersonian principles of free markets, limited government, federalism, and individual liberty, through a nonpartisan public-private partnership of America’s state legislators, members of the private sector, the federal government, and general public.”

ALEC currently claims more than 250 corporations and special interest groups as private sector members. While the organization refuses to make a complete list of these private members available to the public, some known members include:

  • Wal-Mart
  • Exxon Mobil
  • the Corrections Corporation of America
  • AT&T
  • Pfizer Pharmaceuticals
  • Time Warner Cable
  • Comcast
  • Verizon
  • Phillip Morris International
  • Koch Industries
  • along with a host of right-wing think tanks and foundations.

ALEC is composed of nine task forces–(1) Public Safety and Elections, (2) Civil Justice, (3) Education, (4) Energy, Environment and Agriculture, (5) Commerce, Insurance and Economic Development, (6) Telecommunications and Information Technology, (7) Health and Human Services, (8) Tax and Fiscal Policy and (9) International Relations–each comprised of “Public Sector” members (legislators) and “Private Sector” members (corporations and interest groups).

Each of these task forces, which serve as the core of ALEC’s operations, generate model legislation that is then passed on to member lawmakers for introduction in their home assemblies. According to ALEC promotional material, each year member lawmakers introduce an average of 1,000 of these pieces of legislation nationwide, 17 percent of which are enacted. For 2009, ALEC claimed a total of 826 pieces of introduced legislation nationwide, 115 of which were passed into law–slightly below the average at 14 percent. ALEC does not offer its model legislation for public inspection.

ALEC refused to comment on any aspect of the material covered here.

More and more: http://www.inthesetimes.com/article/11603/publicopoly_exposed/

rockchalker52 2 years, 8 months ago

The snapster provides humor & entertainment on a daily basis.

jlw53 2 years, 8 months ago

Who taught Merrill how to use the internet? Please no more Ctrl+C, Cntrl+V

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