Showing posts with label Dramatic. Show all posts
Showing posts with label Dramatic. Show all posts

Wednesday, February 15, 2012

UPDATE: 24 Arrested At Citibank; Dramatic Video Shows Woman In A Suit Getting Arrested

Today some Occupy Wall Street marchers went directly to banks.

According to Alex Silverman of CBS New York, 17 24 were arrested for trespassing inside the LaGuardia Pl. Citigroup location. Another 2 were arrested outside for disorderly conduct.

This idea of being more confrontational with banks will help the protesters get more attention, but going to random retail outlets, and being a nuisance inside the part where the ATMs are is going to be pretty ineffective.

Several people have pointed out that the purpose of going to the bank was to withdraw accounts (as a protest) so characterizing the entry there purely as a demonstration does not seem to be accurate.

This video of a women in a suit -- who may or may not have been there to protest -- is making the rounds is also pretty dramatic.

SEE ALSO: These charts explain why protesters are so angry >

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Sunday, September 11, 2011

IGNORE JERRY: Yahoo's Board Is Open To "Dramatic Changes"

  x You have successfully emailed the post. Yahoos QuitThe Yahoo board is open to "dramatic changes," including breaking up the company, selling off pieces, and selling the whole thing, sources tell The Wall Street Journal's M&A reporter Anupreeta Das.

During a company-wide meeting with employees yesterday, Yahoo cofounder, former CEO, and current board member Jerry Yang said that Yahoo is not for sale.

Meanwhile the Yahoo board is close to retaining M&A bank Allen & Co.

Sources think Jerry said this for two reasons:

Yahoo management wants to keep panic out of the herd. The top feels the rank and file will flee if it has to go through another Carol Bartz-like reset.Jerry himself is very resistant to change, and would probably prefer to keep Yahoo indepedent. Remember, he's the one who turned down Microsoft's $40 billion a couple years ago.

As we noted last night, Yahoo's future will likely follow one of three paths.

A top flight technology or media figure like former News Corp boss Peter Chernin or Marc Andreessen could join with a private equity firm like KKR and buy Yahoo and run it or hire someone else to.Yahoo could stay with its current "premier digital media company" strategy and let interim CEO Tim Morse run the thing until it is sold – perhaps to News Corporation. (Yes we're hearing that one again).The board could decide the current strategy won't work, and that Yahoo needs another "turnaround" CEO and it hire someone like Facebook COO Sheryl Sandberg, ex-OpenTable CEO Jeff Jordan, or News Corp digital boss Jon Miller. Please follow SAI on Twitter and Facebook.
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Tuesday, September 6, 2011

As Europe Closes, Top German Bank Chief Warns: Banking Situation Is "More Dramatic" Than In 2008

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Right at 11:30 AM (ET) when Europe closed, an ominous headline came out.

RTRS-GERMAN DEVELOPMENT BANK KFW CHIEF SCHROEDER- SITUATION OF BANKING INDUSTRY IS "MUCH MORE DRAMATIC THAN IN 2008

We haven't seen more context yet. That's from FT Alphaville's Neil Hume.

Needless to say, the funding situation in Europe is very bad.

Along the same themes, earlier FT's Tracy Alloway published chart from Deutsche Bank, showing that through 2011, there's been no net new issuance of bank debt in Europe.

bank issuanceImage: Deutsche Bank

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