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-Caveat Lector- What usually happens is somebody like Clark makes a backroom
deal with somebody like Dean or Kerry, vote-brokering his bloc
in exchange for a deal for somebody like Stephens, then the
vote-broker drops out--he gets beat anyway. Money then
flows from the sellout's backers into the winner's campaign.
The voters are controlled, backers and candidates get quid
pro quo on deals.
So to know that Clark's main backer is Stephens tells us a lot
whether Clark is a winner or not.
-Bob
Jim Rarey wrote:
During the past fiscal year we had an agreement with an affiliate of Stephens Group, Inc. ("Stephens"),
whereby we retained the consulting services of a former Stephens employee who is also one of our board members,
General Wesley K. Clark, in connection with our pursuit of contracts with various government agencies. Under the
agreement, commissions were payable to the Stephens affiliate on revenue from government contracts attributable
to Clark's efforts, which commissions were to be offset against an annual consulting fee of $300,000. As of
March 1, 2003, General Wesley K. Clark resigned from Stephens and founded Wesley K. Clark & Associates, a
business services and development firm. As of that date we replaced the agreement with the Stephens affiliate
with an agreement with Wesley K. Clark & Associates for the consulting services of General Clark. Under the
terms of the new agreement, Acxiom will pay Clark an annual retainer of $150,000 plus commissions for new
business obtained through Clark's efforts, which commissions will be offset against the retainer.
Under a 1992 data center management agreement between Acxiom and TransUnion LLC, Acxiom (through a
subsidiary, Acxiom CDC, Inc.) acquired all of TransUnion's interest in its Chicago data center and agreed to
provide TransUnion with various data center management services. The current term of the agreement expires in
2005. In addition to the data center management agreement, TransUnion and Acxiom have entered into other
agreements relating to data usage and joint marketing of products and services. In the past fiscal year, Acxiom
recognized approximately $71.1 million in revenue from TransUnion and made payments to TransUnion in the amount
of approximately $8.4 million pursuant to the various contracts between the parties. In connection with the 1992
data center management agreement, Acxiom agreed to use its best efforts to cause one person designated by
TransUnion to be elected to Acxiom's Board of Directors. TransUnion designated its CEO and President, Harry C.
Gambill, who was appointed to fill a vacancy on the Board in November 1992 and was elected by the stockholders at
the 1993 annual meeting. He was elected to serve additional terms at the 1996, 1999 and 2002 annual meetings.
Under a second letter agreement, executed in 1994 in connection with an amendment to the 1992 agreement which
continued the then-current term through 2002, Acxiom agreed to use its best efforts to cause two people
designated by TransUnion to be elected to Acxiom's Board of Directors. In addition to Mr. Gambill, TransUnion
designated Robert A. Pritzker, an executive officer of Marmon Industrial Corporation, who joined the Board in
October 1994. Mr. Pritzker resigned from the Board in May 2000 to attend to other business obligations. While
these undertakings by Acxiom are in effect until the end of the current term of the agreement (2005), Acxiom has
been notified that TransUnion does not presently intend to designate another individual to serve as director. In
addition to the services agreements between Acxiom and TransUnion, Acxiom has recently purchased two businesses
from TransUnion. (See note 3 to the financial statements contained in the Annual Report at page F-51.)
For Release: April 16, 2001Appeals Court Upholds FTC Order;
Trans Union Must Stop Illegal Sales of Consumer Reports to Target MarketersThe United States Court of Appeals for the District of Columbia Circuit has upheld a Federal Trade Commission decision ordering the Trans Union Corporation to stop selling consumer reports in the form of target marketing lists to marketers who lack an authorized purpose for receiving them under the Fair Credit Reporting Act ("FCRA"). This ruling prohibits Trans Union from selling to target marketers the names and addresses of individuals who meet specific credit criteria -- such as a list of people who possess an auto loan or a credit card with a credit limit greater than $10,000, or those that have two or more mortgages.
In February 2000, the Commission unanimously upheld an administrative judge's opinion that Trans Union's target marketing lists are "consumer reports" as defined by the FCRA and that by selling the information to target marketers who lack one of the "permissible purposes" enumerated under the Act, Trans Union is violating the law. Trans Union petitioned the Court of Appeals to review the FTC order. The case was argued before the court on February 6, 2001 and the court's opinion was issued on April 13.
The Court's Opinion, filed by Judge David S. Tatel on behalf of himself, Chief Judge Harry T. Edwards and Judge Douglas H. Ginsberg stated: "Petitioner, a consumer reporting agency, sells lists of names and addresses to target marketers - companies and organizations that contact consumers with offers of products and services. The Federal Trade Commission determined that these lists were 'consumer reports' under the Fair Credit Reporting Act and thus could no longer be sold for target marketing purposes. Challenging this determination, petitioner argues that the Commission's decision is unsupported by substantial evidence and that the Act itself is unconstitutional. Because we find both arguments without merit, we deny the petition for review."
As part of its argument in the case, Trans Union contended that neither the FCRA nor the FTC Order demonstrated a substantial government interest in protecting consumers' privacy and, therefore, violated Trans Union's right to free speech under the First Amendment. "Contrary to the company's assertions, we have no doubt that this interest - protecting the privacy of consumer credit information- is substantial," the Court wrote.
This case began in 1992, when the Commission filed an administrative complaint alleging that Trans Union violated Sections 604 and 607(a) of the FCRA by "compil[ing], for sale to clients, lists of consumers, based in whole or in part on information contained in its consumer reporting database . . . ." Administrative Law Judge Lewis F. Parker upheld the allegations in a 1993 summary decision that the Commission affirmed in 1994. The United States Court of Appeals for the District of Columbia Circuit thereafter remanded the case to the Commission for further findings and, after a full trial, Administrative Law Judge James P. Timony issued an Initial Decision and Order on July 31, 1998. Judge Timony held that counsel for the FTC presented evidence showing that Trans Union's lists are "consumer reports" under the FCRA and that Trans Union disclosed them to entities which lacked a statutorily-defined permissible purpose for obtaining them. Such disclosure violated Sections 604 and 607(a) of the FCRA. Trans Union appealed both rulings to the Commission, which upheld them.
Trans Union is based in Chicago, Illinois, and is one of the three national credit bureaus, or consumer reporting agencies, in the United States. Its database currently contains information on approximately 190 million consumers.
Trans Union must halt the illegal sales within ten days of the Court's ruling, or April 23, 2001.
=====In negotiating his controversial takeover of the Trans Union Corporation (Trans Union), Jay A. Pritzker proposed an initial offer of $55 per share. The Chief Executive Officer of Trans Union, Jerome W. Van Gorkom, responded that: to be sure that $55 was the best price obtainable, Trans Union should be free to accept any better offer. Pritzker demurred, stating that his organization would serve as a "stalking horse" for an "auction contest" only if Trans Union would permit Pritzker to buy [treasury] shares of Trans Union at market price which Pritzker could then sell to any higher bidder.
Ultimately, Pritzker entered into an agreement with Trans Union in which Pritzker agreed to make a $55 cash offer to Trans Union stockholders and in return Trans Union agreed to sell Pritzker one million treasury shares at the premerger market price of $38 per share. While some members of Trans Union's senior management initially objected to the deal, claiming that it amounted to a "lock-up" which "would inhibit other offers," the deal eventually went on to fruition, and ultimately, litigation. In a "lock-up" merger agreement, a bidder's tender offer is conditioned upon the bidder's receiving the option to purchase treasury shares of the target corporation at a price below the tender offer. The term "lock-up" seems to derive from the perception that such agreements "lock-out" other potential bidders that find it economically infeasible to enter competing bids for the diluted stock.
http://myphliputil.pearsoncmg.com/student/cheeseman/case37_1.html
http://www.bostonmagazine.com/ArticleDisplay.php?id=209
http://www.sumeria.net/politics/opal.html
The Opal File
- A 20 Year History In Brief
...Fletcher and Papps (Chairman UEB) sell their hotel operations to Singaporian interest clossely associated with the Pritzker family - owners of the Hyatt Hotel chain. Burton Kanter, Pritzker family lawyer and Director of Hyatt Hotels, who helped arrange the deal, was an old family partner of Paul Helliwell (CIA paymaster for the Bay of Pigs fiasco) and had helped the Pritzker family set up tax shelters using the CIA's Mercantile Bank and Trust and the Castle Bank, which had been set up by Helliwell for 'laundering' profits from the Onassis heroin operations as well as 'skim money' from the Hughes casino operations in Las Vegas.
Others who used these banks include Richard Nixon, Bebe Rozo, Robert Vesco, Teamsters Union, etc.
12th March, 1981: Brierley calls secret meeting in Auckland, which includes Jones, Fletcher, Hawkins, Papps and Burton Kanter, to discuss transfer of the Fletcher Challenge and UEB hotel operations to the Singapore front company controlled by the Pritzker family. ...
http://www.law.emory.edu/11circuit/feb2003/01-17249.opn.html
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Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service. www.ctrl.org DECLARATION & DISCLAIMER ========== CTRL is a discussion & informational exchange list. Proselytizing propagandic screeds are unwelcomed. Substance—not soap-boxing—please! These are sordid matters and 'conspiracy theory'—with its many half-truths, mis- directions and outright frauds—is used politically by different groups with major and minor effects spread throughout the spectrum of time and thought. That being said, CTRLgives no endorsement to the validity of posts, and always suggests to readers; be wary of what you read. CTRL gives no credence to Holocaust denial and nazi's need not apply.Let us please be civil and as always, Caveat Lector. ======================================================================== Archives Available at:
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