The Anatomy of Public Corruption

Elliott Management Corporation

Elliott Management Corporation

Below is a list of investments managed by Elliot but several of their investments are linked to domestic terrorism events.  My story is about pgewitness.com and AT&T who is covering up the Cyber Terrorism event called NIMDA

Investments[edit]

Early activities[edit]

Early in its history, Elliott focused on convertible arbitrage, refocusing primarily on distressed debt investing following the 1987 stock market crash and early 1990s recession. Elliott is known for restructuring such U.S. firms as TWAMCIWorldCom, and Enron[25] as well as overseas companies including Telecom Italia SpA and Elektrim.


The ENRON story is about Bennett v. Southern Pacific filed in 1987 lost in early 1990 when the witnesses vanished.  One key witness was murdered, Bennett learned about the murder over a decade later but unknown until 2014 was the connection to Philip Anschutz 

Wella AG[edit]

In 2003, Elliott believed P&G was not offering a fair price to all preferred shareholders for the German hair products company Wella AG. Elliott joined other funds in opposing the deal, including Germany's second-largest fund manager, Deka Investments. After several years of legal and shareholder battles, P&G raised its offer for Wella AG for all preferred shareholders.[13] According to the Börsen-Zeitung, Elliott said its goal was to "protect the rights of minority shareholders."[26]

Shopko[edit]

In April 2005, the Wisconsin-based retail chain Shopko announced that it had agreed to be acquired for approximately $1 billion by a private equity firm at a price of $24 per share.[27] This and a subsequent offer at $25 were rejected, according to the Milwaukee Business Journal, "after several dissident shareholders threatened to vote down the transaction, claiming the bid was too low." Elliott joined other hedge funds in opposing the sale because it felt the price was too low and because it had concerns about conflicts of interests on the board.[28][29] Elliott eventually participated in purchasing ShopKo at $29 per share.[30]

Adecco[edit]

The human resource consulting company Adecco announced in January 2006 it had secured a 35 percent stake in DIS AG, at a price of €54.5 per share, making an offer at that price for all shares.[31] The company also announced that the DIS CEO and CFO had signed lucrative management agreements that eventually would make them CEO and CFO, respectively, of Adecco.[32] Adecco attempted to de-list DIS but was blocked in court by a number of hedge funds, including Elliott. The funds also raised concerns about conflict of interest by the CEO and CFO. Eventually Adecco offered €113 per share, which was accepted.[31]

Consistently turned Bennett down for gigs that likely fake openings serving to discredit Bennett's reputation. They have my resume.  

Novell[edit]

In March 2010, Elliott bid $5.75 per share for software company Novell. Although Novell rejected the offer, Elliott "welcomed" the decision to sell the company.[33]

Vinashin[edit]

In December 2011, it was reported that Elliott was suing the Vietnamese shipbuilding firm Vinashin in a British court. The company had defaulted a year earlier on a $600 million loan backed by the Vietnamese government, then offered to pay bondholders 35 cents on the dollar. Elliott sued for the full amount.[34] In April 2012 Elliott dropped the case.[35]

Compuware 

It was reported in December 2012 that Elliott, which already had an 8% stake in Compuware, had offered to buy the company for $11 a share in cash.[36]

Hess[edit]

In late 2012, Elliott criticized the oil company Hess for its use of capital and for being "distracted" from oil exploration and production by other activities. In January 2013, Elliott called on Hess to sell certain assets and asked Hess investors to vote for five new directors as part of an effort to reconfigure the oil firm and thus boost its share price.[37] "Buried within Hess Corp. is one of the premier U.S. resource play-focused companies," Elliott wrote.[38]
In March, Hess announced that it was acting on some of Elliott's suggestions, but Elliott said that Hess's changes fell far short of what was needed.[39] In April, it was reported that Hess would close its London office on Elliott's advice.[40] Hess has been a "top pick" for Elliott since 2013.[41] As of the fourth quarter of 2014, Elliott owned 17.8 million shares of Hess, worth $1.3 billion, making it Elliott's largest holding.[4]

Sanko Steamship[edit]

In late 2013 Elliot took control of the bankrupt Japanese shipowner Sanko and proceeded to close the majority of the overseas offices of that Company. Elliot eventually asset stripped the Company's overseas properties and any equity left in the Companies vessels.[42] On April 1st 2012 Sanko had either managed or owned a fleet of 185 ships, which included 46 tankers and 27 dry bulk carriers.[43] By early 2019 this had been reduced to just 5 bulk carriers.[44]

Interpublic Group[edit]

In summer 2014, Elliott disclosed a 6.7% stake in Interpublic Group of Companies, an ad agency holding company, and "a person briefed on the matter said Elliott planned to call on the company to sell itself to one of its competitors".[45]

Sigfox[edit]

Elliott is one of several firms that, according to a February 2015 report, have invested in the Sigfox cellular network, which serves France, Spain, the UK, and the Netherlands.[46]

Solar projects in UK[edit]

In February 2015, the Telegraph reported that Elliot Management's UK arm, Elliott Advisors (UK) Limited, had put money into half a dozen unnamed solar-power projects in that country, and that it had "hedged its bets by taking out short positions in five other renewable energy funds listed on the London stock market."[47]

Comcast[edit]

In September 2015, Elliott purchased a 1,940,642-share stake in Comcast, a Philadelphia-based mass media company, for an average price of $58.68 a share. This transaction had a 1.65% impact on Elliott's portfolio.[48][49]

CDK Global LLC[edit]

Elliott acquired a 4% stake in CDK Global in May 2015.[50] As of September 2016, it was holding a 5.4% stake in the company and is the third-largest shareholder.[51]
On May 4, 2016, Elliott sent a letter to CDK Board of Directors outlining steps they felt were required in order to meet projected ROI and margins. Quoting "a plan for CDK to optimize its business operations and drive a meaningful improvement in shareholder value."[52]
On June 8, 2016, Elliott sent a letter to CDK Board of Directors advising that "CDK adopt the steps in the Value-Maximizing Plan without delay" due to share-holder support of the plan in the May 4th letter.[53]

Telecom Italia[edit]

In May 2018, Elliott Management won a battle for control of Telecom Italia, controlling two-thirds of Telecom Italia's board seats.[54]

Samsung[edit]

In the summer of 2015, Elliott, then a major investor in Samsung's construction division, opposed efforts by acting Samsung head Jay Lee who sought to have one part of the firm purchase the construction unit for $8 billion. Despite Elliott's opposition, the merger went through and Elliott sold its shares. Two years later, Lee was convicted of bribery and imprisoned after it was shown he had bribed a friend of South Korea's president to secure the merger.[55]

Cabela's[edit]

In October 2015, Elliott disclosed an 11.1 percent stake in Cabela’s, an outdoor recreation and clothing retailer, reporting that it is seeking to engage the company's board to discuss strategies and a potential sale of the company.[56][57]

PulteGroup[edit]

In July 2016, Elliott persuaded the PulteGroup, a home builder in which it owns 4.7%, to add three new board members, cut investments in new land, and buy back shares.[58]

Alcoa[edit]

After buying a stake in Alcoa (now Arconic) that earned it three board seats, Elliott forced a restructuring, after which Elliott was able to sell its stake at a 104% profit.[59]

athenahealth[edit]

In 2017-2018, under pressure from Elliott, athenahealth undertook substantial cost-cutting measures, and co-founder Jonathan S. Bush resigned.[60]

AT&T[edit]

In September 2019, Elliott Management published their activist letter addressed to the AT&T Board of Directors, asserting what Elliott called "a compelling value-creation opportunity" at AT&T. Elliott stated it had accumulated $3.2 billion of AT&T stock (1.2% equity interest).[61]

JW Marriott Desert Ridge Resort & Spa[edit]

In September 2019. a joint venture among funds managed by Trinity Real Estate Investments LLC and funds managed by Elliott Management Corporation today announced the acquisition of the JW Marriott Desert Ridge Resort & Spa, the largest resort in Phoenix.[62][63]

Energy Future Holdings[edit]

As of August 2017, Elliott owned enough of Energy Future Holdings's debt to block a Berkshire Hathaway takeover bid, which had made an offer the previous month to salvage the heavily indebted firm.[64]

Mentor Graphics Corp.[edit]

Elliott bought 9% of Mentor Graphics Corp. in 2017, then pushed for a takeover by Siemens. Elliott earned a 68% profit.[59]

NXP Semiconductors NV[edit]

In November 2017, Elliott and UBS Group AG collaborated in an effort to bring up the purchase price of NXP Semiconductors NV, which Qualcomm was seeking to buy.[65]

Oncor Electric Delivery[edit]

In August 2017, Elliott, which held $1.8 billion in debt related to Oncor Electric Delivery, a Texas transmission and distribution electric utility, sought to block Berkshire Hathaway's bid to acquire Oncor.[66]

Akzo Nobel[edit]

In August 2017, Akzo Nobel, a Dutch paint and chemicals company, said it had ended a dispute with Elliott. PPG Industries, an American rival, had sought to take over Akzo Nobel, Elliott had urged talks between the two and eventually took legal action as part of an effort to replace Akzo Nobel’s chairman, Antony Burgmans. During the conflict, Elliott became Akzo Nobel’s top shareholder, with a stake of about 9%.[67]

Waterstones[edit]

In April 2018, Elliott bought a majority stake in Waterstones, leaving Alexander Mamut's Lynwood Investments with a minority holding.[68] The sale completed in May 2018. James Daunt will remain as chief executive.[69]

A.C. Milan[edit]

In July 2018, Elliott Management was confirmed as the official proprietor of Italian football club AC Milan with 99.93% of the stakes of the club, after erstwhile owner Li Yonghong defaulted on his €415M debt to Elliott. Elliott immediately started dismissing board members at Rossoneri Sport Investment Lux, which is the company that controls AC Milan. On 10 July 2018, Paul Singer declared in an official statement to implant €50M of equity capital to stabilize the finances within the club.[70]

Barnes & Noble[edit]

On June 7, 2019, Elliott Management announced it would acquire Barnes & Noble for around $683 million.[71] On August 7, 2019, Elliott Management completed the acquisition of the company.[72]

Time Equities[edit]

Since 2010, Elliott Management has expanded into investing in distressed real estate. It has been active in Japanese and German real estate and in 2015 viewed Spain and Italy as offering attractive investment opportunities.[18] Now, according to the New York Times, it has "teams of analysts and portfolio managers in London, Hong Kong and Tokyo and investments worth more $2 billion." In the U.S., it "has focused on filling in the gap where banks have had to rein in their lending by participating in direct financing with developers."[73]
In 2013, Elliott Management teamed up with Time Equities on a 63-story commercial and real estate project in New York, and took an ownership stake in Silverpeak Real Estate Finance, a commercial real estate lender.[73]
The New York Times reported in May 2014 that Elliott Management was financing the development of 5 Beekman Street, a 130 year-old building at the site of one of Manhattan’s first skyscrapers, into a 287 room hotel and 46-story condominium called the Beekman. The project would be carried out by GFI Capital Resources, a New York real estate company.[73]

Sovereign debt[edit]

A portion of Elliott's distressed securities trading has been in sovereign debt.[74]
After Argentina defaulted on its sovereign debt in 2002, Elliott, which owned Argentinian bonds with a nominal face value of $630 million now worth $2.3 billion, refused to accept Argentina's offer of less than 30 cents on the dollar. Elliott won judgments against Argentina in U.S. and U.K. courts but did not collect payment. In October 2012, an Elliott subsidiary, NML Capital, arranged for the seizure in Ghana of the ARA Libertad, an Argentinian naval vessel, which it intended to confiscate in accordance with court judgments awarding it over $1.6 billion in Argentinian assets.[75] A November 2012 New York trial, which ended in a ruling for NML and against Argentina; legal experts called it the "sovereign debt trial of the century." In a letter published in the Financial Times, legal experts Andreas F. Lowenfeld and Peter S. Smedresman defended NML's position.[76]
Elliott exposed corruption in the Republic of the Congo in its efforts to enforce judgments totaling more than $100 million in defaulted bank debt.[77][78] In 2008, Elliott bought $32.6 million in loan debt incurred by Congo. In 2002 and 2003, a British court awarded Elliott more than $100 million for these debts. During the case, US President George W Bush used a constitutional clause preventing seizure of Congolese assets in the United States by the hedge fund.[79] Brice Mackosso, a campaigner for greater transparency and against corruption in the Congo Republic's government, stated that if it were not for funds like Elliott, "we would not know any facts about the way our country’s wealth is being taken away."[74] After Elliott's investigations produced evidence of corruption, the government settled for an estimated $90 million on debt for which Elliott paid less than $20 million.[11]
In 1995, Elliott bought $20 million face value of defaulted Peruvian bank debt. After extensive litigation and numerous attempts by Elliott to settle, the court awarded the hedge fund $58 million, including past due interest.[80]
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Accenture Emails (2019)

Accenture Emails (2019)

This is a temporary list drawn from their site on September 26, 2019
aleks.vujanic@accenture.com
alexander.aizenberg@accenture.com
alexandra.annable@accenture.com
allen.valahu@accenture.com
anthony.hatter@accenture.com
cameria.l.granstra@accenture.com
christian.harper@accenture.com
christina.mcdonald@accenture.com
danielle.i.davis@accenture.com
david.labar@accenture.com
deirdre.m.blackwood@accenture.com
ed.trapasso@accenture.com
elzio.barreto@accenture.com
guy.cantwell@accenture.com
hannah.m.unkefer@accenture.com
james.j.tumminello@accenture.com
jennifer.francis@accenture.com
jens.derksen@accenture.com
joe.x.doyle@accenture.com
joseph.r.dickie@accenture.com
julie.l.bennink@accenture.com
kathryn.rosati@accenture.com
kelly.coffed@accenture.com
lara.wozniak@accenture.com
lucy.d.davies@accenture.com
m.mcginn@accenture.com
margaret.d.nolan@accenture.com
maryjane.o.norris@accenturefederal.com
matthew.corser@accenture.com
melissa.curtis@accenture.com
melissa.volin@accenture.com
molly.mcdonagh@accenture.com
mylissa.tsai@accenture.com
natalie.de.freitas@accenture.com
peter.y.soh@accenture.com
pooneh.fooladi@accenture.com
quentin.nolibois@accenture.com
sean.k.conway@accenture.com
shana.kleinfeldt@accenture.com
stacey.jones@accenture.com
tara.burns@accenture.com
youssef.zauaghi@accenture.com

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The Political Deaths of the Strack Family

Pete Bennett asked this group of politicians repeatedly for help with Contra Costa Law Enforcement as back as the mid 2000s. Nothing works while Bennett was arrested, attacked and nearly beaten to death several times they were stoic to the bitter end.

ACCEPT BLAME AND CULPABILITY



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The Very Trustworthy Competitor and the Homeless Programmer 

The story of the grass roots activists (Pete and Mike) and how the dubious deaths near them


Larry Ellison Biography

Entrepreneur, CEO (1944–)
UPDATED:
ORIGINAL:
Larry Ellison is the founder and CEO of Oracle Corporation, which earned him a spot as fifth wealthiest person in the world in 2014.

Background and Early Career

Larry Ellison was born in the Bronx, New York, on August 17, 1944, to single mother Florence Spellman. When he was nine months old, Ellison came down with pneumonia, and his mother sent him to Chicago to be raised by her aunt and uncle, Lillian and Louis Ellison, who adopted the baby.
After high school, Ellison enrolled at the University of Illinois, Champaign (1962), where he was named science student of the year. During his second year, his adopted mother died, and Ellison dropped out of college. The following fall, he enrolled at the University of Chicago, but he dropped out after only one semester.
Ellison then packed his bags for Berkeley, California, with little money, and for the next decade he moved from job to job at such places as Wells Fargo and Amdahl Corporation. Between college and his various jobs, Ellison had picked up basic computer skills, and he was finally able to put them to use as a programmer at Amdahl, where he worked on the first IBM-compatible mainframe system.
In 1977, Ellison and two of his Amdahl colleagues founded Software Development Labs and soon had a contract to build a database-management system—which they called Oracle—for the CIA. The company had fewer than 10 employees and revenue of less than $1 million per year, but in 1981, IBM signed on to use Oracle, and the company’s sales doubled every year for the next seven years. Ellison soon renamed the company after its best-selling product.

Oracle Corporation

In 1986, Oracle Corporation held its IPO (initial public offering), but some accounting issues helped wipe out the majority of the company’s market capitalization and Oracle teetered on the brink of bankruptcy. After a management shakeup and a product-cycle refresh, however, Oracle’s new products took the industry by storm, and by 1992 the company was the leader in the database-management realm.
Success continued, and as Ellison was Oracle’s largest shareholder, he became one of the wealthiest people in the world. Ellison set his sights on growth through acquisitions, and over the next several years he gobbled up several companies, including PeopleSoft, Siebel Systems and Sun Microsystems, all of which helped Oracle reach a market cap of roughly $185 billion with some 130,000 employees by 2014.

America's Cup

When he’s not busy bolstering his software empire, Ellison races yachts (his yacht Rising Sun is over 450 feet long—one of the largest privately owned vessels in the world), and in 2010 he joined the BMW Oracle racing team and won the prestigious America’s Cup. The victory brought the cup to the United States for the first time in 15 years, a win the team repeated in 2013.

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Energy Transportation Systems Inc v. Southern Pacific and Santa Fe Railway

Background Documents ETSI

 
ENERGY TRANSPORTATION SYSTEMS INC.
DELAWARE CORPORATION
WRITE REVIEW
Address:  Corporation Trust Center 1209 Orange St
Wilmington, DE 19801
Registered Agent:  The Corporation Trust Company
Filing Date:  July 26, 1973
File Number:  793416
Contact Us About The Company Profile For Energy Transportation Systems Inc.
ENERGY TRANSPORTATION SYSTEMS INC.
KANSAS FOREIGN FOR-PROFIT
WRITE REVIEW
Address:  100 West Tenth Street
Wilmington, DE 19899
Registered Agent:  The Corporation Company
Filing Date:  May 07, 1974
File Number:  7082167
Contact Us About The Company Profile For Energy Transportation Systems Inc.


ENERGY TRANSPORTATION SYSTEMS, INC.
LOUISIANA BUSINESS CORPORATION (NON-)
WRITE REVIEW
Address:  50 Beale St.
San Francisco, CA 94105
Registered Agent:  C T Corporation System
Filing Date:  February 24, 1978
File Number:  32123770F
Contact Us About The Company Profile For Energy Transportation Systems, Inc.
ENERGY TRANSPORTATION SYSTEMS INC.
OKLAHOMA FOREIGN FOR-PROFIT BUSINESS CORPORATION
WRITE REVIEW
Address:  735 1st Natl Bldg
Okc, OK 73102
Registered Agent:  The Corporation Company
Filing Date:  May 07, 1974
File Number:  2300271638
Contact Us About The Company Profile For Energy Transportation Systems Inc.
ENERGY TRANSPORTATION SYSTEMS INC.
SOUTH DAKOTA FOREIGN BUSINESS
WRITE REVIEW
Address:  319 S. Coteau Street
Pierre, SD 57501-3108
Registered Agent:  C T Corporation System
Filing Date:  November 02, 1973
File Number:  FB004508
Contact Us About The Company Profile For Energy Transportation Systems Inc.
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