Blog Posts by Daniel Gross

  • The U.S. Supreme Court will take up an appeal that could give rural voters more clout, agreeing to decide a long-simmering question about the rules governing state efforts to equalize the size of their voting districts.

    The justices will hear an appeal from two voters who say Texas unconstitutionally allocated its state Senate seats on the basis of total population, rather than on the number of eligible voters.

    The distinction matters because cities and suburbs often have higher percentages of children and non-citizens than rural areas. A ruling backing the two Texas voters might shift legislative seats away from areas with large Hispanic populations.

    More from Bloomberg.com: California Dreaming: Record $500 Million Tag on L.A. Home

    The issue is an offshoot of the court’s landmark 1964 Reynolds v. Sims ruling, which established the “one person, one vote” principle and required state and local voting districts to have roughly equal population.

    The Supreme Court has never followed up by

    Read More »from City-Rural Redistricting Clash Gets U.S. Supreme Court Hearing
  • It was an invitation too good to resist.

    Matthew McCarthy was asked by KKR & Co. to fly to New York from Ohio, where he manages money for the founders of a consumer-products company. First he had dinner with KKR’s billionaire co-founder Henry Kravis. The next morning, he met David Petraeus, the former director of the Central Intelligence Agency and current chairman of the KKR Global Institute at the company’s headquarters.

    “They didn’t really pitch products,” said McCarthy, 43, whose firm Rockside Capital Partners intentionally stays under the radar. “They brought out General Petraeus.”

    More from Bloomberg.com: When Predicting China Stocks There’s Only Wrong and Very Wrong

    McCarthy is the type of investor that KKR and its private equity competitors including Blackstone Group LP and Carlyle Group LP are increasingly courting. Family offices and their advisers manage an estimated $4 trillion , including for the newly rich in Silicon Valley and China, Midwestern entrepreneurs and old

    Read More »from KKR Rolls Out Petraeus in $4 Trillion Hunt for Family Wealth
  • NIRI-New York Chapter to Hold IR Leadership Program on May 28 Featuring Former Xerox CEO Anne Mulcahy

    Program Includes Sessions with Ben Boyd of Edelman and Professor Thomas Donaldson of Wharton School

    NEW YORK--(BUSINESS WIRE)--

    The New York Chapter of the National Investor Relations Institute (NIRI-NY) announced today that on Thursday, May 28 the chapter will hold a half-day event on “IR Leadership: Mastering Trust, Integrity & Credibility.” The program, which will be hosted by Credit Suisse at its offices at 11 Madison Avenue in New York City, will address how credibility and ethical challenges intersect with the role of the investor relations officer (IRO).

    The half-day program will feature an interview with Anne M. Mulcahy, former Xerox CEO, board member of Johnson & Johnson and Target Corporation, and one of America’s most respected corporate leaders. Ms. Mulcahy will share personal strategies that guided her through her extraordinary career, including fostering organizational loyalty and achieving outstanding performance with integrity. The discussion will be led by Mary

    Read More »from NIRI-New York Chapter to Hold IR Leadership Program on May 28 Featuring Former Xerox CEO Anne Mulcahy
    Contact:
    Bernie Kilkelly
    Managing Director, Darrow Associates
    VP-Communications, NIRI-NY Chapter
    516-236-7007
    bkilkellyir@gmail.com
  • Charter deal seeks to keep cable consolidation on track

    After Comcast setback, Charter seeks to keep consolidation rolling in cable-TV industry

    Charter Communications Inc. is said to be nearing a deal to buy Time Warner Cable Inc. for $55 billion. It would be the latest in a series of deals that have reshaped the cable-TV industry.

    Q: WHAT IS DRIVING THE DEALS IN THE CABLE INDUSTRY?

    A: Cable companies are bulking up to survive as the number of cable and satellite TV subscribers slips — more consumers are "cutting the cord" — and competition from streaming video rises, thanks to rivals such as Netflix Inc. They also must fight TV channels over the cost of programming.

    Q: WHAT HAS ALREADY CHANGED?

    A: Verizon's FiOS is trying smaller, customizable TV bundles. HBO has launched an online version of its content, HBO Now, that doesn't require a cable TV subscription.

    Q. WILL CHARTER SUCCEED WHERE COMCAST FAILED?

    A. Consumer advocates fiercely opposed Comcast Corp.'s $45 billion takeover bid for Time Warner

    Read More »from Charter deal seeks to keep cable consolidation on track
  • Media CEOs are the highest-paid American executives

    Media industry CEOs are the highest-paid executives, annual study shows

    NEW YORK (AP) -- They're not Hollywood stars, they're not TV personalities and they don't play in a rock band, but their pay packages are in the same league.

    Six of the 10 highest-paid CEOs last year worked in the media industry, according to a study carried out by executive compensation data firm Equilar and The Associated Press.

    The best-paid chief executive of a large American company was David Zaslav, head of Discovery Communications, the pay-TV channel operator that is home to "Shark Week." His total compensation more than quadrupled to $156.1 million in 2014 after he extended his contract.

    Les Moonves, of CBS, held on to second place in the rankings, despite a drop in pay from a year earlier. His pay package totaled $54.4 million.

    The remaining four CEOs, from entertainment giants Viacom, Walt Disney, Comcast and Time Warner, have ranked among the nation's highest-paid executives for at

    Read More »from Media CEOs are the highest-paid American executives
  • FORT COLLINS, Colo., May 26, 2015 /PRNewswire/ -- The Next Big Thing is now with the newest innovation from Samsung. GALAXY S6 edge boasts a dual-edge display to keep notifications just a touch away. OtterBox offers cutting-edge protection for GALAXY S6 edge with the sleek precision of Symmetry Series or barely there feel of Clearly Protected 360 device wraps, available now.1

    OtterBox Symmetry Series for GALAXY S6 edge, available now on otterbox.com.

    "Samsung GALAXY S6 edge is a leading innovation in smartphone design," said OtterBox President and CEO Pete Lindgren. "We challenged our engineers to create a case that not only protects the device, but still allows the unique features of the phone to shine through. Symmetry Series is thin and light in your hand, allows you to access the edges and gives you the confidence to get the most out of your GALAXY S6 edge."

    Symmetry Series covers GALAXY S6 edge with sleek protection and style. The dual-material construction and beveled edge keep the sloped screen safe from drops, and its single-piece design makes the

    Read More »from Cutting-Edge Protection: OtterBox Makes the Case for GALAXY S6 edge
  • Dr. John Spengler to Receive ASHRAE'S 2015 Environmental Health Award

    NEEDHAM, Mass., May 26, 2015 /PRNewswire/ -- Dr. John D. Spengler, co-founder and Principal of Environmental Health & Engineering (EH&E), a leading provider of environmental and engineering consulting services, and Director of the Center for Health and the Global Environment, and Professor of Environmental Health at the Harvard T.H. Chan School of Public Health, will receive the 2015 Environmental Health Award from the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE).

    Dr. Spengler, was selected for the award to recognize his excellence in volunteer service focused on environmental health issues.

    Dr. Spengler is one of the foremost ambient and indoor air experts in the country, with more than 30 years of experience in developing and managing large-scale, multidisciplinary studies to assess human exposures to environmental pollutants. He has developed innovative sampling and analysis methods, large-scale personal monitoring studies, and receptor modeling

    Read More »from Dr. John Spengler to Receive ASHRAE'S 2015 Environmental Health Award
  • Empire Life Launches CITS e-Application Notification Feeds

    KINGSTON, ONTARIO--(Marketwired - May 26, 2015) - The Empire Life Insurance Company (Empire Life) has launched e-Application data feeds for life insurance applications placed through the Fast & Full™ Life Application Process. This will make settling Fast & Full business even faster for Managing General Agents (MGAs) using data management system providers enabled to receive these feeds.

    Empire Life received Canadian Life Insurance EDI Standards (CLIEDIS) approval for their CITS e-Application data feed process. The Fast & Full e-Application data feed provides notifications of life insurance applications submitted using the Empire Life Fast & Full™ Life Application Process, an online life insurance application process that offers an electronic health questionnaire. These notifications will include a PDF image of the application as part of the feed - the only life insurance company in Canada whose notification provides this added feature.

    "We recognize

    Read More »from Empire Life Launches CITS e-Application Notification Feeds
    Contact:
    Mike Stocks
    Vice President, Insurance Marketing
    mike.stocks@empire.ca
    www.empire.ca

  • Every $1 invested produces $4 return to society

    TORONTO, May 26, 2015 /CNW/ - Every $1 invested into Habitat for Humanity Canada's domestic homeownership program initiates $4 worth of benefit to society, which equated to $39 million in 2014, according to a new social return on investment study released today by The Boston Consulting Group (BCG).

    "We are constantly hearing from the families we serve about the significant impact that Habitat homeownership has had on their lives and we wanted to quantify this in terms of its benefit to broader society," said Mark Rodgers, President and CEO, Habitat for Humanity Canada. "This study proves that Habitat for Humanity is a leader in creating transformational change for families and that our program is a wise investment of donor dollars."

    The study found that Habitat homeownership generates a societal return of $175,000 per family served. The total benefit of $175,000 per family is calculated over two generations and is based on incremental

    Read More »from Study Reveals Habitat for Humanity Initiated $39 Million in Social Benefit Through Canadian Housing Program in 2014
  • MELBOURNE, Australia, May 26, 2015 /PRNewswire/ -- Render Networks is pleased to announce that it has been selected by TE Connectivity Broadband Networks Solutions to become its global FTTx Design and Project Management software solutions partner to support TE's global turnkey solutions business.

    Keith Sheridan, Global Head of Solutions Sales and Delivery for TE Connectivity, based in Singapore, carried out an extensive global search for innovative solutions to help better serve their Customers looking to build new networks. "TE Connectivity has a rich history of innovation. The 'Plan to Construct' solution from Render Networks brings real innovation to our turnkey delivery of broadband networks. This solution will result in high quality networks, delivered to market faster and at less cost to our Customers. We are very excited by this new approach to designing and building networks".

    Render Networks "Plan to Construct" is a breakthrough design and construction project management

    Read More »from Render Networks And TE Connectivity Join Forces to Drive Dramatic Efficiency Improvements in Fibre Network Design and Rollout Services

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