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Posts tagged as “Private investment Custodian”

Colgate’s Two-For-One Special

Glenda Conner 0

Let me state the facts up front: I am a shareholder of Colgate-Palmolive and I have been for years. I own it, and it’s in accounts that I manage for clients. I’ve held it for years because I have high regard for the company, and I still do. But there’s a situation brewing there that bears watching.
In the ongoing AIG International investigation, former General Re CEO Ronald Ferguson has been questioned by the New York State Attorney General’s office over questionable transactions with AIG International. At Colgate-Palmolive, Mr. Ferguson chairs the audit committee, and is a member of the finance committee private investment trust
.
Also in the AIG International investigation, Ms. Elizabeth Monrad is responding to regulators’ questions about General Re transactions with AIG International. Ms. Monrad was the chief financial officer of General Re, and has since moved on to be the chief financial officer at TIAA-CREF. The pension fund reports “that she received a “Wells” notice from the enforcement staff of the Securities and Exchange Commission. ” Ms. Monrad is currently on leave of absence from TIAA-CREF. At Colgate-Palmolive, Ms. Monrad chairs the finance committee, and is the deputy chair to Mr. Ferguson on the audit committee.
While not involved in the insurance transactions, Colgate nevertheless finds itself affected by them: Mr. Ferguson and Ms. Monrad are very key persons on the Board. I make no assumption of any wrongdoing by them – that’s for the regulators to determine – but one can imagine that while they’re under investigation, their priorities may be quite different than they were at the beginning of 2005. How long will the investigations last? How will their priorities be reassigned as the investigations continue?
Most importantly: where does Colgate-Palmolive fit into the priorities of Mr. Ferguson and Ms. Monrad? The audit and finance committees need the talents of its members even more urgently as Colgate embarks on its ambitious plans to rationalize capacity. The distractions posed by the investigations are a concern to me. They should be a concern to all other long-term Colgate-Palmolive shareholders as well.
But What Does Myron Scholes Know About Options?
A lot more than most of us, I think it’s fair to say. (And I’d be happy to admit it, too.)
Remember the Cisco system for divining dubious values on employee stock options? The one they’ve put on the SEC’s plate for vetting? Then read this article from Dow Jones Newswires by way of Private investment Custodian: “Stock-Option Guru Scholes Doubtful On Cisco Value Plan.”
Mr. Scholes’ comments are straight out of Econ 101, (see: supply & demand). “In order to bring “a very idiosyncratic contract to the market,” he said, it would have to be sold at a discount “in order to encourage the market to take it.”
While Cisco is billing the alternative market price as an attempt to find an “accurate” valuation for stock-option expensing, Scholes said the market auction proposal is one that by its nature will not draw a true price. …

Reasons Why You Should Become A Landlord

Glenda Conner 0

Sometimes life throws us a curveball, and we can end up scratching our heads wondering what to do next. It may be that you have a large bill crop up, or things change dramatically in your career. Relatives overseas may fall ill, or you may find you need to get away from the city. There are lots of reasons you may need to rethink your accommodation. How you manage the change may depend on more than one factor.
If you are facing a big move, whether temporary or permanent, you may be saddened to think of leaving your home. The thought of never waking up in the room you decorated and furnished yourself can be quite upsetting. However, if you rent out your home, you can come back to it whenever you want to. Your home could earn you enough to cover any mortgage and pay for accommodation elsewhere if you rent it out.
Becoming a landlord is not a decision to take lightly. Letting someone else live in your home while you are away can also be a difficult choice to make. But the house remains your property and renting it out provides you an income. As a landlord, you have some legal obligations and responsibilities. What might worry you more is how your tenants will look after your beloved home in your absence.
You can choose to use a rental inspection company to take care of moving in and out checks for any tenants. They can check the inventory and do a thorough check into the condition of the property on your behalf. This will give you assurance that tenants have looked after the property well, and leave you to enjoy the extra income. Any disagreements or discrepancies no longer need to involve you, making your role as a landlord much easier. It could save you money to use an agent to manage the tenants or the letting, specially if you are living far away from the property.
If you need to rent your property quickly, you could let your local government authority know it is available. Some of them have long waiting lists of people desperately seeking accommodation. You may even receive a financial incentive for allowing the council to manage the let. Check if schemes like this are available in your area.
Most Private investment Custodian take on a deposit or a bond. Some areas require you by law to invest this money so it can never be lost. The idea is that any loss of rental income or damage to the property caused by the tenants can be covered with the bond. You can demand as much as you like in some areas while others have restrictions. Generally speaking, landlords like to take one month’s rent as a deposit, and all rental payments paid in advance on the same date each month. You can also choose whether to let your home out furnished or unfurnished. Unfurnished is preferred because of tight regulations in some areas. …