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“If misrepresentations were made, they would confirm yet again that Yahoo! is in dire need of a complete corporate governance overhaul,” Loeb said in the letter.
A Yahoo spokesman said the allegations pointed out by Third Point are indeed true. It affirmed that Thompson received a Bachelor of Science degree in business administration with a major in accounting.
The Silicon Valley giant called the mistake an “inadvertent error,” but said it doesn't change the fact that Thompson is highly-qualified for the job and has a successful track record of leading large consumer technology companies.
Thompson is a long-time veteran of the technology industry. Before replacing former Yahoo CEO Carol Bartz last year, he was president of eBay’s (NASDAQ:EBAY) PayPal business, a position he acquired after serving as PayPal’s senior vice president and chief technology officer.
Prior to PayPal, Thompson served as executive vice president of technology solutions at Visa’s (NYSE:V) Inovant subsidiary, where he was responsible for developing and overseeing the payment giant’s global payment system. He also worked as chief information officer of Barclays Global Investors.
Loeb has long lashed out against the Yahoo board, even trying to appoint himself and three other candidates to the Yahoo board earlier this year. In March, Yahoo appointed three new directors, none of whom were Loeb’s picks, and said it offered to propose Harry Wilson, one of Third Point’s nominees, and a second person...
However, Loeb said he was disappointed by the board’s decision and said he would continue to refuse the offer unless he personally was appointed, according to a statement released in March by Yahoo.
Loeb has since created a web site called ValueYahoo.com that draws attention to what he finds are faults with Yahoo’s management structure. The site posted a host of questions following Yahoo’s first-quarter earnings asking for answers about the company’s financial targets and overhaul plan.
The Sunnyvale, Calif.-based company last month reported a better-than-expected 28% increase in quarterly earnings on essentially flat revenue.
Third Point also questions in Thursday’s letter the academic credentials of Patti Hart, a director who chairs Yahoo’s search committee. According to corporate filings, Hart holds a Bachelor’s degree in marketing and economics from Illinois State University. However, Loeb says she actually only earned a degree in busine...
Yahoo confirmed Thursday that Hart holds the Bachelor of Science degree in business administration and has concentrations in marketing and economics.
Chinese shares surged to a nine-month high on Wednesday bolstered by hopes of more stimulus measures from Beijing, but the rally failed to fuel broader gains in global markets as investors waited for fresh central bank cues.
Benchmark indexes in China rose 1-2 per cent after China’s state planner said the government would implement measures to further boost domestic consumption to counter the impact of a slowing economy.
Taking into account Wednesday’s gains, Shanghai Composite Index has now gained a quarter so far this year but is still down more than 13 per cent from January 2018 as fears of a wider slowdown in the economy have dogged sentiment.
“China is outperforming today because of the stimulus plans and that is a localised phenomenon as other global markets are focused on central bank decisions and major economic data," said Ricardo Evangelista, a senior analyst at ActivTrades in London.
Fresh signs of dovishness from major central banks as China is moving to boost its economy and the U.S. Federal Reserve is signalling a pause in its rate hike cycle would boost equities and high-yielding debt, at a time when broader economic data has shown signs of flagging.
It’s illuminating what you find when you clear out your desk. In making a move here at the Journal Star, I’ve switched desks–moving a whole six feet from my previous station.
Nevertheless, in going through the piles of stuff that we all save around here, you find some treasures.
Where do I start? With the 2002 policy manual or the lineup of programs for Money Smart Week in 2008?
I told you there were treasures. Along with the clippings, there’s a packet of almond and cranberry instant oatmeal (undated), a party hat, a copy of “Alternative Comics” by Charles Hatfield and a gift bag (empty).
There’s also a brand new Journal Star carrier bag (just in case things get tough), a recent copy of Illinois Soybean Review and loads of story ideas (those I keep with the express hope of one day turning them into articles).
All in all, moving the content of one’s desk is a humbling experience. You find out how much you haven’t done, how disorganized you are and how many people you’ve forgotten that you shouldn’t have.
So here’s the new approach: I promise to do better and if I’m not sure, I’m not saving it. Let’s see how long that lasts.
Instead of this little gem, maybe you could have written about something a little more important, like, oh, I don’t know…CAT moving out of the state!
get off Steve’s back. he rocks!!!!!
its just a ploy to lower taxes by cat. settle down fish face.
To make a statement about the racial profiling that many believe led to Florida teen Trayvon Martin's shooting death, a group of Howard University School of Law students created a video in which they ask, "Do I look suspicious?"
The project brings into question the way George Zimmerman characterized Martin before he killed him and also provides a poignant take on the experience of African-American men who find that they can't shake cultural biases despite their accomplishments.
Read more at My Fox 9.
At issue is how to capture carbon that escapes into the atmosphere as coal is burned for electric power. The research of principal investigator Kunlei Liu uses a chemical solvent in power plant scrubbers to capture carbon so it can be used elsewhere. This would allow power plants to use much smaller, more affordable sc...
CAER director Rodney Andrews said carbon-capture technology is crucial in sustaining coal as a viable energy source.
"The technology is feasible, but it is not yet ready for full-scale implementation," Andrews said. "That's why this project is so important."
Andrews said the U.S. Department of Energy's goal is to have technology available by 2020 that can achieve a 90 percent carbon-capture rate.
Liu said he thought the technology could become available in the next five to 10 years.
His work is of great interest beyond the coal states of Kentucky and West Virginia as developing nations turn to coal for cheaper electricity. At Monday's announcement, UK President Eli Capilouto recalled a trip to China he took in 2012. He said Liu and other researchers were treated like "rock stars" by Chinese resear...
Kentucky Gov. Steve Beshear said last week that the state will ask for flexibility in implementing the proposed rules on carbon emissions.
Bill Bissett, president of the Kentucky Coal Association, called Monday's funding announcement good news but said, "We remain concerned that the federal government continues to put regulations on our industry that are not possible to meet in the real world, thus creating a de facto ban on our product."
Kentucky gets about 92 percent of its electricity from coal. But the industry, predominantly in Eastern Kentucky, has lost more than 6,000 jobs in the past 18 months, driving coal employment to the lowest level since the state began keeping records in 1927.
Environmental groups have said the proposed EPA regulations will bolster carbon-capture research already underway at places like UK.
Kentucky Energy Secretary Len Peters also spoke at Monday's announcement and summed up the tightrope that energy policy makers face.
"How can we in fact make coal more environmentally friendly, and how can we make sure that it provides a reliable and affordable electricity?" Peters asked. "At the end of the day, we cannot separate the environment from our energy needs and our economy."
As Democrats go through their biennial rite of premature victory celebrations, they are inviting defeat again by obsessing on polls about how many congressional seats are “in play” rather than on explaining to the American people what a Republican victory on Nov. 7 would mean to the nation.
In the last three elections, George W. Bush has claimed mandates for his policies even when there were questions about the legitimacy of Republican victories. In Election 2000, Bush brushed aside the fact that he lost the popular vote to Al Gore and pressed ahead with a right-wing agenda.
The Republican congressional victories in Election 2002 convinced Bush that the voters were behind his plans for “preemptive” wars. He called Election 2004 his “accountability moment,” ratifying both his invasion of Iraq and his expansion of executive powers.
So, there should be little illusion how Bush would interpret a Republican upset victory on Nov. 7. It would be taken as a public embrace of his authoritarian vision for America’s future and as an endorsement of the neoconservative commitment to wage “World War III” against Islamic militants around the world.
If the GOP keeps control of Congress, Bush would be strongly tempted to double up on his bloody wager in Iraq with military attacks on Iran and Syria. That expanded war would guarantee reprisals by radicalized Muslims around the world and thus draw the United States into a virtually endless conflict.
At home, the consequences of indefinite war would be fatal, too, to the already wounded American democratic Republic. Bush would translate a GOP victory into public acceptance of his de facto elimination of key constitutional rights and his creation of an imperial presidency.
Though the major U.S. news outlets have paid scant attention – and the Democrats have mostly ducked the issue – Bush already has put in place the framework for a modern-day totalitarian state.
Operating under Bush’s assertion of “plenary” – or unlimited – presidential authority, his administration has devised a system of electronic eavesdropping that can pry into the private lives of Americans; has set up arrangements for detention camps; and has secured from Congress the power to detain American citizens fo...
Indeed, the new Military Commissions Act of 2006, enacted on Oct. 17, establishes what amounts to a parallel legal system under Bush’s control that permits the indefinite jailing of both citizens and non-citizens who are deemed enemies of the state.
The law specifically strips non-U.S. citizens of habeas corpus – the right to a fair trial – but American citizens caught up in Bush’s legal system also would be denied the right to challenge their incarceration, effectively eliminating their habeas corpus rights, too.
Under the new law, Bush could put “any person” into the military tribunal process for allegedly aiding America’s enemies and the detainee would be barred from filing any motions “whatsoever” to the civilian courts.
So, while the New York Times has assured Americans that they would still possess their habeas corpus rights, that amounts to semantics since the law’s court-stripping provision means that American citizens might technically possess their rights but couldn’t exercise them.
Though few Americans understand the full scope of the law’s provisions – or what “World War III” against many of the world’s one billion Muslims would entail – Bush would surely interpret a Republican congressional victory as a personal mandate to proceed in those directions.
If Republicans keep control of the House and Senate, the chances of the U.S. Supreme Court striking down the Military Commissions Act also would be reduced. The court, which rebuffed Bush’s earlier administrative version on a 5-4 vote, would weigh both the congressional approval and the voters’ acquiescence in judging ...
While the 5-4 majority critical of the tribunals might hold through a second round of judicial review, Election 2006 might influence the decision of some justices who are always more political than they acknowledge.
Bush’s assertion of unfettered presidential powers would stand even a better chance if one of the majority justices leaves the bench due to age or illness. Continued Republican control of the Senate probably would enable Bush to appoint a justice who would bend to Bush’s theory of his authority.
Already Bush holds the upper hand if a vacancy occurs among the five justices who struck down the earlier version of the tribunals. Given the right-wing makeup of the U.S. Court of Appeals in the District of Columbia, the new military commissions are likely to pass muster there (as they did in their earlier form).
Thus, an absolute majority of the U.S. Supreme Court would be needed for reversal, and the four pro-Bush justices – John Roberts, Samuel Alito, Antonin Scalia and Clarence Thomas – would be enough to save the law on a tie vote.
Considering everything that’s at stake, many Democrats appear to be devoting way too much energy to their anticipation of victory – and to an obsession with polls about which seats are “in play” – rather than in sealing the deal with the voters.
“I’ve moved from optimistic to giddy,” Gordon R. Fischer, a former chairman of the Iowa Democratic Party, told the New York Times.
“I know a lot of people are in somersault land,” said Rep. Rahm Emanuel, D-Ill., and chairman of the Democratic Congressional Campaign Committee, although he didn’t count himself among them.
Democrats also seem to be hoping for victory by default as Republicans sink under the weight of chaos in Iraq and corruption scandals on Capitol Hill.
Granted, some Democrats have issued cautionary warnings against over-confidence and many remember their premature celebrations in 2004 when the early exit polls showed Sen. John Kerry winning the White House. Opinion polls two weeks before an election mean even less, especially given the GOP’s reputation for hardball e...
But there is an ominous sense of déjà vu as Democrats let Republicans raise alarms on the Right about the dangers of a Democratic victory, while Democrats let up on their warnings to liberals, independents and even constitutional conservatives about what a Republican victory would foreshadow.
If the last two weeks of Campaign 2006 are dominated by news of Democrats buying confetti and icing champagne – rather than on Bush’s grim vision of endless war and elimination of constitutional rights – chances for a Republican comeback could grow exponentially.
Not only would Democrats and independents be less inspired to go to the polls but the Republican base could be galvanized by a desperate battle to protect President Bush. Already, right-wing radio stations, Web sites and TV commentators are hammering home the image of cocky Democrats high-fiving each other and making b...
Nothing motivates the American Right more than the chance of forcing Democrats to choke on their confetti and to gag on their champagne.
Luton youngster Luca Aciobanitei has completed an excellent first year of Brazilian jiu-jitsu.
The six-year-old from Stopsley trains with ICON BJJ in Luton, one of the biggest clubs in the UK, owned by Zé Marcello, a former world champion. After just six months of training, Luca started going to competitions and in his first event, the Icon Cup, took an excellent gold.
From then, he came first in the All Stars Manchester Open and UK Nationals this year, while he was second at the English Open and third in the Junior National tournament, while also named player of the year 2017 at ICON.
The youngster has plenty of people to thank for his success, including coach Marcello, plus Sami, Aaron Neil, Keiron Ragnar Boyce and Ellias G Moreira.
When artists Lorie Amick and LaDonna Vohar began planning a joint exhibition of their work at the Art Museum of Greater Lafayette, only one thing was for certain: It would not feature two-dimensional paintings.
The two are widely recognized as painters – both are established members of Artists’ Own, the downtown cooperative gallery where Amick’s luminous watercolor scenes are sold alongside Vohar’s achingly realistic portraits and brightly painted furniture.
Inspiration struck when the duo discovered that The Limited – the women’s clothing store at Tippecanoe Mall – was closing, and all their mannequins were for sale.
“We thought, ‘Okay! This is our show. We’re going to buy all these mannequins and transform them,’ ” Amick says.
The artists stuffed as many mannequins as they could into the back of Amick’s van, then went back for more. They ended up with about 20 – some made of fiberglass, and others made of foam and fabric. Some were full bodies, others were torsos, and still others were just feet – ostensibly for modeling socks.
The figures took over Amick’s three-car garage, as well as her chockablock studio up a flight of stairs. There, Amick and Vohar spent nearly two years sawing, chopping, drilling, filling, disassembling, deconstructing, reassembling, painting, sculpting – and transforming each mannequin into a distinct work of fine art.
The result is “The Un-limited Figure: Creating an Afterlife for Retail Mannequins,” which opens at the Art Museum of Greater Lafayette Dec. 14 and continues through March 3.
Through 28 sculptures that began as clothing store mannequins, the exhibition showcases the artists’ innovation and artistry as it also slyly observes the demise of retail institutions that once thrived in this town, and celebrates new life for old things.
Although some artworks were created by either Amick or Vohar, most of the pieces represent a wholehearted collaboration. Each contributed a complementary set of skills, talents and experiences to the project.
Amick, on the other hand, gets excited about engineering problems – and about solving them with power tools.
The pair trekked to Reynolds Advance Materials – a Chicago-area supplier of mold rubber and casting resins – for supplies, tips and ideas and ended up using their products on just about every artwork.
“Dixie,” an outdoor sculpture that conjures a crumbling archeological find, was one of the most difficult creations. Amick and Vohar carved a hollow fiberglass mannequin into six pieces, then had to figure out how to make them look like solid chunks of stone. Habitat Black, a hard-drying epoxy putty from Reynolds, did ...
Then they worked on reconnecting the pieces, planning to skewer them straight from head to toe on a single metal all-thread bar. But the human figure doesn’t follow that straight line, and instead of one long metal rod, they needed several shorter pieces, and spent days figuring out how to attach them.
“Grace,” another outdoor sculpture, looks like a bronze nymph. Amick and Vohar wrapped the mannequin in a fabric dress and then struggled for days to figure out how to make it all rigid and strong. Again, foam and resin from Reynolds in Chicago saved the day. And Vohar’s skill with paint gave the entire figure a gorgeo...
Not all of the artworks so closely resemble mannequin-sized humans. Some incorporate only pieces of the mannequins. “Gemini” is an ingenious cocktail table fashioned from two sets of mannequin legs. “Lucy” is a footstool made from – of course – sock-model feet.
A small sculpture by Vohar is built around just one foot – one that was cut off of the “Dixie” mannequin. (Amick used the other foot for her own small work.) It’s a foot wearing a strappy high-heel sandal that morphs into a fantastical dragon meticulously formed out of Magic Sculpt, a quick-drying resin.
When the exhibition opens next week, Amick and Vohar look forward taking a breather; they’ve been working nonstop on the project for months. But they won’t be completely finished for a while. They hope to tour the show to other venues after it closes in Lafayette in March. And when pieces sell, they’ll have to replenis...
If you go: "The Un-limited Figure: Creating an Afterlife for Retail Mannequins"
“The Un-limited Figure: Creating an Afterlife for Retail Mannequins” opens Dec. 14 at the Art Museum of Greater Lafayette, 102 S. 10th St., in Lafayette.
There will be an opening reception on Dec. 14 from 6 to 8 p.m.
Mirror photo by Shen Wu Tan Conemaugh Nason’s new cardiac catheterization lab, which is expected to open early 2019, will occupy the former occupational health space near the hospital front entrance.
A hospital in Roaring Spring anticipates opening a new cardiac catheterization lab in early 2019 to serve residents in the surrounding areas.
Conemaugh Nason Medical Center started the construction of the $3.1 million lab, located in the former Occupational Health space, earlier this month. Tim Harclerode, Conemaugh Nason CEO, said the lab expects to provide diagnostic and interventional catheterization services to several hundred patients once opened.
He added that, previously, a significant number of patients with acute heart episodes had to go to other facilities to receive care. Harclerode said this catheterization lab will be the closest lab to residents of Bedford and southern Blair counties.
“Time is muscle,” Harclerode said. “The faster you get to definitive care, the more likely you’re going to have a positive outcome.
Interventional cardiology services at the lab include catheterization for acute heart attack and heart disease and lower extremity vascular studies.
Medhat Zaher, a doctor at Cardiology Associates in Altoona, will be the lab’s medical director. The catheterization lab is expected to add 10 new jobs, including lab technicians and registered nurses.
Conemaugh Nason partners with Conemaugh Memorial in Johnstown if a patient does need open-heart surgery.

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