In two separate stories, the WSJ reported on two owners of the Sonix, our good friends Aubrey McClendon (here) and Tom Ward (here).
The McClendon story is nothing altogether shocking - shareholders of Chesapeake are furious about McClendon's pay package, which is quite reasonable considering the performance of the company's stock in the past six months.
The Ward story concerns SandRidge Energy's sale of more than 15 million shares, including 3 million belonging to Mr. Ward himself, at a discount. This comes on the heels of the compay's announcement of a $1.3 billion first-quarter asset write-down due to crappy natural gas prices.
And, after reading all of that, you are free to bang your head against the desk whilst bemoaning fate ..... now.
Tuesday, April 28
Monday, April 27
Gee, Bob, I Can Think of a Couple ...
Robert Irsay, owner of the Indianapolis Colts, as told to the AP. Irsay is referring to the city of Indianaplis' desire to renegotiate their stadium deal with the Colts, owing to the funding shortfall the stadium authority has experienced.
"What business would come in and negotiate with the city and the state for three or four years and get all the details ironed out, and then three or four months after you're in the building have them say that doesn't really matter and then take your brand and rake it over the coals."
What kind of business? Well, there's this guy, who decided he didn't like his building less than a decade after it was built, and who tried to renegotiate his lease even though there was still close to five years left on it. Or this guy, who pulled a team out of town even though they still had a year left on their lease.
Or, maybe, this kind of business, the kind which promises to let the mayor of the city in which it resides of a phone call if it decides to move, then gets 15 moving vans to load up in the middle of the night and haul ass for Indianapolis. Sorry, Bob, but people who pull that kind of stuff don't get the right to act sanctimonious.
"What business would come in and negotiate with the city and the state for three or four years and get all the details ironed out, and then three or four months after you're in the building have them say that doesn't really matter and then take your brand and rake it over the coals."
What kind of business? Well, there's this guy, who decided he didn't like his building less than a decade after it was built, and who tried to renegotiate his lease even though there was still close to five years left on it. Or this guy, who pulled a team out of town even though they still had a year left on their lease.
Or, maybe, this kind of business, the kind which promises to let the mayor of the city in which it resides of a phone call if it decides to move, then gets 15 moving vans to load up in the middle of the night and haul ass for Indianapolis. Sorry, Bob, but people who pull that kind of stuff don't get the right to act sanctimonious.
Olympia: It's Not Over ... Yet
Via Joe Turner of the News Tribune:
Sen. Ed Murray and Sen. Jeanne Kohl-Welles have issued a statement relating to the life of SB 6116.
“If the Legislature goes into a special session sometime during this year, we will continue conversations around SB 6116. We will work with the opponents of this bill and try to reach an agreement.”
Coming on the heels of Murray's amendment that eliminated all non-KeyArena related portions of the bill (i.e., Husky Stadium), it is painfully clear that Murray and Kohl-Welles are doing everything they can to bring professional basketball back to Seattle.
Whether their passion for the subject can persuade enough of their fellow lawmakers remains to be seen.
Sen. Ed Murray and Sen. Jeanne Kohl-Welles have issued a statement relating to the life of SB 6116.
“If the Legislature goes into a special session sometime during this year, we will continue conversations around SB 6116. We will work with the opponents of this bill and try to reach an agreement.”
Coming on the heels of Murray's amendment that eliminated all non-KeyArena related portions of the bill (i.e., Husky Stadium), it is painfully clear that Murray and Kohl-Welles are doing everything they can to bring professional basketball back to Seattle.
Whether their passion for the subject can persuade enough of their fellow lawmakers remains to be seen.
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