Parents want one and investors are already pushing millions towards it.
Tag / investors
Dow Jones in 1987
Today, the Dow Jones is over 21,000 points. 30 years ago it was much lower….way lower. Continue reading →
Is The Commercial Real Estate Bubble About To Pop?
Low interest rates and fed printing presses has propelled the industry in the last 8 years….but that may be coming to an end. Continue reading →
Investors to Chicago Public Schools: Pay Up
Numerous people are nuanced when talking about education for the youth in America. There is nothing wrong with wanting the best for children getting a good education. Continue reading →
Indiana State University Makes Millions Housing and Feeding Students
Photo courtesy of http://www.nwitimes.com
Indiana State University is putting $16 Million in bonds up for sale this week to investors. Their plan is to remodel their student housing/dining services. When an organization puts bonds up for sale Continue reading →
Stockholders to Environmentalists: Pound Sand
I love investing in oil. Oil companies have a great
Continue reading →
Is Marc Benioff Breaking the Law With His Indiana Ban?
SalesForce.com CEO Marc Benioff announced Thursday he is reducing the companies investment in Indiana due to Governor Mike Pence signing RFRA legislation.
There is nothing illegal with a CEO of a company being politically or socially active in government current events. The problem lies within the fact his company is a publicly traded investment. This means its listed on the stock exchange for all to buy. When you are a publicly traded company you must follow rules set forth by the Securities Exchange Commission when making big investment moves so stockholders can see. I will list a few but compliance can be found at Investor.gov:
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Current Reports on Form 8-K. Companies file this report with the SEC to announce major events that shareholders should know about, including bankruptcy proceedings, a change in corporate leadership (such as a new director or high-level officer), and preliminary earnings announcements.
And here is another rule for the company to follow moving any major investment out of Indiana that could affect shareholders investments. Shareholders would possibly need to vote on the matter:
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Proxy Statements. Shareholder voting constitutes one of the key rights of shareholders. They may elect members of the board of directors, cast non-binding votes on executive compensation, approve or reject proposed mergers and acquisitions, or vote on other important topics. Proxy statements describe the matters to be voted upon and often disclose information on the company’s executive compensation policies and practices.
To be clear, Marc Benioff is not claiming to be shutting down any operations at this time. A move like that would MOST DEFITINETLY have to be filed and voted on by shareholders. From my a**hole business experience I think he is bluffing and within months will be fully operational in sending people to Indiana for business. I’m positive his lawyers got a hold of him and made him carefully word his statement after the first one posted above. If he does start moving assets out like employees or selling off property without notification, then he will be in violation.
I will be following Investor.gov to monitor his threats.
People Borrowing More from 401k’s
More investors are taking out loans against their 401(k)s, and that could hurt their retirement income by hundreds of dollars a month, according to an analysis by Fidelity Investments released Wednesday.
The number of investors borrowing from their 401(k)s has been steadily increasing for more than a decade. Today, more than one in five people, or 22.5% of Fidelity’s 401(k) investors, borrow against their retirement savings, up from 18.7% in 2000, according to Fidelity’s analysis of 13 million investors.
More than 2 million investors have outstanding loans, and nearly 1 million took out loans in the past year.
