When Joe Laurienti talks about his team designing a rocket engine in a rented attic in the early days of his aerospace company, it brings to mind stories about Silicon Valley’s high-tech companies that started as projects in somebody’s garage. Laurienti’s story about his company, Lafayette-based Ursa Major Technologies, might one day be part of industry lore if Colorado becomes known as “Aerospace Alley.” “It’s a grand vision, but it’s also something that I truly believe is possible,” said retired Maj. Gen. John Barry, president and CEO of the Wings Over the Rockies Air and Space Museum. It’s not really a moonshot kind of goal, considering that Colorado’s aerospace economy is already second only to California’s. Colorado has 180 aerospace companies and more than 500 businesses that provide space-related products and services. It has the highest concentration of private aerospace employment in the country: … [Read more...] about California has Silicon Valley. Could Colorado become home to “Aerospace Alley?”
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On February 10, 2015, the SEC announced settlements with two former chief financial officers of Saba Software, a Silicon Valley software company, that require the CFOs to repay Saba more than $500,000 in bonuses and profits from stock sales earned subsequent to Saba’s false filings. Notably, the SEC did not allege that either former officer violated the federal securities laws in any fashion, nor was there evidence of either officer’s knowledge of, or complicity in, the underlying conduct that prompted the company to settle accounting fraud charges lodged against it by the SEC in September 2014. The first CFO, William Slater, a former accountant who served as CFO from November 2011 through February 2013, and the second, Peter E. Williams III, a California attorney who served as CFO from March 2004 through July 2007 and again on an interim basis from October 2011 through January 2012, agreed to reimburse the company approximately $337,000 and $142,000, respectively, … [Read more...] about SEC “Claws Back” Bonuses and Stock Sale Profits From CFOs of Public Company Charged With Accounting Fraud
All About Advertising LawVenable’s group blog covers advertising laws of concern to broadcasters and marketers, with special attention paid to implications of Federal Trade Commission and Federal Communications Commission rulings. This year, they ran a very informative series called “Golden Rules,” all about the advertising and sponsorship issues raised by the Olympics. Arbitration Nation“This blawg provides recent news on all sorts of interesting arbitration decisions nationwide and does so accurately, intelligently, concisely and with a sense of humor and, sometimes, savvy political commentary. This may be the best ADR blawg, period. I have not seen a better one, and I read an awful lot of ADR news and edit the ABA ADR website for the Litigation Section.” —Mitchell Marinello, Novack & Macey, Chicago Art Law & MoreThe field of art law is often more swashbuckling than it’s given credit for. Posts on Art Law & More contain details … [Read more...] about 10th Annual Blawg 100
Peter Holley, The Washington Post Published 10:20 am PDT, Friday, July 27, 2018 Once an electric scooter has been released into the urban wild, its life might best be likened to that of a medieval serf - backbreaking labor followed by the strong possibility of an ignominious end. Scooters that reach their expiration date after being worn down merely by inclement weather, overuse and hazardous potholes are the lucky ones. Many others can expect their final moments to be undeniably barbaric. Some face death by bonfire, others are flung into the ocean or tossed from the top of parking garages and bridges, shattering on concrete sidewalks or disappearing into murky waters below. Scooters have also been intentionally run over by trucks or torn apart - limb by electronic limb - by angry drunks and rage-filled teenagers screaming abusive epithets. At one point, a San Francisco scooter repair shop was inundated with as many as 100 scooters a day, forcing owner Michael Ghadieh … [Read more...] about The life of an electric scooter: Nasty, brutish and sometimes short.
Geoffrey A. Fowler, The Washington Post Published 3:34 pm PDT, Monday, March 25, 2019 You know Apple as the company that makes your iPhone. On Monday it said it also wants to be your cable guy, newsstand, credit card and video arcade. Add up all those new services, and Apple is becoming a kind of online club. The question is: Why should we join? The Apple club promises to make life a bit simpler, includes some celebrities - exclusive access to Oprah! - and cares a lot about your privacy. But it would be an easier sell if Apple also demonstrated that Apple TV+, News+, Card and Arcade could save you money. Instead, after a two-hour commercial at its headquarters in Silicon Valley on Monday, Apple didn't even tell us how much some of these services would cost. Savings is the No. 1 benefit we get from Apple's archrival Amazon, with a $120 annual Prime membership that packages together free shipping, TV shows, music, online storage and other goodies. (Amazon CEO Jeff Bezos … [Read more...] about Apple now wants to do pretty much everything for you, but will you save money?