A1 for You. Lea & Perrins for Me. Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
A1 for You. Lea & Perrins for Me.
The big news this week was the announced merger of Heinz and Kraft Foods. The deal is said to be worth around $49 billion. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share, financed by a $10 billion investment from private equity firm 3G Capital and Warren Buffett's Berkshire Hathaway.
Kraft shares shot up more than 30%, from about $61 to over $82 per share, in the first 24 hours following the announcement. Wall Street is salivating, and so am I, but for a different reason. Just imagine the possibilities!
You Can't Make It Up Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
You Can't Make It Up
Most people consider themselves capable of getting through the day without making any seriously stupid mistakes. Some people are supremely confident that the foibles that trip up other people could never happen to them. They're secretly (or not so secretly) sure that if they were running the world, it would be a better place.
The truth is everyone does dumb things sometimes. Some are worse than others, but some are downright colossal. Of course, that's never happened to me (LOL). But it seems to be happening to a lot of other people lately.
Jeffrey Weiner, At Your Service Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
Jeffrey Weiner, At Your Service
I was in a taxi in New York Wednesday morning, heading to work in the usual 8am traffic on Second Avenue, reading the "Today's Headlines" email that I get every morning from The New York Times, when an ad in the middle of the page caught my attention. The big draw was the word DRIVE! in big, bold letters. Under that enticement the ad went on to say: A fun new way to make money with your car has arrived. You guessed it - it was from UBER. And I was invited to SIGN UP TO DRIVE.
So I thought to myself, our busy season will be coming to an end in just about 5 more weeks and what can I do with all the new found extra time I'll have on my hands? So I did what any of you might have done. I clicked on the link and was brought to the UBER site, where I could sign up to drive for dollars using my own car. As Marcum's Entrepreneur-in-Chief, I figured it would be a great way to set an example, or, as of some may think, show just how crazy I actually am.
Up-End the Playing Field Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
Up-End the Playing Field
This past Friday was a holiday of sorts for many, as the Underwoods returned to Netflix and more than 700,000 fans got caught up with their favorite scoundrels. Whether you are a fan of House of Cards or Arrested Development is more your speed, both are examples of off-network successes, produced by Netflix and designed to supplant and revolutionize the way we consume television content.
Way back when, if you wanted to watch your favorite TV show, you walked over to the console (okay, you clicked the remote), turned on your set at the appointed time and toughed out the commercials to catch a glimpse of coming scenes from next week's episode. Other than that, you were going to have to wait a whole week to see what happened next, or even a whole year in the case of seasonal movies, like The Ten Commandments. How times have changed! Now, between DVRs and streaming-content providers, not only don't you have to suffer through the ads, you can watch the latest installment on your own schedule and on a multitude of devices. Or better yet, you can binge-watch an entire season in a single day or a weekend if you choose.