Private Thoughts on Alibaba's Public Offering Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
Private Thoughts on Alibaba's Public Offering
The IPO of Alibaba Group last Friday was the biggest business news of the day, the week, the month and maybe the year. Guessing at the offering price; calculating the margin by which it would out-capitalize Visa and Facebook, then the largest IPOs on record; and analyzing Alibaba's enigmatic CEO, Jack Ma, constituted a virtual feeding frenzy.
Drew Bernstein, who is co-managing partner of Marcum Bernstein & Pinchuk, our China affiliate, had some thoughts on Alibaba's public debut. Drew has deep experience in the China market and understands the nuances and vagaries of Chinese public companies like few others do or can. He penned those thoughts in an op ed for Forbes, that posted 24 hours before the IPO.
The NFL's Record of Shame Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
The NFL's Record of Shame
88 assaults, 85 incidents of domestic violence, 38 gun arrests, 82 drug charges, 202 DUIs, 10 sexual assaults and that's not all. 730 total criminal charges since 2000, 14 years and counting, ranging from multiple murders to breaking and entering. What are these statistics? you may ask. Good question. They're the current NFL line up on player arrests.
After my posting last week about Ray Rice, I received a lot of email, evenly split between those agreeing and those disagreeing with me (it turns out I, too, made it more about Roger Goodell than Rice). But those disagreeing were much more incensed. So I did a little more research about Mr. Goodell and the NFL, and I stumbled upon the statistic above. I was absolutely shocked. It's incomprehensible to me that NFL players have such a high incidence of run-ins with the law.
Friday Morning Quarterback: Ray Rice Deserves the Penalty Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
Friday Morning Quarterback: Ray Rice Deserves the Penalty
After knocking out his wife (fiancée at the time) in an Atlantic City casino elevator and getting caught doing it by security cameras, which seem to be everywhere these days, the press has managed to turn Ray Rice's deplorable behavior and subsequent indefinite suspension from the NFL into an indictment of Roger Goodell, the league's long-time commissioner. How this became about Mr. Goodell is beyond me.
First and foremost, this is about Ray Rice and his behavior. There's no question and video proof that he punched out a defenseless woman in the confines of an elevator. Second, it's about whether the NFL is willing to tolerate such behavior by one of its players. The answer to both seems to be an absolute position by the NFL that such immoral behavior will not be tolerated. Period. Who in the NFL office knew what and when they knew it does not change the material facts. It is just not the issue.
What I Did On My Summer Vacation Marcum LLP | Accountants and Advisors | New York, New Jersey, Massachusetts, Connecticut, Rhode Island, Pennsylvania, California and Florida Certified Public Accountants
What I Did On My Summer Vacation
For those of us who live in the Northeast and endured what was probably one of the coldest and snowiest winters in recent history, the weather gods paid us back in spades with one of the best summers we've had in a long time. I hope you all enjoyed it as much as my family and I did.
The Weiners spent the summer on the East End of Long Island, where I don't even need one hand to count the number of rainy days we had during July and August. And I certainly don't need any fingers to count the over-90 degree days, since there were none. All in all, it was just a great time. We're unanimous in feeling that we'd gladly put up with another winter like last year's if we can have another summer like this one. When I wasn't working, you could find me on a local golf course, out on the water, enjoying the beaches that Long Island is perhaps best known for, or enjoying a great meal and drink(s) with family and friends.