- The special committee blamed disclosure issues on a JUNIOR employee, who was able to modify the media advisory in a way that made it appear as if the information wasn't embargoed.
On concerns surrounding the options grants, the special committee said there was no intent to manipulate their timing, and a well-timed gift made by Kodak board member George Karfunkel doesn’t appear to have violated federal securities laws.
We are supposed believe it was an innocent junior kid who made a mistake & lucky duck board member Karfunkel has a knack for timing?
Reminder - THE DEAL WAS HALTED...never should have happened

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More from @SRuhle

24 Sep
THREAD: FL Atty. General Ashley Moody is calling for a probe into @MikeBloomberg's effort to pay the fines for thousands of ex-felons ahead of Election Day which otherwise would prevent them from being able to vote.

I spoke with the Bloomberg team earlier, here's their response:
Bloomberg team: "This is a transparent political ploy, just the latest example of Republicans attempting to keep Floridians disenfranchised."
Bloomberg team: "It's completely against the will of the people. Two-thirds of the Florida electorate passed the Amendment supporting the right to vote for people who had served their time. But Republicans have done everything they can to obstruct its implementation."
Read 5 tweets
22 Sep
.@MikeBloomberg has raised $16M to help ex-felons in Florida pay fines so they can vote in November.

The funds will fuel a voter program that has identified 32,000 mostly Black and Latino voters who would otherwise be disenfranchised.

"The voice of the people is the ultimate basis for our democracy. Floridans overwhelmingly voted in 2018 to restore voting rights to people who had served their time..." - @RepValDemings
(Cont'd)..."During dark times in our history, millions of Americans have been denied their voting rights by unconstitutional poll taxes and tests like those imposed now by the Florida GOP..." - @RepValDemings
Read 6 tweets
27 Aug

Stocks are soaring right now.
Expect Trump to lean into this - and remember....it is NOT just rich people who own stocks.

Think of those with PUBLIC PENSIONS - that’s firefighters, teachers, cops...they CARE.
Pension Funds own more stocks than anyone else.
Trump is loving the stock market right now - and he will definitely warn people that without him, this “historic gains will be gone”.
The STOCK MARKET is NOT the economy - but there are a lot more people than you realize who REALLY care about the stock market and they are willing to forgive many other things to protect their nest eggs.
Read 5 tweets
26 Aug
It’s night 2 of #RNC2020 and we’ve got some fact-checking to do.

Here’s a thread breaking down Director of the U.S. National Economic Council, Larry Kudlow’s speech from this evening 👇
Kudlow: “I helped the team craft Donald Trump’s economic plan during the campaign. It was a roaring success. Inheriting a stagnant economy on the front end of recession...”

Fact check: Trump inherited an economy that was on its way to one of the longest expansions that only ended with the COVID recession: the numbers show that avg quarterly economic growth under Trump, 2.5%, was almost exactly what it was under Obama in the second term, 2.4%.
Read 24 tweets
17 Aug
🚨 FACT CHECK: Pres. Trump's Press Briefing on 8/15 🚨

(1/2) “We're currently witnessing the fastest economic recovery in American history…. “We've not only recovered but we're at a much higher level than we were even then… I think you're going to have an incredible GDP:”
(2/2) NOT TRUE
• GDP fell by 5% in Q1 and by 32.9% in Q2, according to the Bureau of Economic Analysis
• It’s not clear that we’ll see a positive number in Q3, especially with some states and locales closing again;
• The economy is in recession not a recovery.
“It turns out that it will be a very, very strong 'V,' and you'll see that in just a second:”

• Maybe, maybe not
• Increasingly, more economists are forecasting a “W” shaped recovery, with fits and starts, due to closures, openings, and closures again.
Read 15 tweets
17 Aug
THREAD: The argument that the Post Office is a financial failure because of poor operations is false.

Funding pensions is their biggest challenge. That legislation was led by Democrats and signed by a Republican president.
The priority of the US Postal Service is to serve the American people, not to make money. According to an April PEW Research Center survey, an overwhelming 91% of respondents have a favorable view of the USPS- higher than any other federal agency.
By comparison: Department of Energy, Department of Transportation, Department of Education, Defense Department DO NOT operate at a PROFIT.
Read 7 tweets

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