显示标签为“President”的博文。显示所有博文
显示标签为“President”的博文。显示所有博文

2011年4月24日星期日

Credited with the creation of CD Sony President dies

Former president and chairman of Sony, Norio Ohga, shown in 1991, holds a Sony Mini Disc in New York. Ohga died Saturday at age 81 of multiple organ failure.Former President and Chairman of Sony, Norio Ohga, shown in 1991, holds a disk Mini of Sony in New York. Ohga died Saturday at the age of 81 years of multiple organ failure. Richard Drew/Associated Press

Opera singer Norio Ohga complained about the quality of the Sony recorders until he was hired by the company, developed the compact disc and defended his superior.

Love of music led the career of former Sony President and in turn, he transformed the Japanese manufacturer of electronics into a global software and entertainment empire.

The President of the company, and President from 1982 to 1995, Ohga is died Saturday in Tokyo of multiple organ failure, says Sony. He was 81.

The connoisseur of the flambuoyant music led his work through his love of music. Ohga insisted for the CD be designed to 12 centimetres in diameter or 75 minutes, a value of music, to store of Beethoven's Ninth Symphony in its entirety.

From the beginning, Ohga acknowledged the potential for superior sound quality of the CD. In the 1970s, when Ohga insisted that CDS would eventually replace Records albums, skeptics scoffed.

Herbert von Karajan, Stevie Wonder and Herbie Hancock in the defence of his Sony digital.

"We are always chasing after things that other companies do key."-Norio Ohga, former head of Sony in 1998 interview

Sony sold first CD in the world in 1982 and CDs away sales of records LP, in the Japan five years later. The specifications are still used today and helped the devices developed since.

"It is no exaggeration to assign the evolution of Sony products audio and video in music, movies and game and the subsequent transformation into a leader world of entertainment to the foresight and vision, Ohga-san" Sony Corp. Chairman and Chief Executive Howard Stringer "."said Saturday, using the Japanese honorific title.

Certain decisions taken during the Presidency of the Ohga, such as the purchase of 3.4 - billions of dollars of Hollywood studios Columbia Pictures, have been criticized as little judicious and expensive at the time. But the focus of the Ohga on music, films and video games as a way to enrich ecommerce has helped create Sony success in his time.

"We are always chasing after things that other companies affect", Ohga said in a 1998 interview with the Associated Press.

"It is a great secret of our success."

Shattering the stereotype of the staid Japanese Executive Ohga has never been shy, her hair carefully smoothed back from its noisy exuding the fiery air yet na?ve artist. His character has added a touch of glamour to the Sony image at a time where the Japan had global ambitions.

An experienced pilot, Ohga sometimes flew the aircraft itself to business trips. A charm, he extolled his roast beef. His hobby crossed on his yacht.

President of the Tokyo Philharmonic Orchestra since 1999, he continued to lead there are a few times per year. In 1993, he led the Metropolitan Opera Orchestra at Lincoln Center's Avery Fisher Hall in charity funded by Sony.

Ohga was often compared to leading a company conducting an orchestra.

"Just as a conductor must work to bring out the best in his orchestra members, a President of the company must draw on the talents of the people in his organization," Ohga said in a 1996 Sony publication.

Sony a began the destruction and poverty after the second world war and is built on the popularity of transistor radios, the Walkman, the TV Trinitron, CD - shaping the history of modern electronics.

Ohga had graduated from Tokyo National University of Fine Arts and music in 1953, and University of the Arts Berlin in 1957.

It was set to pursue a career as a baritone opera singer when co-founders Sony Masaru Ibuka and Akio Morita, intrigued by its complaints about the sound quality of tape recorders from Sony, the recruits for the company.

He was a leader of Sony, its 30 years a rarity in a Japanese company. He was appointed President of CBS Sony Records in 1970, President of what later became Sony Corp. of America in 1988 and Chief Executive of Sony in 1989. He left the day-to-day business in about 2000.

Ohga had attempted to lead a double life of artist and man of Sony. One day, he asleep from exhaustion in the backstage of the scene until they go in the marriage of Figaro, rushed in from the wrong direction and looked embarrassed colleagues stifle laughter.

He abandoned his career as an opera but still promoted classical music to the Japan supporting concerts and young musicians.

The company said that it was key in the construction of the Sony brand, working on the design, as well as the quality, manufacture products which seemed attractive to consumers.

Sony has encountered difficulties in recent years, lagging behind in the market of televisions flat rivals such as Samsung Electronics Co., South Korea, and digital music players to Apple Inc..

It is unique in having a Hollywood studio, a music recording business and PlayStation video games unit, although critics note he performs never fully the benefits of owning the electronics and entertainment divisions.

Ohga is survived by his wife, Midori. Sony said that a private wake will be held later.

Accessibility links

View the original article here

2011年4月20日星期三

Ex-Taylor Bean recognized President guilty of conspiracy, fraud

April 20, 2011, 12: 04 am EDT by Tom Schoenberg

April 20 (Bloomberg)--Lee Farkas, former President of Taylor, bean & Whitaker Mortgage Corp., was found guilty on 14 counts of conspiracy and wire fraud, Bank and securities in what prosecutors said was a plan of $ 3 billion involving a fake active mortgage.

A jury in Alexandria Virginia, yesterday delivered the verdict after a day of deliberations. Farkas, who was free during the trial, was placed in detention. He faces a maximum sentence of 30 years on charges of conspiracy and bank fraud and 20 years or the counts of wire fraud and securities fraud when he is sentenced on July 1. prosecutors said Farkas, 58, orchestrated one of the largest and longest banking fraud in United States who fooled some of the largest financial institutions of the country. target for the Federal Bank rescue program and has contributed to the failures of Taylor Bean and based in Montgomery, Alabama Colonial Bank.Assistant Attorney General Lanny Breuer, head of the criminal division of the Department of Justice, fraud of Farkas said "poured fuel on the fire" of the financial crisis. "The financial crisis has many faces and now face of Lee Farkas is one of them,"Breuer, who attended part of the trial, said after the verdict to a conference call with journalists. "Current ' said InvestigationBreuer investigation of the Government in the fraud scheme is"in progress ". He refused to say if more people could be charged.Prosecutors spent eight days establishing the allegations of the jurors. The Government called 23 witnesses, including Freddie Mac, Bank of America Corp. and Deutsche Bank AG. Six of those who testified were former colleagues or associates of Farkas, who had pleaded guilty to charges of conspiracy.Farkas used Taylor Bean as his own "personal piggy" and stole more than 30 million of the company, he built to purchase houses, cars, planes, restaurants and other businesses aside, said Assistant U.S. Attorney Charles Connolly closing arguments.Farkas, who denied any wrongdoing, testified in his own name and called the two former employees of Taylor Bean and a forensic in its defence.William Cummings, one of the counsel of Farkas, said that the defence team was disappointed with the verdict. "We fought hard,"said Cummings, a former U.S. Attorney in Virginia." "Getting six former colleagues to plead guilty and to testify is difficult to overcome obstacle."Cummings said he was surprised U.S. District Judge Leonie Brinkema ordered Farkas to be imprisoned, adding that the judge has said that it would hear arguments week in whether to be released while he awaits sentencing next.Rolls RoyceProsecutors seek to seize properties Farkas has in Florida and the Georgia, and nine vehicles, including a model of Ford A 1929 and 1963 Rolls Royce.Taylor Bean, based in Ocala, Florida, has been serving over 500,000 mortgage loans with Freddie Mac loans $ 51 billion when it collapsed in August 2009, according to court records of.Prosecutors allege fraud began in 2002 when Farkas had blurred meeting expenses of operation, such as the list of payroll and loan mortgage maintenance payments to the Government - sponsored assistance Freddie Mac and Ginnie Mae.With of servants to the Colonial Bankboth among the 50 of the country more grandFarkas hidden gaps of about 15 million dollars a day by moving money to another account of Taylor Bean master account of the company, and then returning the money later in the dayAccording to a related prosecution by the U.S. Securities and Exchange Commission.Overdrawn AccountBy December 2003Bean Taylor has been overexploitation his account about 150 million dollars a day, the SEC said.Farkas, about four hours of testimony, denied ordering anyone to move money between accounts Taylor Bean and said that he and Taylor Bean employees have the power to do so.The Government claims that Farkas and other conspirators, in a system, they called "Plan B," began to send data from mortgage to Colonial Bank to loans that did not exist, or that Taylor Bean had already committed or sold to other investors.False LoansBy the end of 2007, the regime was composed of approximately 500 million in false residential mortgages and about 900 million in non-tradable residential mortgages and securities, said Patrick Stokes, Deputy Chief of the fraud of the Ministry of Justice of United States section., closing arguments.Farkas and his accomplices hijacking cash Ocala Funding LLC, a vehicle for funding used and controlled by Taylor Bean, to cover its losses, said prosecutors.Ocala funding issued commercial paper backed by assets of financial institutions, including the Deutsche Bank, the biggest German bank based in Paris, BNP Paribas, according to court documents. In August 2009, Ocala deficit had risen to $ 1.5 billion, according to prosecutors.As Colonial Bank is struggling to stay afloat, Farkas attempted to collect $ 300 million from private investors to ensure an infusion of cash of $ 550 million of the Federal Troubled Asset Relief Program, according to Paul Allen, former Director General company who pleaded guilty to conspiracy. Farkas was found guilty of falsely representing that he had commitments from investors for money.Colonial has never cover, said United States .taylor Bean funds accounted for approximately 2% of the mortgages for individual houses by volume purchased by Freddie Mac in 2009, according to a company filing. The firm said it filed a claim in bankruptcy Taylor Bean of $ 1.8 billion, with $ 440 million relating to the funds deposited with Bank.Alabama regulators seized Colonial Colonial Bank in 2009 and the Federal Deposit Insurance Corp. was appointed receiver. Colonial BancGroup and Taylor Bean filed bankruptcy in 2009.the is U.S. v. Farkas, is 10-cr-00200, U.S. District Court, District of Virginia (Alexandria).

-Editors: Fred Strasser, Peter Blumberg

To contact the reporter on this story: Tom Schoenberg in Washington to tschoenberg@bloomberg.net

To contact the editor responsible for this story: Michael Hytha to the mhytha@bloomberg.net


View the original article here

2011年4月19日星期二

Burkina Faso President replaces Prime Minister after the mutiny

April 19, 2011, 2: 02 pm EDT by Simon Gongo

(Updates with comment from spokesman for the mutineers in fourth paragraph).

April 19 (Bloomberg) - leader of Burkina Faso, Blaise Compaoré, appointed a new Prime Minister, as members of the presidential guard, who began a mutiny on April 15 has apologized for their actions and called at the end of the insurgency.Compaore, Luc Adolphe Tiao, Ambassador of the West African country into France, replacing Tertius Zongo as Prime Minister, said in a statement read on national television later yesterday.Compaoré has dismissed the chiefs of staff of the army, the air force and the police and dissolved his Government in the week he seeks to quell riots by soldiers protesting on their living conditions. "The mutiny has spread at least four cities in the country".We regret this mutiny, looting and disorder, "Moussa Ag Abdoulaye, a spokesman for the soldiers who were demonstrating, said in a statement read on Radio and television of Burkina Faso, the broadcaster owned by the State, in the capital, Ouagadougou." "We reaffirm our respect and our support for the President of Burkina Faso and call others in the country to stop shooting."Compaore, 60, held the largest producer of cotton in sub-Saharan Africa since coming to power by a coup in 1987. The country is in turmoil since February, when five people were killed in the demonstrations against the police following the death of a student in their custody.Researchers of gold including Montreal Semafo Inc., based in London Avocet Mining Plc have operations in Burkina Faso. SEMAFO said yesterday that the unrest did not disrupt its Mana Mine operations, while Avocet said the same thing, on 15 April.

-Editors: Paul Richardson, Karl Maier.

Simon Gongo in Ouagadougou via Nairobi to pmrichardson@bloomberg.net.

To contact the editor responsible for this story: Antony Sguazzin to the asguazzin@bloomberg.net


View the original article here