Tag: Trust

Tideline Launches Impact Verification Business, “Bluemark,” To Strengthen Trust And Accountability In Impact Investing

“Independent verification is essential for scaling the impact investing industry with integrity,” said Christina Leijonhufvud, a Managing Partner at Tideline who has transitioned to become CEO of BlueMark. “By introducing a reliable mechanism for establishing trust and accountability in the impact investment market, stakeholders can have greater confidence in impact claims and performance. Asset owners and institutional allocators especially benefit from the introduction of impact verification, which has the potential to dramatically simplify the impact screening and monitoring process and thereby mobilize greater capital flows toward positive societal impact.”

Impact verification came to the forefront in April 2019 with the introduction of the Operating Principles for Impact Management (“OPIM” or the “Impact Principles”), led by the International Finance Corporation (“IFC”) and now featuring a growing group of more than 100 signatories dedicated to “establishing a common discipline around the management of investments for impact.” One of these Principles—Principle 9—specifically

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David Ross never lost faith in the Cubs’ core players. As they embark on what might be a last hurrah, ‘I still have to trust in that group.’

Even in the gloomiest of times, Chicago Cubs manager David Ross didn’t completely abandon embattled closer Craig Kimbrel.



a baseball player holding a bat in front of a crowd: Chicago Cubs manager David Ross has a laugh in the dugout before a game against the Chicago White Sox at Guaranteed Rate Field on Saturday, Sept. 26, 2020.


© Chris Sweda / Chicago Tribune/Chicago Tribune/TNS
Chicago Cubs manager David Ross has a laugh in the dugout before a game against the Chicago White Sox at Guaranteed Rate Field on Saturday, Sept. 26, 2020.

And despite a miserable performance by the offense this season, Ross never made sudden and radical changes to the lineup.

Ross’ loyalty will be put to the test, as will the legacy of the core group largely responsible for the 2016 World Series title, when the Cubs open their best-of-three National League wild-card series Wednesday at Wrigley Field against a young and relentless Miami Marlins team.

“Anything can happen in a short series,” said Ross, who admitted to feeling butterflies Monday night, “but I’m going to continue to rely on these guys that have gotten us to

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Glass Lewis Joins ISS in Recommending Ashford Hospitality Trust Shareholders Vote “FOR” Both Proposals

The MarketWatch News Department was not involved in the creation of this content.

DALLAS, Sept. 30, 2020 /PRNewswire via COMTEX/ —
DALLAS, Sept. 30, 2020 /PRNewswire/ — Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced that Glass Lewis & Co. (“Glass Lewis”), a leading independent proxy advisory firm, has recommended that Ashford Trust shareholders vote “FOR” both proposals at the October 6th Special Meeting.  Glass Lewis’ recommendation follows Institutional Shareholder Services’ (“ISS”) recommendation earlier this week that shareholders also vote “FOR” both proposals.

As Glass Lewis stated in its independent report: “…we ultimately consider it reasonable that the Trust has elected to pursue an alternative which stands to reduce cash burdens, eliminate a major liquidation preference, simplify the capital structure and prospectively enhance pro forma market access.  While certainly not unfettered by steep dilution to common shareholders, these benefits may be expected to contribute favorably

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‘Bring back trust’: Carlos Ghosn offers executive training in troubled Lebanon

BEIRUT (Reuters) – Carlos Ghosn, the former Nissan and Renault head who fled Japan where he was facing trial, is launching a university business programme in Lebanon, a nation mired in a deep economic crisis blamed on years of misrule, mismanagement and corruption.

Carlos Ghosn, the former Nissan and Renault chief executive, gestures as he speaks next to Father Talal Hachem, President of the Holy Spirit University of Kaslik, during a news conference at the university in Jounieh, Lebanon September 29, 2020. REUTERS/Mohamed Azakir

Nine months after his dramatic escape to Beirut from Tokyo, the Lebanese-French executive has unveiled a plan to shake up the business school at the Université Saint-Esprit de Kaslik (USEK), a private university north of the Lebanese capital.

Ghosn, credited with turning round the Japanese and French carmakers before he faced charges in Japan of financial wrongdoing that he denies, plans programmes to coach executives, offer

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‘Bring Back Trust’: Carlos Ghosn Offers Executive Training in Troubled Lebanon | Investing News

BEIRUT (Reuters) – Carlos Ghosn, the former Nissan and Renault head who fled Japan where he was facing trial, is launching a university business programme in Lebanon, a nation mired in a deep economic crisis blamed on years of misrule, mismanagement and corruption.

Nine months after his dramatic escape to Beirut from Tokyo, the Lebanese-French executive has unveiled a plan to shake up the business school at the Université Saint-Esprit de Kaslik (USEK), a private university north of the Lebanese capital.

Ghosn, credited with turning round the Japanese and French carmakers before he faced charges in Japan of financial wrongdoing that he denies, plans programmes to coach executives, offer technology training and help start-ups to create jobs.

Ghosn has found refuge in Lebanon where the economy is collapsing under debts amassed since the 1975-1990 civil war. A devastating blast in Beirut on Aug. 4 compounded Lebanon’s woes.

“Obviously I am

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ISS Recommends Ashford Trust Shareholders Vote “FOR” Both Proposals at Special Meeting

DALLAS, Sept. 28, 2020 /PRNewswire/ — Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today commented on a report by Institutional Shareholder Services Inc. (“ISS”), the leading independent proxy advisory firm, recommending that Ashford Trust shareholders vote “FOR” both proposals at the October 6th Special Meeting.  The approval of both proposals is necessary to complete the Company’s proposed offers to exchange any and all shares of its preferred stock (the “Exchange Offers”).

In its September 25, 2020 recommendation to shareholders, ISS pointed to the risk created by COVID-19 and the benefit of the proposals enabling the completion of the Exchange Offers:

  • “The pandemic has had an outsized negative impact on the hotel industry”
  • “…there is no way to tell with a meaningful degree of certainty when the industry will reach the point at which the company could again become viable without intervention (in
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Ashford Trust Files Investor Presentation Explaining Why It Recommends Voting In Favor Of The Two Proposals At The October 6th Special Meeting

DALLAS, Sept. 25, 2020 /PRNewswire/ — Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today announced that it has filed a presentation with the U.S. Securities and Exchange Commission detailing why its Board of Directors has recommended that its common shareholders vote in favor of the two proposals at the Company’s upcoming Special Meeting.  The presentation is available online at the Company’s website, www.ahtreit.com on the “Investor” page. The Company’s presentation also challenges the uninformed and misleading claims made by Cygnus Capital. 

As the Company has discussed, the approval of both proposals is necessary to complete the Company’s proposed offers to exchange any and all shares of its preferred stock (the “Exchange Offers”). These strategic steps are crucial to the long-term viability of its business due to the severe impact of COVID-19 on the entire travel industry. As disclosed in the Company’s SEC filings, there is

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Elizabeth Shea Joins Washington Business Journal Leadership Trust

Washington Business Journal Leadership Trust is an Invitation-Only Community for Top Business Decision Makers in Greater Washington

REQ, a leader in digital marketing and brand reputation, announced today that

Elizabeth Shea, Executive Vice President of Public Relations for REQ, has been invited to join the Washington Business Journal Leadership Trust, ​an exclusive community for influential business leaders, executives, and entrepreneurs in Greater Washington.

Elizabeth was chosen for membership by the Washington Business Journal Leadership Trust Selection Committee for her experience, leadership, and influence in the local business landscape and beyond. Elizabeth came to REQ through strategic acquisition after her technology public relations firm, SpeakerBox Communications, was acquired in 2019.

“The Washington area’s thriving business community is powered by leaders like Elizabeth,” said Peter Abrahams, president and publisher of The Washington Business Journal. “We’re honored to be creating a space where the region’s business influencers come together to increase their

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Ashford Trust Sends Letter To Common Shareholders Explaining Why It Recommends Voting In Favor Of The Two Proposals At The October 6th Special Meeting

DALLAS, Sept. 21, 2020 /PRNewswire/ — Ashford Hospitality Trust, Inc. (NYSE: AHT) (“Ashford Trust” or the “Company”) today sent a letter to its common shareholders explaining why voting in favor of the two proposals at the Company’s upcoming Special Meeting is in the best interest of Ashford Trust and its common shareholders.  The Company also responded to the uninformed and misleading press release issued by Cygnus Capital. 

The text of the letter follows:

Dear Fellow Shareholders:

We are asking for your important vote in support of the two proposals at our upcoming Special Meeting scheduled for October 6, 2020.  The approval of those proposals is necessary to complete the Company’s proposed preferred stock exchange offers.  These strategic steps are crucial to the long-term viability of our business due to the severe impact of COVID-19 on the entire travel industry.  Without your support, there is substantial doubt as to

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PG&E Fire Victim Trust Requests Proposals for Legal Services in Connection with Assigned Claims

Bloomberg

Perelman Selling Almost Everything as Pandemic Roils His Empire

(Bloomberg) — Bit by bit, billionaire Ronald O. Perelman is parting with his treasures.His Gulfstream 650 is on the market. So is his 257-foot yacht. Movers hauled crates of art from his Upper East Side townhouse after he struck a deal with Sotheby’s to sell hundreds of millions of dollars of works.He’s unloaded his stake in Humvee-maker AM General, sold a flavorings company that he’d owned for decades and hired banks to find buyers for stock he holds in other companies.What in the world is going on with Ron Perelman? His exploits on and off Wall Street have been tabloid fare in New York since the go-go 1980s. But now, at an age when most fellow billionaires are kicking back, Perelman, 77, is facing a range of financial challenges, most of all at Revlon Inc., his cosmetics giant.Once touted as

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