Byrne caring and generous
Deseret News, 29 May 2006
I read Lee Davidson’s annual article on the top political contributors in Utah. What should be written is a companion piece on how much money to charity and research these men and women give annually. The amount surpasses political donations by millions.
Mr. Davidson goes in great detail about Dr. Patrick Byrne of Overstock.com. The people of Utah should know about another side of Dr. Byrne’s generosity. Patrick gave $100,000 to the Boys & Girls Clubs of South Valley this year without us asking. Nor did he seek any acclaim or recognition. He did it because he cares about kids and the potential of every child. Continue reading “Article: Byrne caring and generous”
Brokers in an Uproar over Utah Law Cracking Down on “Naked Short Selling”
Lincoln Journal Star cited by RGM Communications via Wayback, 28 May 2006
A bill approved by the Utah Legislature is causing an angry revolt among Wall Street firms with Utah operations.
The measure cracks down on a stock trading practice defended by some as necessary for orderly markets and assailed by others as easily exploited for stock manipulation.
At issue is short selling, the investors’ practice of borrowing stock and selling it, hoping the share price declines so they can buy cheaper shares, return them to the lender and pocket the difference.
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Circle Group Zeroes In on Naked Shorts
ThinkAdvisor, 2 May 2006
”Any wrongdoers will be taken to the mat,” said the chairman and chief executive of Circle Group Holdings Inc., Gregory J. Halpern, in a salvo issued in a statement Monday (April 17). “We’ve come to fight and we believe that by joining forces with John O’Quinn, his team of lawyers and A-list experts, we will prevail.”
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