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Also, the company indicated in its IPO filing that the Pritzker family plans to retain control of the company through the issuance of two classes of shares, where family members will hold special Class B shares that entitle them to have 10 times the number of votes than those allowed by common shares. Indeed, the filing warns investors that "the concentrated control will limit your ability to influence corporate matters, and the interests of the Pritzker family business interests may not coincide with our interests or your interests...

Author: /time Magazine | Title: Hyatt's IPO: Bad Timing or Family Necessity? | 9/9/2009 | See Source »

...York. One safeguard is a multiplicity of signatures. Now both the principal and the agent must sign the POA, and each signature must be notarized. "This is a big change," he says. "The document specifically states that when you accept the authority to act as agent, you create a special fiduciary relationship with the principal that imposes legal responsibilities until you resign or the power of attorney is terminated." (Read "The Real Issues of End-of-Life Care...

Author: /time Magazine | Title: New Legal Protections for the Elderly | 9/9/2009 | See Source »

...race but decided against it on Sunday night, saying that such a campaign “would not be in the best interest of [her] family at this time.” Nomination papers for party candidates must be submitted for certification of signatures by Oct. 20, and the special election filling Kennedy’s Senate seat will take place on Jan. 19. State party primaries will be held on Dec. 8. In the meantime, state lawmakers are considering whether to allow Mass. Gov. Deval L. Patrick ’78 to make an interim appointment to the Senate...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: Capuano Considers Senate | 9/9/2009 | See Source »

...various aspects of his philosophy. Professor Niall C.D. Ferguson said he didn’t think he would “ever be enthusiastic about virtue,” saying that the word had Robespierrian connotations of “sending people to the guillotine.” Former special assistant to President Ronald Reagan and current Wall Street Journal columnist Peggy E. Noonan commented on the gap between abstract philosophy and practicality in politics. Politicians “have to make decisions in real time, decisions based essentially on practical calculations,” Noonan said...

Author: By Melody Y. Hu, CRIMSON STAFF WRITER | Title: Sandel Advances Justice Theory | 9/9/2009 | See Source »

...nuclear power, but being more willing than its immediate predecessor to talk directly with Kim & Co. in order to arrive at a deal. That's still likely to be the case - even if the diplomatic nuclear brief just got a bit more complicated - and Stephen Bosworth, Obama's special envoy to the North, was purposefully bland in reacting to the HEU announcement from Pyongyang. "Obviously, anything the North is doing in the area of nuclear development is of concern to us," he said after meetings in Beijing. Coincidentally - or not - the Deputy Foreign Minister of North Korea has just returned...

Author: /time Magazine | Title: North Korea: No More Mr. Nice Guy, Once Again | 9/8/2009 | See Source »

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