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Post by terrus on Jun 5, 2014 20:28:04 GMT -5
The New York Times Company is a publicly traded corporation with 1000 total shares. Editor: Matthew Swaim StockholdersJackson Clay -- 850 Shares Thaddeus Steward -- 50 Shares Pierre Broussard -- 50 Shares Antoine Desrochers -- 50 Shares Cash on HandSee here. DebtsJackson Clay -- $30 (paid on demand) Rules
1. The Editor possesses the powers of Chairman of the Board and President of the New York Times, controlling all executive functions of the company. 2. The Editor serves until resignation, death, or removal by Vote of No Confidence (requiring support of 2/3 of shareholders). Whenever a vacancy in the Editorship exists, the stockholders vote to elect a new Editor with journalistic staff temporarily operating the paper until that time. 3. 20% of profits will be dispersed amongst stockholders as dividends, and this provision may only be repealed or amended by a vote of 2/3 the stockholders.
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Post by terrus on Jun 10, 2014 9:42:39 GMT -5
James Terrus is putting up 100 shares of the New York Daily Times Company, Inc., for sale by auction. The highest bidder will get the shares. Minimum bid of $.50/share.
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Post by terrus on Jun 10, 2014 15:27:58 GMT -5
James Terrus has sold 100 shares of stock for the New York Daily Times Company, Inc. for $40 to Jackson Clay. He has ended the auction. He is offering an additional 100 shares to any interested party for $50. Future sales will be at higher prices.
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Post by terrus on Jun 10, 2014 15:30:14 GMT -5
James Terrus has sold an additional 100 shares of stock of the New York Times Company for $50 to Jackson Clay. He is now offering an additional 100 shares to any interested party for $60.
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Post by terrus on Jun 10, 2014 15:32:33 GMT -5
James Terrus has sold an additional 100 shares of the New York Daily Times Company, Inc. for $60 to Jackson Clay. He is now offering an additional 100 shares to any interested party for $75.
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Post by terrus on Jun 10, 2014 15:35:23 GMT -5
James Terrus has sold an additional 100 shares of the New York Daily Times Company, Inc. for $75 to Jackson Clay. He is now offering an additional 50 shares to any interested party for $50.
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Post by terrus on Jun 10, 2014 15:38:38 GMT -5
James Terrus has sold an additional 52 shares for $60 to Jackson Clay. All present offers are withdrawn. Anyone else wishing to purchase shares should post here with an offer, which Terrus/Clay may or may not accept.
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Post by terrus on Jun 12, 2014 15:01:36 GMT -5
James Terrus is now seeking to sell 100 shares of NYDT stock, for which he will accept the highest bid, though he will accept no less than $100. Interested parties should post here.
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Post by terrus on Jun 12, 2014 18:12:09 GMT -5
The Editor of the New York Daily Times, Matthew Swaim, hereby notifies all stockholders that the annual vote of confidence in management (aka: Swaim) will be held on 6/17/14, lasting 24 hours, and being decided by a majority. Stockholders will vote on the matter.
Swaim will also be asking stockholders to vote on several proposals, each vote lasting 24 hours, and being decided by a majority. 1. A proposal formally granting the Editor the powers of Chairman of the Board and President of the New York Daily Times, allowing the Editor complete control of the day-to-day operations of the corporation. 2. A proposal ending annual votes of confidence in the Editor, and instead providing for the Editor to serve until resignation, death, or removal by Vote of No Confidence (requiring support of 2/3 of shareholders). Whenever a vacancy in the Editorship existed, the stockholders would vote to elect a new Editor with journalistic staff temporarily operating the paper until that time. 3. A proposal granting the Editor of the New York Daily Times a salary of $25, or 25% of the paper's profits, whichever is greater.
Any stockholder may also make a proposal. Any proposal must be approved by a majority of stockholders to take effect.
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Post by jgonieal on Jun 12, 2014 19:21:59 GMT -5
4. Revenue will be shared among the stockholders, minus the cut of the editor. (example. Say the paper makes 200$. Say the editor takes 50, the rest of the stockholders would share the remainder, so Terrus would get 82.2$ and I would get 67.8.) All my votes already go towards this motion, and the revenue stream shall be reconfigured if a new stockholder joins.
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Post by terrus on Jun 12, 2014 20:35:46 GMT -5
Swaim notes his opposition to the measure as he is hoping to stockpile profits in oder to purchase other newspapers, purchase scandals, and make investments on behalf of the company.
Terrus proposes as an alternative that 10% of profits be put into dividends, divided amongst the stockholders, and the rest besides the Editor's salary be kept by the business for business operations (scandals, expansion, etc.).
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Post by terrus on Jun 13, 2014 8:22:49 GMT -5
Terrus withdraws his previous proposal, and instead submits the following:
5. The New York Daily Times will provide dividends to its stockholders at the discretion of the Editor, but will otherwise use all of its profits for salary and operations, and this provision may only be repealed or amended by a vote of 2/3 the stockholders.
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Post by terrus on Jun 14, 2014 18:58:43 GMT -5
The New York Daily Times Company has purchased Scandal #1 from James Terrus on a payment plan. The NYDT will pay Terrus $150 over time, paying no less than $20 per year, until the full amount is paid.
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Post by jgonieal on Jun 15, 2014 10:36:25 GMT -5
Counter Proposal. 30% in dividends, 70% for Operations. Can be changed by a 2/3's majority
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Post by terrus on Jun 15, 2014 11:10:03 GMT -5
How about we compromise on an even 20%? We can say the same for the editor, leaving the paper 60% of its profits for operations.
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Post by jgonieal on Jun 15, 2014 16:02:04 GMT -5
works for me
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Post by terrus on Jun 15, 2014 16:14:12 GMT -5
Proposals, then (removing salary; Swaim might not even take one depending on how much the paper makes):
1. A proposal formally granting the Editor the powers of Chairman of the Board and President of the New York Daily Times, allowing the Editor complete control of the day-to-day operations of the corporation. 2. A proposal ending annual votes of confidence in the Editor, and instead providing for the Editor to serve until resignation, death, or removal by Vote of No Confidence (requiring support of 2/3 of shareholders). Whenever a vacancy in the Editorship existed, the stockholders would vote to elect a new Editor with journalistic staff temporarily operating the paper until that time. 3. A proposal to provide dividends to stockholders equivalent to 20% of profits, and this provision may only be repealed or amended by a vote of 2/3 the stockholders.
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Post by terrus on Jun 17, 2014 7:44:56 GMT -5
Swaim: There will now be a vote upon each of the following proposals, which will take effect for 1790 (but not 1789): 1. A proposal formally granting the Editor the powers of Chairman of the Board and President of the New York Daily Times, allowing the Editor complete control of the day-to-day operations of the corporation. 2. A proposal ending annual votes of confidence in the Editor, and instead providing for the Editor to serve until resignation, death, or removal by Vote of No Confidence (requiring support of 2/3 of shareholders). Whenever a vacancy in the Editorship existed, the stockholders would vote to elect a new Editor with journalistic staff temporarily operating the paper until that time. 3. A proposal to provide dividends to stockholders equivalent to 20% of profits, and this provision may only be repealed or amended by a vote of 2/3 the stockholders.
Furthermore, there will now be a vote on whether to retain me as Editor.
Voting will last until both stockholders have voted.
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Post by terrus on Jun 17, 2014 7:45:21 GMT -5
Terrus votes in favor of all three proposals.
Terrus votes in favor of Swaim's retention.
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Post by jgonieal on Jun 19, 2014 12:00:40 GMT -5
Clay votes in favor of all three proposals.
Clay votes in favor of Swaim's retention.
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