The May Report: 9/20/2011: Motorola Mobility CEO Jha getting $66 mil. in Google deal; New World Ventures portfolio company, Zinch, sold to Chegg; Facebook ‘app economy’ has created more than 182,000 jobs, study says; I sure hope that MIT-EF is not heading down the wrong path by effectively doubling its membership fee and more….

Editor and publisher: Ron May, ron@themayreport.com, ronaldmay@aol.com, www.themayreport.com , 773-525-3944.

If you missed an article, go here: www.tmronline.com/A55951/tmrarticles.nsf/vwFullNewsletter

Louis Brandeis: “Publicity is justly commended as a remedy for social and industrial diseases. Sunlight is said to be the best of disinfectants.”
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(Formerly the VoIP Conference)
Featuring – VoIP, Video, Mobility, Web, Grid, and more
October 4-6 at Illinois Institute of Technology in Wheaton

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Join us for the multi-track Real-Time Communications Conference with 2-3 day options that includes 50+ speakers, 200+ attendees, 100+ participating organizations, 30+ sponsors, tutorials (SIP or NG 9-1-1), keynotes, panel discussions, networking opportunities, lunches, and a cocktail party.

Speakers from: Google, Skype, Microsoft, Nokia, Motorola, Alcatel-Lucent, Cisco, and Martin Cooper (innovator of the cell phone), and others
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Sponsor: $500-$2,500 with exhibit table and 2 free attendees
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_______________________
TABLE OF CONTENTS

The Scoop section:

– Uh oh, after all that time checking the facts on Sunday night, we had a key fact wrong: There was no offer from Lightbank for ViaTask!
– Dave McMurray, this is what happens when I sit on things. Kevin Willer mentioned Narrative Science and I have a whole paragraph or two on it in my now aging write-up of our breakfast interview on August 12th at The Bagel. I could have beaten the NYT by more than a month and now I am following them!
– Facebook ‘app economy’ has created more than 182,000 jobs, study says
– Announcement last week about a New World Ventures portfolio company, Zinch, that sold to Chegg
– NYTimes.com: DealBook: Groupon Back on Track for Its I.P.O.
– MIT Enterprise Forum Chicago September 2011 Event
– Facebook puts off IPO until late 2012 – FT.com
– Motorola Mobility CEO Jha getting $66 mil. in Google deal
– Wednesday, September 21: Social Media Club Chicago invites you to Taste of Social Media Served up SMCChicago Style
– Robot Jeopardy Champ Graduates Med School
– Big Changes for Fall and Social Media Week 2011
– Obama’s Solyndra scandal reeks of the Chicago Way
– SEC Launches New Whistleblower Program Intended to Reward Employees Who Act Early to Provide Information that Might Expose Violations of Federal Securities Laws
– Saper Law at Social Media Week – September 19-23, 2011
– Miscellaneous notes including one from my 90 year old Uncle Sid who is far more tech savvy than I am — of course the average five year old is more tech savvy than I am (6 messages)

[Editor's note: May here. I have been sick since yesterday afternoon and sadly, I did not make it down to the FFF Elevation Presentation. i am now leaving for dialysis. Nancy, Nancy, Nancy. What the heck are you doing? You are effectively doubling the membership fees for MIT-EF by adding a $10 per meeting surcharge for each meeting, even for members. You moved the first meeting of the year to Monday and you may not be familiar with the Jewish calendar but the Jewish New Year does not start until next Thursday which means Wednesday evening so Tuesday night was possible. According to David Brown at Ungaretti & Harris, with whom I spoke yesterday, UH is happy to continue their sponsorship. As David explained, MIT-EF got a good offer from the IBM Innovation Center and it is better lit with much more space.

Now Chris Sweis is on my case about Groupon. I don't know if the figures he quotes are accurate but the founders took $830MM out of $950MM in the Russian VC money. Sweis says that people on Wall Street and in the Valley say that Groupon is effectively a legal Ponzi scheme. Continuously take out the old money and replace it with new money which is in this case the IPO. And what's the story about Andrew Mason and a Bentley?

But Chris if I were you, I would be more worried about Google's new app allowing people to pay with their smart phone, Sprint 4G, instead of credit cards.

I got a note asking what is happening at Total Attorneys. But it did not say what is happening there. So what's up?]
______________________________
The Scoop section:
_______________________
Uh oh, after all that time checking the facts on Sunday night, we had a key fact wrong: There was no offer from Lightbank for ViaTask!

Fwd: Clarify (Shahed Khan)

X

Inbox
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ReplyReply
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Paul Lee paul@lightbank.com to me

show details 12:21 PM (18 minutes ago)

from Paul Lee paul@lightbank.com
to “ron@themayreport.com”
date Tue, Sep 20, 2011 at 12:21 PM
subject Fwd: Clarify (Shahed Khan)
Important mainly because of the people in the conversation.

hide details 12:21 PM (18 minutes ago)

Ron,

FYI, not sure if Shahed contacted you with information below but any speculation that Lightbank offered any terms to Viatask is untrue.

Paul Lee
@ipaullee

Begin forwarded message:

> From: Shahed Khan
> Date: September 19, 2011 9:42:16 AM CDT
> To: Paul Lee > Subject: Re: Clarify
>
> This is not true….emailing them now.
>
>
> Best Regards,
> Shahed Khan
> CEO/Co-founder | Viatask
> http://www.Viatask.com
> Twitter: @Shahedkhan30 | @Viatask
>
>
>
> On Mon, Sep 19, 2011 at 6:49 AM, Paul Lee wrote:
>
> Shahed,
>
> I understand there’s a rumor from Ron May that we offered to invest $750k in Viatask?
>
> Can you correct that rumor before I have to contact him?
>
> Paul Lee
> @ipaullee
> 312-834-3522
__________________________________
Dave McMurray, this is what happens when I sit on things. Kevin Willer mentioned Narrative Science and I have a whole paragraph or two on it in my now aging write-up of our breakfast interview on August 12th at The Bagel. I could have beaten the NYT by more than a month and now I am following them!

re: NYT article on Narrative Science

X

Inbox
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dave mcmurray loslobos416@yahoo.com to me

show details 10:10 AM (2 hours ago)

from dave mcmurray loslobos416@yahoo.com
to ron@themayreport.com
date Tue, Sep 20, 2011 at 10:10 AM
subject re: NYT article on Narrative Science
mailed-by yahoo.com
signed-by yahoo.com
Important mainly because of the people in the conversation.

hide details 10:10 AM (2 hours ago)

Hi Ron -

In case you may have missed it, interesting article on a local start – up that’s been under the radar somewhat:

www.nytimes.com/2011/09/11/business/computer-generated-articles-are-gaining-traction.html?pagewanted=all

Dave McMurray
________________________________
Facebook ‘app economy’ has created more than 182,000 jobs, study says

tinyurl.com/66p2e5y

Technology
The business and culture of our digital lives,
from the L.A. Times
Facebook ‘app economy’ has created more than 182,000 jobs, study says
September 19, 2011 | 9:05 pm

increase text size decrease text size
4
110

Facebook app The Dark Knight

Facebook apps and mobile apps on smartphones and tablets have, according to the University of Maryland, given rise to a new industry that it calls the “app economy.”

And the app industry is one of the few segments of the overall economy that is seeing rapid growth, the University says in a new study put together by professors at the university’s Smith School of Business.

Their study, called “The Facebook App Economy,” said at least 182,000 new jobs have been created by businesses in the U.S. making apps specifically for Facebook, the world’s most popular social network with more than 750 million users.

The University of Maryland study also said its economic models for coming up with its employment estimates for the Facebook app economy has generated a value about $12.19 billion in wages and benefits for U.S. workers.

But those estimates are on the conservative side, the university said in its study.

“Using more aggressive estimates, the Facebook App Economy created 235,644 jobs, adding a value of $15.71 billion dollars to the U.S. economy,” the study said.

The businesses in the app economy, however, aren’t just made up of companies that make game apps, or sharing apps, or news reading apps, or apps to buy laundry detergent and other goods though Facebook. The app economy also includes “businesses that supply app developers,” which in doing business with app makers have themselves added “between 129,000 to more than 182,000 people” to “jobs supported by the app economy,” the study said.

These peripheral jobs have an estimated value of about $12.19 billion to as much as $15.71 billion to the U.S. economy, the study said.

The study also forecasts that more growth from app-making firms is on the way.

“Our findings confirm that social media platforms have created a thriving new industry,” Il-Horn Hann, co-director of the University of Maryland’s Center for Digital Innovation, Technology and Strategy and an information systems professor, said in a statement. “As Facebook and other platforms grow, we will continue to see job growth and the ripple effects of these advances in the U.S. economy.”

Check out Hann talking about his study in a video produced by the University of Maryland below.

RELATED:

Report: Facebook delays IPO until late 2012

AP’s iCircular puts Sunday coupons in Times app, mobile site

Larry Page MIA on Google+, Facebook’s Mark Zuckerberg popular

– Nathan Olivarez-Giles

Twitter.com/nateog

Image: A screen shot of a Warner Bros. app that allows users to watch “The Dark Knight” on Facebook. Credit: Facebook
______________________________
Announcement last week about a New World Ventures portfolio company, Zinch, that sold to Chegg

Subject: Re: Steve, what’s the difference between The Pritzker Group & NewWorld Ventures?
Date: 9/17/2011 3:26:17 P.M. Central Daylight Time
From: scollens@Pritzkergroup.com
To: RONALDMAY@aol.com

Ron,

New World Ventures is a piece of The Pritzker Group, a 10-year old investment firm run by J.B. Pritzker and his brother, Tony. In addition to New World, the firm runs a group of private companies. We have a website with more info at www.pritzkergroup.com.

While you’re on the subject of New World — you might want to check out the announcement this week about a New World Ventures portfolio company, Zinch, that sold to Chegg — www.pehub.com/118820/chegg-buys-venture-backed-zinch/. A really nice win for Chris Girgenti and the New World team after only two years.

Steve

Steven Collens
Senior Vice President
The Pritzker Group
111 S. Wacker Drive, Suite 4000
Chicago, Illinois 60606
(312) 447-6000

Follow New World Ventures:
[cid:57581B5F-C769-4204-B576-5DE1D3185B0B] [cid:5168FAE7-7317-4F3D-8856-345CA3BAFCDF] [cid:C392A07D-68E7-4510-B950-9F70E7349DB3]

From: “RONALDMAY@aol.com” <RONALDMAY@aol.com>
Date: Fri, 16 Sep 2011 00:13:45 -0500
To: Steven Collens <scollens@pritzkergroup.com>
Cc: “ronaldmay@aol.com” <ronaldmay@aol.com>
Subject: Steve, what’s the difference between The Pritzker Group & New World Ventures?
___________________________________
NYTimes.com: DealBook: Groupon Back on Track for Its I.P.O.

NYTimes.com: DealBook: Groupon Back on Track for Its I.P.O.

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jrdallasjr@hillviewpartners.com to me

show details 11:29 AM (10 hours ago)

from jrdallasjr@hillviewpartners.com
reply-to jrdallasjr@hillviewpartners.com
to ron@themayreport.com
date Thu, Sep 15, 2011 at 11:29 AM
subject NYTimes.com: DealBook: Groupon Back on Track for Its I.P.O.

hide details 11:29 AM (10 hours ago)

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The New York Times E-mail This
This page was sent to you by: jrdallasjr@hillviewpartners.com

Message from sender:
Ron, you and others ask if I am still bullish on Groupon. Yes. Yes, I am. Those of us with decades of experience participating in and observing early stages of any ramp-up to an IPO see more freshness than risk in any reported alleged missteps to date. This New York Times piece is valuable. -JD

BUSINESS DAY | September 14, 2011
DealBook: Groupon Back on Track for Its I.P.O.
By EVELYN M. RUSLI and MICHAEL J. DE LA MERCED
After a postponement to resolve an S.E.C. issue, the online coupon company hopes to go public as soon as October.

Copyright 2011 The New York Times Company | Privacy Policy
+++++++++++++++++++++++++++++++++++

dealbook.nytimes.com/2011/09/14/groupon-back-on-track-for-its-i-p-o/?emc=eta1

September 14, 2011, 10:30 pm I.P.O./Offerings
Groupon Back on Track for Its I.P.O.
By EVELYN M. RUSLI and MICHAEL J. DE LA MERCED
Andrew Mason, Groupon’s chief executive.Seongjoon Cho/Bloomberg NewsAndrew Mason, Groupon’s chief executive.

Groupon is planning to put its initial public offering back on track even as markets remain rocky.

After postponing presentations to potential investors early this month, the online coupon giant is now aiming to go public in late October or early November, according to people briefed on the matter. That would mean that Groupon could embark on its investor roadshow by the middle of next month, these people said.

The restart on the I.P.O. process is being driven in part by a resolution between the company and the Securities and Exchange Commission over a memo from Groupon’s chief executive to employees that promoted the company’s business performance, the people said. The memo soon became public, raising concerns that the company had violated S.E.C. rules restricting corporate information before an offering to its prospectus.
Article Tools

But the biggest reason for the changes in Groupon’s timing has been the volatility in stocks in recent weeks. While the company now appears to feel more confident about going forward with an offering, another round of market gyrations could again delay its roadshow and stock sale, said the people briefed on the matter, who were not authorized to speak publicly.

Already a number of companies have chosen to delay their offerings given the current market, including the International Automotive Components Group, a car parts maker controlled by the billionaire investor Wilbur L. Ross.

Other companies’ plans remain in flux. Facebook, the social networking giant, whose potential for a public offering is the stuff of breathless speculation, has yet to nail down a plan. The company is still planning to go public in the first half of next year, people close to the matter said on Wednesday, even as The Financial Times reported that the offering will most likely be pushed to late 2012.

Swings in the market endanger the stable pricing that companies and their bankers look for to reap the highest proceeds from their stock sales. Coupled with a broader slump in the market – the Standard & Poor’s 500-stock index has fallen 7.7 percent over the past three months – the landscape has become much tougher for equity offerings.

Already this year, companies that began their newly public lives buoyed by investor interest have since seen their stock gains fade. Shares of Renren, a Chinese social networking company, have fallen 52 percent below their $14 offer price. And shares of Demand Media, a big online content producer, have slipped 55 percent below their $17 offer price.

Of the 97 companies that have gone public in the United States this year, 64 percent of them now trade below their offer price, according to data from Thomson Reuters.

Still, Groupon has overcome one potential hurdle to its I.P.O. The leaked memo from its chief executive, Andrew Mason, had threatened to complicate the company’s discussions with the S.E.C. over its prospectus.

The questions about the leaked internal memo arose during the S.E.C.’s review of the Groupon prospectus. The agency regularly oversees the filings of companies seeking to go public, seeking to prevent improper stock promoting. The S.E.C. had previously expressed concerns about a pro forma accounting measure Groupon had presented in an earlier version of its prospectus. After questions about whether the metric misleadingly showed Groupon to be profitable, the company removed references to it in a revised securities filing.

The incident over the leaked memo was somewhat similar to one in 2004 involving Google, which appeared to violate S.E.C. quiet-period rules before its I.P.O. when its founders, Larry Page and Sergey Brin, gave an interview to Playboy magazine. And the possible solution may be similar as well: Groupon could file another revision to its prospectus, which would include at least parts of Mr. Mason’s memo and additional details that support its assertions. Those could include some August performance figures. (Google was required to amend its prospectus to include the magazine interview.)

Less than three years old, Groupon has become one of the darlings of the new generation of Internet companies, and its initial offering is almost as eagerly awaited as that of Facebook. The company, which signs up local merchants to offer daily deals, has reported eye-popping growth in its revenue and subscriber rolls.

That has pushed its valuation ever higher, with some people close to the company estimating that it could fetch $25 billion to $30 billion in the I.P.O.

At the same time, the company has come under fire from some retailers and analysts who are skeptical about its ability to sustain its growth rate. Groupon’s growth has slowed in recent months as the company has gotten bigger,

But Groupon still reported enviable results in its second quarter, including a 36 percent gain in net revenue, to $878 million.
__________________________________
MIT Enterprise Forum Chicago September 2011 Event

MIT Enterprise Forum Chicago September 2011 Event
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Reply |MIT Enterprise Forum Chicago nancy@knowledgeshift.net via mail2.clubexpress.com to me
show details Sep 15 (3 days ago)

fromMIT Enterprise Forum Chicago nancy@knowledgeshift.net via mail2.clubexpress.com
toron@themayreport.com

dateThu, Sep 15, 2011 at 11:36 AM
subjectMIT Enterprise Forum Chicago September 2011 Event
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September 2011 Event – Future of the Office – How Technology Will Change the Way We work

September 26th 5:30-8:30 pm

We invite you to our first event of the 2011/2012 season and boy do we have some great programs in store for you!

Kicking this year off with The Future of the Office our panel of experts will provide us with a peak at what our work environments will be like in the future.

Whether it’s the way you collaborate with co-workers, customers and partners— or doing away with cubicles and office layouts, technology plays a large part on what will shape the way we work in a very short time period.

We will also be making several announcements including our new relationship with the Global MIT Enterprise Forum and Technology Review, membership changes/benefits and our goals for continuing to support the entrepreneurial community of Chicago.
Panelist Participating From:

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One note for our members, we will now be charging a nominal $10 fee for each meeting to help defray costs of hosting these events. Be sure to register early, this fee increases to $20 the day of the event.
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Facebook puts off IPO until late 2012 – FT.com

Facebook puts off IPO until late 2012 – FT.com
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Reply |Brian Connolly bconnolly@furthermore.com to me
show details Sep 14 (3 days ago)

fromBrian Connolly bconnolly@furthermore.com
toron@themayreport.com

dateWed, Sep 14, 2011 at 3:10 PM
subjectFacebook puts off IPO until late 2012 – FT.com
Important mainly because of the people in the conversation.

hide details Sep 14 (3 days ago)

www.ft.com/intl/cms/s/2/2b842146-dec3-11e0-a228-00144feabdc0.html#axzz1XxYMq9cQ

__________________________
Motorola Mobility CEO Jha getting $66 mil. in Google deal

Motorola Mobility CEO Jha getting $66 mil. in Google deal | Technology | Crain’s Chicago Business
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Reply |Brian Connolly bconnolly@furthermore.com to me
show details Sep 14 (3 days ago)

fromBrian Connolly bconnolly@furthermore.com
toron@themayreport.com

dateWed, Sep 14, 2011 at 3:21 PM
subjectMotorola Mobility CEO Jha getting $66 mil. in Google deal | Technology | Crain’s Chicago Business
Important mainly because of the people in the conversation.

hide details Sep 14 (3 days ago)

www.chicagobusiness.com/article/20110914/NEWS08/110919941/motorola-mobility-ceo-jha-getting-66-mil-in-google-deal

Reply Forward
______________________________
Wednesday, September 21: Social Media Club Chicago invites you to Taste of Social Media Served up SMCChicago Style

Subject: Social Media Club Chicago invites you to Taste of Social Media Served up SMCChicago Style… (Sep 21, 2011)
Date: 9/17/2011 8:18:45 A.M. Central Daylight Time
From: invite@eventbrite.com

Hello Ron,

You are invited to the following event:

Taste of Social Media Served up SMCChicago Style (Social Media Week)

Wednesday, September 21, 2011 from 3:00 PM to 4:30 PM (CT)

ITA (TechNexus)
200 S. Wacker
15th Floor
Chicago, IL

View Map

Social Media Week event: A Taste of Social Media Served Up SMCChicago Style SMC Chicago launched in October 2008, One of over 300 local Social Media Club chapters, SMC Chicago ranks in the top 5. Attend this session to find out who’s who on the…
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Share this event on Facebook and Twitter

We hope you can make it!

Cheers,
Social Media Club Chicago

This email was sent by Eventbrite. Anyone can use Eventbrite to spread the word, collect money, and track RSVPs for an event. you can too
Click here to unsubscribe from events by “Social Media Club Chicago.”
________________________________
Robot Jeopardy Champ Graduates Med School

Robot Jeopardy Champ Graduates Med School
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Reply |Lindsay Rafayko lrafayko@empowerpr.com to me
show details Sep 14 (3 days ago)

fromLindsay Rafayko lrafayko@empowerpr.com
to”ron@themayreport.com”

dateWed, Sep 14, 2011 at 3:28 PM
subjectRobot Jeopardy Champ Graduates Med School
mailed-byempowerpr.com
Important mainly because of the words in the message.

hide details Sep 14 (3 days ago)

Robot Jeopardy Champ Graduates Med School
IBM reprograms the ‘Watson’ supercomputer to diagnose complex human illness

Americans across the country gasped early this year when IBM’s artificially intelligent computer system dubbed ‘Watson’ defeated two naturally intelligent human beings in a series of Jeopardy! matches. Weeks later Watson added insult to injury again claiming victory in an exhibition episode of the game show… over five members of Congress… combined. Apparently, Watson’s relentless desire to humiliate our species has yet to be satisfied. Karl Volkman of Chicago-based SRV Networks explains how the world’s most conceited robot could give one of our most important professions a run for its money. These upgrades are giving the tech world Watson fever, no diagnosis necessary:

Instant Diagnosis – If IBM and their new partner WellPoint Inc., insurance are right, the new and improved Watson will be able to analyze a patient’s symptoms and calculate a diagnosis in less than three seconds. Consider it Web MD on anabolic steroids.

Cancer Treatment – Watson’s most valuable role within the medical field may be his mission to revolutionize our understanding of cancer when select treatment centers across the country begin tapping his capabilities. Experts deny that Watson could eliminate the physician altogether but emphasize his potential to expedite the process of diagnosing cancer patients significantly.

Abundant Resources – In the few seconds it will take for Watson to perform an analysis, he will have referenced roughly 1 million books or 200 million pages of information. We may have given him a run for his money on Jeopardy!, but don’t even think about challenging this robot to a speed-reading contest.

Please contact me if you would like to set up an interview with tech expert Karl Volkman.

Best,

Lindsay

About SRV Network, Inc: SRV Network, Inc. is Microsoft Gold Certified partner that offers a variety of IT services, including a variety of flexible service packages that meet any client requirement, from as-needed technical help to intensive, regular on-site work. They work with all technology platforms and have a broad expertise in a wide variety of technology solutions. They specialize in Network Design and Implementation, Network Maintenance and Monitoring, Disaster Recovery and Prevention and IP Telephony.

Lindsay Rafayko
Empower Public Relations | Senior Publicist
625 N. Michigan Avenue
Suite 2500
Chicago, IL 60611
O: (312) 854-8819
C: (312) 316-3840
LRafayko@empowerpr.com
www.empowerpr.com
______________________________________
Big Changes for Fall and Social Media Week 2011

Big Changes for Fall and Social Media Week 2011
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Reply |Nicholas Kinports nick@lonelybrand.com to me
show details Sep 14 (4 days ago)

fromNicholas Kinports nick@lonelybrand.com
toThe May Report

dateWed, Sep 14, 2011 at 12:14 PM
subjectBig Changes for Fall and Social Media Week 2011
mailed-bylonelybrand.com
Important mainly because of the people in the conversation.

hide details Sep 14 (4 days ago)

Dear Ron,
I really enjoy Fall in Chicago. The leaves change, the temperature becomes bearable and I feel better about spending my days sitting behind my desk writing to you.
As it happens things are moving quickly here at lonelybrand. We’re working with some amazing new brands. In the last 30 days we’ve added one of the world’s largest digital marketing companies, a fantastic premium consumer brand and a publicly traded B2B software as a service giant to our roster.
While all this was going on we launched our new blog at www.lonelybrand.com/blog, grew our Facebook presence at www.facebook.com/lonelybrand and hired some great new team members. If you want to throw your hat into the ring for upcoming positions at lonelybrand just respond to this email and I’ll put you on our job notification list.
Speaking of good news, we’re back in the industry spotlight with Social Media Week Chicago coming up September 19-23. Sessions wil run the gamut of current social media topics, from transforming an outdated brand to Google+. For the schedule of events, registration info and live updates check out our Social Media Week 2011 Facebook tab at www.facebook.com/lonelybrand
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Want to talk about what we’re working on over here or how to refresh your digital communications program for Fall? Reply to this email and I’ll make the time. If you’re in town for Social Media Week Chicago, let me know so we can meet up.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Nicholas E. Kinports
Digital Strategy Lead, Founder
E-mail: nick@lonelybrand.com
Direct: 312-880-7506
LinkedIn: View my profile www.linkedin.com/in/nkinports
Twitter: @ADMAVEN twitter.com/admaven
lonelybrand
118 W. Kinzie, Floor 2
Chicago, IL 60654
__________________________________
Obama’s Solyndra scandal reeks of the Chicago Way

Subject: Obama’s Solyndra scandal reeks of the Chicago Way
Date: 9/18/2011 11:38:29 A.M. Central Daylight Time
From: ronaldmay@aol.com
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Obama’s Solyndra scandal reeks of the Chicago Way
——————–

Those of us from Chicago know exactly what the Solyndra scandal smells like. And It doesn’t smell fresh and green.

John Kass

September 18 2011

The Solyndra scandal cost at least a half-billion public dollars. It is plaguing President Barack Obama. And it’s being billed as a Washington story.

The complete article can be viewed at:

www.chicagotribune.com/news/columnists/ct-met-kass-0918-20110918,0,3951633.column

Visit chicagotribune.com at www.chicagotribune.com
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SEC Launches New Whistleblower Program Intended to Reward Employees Who Act Early to Provide Information that Might Expose Violations of Federal Securities Laws

SEC Launches New Whistleblower Program Intended to Reward Employees Who Act Early to Provide Information that Might Expose Violations of Federal Securities Laws
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Reply |Anthony Marion amarion@dykema.com via bounce.exacttarget.com to me
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fromAnthony Marion amarion@dykema.com via bounce.exacttarget.com
toron@themayreport.com

dateTue, Sep 13, 2011 at 3:03 PM
subjectSEC Launches New Whistleblower Program Intended to Reward Employees Who Act Early to Provide Information that Might Expose Violations of Federal Securities Laws
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SEC Launches New Whistleblower Program With High Rewards for Tips
and Creates Private Right of Action for Whistleblower Retaliation
September 13, 2011
The SEC recently adopted rules to support the whistleblower program, implemented under Section 922 of the Dodd-Frank Act, that rewards individuals who voluntarily provide the agency with original information that leads to successful enforcement actions. The program includes the SEC’s new webpage for people to report a violation of the federal securities laws and apply for a financial award at www.sec.gov/whistleblower. Internal reporting is not required for the whistleblower to obtain a reward, which may be between 10-30% of the penalties levied.
General Description of the Whistleblower Rules:
To be considered for an award, generally the rules require that a whistleblower must:
Voluntarily provide the information to the SEC before the government asks for it directly from the whistleblower.
Provides original information based upon the whistleblower’s independent knowledge or independent analysis, not already known to the Commission and not derived exclusively from certain public sources.
That leads to the successful enforcement by the SEC of a federal court or administrative action. A whistleblower’s information can be deemed to have led to a successful enforcement action if, among other ways, the information is sufficiently specific, credible and timely to cause the Commission to open a new examination or investigation, reopen a closed investigation, open a new line of inquiry in an existing examination or investigation, or significantly contributes to the success of an action if the conduct was already under investigation when the information was submitted.
In which the monetary sanctions collected in actions brought by the SEC and related actions brought by other regulatory and law enforcement authorities exceed $1 million.
The Act also provides a means for submitting tips anonymously through an attorney.
Prohibition Against Retaliation and Private Right of Action:
The Dodd-Frank Act also creates a private right of action for whistleblowers who have suffered retaliation related to certain whistleblower activities. Remedies for the person bringing the private action may include reinstatement, double back pay with interest, litigation costs, and attorney’s fees. In contrast to Sarbanes-Oxley, a plaintiff need not exhaust his administrative remedies before bringing a claim in federal court.
Other provisions of Dodd-Frank increase protections for whistleblowers in the financial services industry, expand protections under the False Claims Act and provide protection for whistleblowing to the Commodities Futures Trading Commission.
Strategies that address and plan for situations that could arise under the above-discussed law are likely to involve multiple legal disciplines, all of which Dykema provides. For more information on the SEC’s new whistleblower program, or to discuss potential matters, we suggest you initially contact members of Dykema’s White Collar Crime and Internal Investigation team, as listed below.
James S. Brady
616.776.7550
jbrady@dykema.com Sheryl L. Toby
248.203.0522
stoby@dykema.com Christopher M. Miller
313.568.5316
cmiller@dykema.com Mark J. Magyar
616.776.7523
mmagyar@dykema.com
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Saper Law at Social Media Week – September 19-23, 2011

Saper Law at Social Media Week – September 19-23, 2011
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Mark your Calendars!
Dear May ,

Next Monday marks the beginning of Social Media Week. Far more than just a (free) conference, Social Media Week offers a global perspective on emerging trends in social and mobile marketing. In addition to the 50 + events taking place in Chicago, simultaneous Social Media Week events will be taking place in Beirut, Berlin, Buenos Aires, Bogota, Glasgow, Los Angeles, Milan, Moscow, Rio de Janeiro, Sao Paulo and Vancouver.

Daliah Saper is on the Advisory Board of Social Media Week Chicago, and will be presenting on three different legal issues related to social media. The first deals with social media policies, employment laws, and employee rights to privacy, the second focuses on online defamation and managing on online reputation, and the third highlights the new FTC disclosure rules as they relate to blog posts and other social media. Daliah will be presenting with some other high level CEOs and representatives from interesting social media related organizations. To read more details and to register, click on the links below:

Your Friends or Mine? Does your company have a say in your Social Network?
Monday, September 19th 3:00 PM

You have a Facebook page that you use for both work associates as well as your personal friends, and you occasionally post work-related things there. If you leave your company, are they going to try to take your Facebook account away?
You built up your LinkedIn business connections and are proud to have over 5,000 contacts, at least half of them gotten after your company paid for a professional subscription. When you decide to quit your job and join another firm, would you be surprised if your former employer tried to gain control of your account?
You use Twitter to write personal things to your friends, but one day you gripe about having to work outrageous hours for your employer on a new business pitch to The NoName Company. You mention that your client there is a total witch. Is your speech is protected or should you worry that you will get fired or sued?
Ask Daliah Saper, attorney and principal at Saper Law Offices about what to do in these scenarios. Daliah will also touch on the legal issues around Intellectual Property: copyrights, trademarks, trade secret protection, technology and software protection.

Location: TribuneTower, 435 North Michigan Avenue, McCormick’s Office (24th floor Conference room)
Cost: Entrance is free with registration.

They Said WHAT?! How to Manage Your Online Reputation and Tackle Defamation Online
Tuesday, September 20th 9:00 AM

New online tools and popular social networking sites allow for greater collaboration, exchange of ideas, and, of course, the quick and easy dissemination of information to a wide network of people. However, people can use some of these sites to spread false or defamatory statements that cause harm to individuals or their businesses, leaving those on the receiving end feeling helpless. Given the inherent lack of control, it’s critical that websites have a responsible system in place to ensure users who are seeking to “vent” or divulge inside information about employers, employees, organizations, and even ex girlfriends or boyfriends are not successful.
The first half of the seminar will be led by Daliah Saper, Principal Attorney at Saper Law Offices, LLC. Daliah will provide an overview of defamation law and use real world examples of cases she has handled to illustrate the challenges involved with prosecuting or defending online defamation cases.
The second half of the seminar will be led by Mark Britton, CEO of Avvo.com, the largest legal- and health-related Q&A website, where consumers get their questions answered by a community of rated lawyers and doctors. Mark will discuss ways to “own” your online presence. He will give tips on how to maximize positive reviews and respond to negative or lackluster reviews in a responsible way that demonstrates professionalism and willingness to solve problems.
Location: TribuneTower, 435 North Michigan Avenue, Huron Room
Cost: Entrance is free with registration.

Pay Me to Like You: An Overview of The FTC Disclosure Rules as Applied to Social Media
Friday, September 23rd 2:00 PM

It has been over a year since the FTC issued its revisions to the Federal Guidelines Concerning the Use of Endorsements and Testimonials in Advertising. Unfortunately, businesses are still not sure how to properly abide by the new Federal standards and are ignorant of their liability for deceptive advertising. For example, popular apparel company, Ann Taylor, recently received a warning letter from the FTC for its blog-for-gifts program and LegacyLearningCenterscoughed up $250,000.00 to settle with the FTC after the FTC filed a formal complaint against the company.
This seminar seeks to demystify the FTC disclosure rules. Daliah Saper will first provide an overview of the FTC regulations and then introduce Tom Chernaik, CEO of CMP.LY. Thanks to CMP.LY it doesn’t have to be complex or difficult for advertisers to ensure that blog posts, Facebook updates and even Tweets meet disclosure obligations under FTC and soon, FDA, SEC, and other regulations.
Location: TribuneTower, 435 North Michigan Avenue, CampbellHall
Cost: Entrance is free with registration.

Saper Law is an intellectual property, social media, and business law firm with headline grabbing clients and cases. We’re best known for our expertise in handling contract negotiations, drafting complex software, trademark, and copyright licensing agreements, organizing new LLCs or Corporations, and generally serving as outside “inside” counsel to many creative individuals and innovative business organizations. Our litigation practice is equally famous for tackling novel internet or cyberlaw cases as well as traditional cases involving breach of contract, trade secret misappropriation, defamation, trademarks, copyrights, right of publicity, and privacy. Click on the News tab to learn about our media appearances and firm events or announcements. Sign up for our Seminar mailing list, Read what clients are saying about us.
___________________________________
Miscellaneous notes including one from my 90 year old Uncle Sid who is far more tech savvy than I am — of course the average five year old is more tech savvy than I am (6 messages)
++++++++++++++++++++++
#1: Subject: Re: Uncle Sid, you’re on LinkedIn. Send me your full profile which Ican’t view.
Date: 9/16/2011 3:35:21 P.M. Central Daylight Time
From: swasch@gmail.com
To: RONALDMAY@aol.com

Sidney Wasch (swasch@gmail.com) added themselves to your Guest List | Remove them | Block them

Hi Ron,

Hope all is going well with you.

I didn’t put my profile on Linkedin because I wasn’t ready to use it. I’m not sure it’s for me. I spend lots of time on my computer and have all I can do to keep up with the news and other sites that interest me. We keep very active here at the CCRC in which we live.

I do use Skype, especially to communicate with our exchange family in Buenos Aires. Ellen’s daughter, Julia, is currently in Argentina taking part of her junior year abroad so we also talk to her on Skype from time to time..

All best wishes,

Fondly, Sid

On Thu, Sep 15, 2011 at 10:59 PM, wrote:

–
Sidney G. Wasch
941-923-7686
_______________________________
#2: Subject: Re: Dan, I hardly knew ye. What is this about unsubsribing at the
1st report?
Date: 9/14/2011 1:32:47 P.M. Central Daylight Time
From: dansinker@gmail.com
To: RONALDMAY@aol.com

Sorry man, my e-mail inbox is insane.

On Wed, Sep 14, 2011 at 12:47 PM, wrote:
______________________________
#3: Subject: Re: We talked at TechWeek. Just out of curiosity, why are
youunsubscribing?
Date: 9/14/2011 12:48:28 P.M. Central Daylight Time
From: gabel@bigmachines.com
To: RONALDMAY@aol.com

Ron,

I enjoy the newsletter but I am Just trying to minimize the amount of

inbound email and prefer to visit your site online rather than having the

content pushed to my inbox.

Godard

Sent from my iPad

On Sep 14, 2011, at 12:45, “RONALDMAY@aol.com” wrote:
_________________________________
#4: Subject: Re: Emerson, sorry you unsubscribing so fast. I wrote about your firmSept. 9th.
Date: 9/16/2011 10:53:50 A.M. Central Daylight Time
From: emerson@spartzmedia.com
Reply To:
To: RONALDMAY@aol.com

Unsubscribe from what?

Emerson Spartz
CEO
Spartz Media
www.spartzmedia.com
219.363.2461
www.mugglenet.com – The #1 Harry Potter Site
www.givesmehope.com – The #1 Inspirational Site
www.omg-facts.com – The #1 Facts Site

On Fri, Sep 16, 2011 at 10:37 AM, wrote:

7. Spartz (www.spartzmedia.com) run by Emerson Spartz is hiring developers (2-5 years of PhP and strong back-end) and sales people. I believe he said that they have 22 employees now and are bootstrapped.
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#5: Subject: Re: Julie, your website was developed by Doejo, right? What doesGalaist do?
Date: 9/16/2011 8:48:14 A.M. Central Daylight Time
From: julie@juliedarling.com
To: RONALDMAY@aol.com

Good Morning Ron,

I’m a small part of the team at Galaist but don’t have ownership – we are a resource for the event industry.

What’s up? Can I help with anything?

On Thu, Sep 15, 2011 at 11:59 PM, wrote:
______________________________
#6: Subject: Technori Chicago Media Social Invite
Date: 9/8/2011 11:36:01 A.M. Central Daylight Time
From: val@technori.com
To: Val@technori.com

Hi Technori friends,

In case you haven’t heard already, Technori will be on hand at an awesome

media event tomorrow, and we’d love for you to join us at this invite-only

party.

Hosted by Doejo, Chicago Media Social will congregate a compelling mix of

the city’s most innovative media professionals to discuss the state of

journalism in the digital age. There will be plenty of food, drinks, and

talks by local writers including @MayorEmanuel himself, Dan Sinker.

There’s literally no time to wait to RSVP, so reply YES to this email to

attend!

Best regards,
The Technori Team

PS: This will also get you free admission to the public after-party, but

that’s $10, so you may as well come early and take the whole event in.

–
Val
Co-Founder
Technori/SPARK Chicago
M: 217-390-0115
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END OF REPORT