This particular CC+ license would be feasible when the product sold contains only one of these types of works in its makeup. But in the instance where something is created out of 200 of these works and sold as an integrated whole the cumulative royalty rate would be 4000% of sales.
Any solutions to this?
Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoatnt tihng is taht the frist and lsat ltteer be in the rghit pclae. The rset can be a taotl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe.
The author of the article missed a key point: the Greenshoe - where the underwriters get options to buy shares directly from the company at the IPO "offering price", which is set by the underwriters. The stated reason for this is that in case the underwriters underestimate the demand for the shares they will be able to buy more shares from the company to satisfy this demand.
But the Greenshoe has become hugely abused by investment bankers by overselling IPO's by 2-10 times the number of shares being offered even though they know the shares available from the greenshoe options will only cover a very small percentage of this. The investment bankers figured out that if they vastly underpriced the IPO "offering price" that those options instantly become hugely profitable. By doing this, the money that investment bankers make on their greenshoe options on HOT IPOs can be even bigger than the embarrassingly high underwriting commissions. But don't expect the bankers to tell you this because they are not required to disclose greenshoe profits.
A Dutch Auction does not leave a place for greenshoe options. If demand is higher at a given price than the number of shares the company wants to sell then the IPO price is increased until this lower priced demand is choked off. So if Dutch auctions take off and become the new standard for IPO's then investment bankers can kiss greenshoe profits goodbye forever.
Its not just loosing the ability to bribe CEO's with allocations of IPO shares that is at stake here, but also a large portion of the investment banker's profit incentive for bribing CEO's to get IPO business.
True True, after the incident has been fixed remind the company that it now has a programer with $1 million of training (painful as it was). Then, next year when this doesn't happen again, claim to have been the source for $1 million in cost reductions versus the prior year!
I've got this other friend. He also doesn't own a computer. He just happened to call me this morning to give me the following web sites just in case someone on slashdot was looking to buy some shutter glasses 3d porn.
If your friend does happen buy these, please tell him to tell you so you can tell me how good they were so I can tell my friend because he wants to know.
Slashdot Mirror
This particular CC+ license would be feasible when the product sold contains only one of these types of works in its makeup. But in the instance where something is created out of 200 of these works and sold as an integrated whole the cumulative royalty rate would be 4000% of sales. Any solutions to this?
Aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in a wrod are, the olny iprmoatnt tihng is taht the frist and lsat ltteer be in the rghit pclae. The rset can be a taotl mses and you can sitll raed it wouthit porbelm. Tihs is bcuseae the huamn mnid deos not raed ervey lteter by istlef, but the wrod as a wlohe.
The Playstation 3 will now now be released as a personal computer with television adaptor, gamepad, and proprietary operating system.
The author of the article missed a key point: the Greenshoe - where the underwriters get options to buy shares directly from the company at the IPO "offering price", which is set by the underwriters. The stated reason for this is that in case the underwriters underestimate the demand for the shares they will be able to buy more shares from the company to satisfy this demand.
But the Greenshoe has become hugely abused by investment bankers by overselling IPO's by 2-10 times the number of shares being offered even though they know the shares available from the greenshoe options will only cover a very small percentage of this. The investment bankers figured out that if they vastly underpriced the IPO "offering price" that those options instantly become hugely profitable. By doing this, the money that investment bankers make on their greenshoe options on HOT IPOs can be even bigger than the embarrassingly high underwriting commissions. But don't expect the bankers to tell you this because they are not required to disclose greenshoe profits.
A Dutch Auction does not leave a place for greenshoe options. If demand is higher at a given price than the number of shares the company wants to sell then the IPO price is increased until this lower priced demand is choked off. So if Dutch auctions take off and become the new standard for IPO's then investment bankers can kiss greenshoe profits goodbye forever.
Its not just loosing the ability to bribe CEO's with allocations of IPO shares that is at stake here, but also a large portion of the investment banker's profit incentive for bribing CEO's to get IPO business.
True True, after the incident has been fixed remind the company that it now has a programer with $1 million of training (painful as it was). Then, next year when this doesn't happen again, claim to have been the source for $1 million in cost reductions versus the prior year!
Having spend 10 years as an energy anaylst for several international investment banks, I agree 100% with your post fishybell.
I've got this other friend. He also doesn't own a computer.
He just happened to call me this morning to give me the following web sites just in case someone on slashdot was looking to buy some shutter glasses 3d porn.
http://lustpalace.com/cgi-bin/lustpalace/3d.html
http://www.adult3ddvd.com/home.asp
If your friend does happen buy these, please tell him to tell you so you can tell me how good they were so I can tell my friend because he wants to know.