Sunday, July 16, 2006
Zennie on Fieldposition.Com - Talking About The NFL Hedge Fund Scandal
Fieldposition.com is the number one football podcast on Yahoo! Walter Anaruk is the founder and host of Fieldposition, and someone I was introduced to via our own Bill Chachkes.
Walter was kind enough to seek out my view on the NFL Hedge Fund Scandal. The result is a podcast that you can hear with a click here: NFL Hedge Fund Scandal.
This show starts with Walter and Mark's discussion on Reggie Bush and how he will fit into the New Orleans Saints personnel groupings. Mark says that Saints Halfback Deuce McCallister will not be happy with sharing time with Reggie Bush as the season progresses. Walter says that Deuce wants to win.
They then turn to the matter of Ben Rothlisbugger and the Steelers offense, and other topics.
After that, they turn to the NFL Hedge Fund Scandal, and my talk.
On the whole, Fieldposition.com is an entertaining and informative podcast, and it's no wonder that it's number one in its category.
Friday, July 14, 2006
In this video below, the Israel bombing of Beirut Airport is shown behind a discussion of the reason and rationale for the attacks, this one the second. The MSNBC claim is that Israel believes Hezbollah is moving terrorists to Iran. There are videos which claim that Syrah and Iran are financing Hezbollah.
More on this claim soon...
More on this claim soon...
Wednesday, July 12, 2006
Rocketboom - Amanda Congdon Tells More On CNET
I just saw a new article that sheds even more light on what Andrew Baron said to Amanda Congdon and which led to the departure of Congdon from the vlog show.
Amanda still claims that she was fired and that Andrew wanted to reduce her role and ownership.
If this is the case, Andrew's in big legal trouble, shood Amanda sue.
Here's the article.
But in case the link's killed...
Here it is below:
What does it feel like to have all this media frenzy over this breakup and over what your future is?
Well, for this to be very public is kind of jarring. I intended with my video to communicate with the Rocketboom viewers because the situation was being (kept) from them for days. And when I put out the video and Andrew put out the notice on Rocketboom.com that I was headed to Hollywood and that I had quit Rocketboom and all of these untruths, I just had to make it clear what really had happened, and so I posted the information on my blog.
One interesting thing is how fast and how far your response to the "official" news spread. In the past, the tools didn't exist for that to happen.
Exactly, yeah that's what's so exciting--the transparency. The corporations can't run and hide anymore from the facts.
So I'm assuming that this is kind of a long way from what you thought you would be getting into when you responded to that ad on Craigslist to go work for Rocketboom?
Yes, you know, I come from the mainstream side of things, from the acting side of things: theater in New York and commercials. And to jump in online and really become totally immersed in Internet culture has been just a growing experience, and it has changed me in so many ways. And it has been so exciting, and I just love how I can communicate with anyone anywhere in the world and how I can make content with people from anywhere in the world.
What's next for you? What are you going to do?
I don't know. I really honestly don't. I think right now I should probably start looking into all the e-mails that I've gotten. I've gotten, you know, about 2,000 e-mails at this point--a lot of them containing different offers and I haven't even been able to really look at them because I've been so busy with the press. So that will be my very next step.
You still own 49 percent of Rocketboom, right?
Yes. I own 49 percent and it's legally registered with the bank.
So that means you have a stake in its future, and I'm curious, from your perspective, what do you think is next for Rocketboom?
I have no idea. I sincerely wish Andrew the best, and I sincerely hope that he is successful with whomever he chooses as his new face since he seems to only be interested in faces.
What is your reaction to Rocketboom not meeting its commitment to get back up and running Monday?
I'm sorry about that, but I'm not very surprised.
Do you think it was a little ambitious then to try to get things going so quickly?
I think the fact that Andrew thought he could replace me within a few days is just very telling about how he felt about me and my talents and skills.
If you have creativity and you have determination and focus, you can make a good video blog.
Do you think you and Andrew can ever patch things up?
If Andrew is interested in working as business partners and is willing to straighten out a lot of the misinformation he has continued to spread online over the last few days, then maybe we could talk. But it would have to be a business relationship only. I don't think that we could ever be friends.
Do you think your fans will follow you to wherever you go next?
Well, they've told me they will. So I am hoping they will keep true to their words. I guess time will tell.
So, I'm curious. Based on the success of Rocketboom, a lot of people are starting video blogs. What advice would you give them?
To make sure that they stick to a regular schedule. If they are going to be up Monday through Friday every week, be up and have a video blog out Monday to Friday every week. Or if you can only commit to weekly or monthly just make sure that you do what you say you're going to do and also take it down a notch and be casual. Don't try to be television because video blogs aren't Internet TV. They're video blogs, and they are much more candid, much more personal.
At the same time, only a few will create successful video blogs. Do you think it's hard for people to believe that maybe it's not quite as easy as it looks?
I think that it's just about creativity. If you have creativity and you have determination and focus, you can make a good video blog. I think it's about doing something that you feel that you are an expert at. What I would recommend for anyone trying to start a video blog is, anything that you feel you know a lot about, that's probably the best topic for you to explore.
Rocketboom - Joanne Colan - "Hottest Woman On the Planet" Replaces Amanda Congdon Today
Andrew Baron hired Joanne Colan to replace the departed Amanda Congdon at Rocketboom. It's now called Rocketboom 2.0, but who's Joanne Colan?
Joanne Colan is "the hottest woman on the planet" according to this blogger. She's also the former MTV Europe VJ, and formerly the music/DJ curator at Table 50.
Her Linkedin bio explains...
Joanne Colan has 7 years experience hosting, writing, co-producing and creating broadcast television and radio for major networks and cable channels across international markets.
From 2000-2004, Joanne was an MTV Networks Europe VJ. She wrote, co-produced and hosted Top 20 Countdown, MTV News, MTV Movie Special and hosted live international events e.g. MTV Europe Music Awards, MTV Presents, MTV's Winterjam. Chosen to front the pan-European MTV brand, Joanne's shows were broadcast to over 124 million households in over 50 countries & territories.
Joanne generated top ratings for MTV. Responsible for MTV's European Top 20, she won Best European Satellite Music Programme in 2001 voted by viewers in the What Satellite UK & Europe TV Poll.
Joanne also fronted MTV's World Aids Day Campaigns in the US & South Africa for MTV's news; social awareness divisions.
In 2003, Joanne was instrumental in launching MTV France, hosting the flagship show, MTV Crew, the first ever locally produced live French language MTV France show.
Bilingual in French/English, Joanne worked for TF1, France's premier Network. The channel devised "At 18" for Joanne, a travel show focusing on young adults' lives in lesser known cultures in Armenia, Algeria, Lenanon & Iran. Travelling with a 2 person crew, Joanne delivered in depth personal profiles and rare location coverage under often hostile and unlikely circumstances.
Since the start of her television career, Joanne has built a warm working relationship with favorite British institution, the BBC. Working in the UK as host, writer, researcher and production coordinator for both BBC Radio and BBC Television.
Joanne's first Rocketboom episode was a good one. It starts with her sporting a hockey mask and Andrew Baron sitting on the floor acting as if he's lost his marbles over the whole Amanda episode. Then Joanne goes into Rocketboom on-the-street-host action and does a good job, immediately showing her bli-lingual talent.
I understand that Joanne is also a published vocalist. Joanne's new blog is at http://joannecolan.net .
She's also in this YouTube video...
NFLPA Hedge Fund Scandal - The Word From Kelly McKean at Blue Corner
To get more in-depth answers on the NFLPA Hedge Fund Scandal, I turned to my friend Kelly McKean, who's the founder and Principal of Blue Corner.
Blue Corner is a boutique marketing and capital introduction firm based in San Francisco. They specialize in building relationships with clients who use the services offered by independent research analysts and both alternative and traditional investment managers.
The firm was founded on the belief that by combining industry best practices with integrity, professionalism and hard work, that they can deliver tangible results to their clients.
1. Kelly, what is a hedge fund?
A private investment vehicle whose manager receives a significant portion of its compensation from incentive fees tied to the fund's performance -- typically 20% of annual gains over a certain hurdle rate, along with a management fee equal to 1% of assets.
The funds, often organized as limited partnerships, typically invest on behalf of high-net-worth individuals and institutions. Their primary objective is often to preserve investors' capital by taking positions whose returns are not closely correlated to those of the broader financial markets.
Such vehicles may employ leverage, short sales, a variety of derivatives and other hedging techniques to reduce risk and increase returns. The classic hedge-fund concept, a long/short investment strategy sometimes referred to as the Jones Model, was developed by Alfred Winslow Jones in 1949.
2. What, if anything, can the NFL PA do to recover their losses?
The assets for the rogue hedge fund have been frozen -- I suppose a judge will decide how the assets are returned to investors on a pro-rata basis.
3. The players are suing the NFL PA. Can they win?
I cannot speculate the answer to this. If the Players Association did not perform proper due diligence on the fund, they could be liable.
Superman Returns...As O.J. Simpson
Now before you get into a tizzy, I'm not implying that O.J, Simpson killed his wife. I don't believe he did. But he did do something that Superman does in Superman Returns, and so they have at least one action in common.
To determine what that is, read on.
I came into the theater wanting to like Superman Returns before I saw it. In other words, I came with a bias. I'm one of those who remembers watching the black-and-white "Superman" TV show as a kid. I was never really into the Superman comics, preferring Wonder Woman (!), but I did watch "The Super Friends" and "The Justice League of America" cartoons.
Then there was Richard Donnar's "Superman" -- a masterpiece of a film that launched the career of soap opera actor Christospher Reeve, who we think of as anything but now.
What made Superman an incredible film was that it was faithful to the character I and others of my generation remember as kids: the defender of truth, justice, and the American way.
And that doesn't go for invading Iraq.
In other words, Superman was part of my childhood. I never watched one episiode of the popular TV series "Lois and Clark" or "Smallville" for that matter. (Well, I did see one "Smallville" story, which was pretty good.) They don't present the Superman I remember.
In other words, I don't associate Superman with sex, child support, birth control, jealously, stalking, homelessness, or alcoholism. Yet Brian Singer's deals with all of these issues either directly or indirectly in Superman Returns.
A Work Not Marvelous, But I Do Wonder...
Superman Returns is the result of a 13-year collective quest to make a new Superman movie, an effort that seemed as if it was going to be stuck in development hell until it was saved by Director Brian Singer and Producer Chris Lee. Two years and $250 million later, Superman Returns was released on June 30, 2006.
Superman plays Brandon Routh, who like Reeve before him was a soap opera actor, and who basically looks like a cross between Reeve and Dean Cain from "Lois and Clark" -- he's more Reeve than Cain, to be sure. 23-year old Kate Bostworth takes on Lois Lane, a character set in Zeitgeist stone by Margo Kidder and Terry Hatcher.
The cast is rounded by the appearance of Frank Langella as Perry White, the editor of The Daily Planet. (As a momentary aside, Langella's getting a lot of work of late, and he's sinks his teeth into every role.)
Finally (at least for the purpose of this review) one of my favorite actors, Kevin Spacey, plays Superman's enemy, Lex Luthor.
The question is how does each actor do compared to the ones who've come before them. My answer: not bad at all. It's not the actors that are the problem, it's the material they're given.
It's terrible.
The story goes like this: Superman crash land on Earth -- and right onto his adopted mother's farm -- after a five year absence. Apparently astronomers discovered the remains of Krypton so Superman went back to investigate the find for himself. After all it's his home planet.
The trouble is he left without telling anyone where he was going -- except his Mom. So after enjoying some sleep in a comfortable bed at home and a game of "fetch" so unfair to the dog the canine gives up, Clark Kent returns to Manhattan -- opps, Metropolis -- and to his old job at the newspaper The Daily Planet, courtesy of Editor-In-Chief Perry White.
Jimmy Olsen's there (played by Sam Huntington) as is Lois Lane, at least her chair's there; she's part of a press group on the maiden voyage of a Boeing 777 carrying a new Space Shuttle into the sky.
He's reacquainted with her after a spectacular scene segment -- hampered by one major flaw -- where Clark Kent / Superman saves the 777 from crashing into a baseball stadium after a midair malfunction directly related to the doings of Lex Luthor.
Clark Kent / Superman is obviously anxious to see Ms. Lane, but discovers that she's moved on. She's got a husband-to-be -- Richard, played by James Mardsen -- and a five year old kid with an asthma problem and a weird ability to throw pianos when excited. Right, five years old. When Clark Kent / Superman sees the photo of Lois new family and Olsen fills him in on the new beau, Kent cracks the picture frame in an anger he struggles to hide. This guys jealous, big time. But he's Superman, which means that he could do some damage if he gets pissed. Better a planet than a family, right?
When Clark Kent / Superman leans of the home address of Ms. Lane, he flies off as Superman to -- well, go there. He arrives and while floating in air, uses his X-ray vision to observe the activity of the Lane household. We and he see the action one room at a time, and I feel creepy. At this point, I started to put this segment together with the picture frame cracking accident and think of Clark Kent / Superman as...
O.J. Simpson.
Finally Clark Kent / Superman sees Lois and Richard in the kitchen and with his super hearing listens to her say she's not in love with Superman anymore. At this point, he hangs in the air for a moment just long enough to make you believe he may do something rash, like blow the house down. Just think if he caught them making love, which the segment seems to communicate the possibility of happening. What then? Pound his fist in anger hard enough to make them think there's an earthquake and stop?
Why the OJ comparison? Well, one thing he did was go to the home of the guy his wife was seeing and peer into his window while she was "doing it" with him. What did he do?
Well, both he and Clark Kent / Superman did get angry. In Clark Kent / Superman's case, he flew off to Earth orbit, crying.
He Can't Find A Home...
Clark Kent / Superman can't seem to find a place to live. On three occasions he says he's still looking for one. Never finds one. He just hangs in space listening to just about everyone on Earth, picking and choosing where he goes at any moment in time. That's fine, but it seems to take away from the responsible Clark Kent, who knows he needs a home and one would think a place to entertain other than the Fortress of Solitude. Instead we get the homeless Clark Kent.
On top of all that Clark Kent / Superman reacts with an annoying indifference to the kid he sires and this is where the material show it's problem of lack of passion. In real life, Clark Kent / Superman would have asked Lois why she wasn't on birth control or something. To be fair, he does sneak back to Lois home to see his kid, but then that's what bugs me yet again.
Why couldn't he have just asked Lois to see him?
Moreover, why didn't Lois invite him? I actually liked Kate Bostworth as Lois. She played the role of Lois as Mom real well.
I also liked Kevin Spacey's Lex Luthor, that is until he and his men beat up Superman / Clark Kent in a scene way too violent for the Superman movies.
$250 Million For This?
Finally, I come to the matter of the special effects that give shape to this movie. The airplane save scenes were really great. But the whole effect just plain fell apart for me when the 777 was in the baseball stadium. The face that it's not really there is obvious by the bleed lines between the aircraft and the real life stadium. It just takes away from the impact of the scene.
It left me wondering where the $250 million went. For that money, they should have been able to realize resolution so detailed the bleedlines were eliminated, but no. Yes, there's two scenes in King Kong that have the same problem, but they're minor and small in time, and way outnumbered by some jaw dropping effects, like Kong himself.
But in Superman Returns these bleedlines are everywhere, even on Superman himself as he flies. It was disappointing.
Do I Or Don't I Want A Sequel?
As I write this, Superman Returns is being clobbered at the box office. It has two problems: Pirates of The Carribean II and it's $250 million price tag. "Pirates" arrghed up $132 million in just a weekend. That would pay for 50 percent of the cost of Superman Returns, which has made $142 million in two weeks, and it's revenue gain is declining; it only took in $21 million last weekend, and with more flicks coming out, the number of screens it's on will shrink, making the breakeven target of $250 million harder and harder to reach. Ouch.
I believe Superman deserves a better movie life than this. Given what Singer brought to the screen this time, I'm not excited to see the sequel. But given the box office, getting one made may be hard to do.
The lesson here is clear. Don't mess with a kid's view of a comic book legend by making him less of a hero. Adults know heroes are flawed, but we don't want our childhood ones to be.
The Superman in Superman Returns is not the Man of Steel I remember as a kid; he's not the one I want to see today. Apparently, many agree.
Heck, I'll bet O.J would too.
Tuesday, July 11, 2006
NFLPA Hedge Fund Scandal
Two players are suing the NFL Player Association in a hedge fund scandal.
According to this Yahoo! Report:
"The two former NFL defensive backs insisted Friday that the league and its players' union are to blame for the $20 million they and five other current and former players lost in an alleged investment scam.
The seven players have sued the league and its union to recover the money, claiming the union endorsed the services of an investment firm even though its manager had liens against him.
According to authorities, Kirk Wright and his company collected as much as $185 million from at least 500 investors since 1997 and misled some of them to believe the value of those investments was increasing using false statements and documents. As recently as Jan. 25, the firm reported $166.6 million in assets spread across five hedge funds it manages and advises. That money is now missing, according to the SEC.
While Steve Atwater, 39, and Blane Bishop, 35, wouldn't disclose how much money they each lost, they said the scam has affected their lives and perhaps their futures, as they have relied on their NFL earnings for their retirements and vacations."
Geoffrey Rapp at The Sports Law Blog writes that..
The leading negligence case by an athlete against his own union is Peterson v. NFLPA, in which the court found for the NFLPA in an athlete's claim for misdirecting him to an "injury grievance" procedure when he ought to have filed a "non-injury grievance."
The court explained:
A union breaches its duty of fair representation only when its conduct toward a member of the collective bargaining unit is "arbitrary, discriminatory, or in bad faith." . . . The Supreme Court has long recognized that unions must retain wide discretion to act in what they perceive to be their members' best interests. . . . A union's representation of its members "need not be error free." . . . We have concluded repeatedly that mere negligent conduct on the part of a union does not constitute a breach of the union's duty of fair representation. . . . [A] union's unintentional mistake is "arbitrary" if it reflects a "reckless disregard" for the rights of the individual employee, but not if it represents only " simple negligence violating the tort standard of due care."
But there's no clear evidence in this new lawsuit that the NFL was trying to poorly invest funds. But according to Atwater and Bishop the NFLPA hired Wright without checking his background. Both players signed up for the NFLPA's Financial Advisor Fund , and that's how they were matched with Kirk Wright, who had been apprehended by authorities.
Will this have impact on the NFL's retirement fund? I don't think so. This was a program that some -- not all -- players particpated in, so it should have no impact at all on the total NFLPA retirement system. What should change is the NFLPA's way of evaluating hedge fund managers.
Oh..What is a hedge fund? It's bascially defined as a private investment fund or pool that trades and invests in various assets such as securities, commodities, currency, and derivatives on behalf of its clients, typically wealthy individuals. Some Commodity Pool Operators operate hedge funds, though there are many variations on this definition.
According to this Yahoo! Report:
"The two former NFL defensive backs insisted Friday that the league and its players' union are to blame for the $20 million they and five other current and former players lost in an alleged investment scam.
The seven players have sued the league and its union to recover the money, claiming the union endorsed the services of an investment firm even though its manager had liens against him.
According to authorities, Kirk Wright and his company collected as much as $185 million from at least 500 investors since 1997 and misled some of them to believe the value of those investments was increasing using false statements and documents. As recently as Jan. 25, the firm reported $166.6 million in assets spread across five hedge funds it manages and advises. That money is now missing, according to the SEC.
While Steve Atwater, 39, and Blane Bishop, 35, wouldn't disclose how much money they each lost, they said the scam has affected their lives and perhaps their futures, as they have relied on their NFL earnings for their retirements and vacations."
Geoffrey Rapp at The Sports Law Blog writes that..
The leading negligence case by an athlete against his own union is Peterson v. NFLPA, in which the court found for the NFLPA in an athlete's claim for misdirecting him to an "injury grievance" procedure when he ought to have filed a "non-injury grievance."
The court explained:
A union breaches its duty of fair representation only when its conduct toward a member of the collective bargaining unit is "arbitrary, discriminatory, or in bad faith." . . . The Supreme Court has long recognized that unions must retain wide discretion to act in what they perceive to be their members' best interests. . . . A union's representation of its members "need not be error free." . . . We have concluded repeatedly that mere negligent conduct on the part of a union does not constitute a breach of the union's duty of fair representation. . . . [A] union's unintentional mistake is "arbitrary" if it reflects a "reckless disregard" for the rights of the individual employee, but not if it represents only " simple negligence violating the tort standard of due care."
But there's no clear evidence in this new lawsuit that the NFL was trying to poorly invest funds. But according to Atwater and Bishop the NFLPA hired Wright without checking his background. Both players signed up for the NFLPA's Financial Advisor Fund , and that's how they were matched with Kirk Wright, who had been apprehended by authorities.
Will this have impact on the NFL's retirement fund? I don't think so. This was a program that some -- not all -- players particpated in, so it should have no impact at all on the total NFLPA retirement system. What should change is the NFLPA's way of evaluating hedge fund managers.
Oh..What is a hedge fund? It's bascially defined as a private investment fund or pool that trades and invests in various assets such as securities, commodities, currency, and derivatives on behalf of its clients, typically wealthy individuals. Some Commodity Pool Operators operate hedge funds, though there are many variations on this definition.
Monday, July 10, 2006
NFL 2006 How Will The Seattle Seahawks Do This Year?
It is said that each year that among the teams that get into the superbowl, the following year they don't even make the playoffs. We only need to point to the 86 Bears, 87 and 91 Giants, Etc Etc. But could this year be Different??
Could there be a Superbowl Rematch?? The Seahawks have one of the strongest rosters in football, and this could be iron Mike Holmgren's last hurrah... Seattle returns to The Big game...
Could there be a Superbowl Rematch?? The Seahawks have one of the strongest rosters in football, and this could be iron Mike Holmgren's last hurrah... Seattle returns to The Big game...
Rocketboom - Andrew Baron On Amanda Congdon And Their Problem - Video
In this vlog make At "CaseCamp" and which appears below this text, Andrew Baron, one of the two person founders of Rocketboom, explains that Amanda Congdon was his partner and both of them created Rocketboom two or three years ago. At the end of March 2006 it was "her and I doing pretty much everything."
By the end of that month they sold their first ad for $40,000 for one week; two days later they sold their second at at the same rate. Then Andrew reports that about three weeks prior to the making of this clip, and obviously the meltdown that led to it, they sold an ad for $80,000 for one week.
At the end of March, they started having problems, according to Baron. He sets up what he explains with a kind of preface that: "We're not really friends. We have a completely professional relationship. We're not even close socially. Everything started going down hill for all kinds of reasons."
He says that Amanda has always wanted to go to Hollywood pursue her professional acting career, even as Rocketboom was establishing a new way of getting news and entertainment -- vlogging. Baron says he was supportive of her desires from the begining of their relationship.
"But as time went on, Amanda became more antzy to get out there (to LA)," he claims. Meanwhile he says they both were trying to figure out how to "make this work" where Rocketboom could be produced in LA.
As time passed still, Amanda got even more anxious and Andrew more nervous because when he said "OK, let's go out to LA," she told him "Actually, I don't want you to go." She wanted him to stay in New York City. He said "Ok, but (even though) I'd prefer to stay in New York, I don't care where I live. If we have to go to Toronto (lol from audience) or something, I'd do it there."
Two weeks ago Amanda annouced that she was just going to leave for LA, and that she couldn't take it anymore. They talked about it and had -- as Baron said -- more communication problems. They needed a businesss partner and found one in someone who Andrew has known for a while and is a VP at Morgan Stanley (now to be informative to those who may get the wrong idea, VP at Morgan is not a high position, as they have SVPs and Regional Directors, CFOs, COOs, and so on)
At any rate, Amanda said "I'm moving next week, and Patrick said 'That will not work, we don't have the money." Then another check came in and it would take a month for it to clear the bank. Andrew and Patrick (I guess this is the business guy) were asking Amanda to just wait until the monies were in place but she "had to go now" as Andrew put it.
After that what Andrew described as "A little nightmare" unfolded. Their communication problems were such that they couldn't even talk any more. They "had a mediator come in" as Andrew explains, "and try to work it all out."
They had a large meeting, with Amanda and her parents on one side of the room, and Andrew and "we" as he put it (which I guess is the Rocketboom team) on the other side and a recording device in the middle.
Andrew says that they hit "another impass" on Tuesday night as reported to him by "Chuck" the mediator. Then on Wednesday, Andrew woke up to find an email sent from Amanda to the ten-person Rocketboom team which included the link to her video which all of you have seen, I guess, and which reports that "I've been fired" as Andrew says in the video.
He then goes on to report the message of Amanda's video: I wanted to go to LA. I can't. I'm stuck here at my parents with no money. I've got nothing.
Andrew says "I wake up and see this and oh my God. We've been negotiating for so long and there were always two possibilities." One was a way to make it work (It being the LA move). (Andrew didn't explain what the other possibility was; he jumped to his reaction to the Wednesday video by Amanda.)
"Now she's saying that I kicked her out."
Andrew explained that the real problem with the video she made was that all of Rocketboom's followers thought that Amanda was the face of the program and he was this evil business guy who got rid of her and gave her nothing, when it wasn't true. Andrew says that he thinks Amanda's an amazing business woman.
So Andrews looking at this and saying "This is not how I imagined this was going to turn out."
Andrew then says the two possibiliies were 1) work it out, or 2) not work it out, but design a way to "transition out" (I hate that term) of their relationship and get her to LA with some kind of contract in place.
Andrew says Amanda "Came in and stole the message. Totally twisted it up. I know I'm saying she twisted it up, but you all are thinking 'Well how do we know,.' and I'm saying that I'm not prepared to defend through all that."
Andrew said in his opinion Amanda reported the opposite of what really went down, and the whole Rocketboom team (I guess her brother too) was saying "Whoa she bailed on us and now she's saying she was fired."
Andrew believes he was "gyped" as he put it, because he's not the business guy and is now forced to tell his side of the story. He felt he had to respond because he was being painted as evil, and even as his sister was telling him not to fire back.
Andrew cracks, "Oh Amanda's the star and Jason Calicanis of Weblogs is giving her everything and you can be my star, and Andrew's well, he's just this dumb guy who.."
And that's when Andrew decided to put up the message that as of this writing is still on Rocketboom's home page.
Andrew essentially reports that his basic challenge is to remake Rocketboom and he's never been in this kind of position. Andrew says that events are starting to turn and people like Star Jones (@##$!!!) are producing a new spin on the entire matter.
"What I have to do is take control of the message," Andrew says. "The only way to make it through is,to..I'm not sure." He says that whomever he puts on Rocketboom on Monday is just not going to work and they would "throw tomatos" at them. It will have to be an interim host.
Andrew spent the rest of the time explaining the ideas they came up with for the Monday show -- which stlll isn't up yet. One of them was to do a segment on how they wanted Amanda back, but she's not coming back, so Rocketboom lives on.
Andrew was talked out of that.
The audience basically told Andrew that Monday was important in that he needs to show that he's moved on and that Rocketboom is viable.
I agree.
First, I think Andrew''s too worried about what people will think. He needs to just do it. Make the show. Second, as usual, the real truth is in the middle and we're starting to see that middle.
Amanda should have just waited and let Rocketboom grow. Unfortunately she was thinking too much about herself and not being a team player. More trajically, this episode is a grand example of what people -- most people -- do to thwart success. I've seen this time and again, and experienced it when I was working to bring the Super Bowl to Oakland.
When people who are involved in something that suddenly gains massive success, they want to "break it up" such that they have more 1) control and 2) money. It's always this dynamic at play. It always comes with people who are not experienced in life or business matters or both. They can't see a bigger picture from the "place" that caused the growth to begin with; they want to change the role so it's all about them.
Success is never all about one person. There's always a team behind it.
Amanda, here's my message to you: in the future, be patient and as the saying goes "When you're invited to the biggest dance of the year, you go with who 'brung ya." In this case, that person was indeed Andrew and you should have brung him to LA.
Be careful to always tell the truth, even if it doesn't make you look good. What you did was alter the story to create a fictional tale of good (you) and evil (Andrew). I think you owe him an appology.
Also, try to work within a team, even as your star status grows. You don't want to be marked as "hard to work with" so let this be a lesson.
Jason, here's your cautionary tale writ large. Buyer beware.
Andrew, move on and make the show. As of now, it's 10:08 PST and there's still no show at all. That means it's after 1 EST. What's up?
Just do it.
By the end of that month they sold their first ad for $40,000 for one week; two days later they sold their second at at the same rate. Then Andrew reports that about three weeks prior to the making of this clip, and obviously the meltdown that led to it, they sold an ad for $80,000 for one week.
At the end of March, they started having problems, according to Baron. He sets up what he explains with a kind of preface that: "We're not really friends. We have a completely professional relationship. We're not even close socially. Everything started going down hill for all kinds of reasons."
He says that Amanda has always wanted to go to Hollywood pursue her professional acting career, even as Rocketboom was establishing a new way of getting news and entertainment -- vlogging. Baron says he was supportive of her desires from the begining of their relationship.
"But as time went on, Amanda became more antzy to get out there (to LA)," he claims. Meanwhile he says they both were trying to figure out how to "make this work" where Rocketboom could be produced in LA.
As time passed still, Amanda got even more anxious and Andrew more nervous because when he said "OK, let's go out to LA," she told him "Actually, I don't want you to go." She wanted him to stay in New York City. He said "Ok, but (even though) I'd prefer to stay in New York, I don't care where I live. If we have to go to Toronto (lol from audience) or something, I'd do it there."
Two weeks ago Amanda annouced that she was just going to leave for LA, and that she couldn't take it anymore. They talked about it and had -- as Baron said -- more communication problems. They needed a businesss partner and found one in someone who Andrew has known for a while and is a VP at Morgan Stanley (now to be informative to those who may get the wrong idea, VP at Morgan is not a high position, as they have SVPs and Regional Directors, CFOs, COOs, and so on)
At any rate, Amanda said "I'm moving next week, and Patrick said 'That will not work, we don't have the money." Then another check came in and it would take a month for it to clear the bank. Andrew and Patrick (I guess this is the business guy) were asking Amanda to just wait until the monies were in place but she "had to go now" as Andrew put it.
After that what Andrew described as "A little nightmare" unfolded. Their communication problems were such that they couldn't even talk any more. They "had a mediator come in" as Andrew explains, "and try to work it all out."
They had a large meeting, with Amanda and her parents on one side of the room, and Andrew and "we" as he put it (which I guess is the Rocketboom team) on the other side and a recording device in the middle.
Andrew says that they hit "another impass" on Tuesday night as reported to him by "Chuck" the mediator. Then on Wednesday, Andrew woke up to find an email sent from Amanda to the ten-person Rocketboom team which included the link to her video which all of you have seen, I guess, and which reports that "I've been fired" as Andrew says in the video.
He then goes on to report the message of Amanda's video: I wanted to go to LA. I can't. I'm stuck here at my parents with no money. I've got nothing.
Andrew says "I wake up and see this and oh my God. We've been negotiating for so long and there were always two possibilities." One was a way to make it work (It being the LA move). (Andrew didn't explain what the other possibility was; he jumped to his reaction to the Wednesday video by Amanda.)
"Now she's saying that I kicked her out."
Andrew explained that the real problem with the video she made was that all of Rocketboom's followers thought that Amanda was the face of the program and he was this evil business guy who got rid of her and gave her nothing, when it wasn't true. Andrew says that he thinks Amanda's an amazing business woman.
So Andrews looking at this and saying "This is not how I imagined this was going to turn out."
Andrew then says the two possibiliies were 1) work it out, or 2) not work it out, but design a way to "transition out" (I hate that term) of their relationship and get her to LA with some kind of contract in place.
Andrew says Amanda "Came in and stole the message. Totally twisted it up. I know I'm saying she twisted it up, but you all are thinking 'Well how do we know,.' and I'm saying that I'm not prepared to defend through all that."
Andrew said in his opinion Amanda reported the opposite of what really went down, and the whole Rocketboom team (I guess her brother too) was saying "Whoa she bailed on us and now she's saying she was fired."
Andrew believes he was "gyped" as he put it, because he's not the business guy and is now forced to tell his side of the story. He felt he had to respond because he was being painted as evil, and even as his sister was telling him not to fire back.
Andrew cracks, "Oh Amanda's the star and Jason Calicanis of Weblogs is giving her everything and you can be my star, and Andrew's well, he's just this dumb guy who.."
And that's when Andrew decided to put up the message that as of this writing is still on Rocketboom's home page.
Andrew essentially reports that his basic challenge is to remake Rocketboom and he's never been in this kind of position. Andrew says that events are starting to turn and people like Star Jones (@##$!!!) are producing a new spin on the entire matter.
"What I have to do is take control of the message," Andrew says. "The only way to make it through is,to..I'm not sure." He says that whomever he puts on Rocketboom on Monday is just not going to work and they would "throw tomatos" at them. It will have to be an interim host.
Andrew spent the rest of the time explaining the ideas they came up with for the Monday show -- which stlll isn't up yet. One of them was to do a segment on how they wanted Amanda back, but she's not coming back, so Rocketboom lives on.
Andrew was talked out of that.
The audience basically told Andrew that Monday was important in that he needs to show that he's moved on and that Rocketboom is viable.
I agree.
First, I think Andrew''s too worried about what people will think. He needs to just do it. Make the show. Second, as usual, the real truth is in the middle and we're starting to see that middle.
Amanda should have just waited and let Rocketboom grow. Unfortunately she was thinking too much about herself and not being a team player. More trajically, this episode is a grand example of what people -- most people -- do to thwart success. I've seen this time and again, and experienced it when I was working to bring the Super Bowl to Oakland.
When people who are involved in something that suddenly gains massive success, they want to "break it up" such that they have more 1) control and 2) money. It's always this dynamic at play. It always comes with people who are not experienced in life or business matters or both. They can't see a bigger picture from the "place" that caused the growth to begin with; they want to change the role so it's all about them.
Success is never all about one person. There's always a team behind it.
Amanda, here's my message to you: in the future, be patient and as the saying goes "When you're invited to the biggest dance of the year, you go with who 'brung ya." In this case, that person was indeed Andrew and you should have brung him to LA.
Be careful to always tell the truth, even if it doesn't make you look good. What you did was alter the story to create a fictional tale of good (you) and evil (Andrew). I think you owe him an appology.
Also, try to work within a team, even as your star status grows. You don't want to be marked as "hard to work with" so let this be a lesson.
Jason, here's your cautionary tale writ large. Buyer beware.
Andrew, move on and make the show. As of now, it's 10:08 PST and there's still no show at all. That means it's after 1 EST. What's up?
Just do it.
Sunday, July 09, 2006
New York Giants Chad Morton Sues Leigh Steinberg and Dave Kim Over Loans
I post this to make this comment: David Kim should have set up a company with stock and given part of that to Morton, rather than a loan. That's just wasn't the best decision.
NFL's Chad Morton Sues Sports Agents Over Loans
The New York Giants' specialist says O.C.-based representatives haven't paid back $336,000.
By Dave McKibben, LA Times Staff Writer
July 8, 2006
NFL player Chad Morton has alleged in a lawsuit that his former sports agent, Leigh Steinberg, and an associate defaulted on a series of loans totaling $336,000.
Morton, a New York Giants return specialist who starred at USC, alleged in a suit filed in Orange County Superior Court last week that Steinberg and David Kim promised several times over three years to pay him back but did not.
Steinberg, whose offices are in Newport Beach, said he was a minority partner in SLL Enterprises, a company run by Kim, and was initially unaware that Morton had loaned SLL money.
"I was not involved in the initial transaction, and I only later became aware that the transactions had occurred," said Steinberg, who represented Morton until earlier this year. "When I did, I attempted to assist Chad in unraveling the situation."
Kim agreed that Steinberg knew nothing about the loans and said he intended to repay Morton.
Kim said he ran the U.S. operations for SLL, which stands for Steinberg, Lee and Lou, with the same Newport Beach business address as Steinberg's sports agency, Tollner, Moon & Steinberg. Kim, who worked at Steinberg's sports agency until earlier this year, said he met Morton while working in USC's athletic department.
He said the loans from Morton were to fund a chain of sports and entertainment ventures throughout China. But Kim said the businesses never got off the ground.
In court papers, Morton alleged that he loaned Kim and Steinberg $300,000 in June 2003.
When the money was not paid back seven months later, Steinberg and Kim offered to repay Morton by giving him a 5% stake in the China business venture, according to the suit. Morton said he agreed but grew frustrated because he was never shown documentation, and he asked for his money back, according to documents.
In December 2004, Morton alleges, the defendants bounced a repayment check of $175,000.
A month later, a $240,000 check from Kim was returned marked for insufficient funds, according to the suit.
NFL's Chad Morton Sues Sports Agents Over Loans
The New York Giants' specialist says O.C.-based representatives haven't paid back $336,000.
By Dave McKibben, LA Times Staff Writer
July 8, 2006
NFL player Chad Morton has alleged in a lawsuit that his former sports agent, Leigh Steinberg, and an associate defaulted on a series of loans totaling $336,000.
Morton, a New York Giants return specialist who starred at USC, alleged in a suit filed in Orange County Superior Court last week that Steinberg and David Kim promised several times over three years to pay him back but did not.
Steinberg, whose offices are in Newport Beach, said he was a minority partner in SLL Enterprises, a company run by Kim, and was initially unaware that Morton had loaned SLL money.
"I was not involved in the initial transaction, and I only later became aware that the transactions had occurred," said Steinberg, who represented Morton until earlier this year. "When I did, I attempted to assist Chad in unraveling the situation."
Kim agreed that Steinberg knew nothing about the loans and said he intended to repay Morton.
Kim said he ran the U.S. operations for SLL, which stands for Steinberg, Lee and Lou, with the same Newport Beach business address as Steinberg's sports agency, Tollner, Moon & Steinberg. Kim, who worked at Steinberg's sports agency until earlier this year, said he met Morton while working in USC's athletic department.
He said the loans from Morton were to fund a chain of sports and entertainment ventures throughout China. But Kim said the businesses never got off the ground.
In court papers, Morton alleged that he loaned Kim and Steinberg $300,000 in June 2003.
When the money was not paid back seven months later, Steinberg and Kim offered to repay Morton by giving him a 5% stake in the China business venture, according to the suit. Morton said he agreed but grew frustrated because he was never shown documentation, and he asked for his money back, according to documents.
In December 2004, Morton alleges, the defendants bounced a repayment check of $175,000.
A month later, a $240,000 check from Kim was returned marked for insufficient funds, according to the suit.
Saturday, July 08, 2006
Woman Asks For Santonio Holmes Charges To Be Dropped
There's always more to these than meets the eye -- here's proof
Woman asks for Holmes case to be dismissed
NFL.com wire reports
COLUMBUS, Ohio (July 7, 2006) -- The woman who was allegedly assaulted by Pittsburgh Steelers wide receiver Santonio Holmes has asked that charges against the former Ohio State star be dropped, his attorney said.
Holmes was arrested June 19 and charged with misdemeanor domestic violence and simple assault. The woman, the mother of one of Holmes' children, accused Holmes of choking her, throwing her to the ground, grabbing her arms and slamming her into a door, according to a Columbus police statement.
The woman has asked that the charges be dismissed, Sam Shamansky, Holmes' attorney, said after a pretrial conference in Franklin County Municipal Court.
The woman couldn't be reached for comment later. A telephone listing in her name has been disconnected.
City Prosecutor Stephen McIntosh said his office discussed the case with the woman and told her it is up to the prosecutor's office to decide how the case will be handled.
"We'll take into consideration her concerns and issues in trying to fashion what we consider a fair resolution," he said.
McIntosh and Shamansky said a deal is possible in the case. Shamansky has said Holmes is innocent.
A trial has been set for Aug. 15.
After his arrest, Holmes apologized for the negative attention the charges have brought to the organization.
It was his second arrest since being selected in the first round of the NFL draft in April. Holmes was arrested in Miami Beach, Fla., on a charge of disorderly conduct over Memorial Day weekend.
Holmes led the Buckeyes in receiving last season with 53 catches for 977 yards and 11 touchdowns.
Super Bowl XIX - 49ers 38; Dolphins 16 - Press Conference
This nine-minute video shows the press conference after Super Bowl XIX where the San Francisco 49ers defeated the Miami Dolphins 38 to 16 in 1984, and the presentation of the Lombardi Trophy to San Francisco 49ers Head Coach Bill Walsh and Owner Eddie Debartolo. It features the late NFL Commissioner Pete Rozelle, the late Dallas Cowboys Head Coach Tom Landry, a younger Al Michaels and Jim Lampley of ABC, and O.J. Simpson interviewing the losing coach, Don Shula.
It also has the late President Ronald Reagan asking Bill Walsh to come and help him deal with Congress.
It also has the late President Ronald Reagan asking Bill Walsh to come and help him deal with Congress.
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