BONUS POST

I am pleased to announce that my book: “The Education and Deconstruction of Mr. Bloomberg, How the Mayor’s Education and Real Estate Development Policies Affected New Yorkers 2002-2009 Inclusive” is available through the following online channels:

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The Incredible True Story of Blondy Baruti – BONUS POST

The Bonus Book of the Week is “The Incredible True Story of Blondy Baruti, My Unlikely Journey From the Congo to Hollywood” by Blondy Baruti with Joe Layden, published in 2018.

Baruti was born in Kinshasa, capital of the Democratic Republic of Congo (DRC) in the late 1980’s. When he was three, his father– a banker and government official– abandoned his mother, him and his older sister.

In the late 1990’s, eight countries in Africa engaged in an extremely ugly war, ultimately leaving five million dead. The armed, sociopathic sadistic fighters drugged young males and turned them into soldiers like themselves, and young females, into victims of rape and torture. Naturally, Baruti’s family, like millions of others, fled their homes.

The death rate for everyone in the country was ridiculously high, what with rampant disease, animal or human violence, starvation, etc. To push the point, Baruti wrote, “I was sick and exhausted, and sadly accustomed to the sight and smell of death and so I barely reacted [when a bomb hit a village his family was in].”

Read the book to learn how Baruti’s goal-oriented behavior, positive attitude, unwavering faith, great skills and passion for two activities– which are highly coveted careers– led him to get invaluable assistance with changing his lifestyle radically for the better.

BONUS POST

I am pleased to announce that my book: “The Education and Deconstruction of Mr. Bloomberg, How the Mayor’s Education and Real Estate Development Policies Affected New Yorkers 2002-2009 Inclusive” is available through the following online channels:

http://www.amazon.com/s/ref=nb_sb_noss_1?url=search-alias%3Dstripbooks&field-keywords=the+education+and+deconstruction+of+mr+bloomberg

http://booksamillion.com/search?id=5606815363948&query=the+education+and+deconstruction+of+mr+bloomberg&where=book_title&search.x=48&search.y=14

https://www.alibris.com/booksearch?keyword=the+education+and+deconstruction+of+mr+bloomberg&mtype=B&hs.x=26&hs.y=13

http://www.fishpond.co.nz/c/Books/q/the+education+and+deconstruction+of+mr+bloomberg?rid=1694205135

http://www.thenile.com.au/books/Sally-A-Friedman/The-Education-and-Deconstruction-of-Mr-Bloomberg/9781450099035/

http://www.shopireland.ie/books/search/the%20education%20and%20deconstruction%20of%20mr%20bloomberg/

http://www.ebooknetworking.net/books_detail-1450099033.html

http://www.booktopia.com.au/search.ep?keywords=the+education+and+deconstruction+of+mr+bloomberg&productType=917504

http://www.betterworldbooks.com/the-education-and-deconstruction-of-mr-bloomberg-H0.aspx?SearchTerm=the+education+and+deconstruction+of+mr+bloomberg

http://www.northtownbooks.com/search/apachesolr_search/the%20education%20and%20deconstruction%20of%20mr%20bloomberg

http://www.tatteredcover.com/book/9781450099028

http://www.textbookx.com/book/The-Education-and-Deconstruction-of-Mr-Bloomberg/9781450099028/

http://www.commongoodbooks.com/book/9781450099028

http://www.chegg.com/textbooks/the-education-and-deconstruction-of-mr-bloomberg-1st-edition-9781450099028-1450099025

http://www.bol.com/nl/p/the-education-and-deconstruction-of-mr-bloomberg/1001004011058757/

http://www.regulatorbookshop.com/book/9781450099028

http://www.wildrumpusbooks.com/search/site/Sally%20a%20friedman

http://www.kinokuniya.co.jp/f/dsg-02-9781450099035

Taken For A Ride

The Book of the Week is “Taken For A Ride, How Daimler-Benz Drove Off With Chrysler” by Bill Vlasic and Bradley A. Stertz, published in 2000.

This was a story not atypical in many ways, of any 1990’s merger between two big-name public companies. One difference, however, was that one was American (Chrysler), and the other, German (Daimler-Benz). Thus, there was the additional difficulty of minimizing employee friction in connection not only with the different corporate cultures, but with the different national cultures.

Another difference was that Daimler and Chrysler weren’t direct competitors– product-wise demographically or geographically, so there was little personnel duplication between them. So minimal employee layoffs were in order.

Initially, Kirk Kerkorian was a major shareholder of Chrysler. In April 1995, his group Tracinda made a tender offer for all of Chrysler, but unwisely publicly admitted it had yet to line up the financing for purchasing the company. The news brought out all the greedy stakeholders: Tracinda’s people, and institutional and individual shareholders of Chrysler. Other parties to the possible transaction included investment bankers, and consultants of various kinds– image, financial, M&A, and legal.

The media stoked public anger at Tracinda for its poor planning (which might have been deliberate, to rattle the target). The Wall Street Journal made the emotionally charged claim that Kerkorian would saddle Chrysler with a heavy debt load if his bid was successful. Of course, regardless of success, he knew he would boost Chrysler’s share price and make more money for himself.

There were various times when different male corporate leaders became angry at others, usually when they felt they had or were going to get, less power or money than they thought they deserved.

For example, anger was directed at Lee Iacocca, former turnaround artist of Chrysler around 1980. At the time of the Kerkorian affair, he was a paid corporate consultant to Chrysler but contracted with Kerkorian, too. So Chrysler revoked the stock options he still had. “He [Iacocca] was… madder than a hornet when he heard he would get only $42 million…”

By the mid-1990’s, auto industry executives knew their companies would be swallowed up by bigger ones if their own companies didn’t make acquisitions or team up with their competitors.

One other possible way to expand was to try to sell cars to Third World countries like Vietnam. However, the bulk of those Asians– who were still farming and fishing– would need to save their entire annual salaries for forty years (!) if they wanted to buy even the lowest-price Chrysler car, the Neon. Besides, their country still had few paved roads, anyway.

In summer 1997, the timing just happened to be right for Daimler and Chrysler to get together with a stock swap (rather than a tender offer– buying the stock from the shareholders to cash them out– make them no longer owners of the stock). Nevertheless, the months-long merger talks had to be kept secret because if the news was prematurely leaked, Chrysler’s stock price would skyrocket, making a deal prohibitively expensive.

Read the book to learn what, in summer 1999, prompted the following: “His aides had never seen Kirk Kerkorian so mad. In two days he lost almost $600 million on his Daimler Chrysler stock” plus all the other details of the whole story.