The Briefing Room
General Category => Economy/Business => Topic started by: ABX on September 27, 2013, 04:39:19 pm
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Here’s a good example of how such outrageous greed works. Earlier this month, Vodafone agreed to sell its 45 percent stake in Verizon Wireless, to the tune of $130 billion. To quote Barron’s, “As it happens, the dividend will be eligible for preferential tax treatment.” Of course it will — the 1 percent writes the rules....
....Not a single African-American, Latino, or female bond firm will share in the $265 million in fees generated from the mammoth $49 billion bond offering Verizon will use to fund the cash portion of the transaction....
http://weaselzippers.us/2013/09/27/jesse-jackson-on-vodafone-selling-its-stake-in-verizon-wireless-racist/
We see where this is going. Jackson sees a $130 Billion transaction and decided he wants his cut.