Richard Chimberg - Rich Chimberg, CL-Media Relations for Neuberger Berman

Neuberger Berman Lawsuit Googled by Neuberger Berman - what is Neuberger Berman Worried about

noreply@blogger.com (Crystal L. Cox) — Fri, 08 Jul 2011 20:59:00 +0000

Got a Tip on the Neuberger Berman Lawsuit ? Crystal@CrystalCox.com

New York, United States

IP Address:

Neuberger Berman (75.98.36.3)

Search Referral:

www.bing.com —
neuberger berman lawsuit

Visit Page:

www.ethicscomplaint.com/2010/08/neuberger-berman-llc-30-million-lawsuit.html

neuberger berman never hired economist

noreply@blogger.com (Crystal L. Cox) — Sat, 02 Apr 2011 19:52:00 +0000

New York, United States
Psinet (38.96.160.10) [Label IP Address]
www.richardchimberg.com/
www.richardchimberg.com/
www.google.com/search?hl=en&rls=com.microsoft%3Aen-us%3AIE-Address&q=neuberger berman never hired economist

Referrer	http://www.google.com/search?hl=en&rls=com.microsoft%3Aen-us%3AIE-Address&q=neuberger berman never hired economist&aq=f&aqi=&aql=&oq=
Search Engine Phrase	neuberger berman never hired economist
Search Engine Name	Google
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IP Address	38.96.160.10 [Label IP Address]
Country	United States
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Javascript

Goldman Sachs Company

noreply@blogger.com (Crystal L. Cox) — Sat, 02 Apr 2011 19:50:00 +0000

New York, United States
Goldman Sachs Company (12.47.208.50) [Label IP Address]
www.richardchimberg.com/2010/02/neuberger-berman-pr-richard-chimberg-of.html
www.richardchimberg.com/2010/02/neuberger-berman-pr-richard-chimberg-of.html

Richard Chimberg,

noreply@blogger.com (Crystal L. Cox) — Tue, 08 Feb 2011 18:15:00 +0000

Richard Chimberg,

Neuberger Berman very Interested in my Posts on Richard Chimberg and Neuberger Berman. What is Neuberger Berman interested in Today?

noreply@blogger.com (Crystal L. Cox) — Thu, 12 Aug 2010 23:14:00 +0000

Neuberger Berman PR Services - are You Interested?

Hmmm.. Neuberger Berman Sure interested in Posts on Richard Chimberg Today.

Remember back when Richard Chimberg PR Guy for Neuberger Berman emailed Investigative Blogger Crystal L. Cox (Me) and demanded I change a post on the Neuberger Berman Sale? Well since then Richard Chimberg has said no more to me and neither has in house PR Guy Randy Whitestone of Neuberger Berman.

I wonder How much Neuberger Berman pays Randy Whitestone and Richard Chimberg to do PR for them? I mean How Good Can Richard Chimberg and Randy Whitestone be if they do not even own their own dotcom, guess Randy Whitestone and Richard Chimberg were just riding the wave of the way things have always been and assume that their Cushy PR Jobs are safe..

I mean who could do better then Randy Whitestone and Richard Chimberg Right? Surely Richard Chimberg and Randall Whitestone have a handle on the Rumors Circulating about the now Infamous and Possibly Fraudulant Sale of Neuberger Berman.

So why is Neuberger Berman scouring my Industry Whistleblower Blogs Today? What is Neuberger Berman Looking for? Maybe Neuberger Berman wants to see if I Intent to write more on the Neuberger Berman Sale and the Possible Pending Lawsuits over the Neuberger Berman. I mean who knows why Neuberger Berman is on My Investigative Blogger Blogs today.

Somone from Manila, Philippines Today Searched "Neuberger Berman LLC "$30 million lawsuit" - So what's up with That.. There are so many Smoke and Mirrors with the Neuberger Berman Sale - the Bankruptcy of Lehman Brothers and well Let's Just Say if it Walks Like a A Duck... Well it's a Duck"...

The Depository Trust Company Brooklyn, New York Looking for "neuberger berman board of directors email address" - and Well they find my Sites on Neuberger Berman So What does Richard Chimberg and Randy Whitestone actually get Paid to do? Must be Neuberger Berman Press Releases, Smoke and Mirror Illusions to Pull S0mething over Somebody.. You would Think that a Hedge Fund.. or Really any Company worth over a Hundred Billion Dollars would Hire someone Better the Current Neuberger Berman PR Chumps..

Oh and someone at the California State University Searched "Neuberger Berman Scam" - So what is the Truth about Neuberger Berman and Just How many Billions was innocent Investors Scammed Out of in the Neuberger Berman Scam Sale of Smoke and Mirrors Illusions?

Got an Tips on Neuberger Berman,
Randy Whitestone, Lehman Brothers, Proskauer Rose
or Richard Chimberg?

If So email Email me, Crystal L. Cox -
Investigative Blogger - Crystal@CrystalCox.com

Richard Chimberg, Randy Whitestone and the Connection to Mad Dog Blogger Crystal L. Cox.

noreply@blogger.com (Crystal L. Cox) — Thu, 12 Aug 2010 22:59:00 +0000

Don't Forget Those of you Thinking that I write about Richard Chimber, Randy Whitestone, and Neuberger Berman to get a PR Job... just Keep in Mind I was Writing on Proskauer Rose, when Richard Chimber attacked me, and demanded I Change a Post on the Neuberger Berman Sale, which was not even my words but a Direct Quote I got from a Financial Site.

So Never Forget they Came to Me, I Refused to Remove the Post and then Richard Chimberg Begged.. thing his Richard Chimberg and Randy Whitestone get the big bucks and this information was out there for over a year.. before I post it in relation to Proskauer Rose and not to Expose any Corruption on the Part of Neuberger Berman. Though Richard Chimberg sure did make this Investigative Blogger Curious and since then well I have posted now and then as stories or tidbits come to me....

and also remember Richard Chimberg acted all Big Dicked and told me he was going to CC Randy Whitestone - some guy I had never heard of .. So Hey why not buy his dotcom too and get this PR Party Rockin' so now Randy Whitestone and Richard Chimberg PAID the big bucks for PR.. do not even Control their own Internet Presence...

So ... Now You Know..
"we didn't start the fire"
"it was all was burning"

Gannett Co. Vineland, New Jersey Searching Richard Chimberg - Randy Whitestone Associated Press.

noreply@blogger.com (Crystal L. Cox) — Thu, 12 Aug 2010 22:52:00 +0000

Gannett Co. Vineland, New Jersey Claims to be "an international media and marketing solutions company" - So is Neuberger Berman Looking to Hire Gannett Co. or is Randy Whitestone or Richard Chimberg Looking for a New PR Job?

Ben Abraham Associates Inc. Searching Richard Chimberg

noreply@blogger.com (Crystal L. Cox) — Thu, 12 Aug 2010 22:38:00 +0000

Is Richard Chimberg trying to get a Job with Ben Abraham Associates Inc. OR is Ben Abraham Associates Inc. Simply Snooping around about Richard Chimberg?

Here is what Ben Abraham Associates Inc. Website says about Ben Abraham Associates Inc.

"Ben-Abraham Associates focuses exclusively on the public relations and strategic communication needs of investment managers, wealth managers, commercial banks and other financial services companies.

Clients value our knowledge of the financial industry and our ability to create customized and compliance-sensitive communication programs that have a meaningful impact on business development and client retention.

Clients also appreciate our ability to provide sound counsel in response to, or anticipation of, sensitive issues that involve the media and/or other constituencies."

Hmmm So is Randy Whitestone, Neuberger Berman Looking to Hire another Super Duper Investment Manager PR Company?

Got a tip on Ben Abraham Associates Inc.
Email Investigative Blogger Crystal L. Cox
at Crystal@CrystalCox.com

Neuberger Berman very Interested in my Posts on Richard Chimberg and Neuberger Berman

noreply@blogger.com (Crystal L. Cox) — Thu, 12 Aug 2010 21:36:00 +0000

Xo Communications New York Searching Richard Chimberg - Bain Capital Connection

noreply@blogger.com (Crystal L. Cox) — Tue, 27 Jul 2010 00:34:00 +0000

loves this Link
http://www.richardchimberg.com/2010/02/lets-take-another-look-at-why-richard.html

Richard Chimberg
Bain Capital
Randy Whitestone

Richard Chimberg of CL-Media Relations LLC and Randy Whitestone of Neuberger Berman. Proskauer Rose and the Neuberger Berman Sale.

noreply@blogger.com (Crystal L. Cox) — Fri, 05 Mar 2010 04:55:00 +0000

When my Little PR Spat First Started With Richard Chimberg of CL-Media Relations LLC..

You Can Find that at the Link Below
http://www.richardchimberg.com/2010/02/lets-take-another-look-at-why-richard.html

Anyway at the Time I started researching What it is was that Richard Chimberg of CL-Media Relations LLC was so upset with the Difference between "Early Next Year" and May... well it became Obvious that a few months was a Big Deal to Someone.. next thing ya know..

Lehman Brothers hit those posts, and so did Proskauer Rose LLP... I had not really found the time to track down that interesting coincidence as to Why Proskauer Rose LLP was so interested in what I was writing about Richard Chimberg of CL-Media Relations LLC which led me to Randy Whitestone of Neuberger Berman, as Richard Chimberg used a PDF from him as his "Official Source" that I was to take as the "Official Media" or Story on the Neuberger Berman Sale.

I was still not Exactly sure WHOSE Ass Richard Chimberg of CL-Media Relations LLC and Randy Whitestone of Neuberger Berman were trying to Protect by Running that Bluff on me to Remove a Post or change it when the Source I got it from was Right there on the post and they did not remove it.

All this became so Curious to me - Crystal L. Cox - Industry Whistleblower and Investigative Blogger That I Continued digging to see what the big deal was about... turned out that there was over a 100 Billion Dollars in Investment Funds that Richard Chimberg of CL-Media Relations LLC and Randy Whitestone of Neuberger Berman were doing the PR For.. and Turns out they Don't Get Internet PR of the Modern Media Day and Age to well.

So still looking for answers on this I...Crystal L. Cox, Some Hillbilly in the Wilds of Montana not Knowing much about these 100 Billion Dollar Investment Funds and All... And Seeing that Lehman Brothers Holdings Inc. and Proskauer Rose LLP sure did like my post on Richard Chimberg of CL-Media Relations LLC and Randy Whitestone of Neuberger Berman, I Decided to Google .. "Neuberger Berman" "Proskauer Rose" -

Hmmm.. it is starting to Become Clearer to Me now just Whose ASS that Richard Chimberg of CL-Media Relations LLC and Randy Whitestone of Neuberger Berman were being Paid those Big Bucks to Protect. And just How Deep that Blogger Scat Is that Richard Chimberg of CL-Media Relations LLC Stepped In.

It is Still a bit unclear who got or hid, what on this deal.. who got that interest money on a 100 Billion Dollar Plus Investment that Closed in May 2009 and NOT in "Early 2009".

I wonder who got hundreds of millions of Dollars, Where it is and what is Really going on with this story... and why in the World would Richard Chimberg of CL-Media Relations LLC put Mad Dog Blogger Crystal L. Cox on the Scent of this Story by Emailing me and Demanding I remove or change a post that was a Direct Quote from a Financial News site, and the Change Richard Chimberg of CL-Media Relations LLC wanted me to make did not even make sense to me.

Did Richard Chimberg of CL-Media Relations LLC even Google Me Before he Attacked?

Did Randy Whitestone of Neuberger Berman know that Richard Chimberg was Emailing me and Throwing around the Name Randall Whitestone as If I Should Know who that is????

Did Richard Chimberg GET that I was simply Researching Proskauer Rose and that this Neuberger Berman thing WAS really no big thing to me, he would have... HAD Richard Chimberg done his homework. I sure hope he Does PR for FREE or as a HOBBY as I DO...

So What We have is Mystery around Possible Bankruptcy Corruption, Possibly FTC Fraud, or SEC Fraud... we have someone getting "undo riches" .. we probably have a Corrupt Bankruptcy Trustee in here somewhere and Some Serious Mis-Appriated Funds Probably now at Proskauer Rose Caribbean Division or Invested in the London Expansion...

I Don't Know what all this Means.. However With Proskauer Rose LLP Proskauer Rose Negotiating the Neuberger Berman Sale - you know there is Dirty Deals and Corruption Somewhere - I mean if Proskauer Rose Law Firm Can STEAL a Trillion Dollar Patent through a bankruptcy court proceeding ... well then it seems to me that Proskauer Rose LLP knows their way around The Bankruptcy Courts, the Bankruptcy Laws and Knows just who to Pay off in what Places.. in order get What Proskauer Rose Wants.

Stay Tuned for LOTS more on Just what Proskauer Rose LLP's Connection is to the Neuberger Berman Sale - REALLY and how much money they made, who hid what money where and What is Really Going on with all this...

Got a Tip ???
Crystal@CrystalCox.com
Crystal Cox Blogs

Proskauer Rose partners James Gerkis, Rima Moawad, Peter Samuels, Jeff Levitan, Mike Sirkin, Stuart Rosow and Mike Album represented

noreply@blogger.com (Crystal L. Cox) — Fri, 05 Mar 2010 04:53:00 +0000

Proskauer Rose partners James Gerkis, Rima Moawad, Peter Samuels, Jeff Levitan, Mike Sirkin, Stuart Rosow and Mike Album represented the management group in the Neuberger Berman Sale - Stay Tuned to This Blog for Lots More on Proskauer Rose LLP's Connections and Conflicts of Interest on the Neuberger Berman Sale.

Just Who is "The Management Group" - Names and Player... ??
Coming Soon..

All Good Bankruptcy Heists need a Cooperative Judge Right?

Well here on the Neuberger Berman Sale we have Bankruptcy Judge James Peck -
Few Links On Judge James M. Peck ...

http://www.bankruptcymisconduct.com/new/index.php/people/the-bitchslapper.html

"" Remember "Justice" is just in the title of a government department which is infiltrated with revolving door crime family members. Not all of the DOJ lawyers are corrupt. But enough of them are corrupt for all sorts of corruption to prevail.

Like when a "bitch slapper" escapes even a slap on the wrist. Hey feminists: Are you full of hypocrisy? Are the BigMedia writers who cover womens issues beholden to the powers that be? We can only wonder if main stream journalists are essentially silent on obvious corruption and hypocrisy in the Judiciary and prosecutors offices in exchange for money, or for get out of jail cards of their own.

“It’s tragic, but you can count on Judge Peck and his peeps to cover things up” Yeah, any time Pecker the BitchSlapper roughed up a hooker, he was protected. Of course, the time always comes to repay the neo-mafia a favor...

And in a simply shocking "coincidence", we find this great honorable man of wisdom, intellect, and temperament wrongly and unjustly juxtaposed against tangential allegations of an excessive discount to the buyers of assets in the largest bankruptcy case ever (surpassing even WorldCom in size, and perhaps fraud) in re: Lehman Brothers Holdings Inc., lead case number 08-13555, U.S. Bankruptcy Court, Southern District of New York in Manhattan.

It's a number of BigLaw bankruptcy lawyers who are arguing what smells like "teen fraud" about the windfall in the Barclay's Bonanza..

You really need to check out the Judge Peck Download Section. It seems some creditors figured out that the negotiators working for Lehman sold the assets at a discount so high that the non U.S. bank, Barclays PLC, got a windfall of up to $10 Billion dollars. Afterwards, a number of the "negotiators" got jobs at Barclays. Hmmm....

Judge James Peck ... said in June that it was "conceivable mistakes were made" in the Deal ""
Source
http://www.bankruptcymisconduct.com/new/index.php/people/the-bitchslapper.html
Seriously Awesome Website - Take a Good Hard Look

So who were this "Negotiators" ? Well Lead Attorney Fraternity with HUGE Connections in the NY Supreme Court and Basically so Many Connections that Above the Law" is a "Standard of Practice" - that Would be Proskauer Rose LLP.

And What Proskauer Rose Wants, Proskauer Rose Gets.

The Lehman Bankruptcy - the Judge Peck Download Page ... Click here .. Talks about Deliberate "Undisclosed $5 Billion Discount" and "Deliberate Understatement of Assets" - the Neuberger Berman Sale Reeks of Corruption and Dirty Deals. No Wonder Richard Chimberg PR Guy wanted to Shut me Up...

More on the Neuberger Berman Sale - Corrupt DOJ, Corrupt Judges, Back End Deals, Attorney Conflicts of Interest, Bankruptcy Court Corruption, Lehman Brothers Holding and ... at www.RandyWhitestone.com

posted here by
Crystal L. Cox
Investigative Blogger

Check Out www.BankruptcyMisconduct.com

and www.ProskauerSucks.com

Crystal Cox Blogs

FINRA Board To Address Allegations Of Mary Schapiro’s Misconduct

noreply@blogger.com (Crystal L. Cox) — Mon, 15 Feb 2010 08:18:00 +0000

Is Mary Schapiro a Fox in the Hen House ?

"" Are the wagons circling around Mary Schapiro and her former FINRA colleagues?
Regular readers of Sense on Cents are familiar with the issues and concerns I have raised repeatedly with Wall Street’s self-regulator, FINRA.

I continue to believe the issues embedded within this self-regulatory organization lie near the heart of what I deem the Wall Street-Washington nexus.

Perhaps America will learn more about these issues soon. Why?

Next week, FINRA’s Board of Directors will address alleged wrongdoings by Ms. Schapiro et al. What are the issues? Please review this release put out this morning highlighting a number of questions I have been asking for the last year.

Will the Board realize it ultimately needs to be accountable to ALL its member firms and, by extension, to the American public at large? Will the Obama administration compel the Board to provide the transparency America so badly wants?

FINRA MUST OPEN ITS BOOKS and RECORDS and ANSWER to AMERICA!!
FINRA BOARD TO CONSIDER ALLEGED WRONGDOING BY FORMER CHAIR MARY SCHAPIRO AND HER COLLEAGUES

Feb. 10 Closed Door Board Meeting to Consider Broker-Dealer’s Allegations
WASHINGTON, DC, February 4 - On February 10, 2010, the Board of Governors of the Financial Industry Regulatory Authority, Inc. (”FINRA”) will consider allegations of gross mismanagement set forth in a December 4, 2009 letter to the Board on behalf of Amerivet Securities, Inc. (”Amerivet”), a member of FINRA.

The letter demands that FINRA take action against Mary Schapiro and other senior FINRA executives to recover excessive compensation and unprecedented portfolio losses stemming from FINRA’s dismal 2008 regulatory and investment performance. In 2008, Ms. Schapiro’s last year as FINRA chair, that organization:

Failed to act against Bernard Madoff and Robert Allen Stanford, who perpetrated two of the largest Ponzi schemes in history;

Failed to act against large FINRA members Lehman Brothers, Bear Stearns and Merrill Lynch in connection with their roles in the subprime mortgage securities scandals;

Failed to warn investors about Auction Rate Securities (ARS) problems, after FINRA had liquidated its own ARS holdings in mid-2007, but before the ARS market “froze” and there were any public disclosures about the risks inherent in such “investments”;

Suffered nearly $700 million in loses;

PAID ITS SENIOR EXECUTIVES NEARLY $30 MILLION.
Broker-Dealer: “Schapiro and Colleagues Bilked FINRA of Millions”
Amerivet principal, Lt. Col. Elton Johnson (U.S. Army Reserve), an Iraq War combat veteran, stated:

“Despite President Obama’s call for accountability for wrongdoing, past and present, Mary Schapiro and her colleagues have thus far gotten away with bilking FINRA of tens of millions of dollars in 2008, even as that self-regulatory organization failed in its fundamental responsibility to protect investors, and FINRA sustained nearly $700 million in financial loses. It is ironic that Mary Schapiro received a salary more than 15 times that of a four star general, while FINRA was, by any measure, failing miserably.”

Whistleblower: FINRA “Definitely In Bed With Industry”
During his 2009 testimony, Madoff whistleblower Harry Markopolos told Congress that FINRA is “definitely in bed with the industry” and “[gets] an A+ for corruption.” Separately, a report from SEC Inspector General David Kotz quotes Bernard Madoff as referring to Ms. Schapiro as a “dear friend.”

Attorney Richard Greenfield added:
“The excessive compensation packages for the FINRA self-regulatory executives who failed to regulate represent cynical and hypocritical examples of the incestuous Wall Street-Washington relationships that have incensed voters across the United States.”

Amerivet is a small broker-dealer located in Moreno Valley, California and a member in good standing of FINRA. Lt. Col. Johnson has been an officer in the United States Army Reserve for 24 years.

He has completed two tours of duty in Iraq, he is currently on active military duty at Fort Irwin, CA, and he will soon begin preparations for deployment to Afghanistan later this year.

What will the Board do? For whom are they working?
High time we received real truth, transparency, and integrity. ""

Source of Post
http://www.dailymarkets.com/economy/2010/02/04/finra-board-to-address-allegations-of-mary-schapiros-misconduct/
mary schapiro
Mary Schapiro has had plenty of advanced warning to Help the Shareholders of Time Warner, Intel, Lockheed Martin,IBM, Sony, Warner Bros., AOL and More with an SEC Complaint Filed by Iviewit Technologies Owner Eliot Bernstein. Click Here to Read That SEC Complaint.

posted here by
Investigative Blogger
Crystal L. Cox
crystal cox whistleblower
More on the Trillion Dollar Iviewit Stolen Patent at
www.DeniedPatent.com and www.Iviewit.TV
mary shapiro sec - mary schapiro

There is so many Facts and Figures around the Neuberger Berman LLC Sale .it makes my head spin. Why Did The Carlyle Group really "Challenge" the Deal?

noreply@blogger.com (Crystal L. Cox) — Mon, 08 Feb 2010 05:03:00 +0000

November 16th 2008 News Archive of the Neuberger Berman Sale... Investigative Blogger Crystal L. Cox is looking to get to the bottom of Why PR Guy, Richard Chimberg is so Alarmed by a Post QUOTING a News Blog about the Neuberger Berman Sale and when it Really Closed - this Request of Immediate Action, Peeked the Blogger Curiousity of Industry Whistleblower and Investigative Blogger Crystal L. Cox -

SO if you have any information on the back end, secret deals, side deals - names - games and players behind the Neuberger Berman Sale.. or Why The Carlyle Group really "Challenged" the sale of the Neuberger Berman LLC Deal?

please Email your TIP to me at
Crystal@CrystalCox.com

"Sale of Neuberger Berman not quite a done deal

Carlyle, former chief of Neuberger challenge sale
By David Hoffman
November 16, 2008, 6:01 AM EST "

"Even though the sale of Neuberger Berman LLC of New York was thought to be a done deal more than a month ago, the company is still in limbo as an auction process drags on — one that could damage to the firm's value, according to industry experts.

A former subsidiary of Lehman Brothers Holdings Inc. of New York, Neuberger was orphaned when Lehman went belly up in September.

Private-equity firms Bain Capital Partners LLC of Boston and Hellman & Friedman LLC of San Francisco announced Sept. 29 that they were going to acquire Neuberger for $2.15 billion in partnership with its portfolio managers, the management team and senior professionals.

But that deal was challenged by The Carlyle Group, a Washington-based private-equity firm, and former Neuberger chief executive Jeffrey Lane.

The process that resulted in the Bain/Hellman & Friedman deal was flawed and did not allow Lehman to get the best deal possible for Neuberger, Carlyle and Mr. Lane argued. As a result, the U.S. Bankruptcy Court in New York on Oct. 17 approved a new auction, which ends Dec. 1.

The tussle can't help but hurt Neuberger. Theoretically, a floor of $2.15 billion has been set as the asking price. But given the fact that all asset managers, including Neuberger, have been hemorrhaging assets in volatile markets these last few months, "I wonder how permanent that floor really is," said Burton Greenwald, a Philadelphia-based mutual fund consultant.

Not including money market funds, Neuberger saw $615.97 million come out of its funds in October, and $302.07 million leave in September, according to Morningstar Inc. of Chicago.

Adding to concerns, two managers recently left the firm.

Milu Kromer, co-manager of the $451 million Neuberger Berman International Fund (NBISX), left the company for New York-based value manager Cramer Rosenthal McGlynn LLC. And Steven Brown, lead manager of the $41 million Neuberger Berman Real Estate Trust (NBRFX), left for American Century Investments of Kansas City, Mo. ""

Click Below to Read Source Document
http://www.investmentnews.com/article/20081116/REG/311179977

I wonder what the Above Document Said BEFORE the "Corrections" were made, I wonder what the CORRECTION were and if Randall Whitestone and Richard Chimberg were involved at all.

Ok so we have Bankruptcy Courts, we have International Funds, we have a possible deal that was selling Neuberger for Less then it's worth but Stopped by Mr. Lane - there is So Much Intrique here - I just have to Know more... Please Email me More to This Story - Crystal@CrystalCox.com I SMELL hundreds of millions of SOMEONES money in the wrong hands.. hmmm.. well I will just have to wait and see ..

Old School Media King Richard Chimberg and Randy Whitestone Do NOT own their Dot Com.. WHY?

noreply@blogger.com (Crystal L. Cox) — Mon, 08 Feb 2010 03:50:00 +0000

What if you Represented a 160 Billion Dollar Company
with your Super Duper PR Abilities ?

Ok so say you are Doing PR for Billion Dollar Companies.. oh and not ONE Billion but say around 160 Billion - and Say you like to brag about your Business Experience, and what you can offer to These Billionaire Companies in the Way of PR and Media Relations. ... Ok Say that you have been in the Media Relations business for around hmmm.. gee .. I don't know 25 years.. and this new fang led thing jumped up called the Internet?

Would you Embrace this new medium or discount it as a Passing Fad. And if you were a pretty big deal in the PR business for Financial Companies and this new Modern Media starting emerging, what would be the first thing you would do? Would you buy a computer? Talk to the Grandkids or the Kids and see how this thing works? Would you tell your clients.. oh Yeah I get this new media.. got a handle on it.. HIRE Me to Represent you Billion Dollar Hedge fund, I got ya Covered... (Wink and Nod) and then what.. you go learn all you can and away you go to writing articles and linking those PDF documents that look so official.. your the Spokesman for A mult-Billion Dollar Company... surely you must have missed something in that last decade...

Hmmm.. gee I am a Big Deal, I know that, I have Billionaire Clients so I must know what I am doing in the Media Relations Business.. hmm.. geeeeee I just know I am forgetting Something.. now what is it.. Oh Yeah to Buy RichardChimberg.com for $10 to build my Online Brand and let my Billionaire Clients know that I really do know what I am a doin' on this here computer stuff. Oh no .. it is to late now because I tried to run a bluff on an Investigative Blogger before I had researched her and now she bought my dot com.

Now what do I do.. I sure Stepped in it.... Well I know.. I will Just Ignore it.. Surely in this new Media Ignoring an Issues - or say a Non-Fact is Really the Best Way to Handle it Right?

Smart Ass Banter Brought to you by
Crystal L. Cox
Investigative Blogger...

Lehman posts deep loss, to sell assets

noreply@blogger.com (Crystal L. Cox) — Sat, 06 Feb 2010 03:00:00 +0000

September 2008 News..

"Sweeping steps fail to reassure investors, shares drop

By MarketWatch
SAN FRANCISCO (MarketWatch) -- Rushing to mollify investors who have slashed its share price in half this week, Lehman Bros. Holdings Inc. said Wednesday it would sell billions of dollars of assets -- including a majority stake in its prized asset-management arm -- as the company reported a quarterly loss of nearly $4 billion.

The moves are New York-based Lehman's latest attempts to avoid collapsing under the weight of bad mortgage loans and other credit issues that have already done in Bear Stearns and driven Fannie Mae and Freddie Mac into government conservatorship. See MarketWatch First Take commentary.

The moves, which also included a 93% dividend cut, are designed to calm nervous investors who drove Lehman shares sharply lower during Tuesday's trading session.

But Wednesday's steps fell short on this front. After trading higher in the morning Lehman's shares fell sharply ahead of the close after debt ratings agency's Moody's and Standard & Poor's put the company's ratings on review.

Moody's said it might have to cut Lehman's ratings unless the brokerage concluded a strategic transaction with a strong financial partner. See full story.
Shares of Lehman /quotes/comstock/11i!lehmq (LEHMQ 0.07, +0.00, +1.27%) ended the session with a 7% loss, closing at $7.25, after having rallied as much as 19% earlier in the session.
"Part of yesterday's sell-off had to do with the unknowns surrounding Lehman," said Frank Ingarra, co-portfolio manager of the Hennessy Funds.

"I don't think they're out of the woods yet," he added, saying Wednesday's moves "didn't calm investors' fears."

As the credit crisis sparked by the collapse in the U.S. real-estate market tears it way through the financial sector, attention has quickly moved beyond Bear Stearns, Fannie and Freddie, with the focus now on Lehman and its ability to stay in business.

Lehman and other global financial-services firms have reported more than $500 billion in losses since the credit crisis began a little more than a year ago. The industry has also cut more than 100,000 jobs in the face of shrinking business.

Earlier Wednesday, Lehman reported a net loss of $3.9 billion in the third quarter ended Aug. 31, after taking a gross mark-to-market loss of $7.8 billion.

The company also said it had cut its annual dividend to 5 cents a share from 68 cents a share and would spin off its commercial-real-estate holdings to shareholders while selling a majority stake in the Neuberger Berman investment-management division.

Ingarra thinks Lehman announced an auction of part of the investment-management business because no party was willing to meet the asking price, and that it hopes an auction will raise the price.

He called Neuberger Lehman's "crown jewel."

"If people want to get into the investment-management business, this is the way to do it. But I wonder who has the capital to meet Lehman's asking price."

To Read the Rest of the Article Click the SOURCE Below
http://www.marketwatch.com/story/lehman-plans-to-jettison-assets-quarterly-loss-hits-39-billion
Crystal Cox
Posted by Industry Whistleblower Crystal L. Cox
More on the Lehman Brothers, Richard Chimberg and Neuberger Berman at
www.RandyWhitestone.com and at www.RichardChimberg.com
Richard Chimberg
Randall Whitestone

Lehman to sell stake in key investment division

noreply@blogger.com (Crystal L. Cox) — Sat, 06 Feb 2010 02:57:00 +0000

""NEW YORK - Lehman Brothers, in a desperate bid to survive, announced plans Wednesday to sell a majority stake in its prized investment management business and said a sale of the entire company was possible.

Lehman, battling the nation’s worst financial crisis since the Depression, also said it would spin off a troubled real estate unit and slash its dividend. Those moves come as the nation’s fourth largest investment bank reported an almost $4 billion third-quarter loss, boosting its losses so far this year to about $6.5 billion.

The plan was aimed at raising capital and regaining investor confidence in the 158-year-old firm.

It was also seen as a reconstruction of Lehman Brothers, which has been devastated as the housing slump evolved into a global credit crunch in the past year. Pressure has been mounting on Chief Executive Richard Fuld to save the firm from the same fate that felled rival Bear Stearns Cos.

Fuld, the longest serving CEO on Wall Street, rescued Lehman Brothers from the fallout of the Russian credit crisis and collapse of Long-Term Capital Management hedge fund in the late-90s. This time, he’s hopeful the actions will “de-risk and resize” the company but concedes the only company he’s ever worked for could be sold entirely.

“If anybody came with an attractive proposition that was compelling for shareholder value, it would be brought to the board, discussed with the board, and evaluated,” Fuld told investors on a conference call. “We remain committed to examining all strategic alternatives to maximize shareholder value.”

The company said it will auction a 55 percent stake of the investment management business, which includes fund manager Neuberger Berman that it bought in 2003. Fuld said the firm was in late-stage talks with potential buyers for the business, which analysts value at up to $10 billion for the entire business.

Lehman will also spin off $25 billion to $30 billion of commercial real estate investments into a separate publicly traded company, to be called Real Estate Investments Global, in the first quarter of 2009. Financial regulators forced Lehman to mark down the value of those assets on its books, but those same restrictions will not be placed on the new company.
Investors got more bad news after the company slashed its dividend to 5 cents per share from 68 cents per share in a move that will save an estimated $450 million a year. ""

Source of Quote and to Read More
http://www.msnbc.msn.com/id/26637911/

Neuberger Berman High Yield Strategies Fund declares increased February distribution of USD0.11

noreply@blogger.com (Crystal L. Cox) — Sat, 06 Feb 2010 02:56:00 +0000

coming soon

Spokesperson Richard Chimberg,

noreply@blogger.com (Crystal L. Cox) — Sat, 06 Feb 2010 02:53:00 +0000

"... Today, Casey Quirk is seeing more demand from Japanese investment managers working on their investment strategies in Japan, and Australian managers looking to strengthen their positions in their home market — “those types of projects have become a much bigger part of our business over the last couple of years,” Mr. Quirk said.

Mr. Phillips' experience in those markets, his “skill sets,” should be “very complementary to our growth strategy,” accelerating the firm's evolution as a global organization — a process that should see the company adding more people “with strong global experience, (and) eventually putting people on the ground overseas,” Mr. Quirk said.

Mr. Phillips will be based in Boston.

Jefferies Putnam Lovell won't be replacing Mr. Phillips, said Richard Chimberg, a spokesman for the investment bank. Putnam Lovell wishes him “continued success” as a partner “with one of the leading strategic consultants in the investment management industry ... and we look forward to working on projects with Ben and his colleagues at Casey Quirk,” Mr. Chimberg said.""

ok so we know that ... means there is more to the document above the Direct Quote and well here is that source..
http://www.pionline.com/article/20080804/PRINTSUB/742983357

posted by
Crystal L. Cox

Facing a big loss, Lehman will sell majority stake in investment management unit

noreply@blogger.com (Crystal L. Cox) — Sat, 06 Feb 2010 02:44:00 +0000

Quote...

"NEW YORK — Lehman Brothers, the investment bank in an all-out fight for its survival, said Wednesday that it expected a third-quarter loss of $3.9 billion, or $5.92 a share, after $5.6 billion in write-downs.

The investment bank also said that it would spin off the majority of its remaining commercial real estate holdings into a new public company to be owned by Lehman shareholders.

And it confirmed plans to sell a majority of its investment management division in a move that it expected to generate at least $3 billion and perhaps more.

Lehman still hopes to receive a majority of the net income from the unit by retaining higher-margin businesses like its stakes in individual hedge fund groups.

After initially jumping on the news, Lehman shares fluctuated in morning trading and were up 2 cents at $7.81 in late trading in New York.

The new decline came after Lehman's stock lost nearly half its value Tuesday as investors feared it was running out of options to raise capital and shore up its ailing balance sheet.

Shares in Lehman, a major underwriter of mortgage-related securities during the credit boom, are down more than 90 percent since hitting their peak last year, before the subprime mortgage crisis.

The tepid reaction to Lehman's announcements suggested that investors were eager to hear fewer words from Lehman and see more action.

"To decrease investor uncertainty, Lehman must have a definitive agreement by Monday to either sell its profitable asset management business, Neuberger Berman, sell a large portion of its subprime real estate exposure, reduce its leverage ratios or line up a deep-pocketed buyer to either buy the company outright or take a significant ownership stake - a lot to accomplish in three working days," said Mark Williams, a management professor at Boston University.
Lehman said Wednesday that it hoped to complete the spinoff of about $32 billion in commercial mortgage assets by early next year.
Among other decisions, Lehman also said that it would cut its annual dividend to 5 cents a share from 68 cents and that it remained committed to examining "all strategic alternatives to maximize shareholder value."
"This is an extraordinary time for our industry, and one of the toughest periods in the firm's history," the chief executive, Richard Fuld, said. "The strategic initiatives we have announced today reflect our determination to fundamentally reposition Lehman Brothers by dramatically reducing balance sheet risk, reinforcing our focus on our client-facing businesses and returning the firm to profitability."

On a conference call, Fuld said Lehman had been tested many times in the past and survived.
"This firm has a history of facing adversity and delivering. We have a long track record of pulling together when times are tough and taking advantage of global opportunities," he said on a conference call. "We are on the right track to put these last two quarters behind us."

Analysts said the planned spinoff reflected the poor state of the commercial mortgage markets.
"It's not a good sign," said Brad Hintz, an analyst with Sanford C. Bernstein. "It's really a sign of the illiquidity in the markets - that no one wants to buy these assets."
And others warned that Lehman would face questions about how it assigned assets to the new company.
"What's a bad asset, and what's a good asset, and what's in the middle?" said Jonathan Macy, a professor at the Yale Law School. "There have got to be judgment calls."

Macy also expressed concern about what options the new company might have to put the bad assets back onto Lehman's books.

Lehman's announcement came a day after the bank's shares plunged 45 percent after reports that its efforts to secure a strategic investment from Korea Development Bank had failed. Investors also feared that the U.S. government would not bail out Lehman as it has the mortgage giants Fannie Mae and Freddie Mac and the investment bank Bear Stearns.

Lehman has been struggling amid growing losses on its commercial and residential real estate holdings. It has been shopping its prized investment management division, which includes Neuberger Berman. People with knowledge of the auction say Lehman has asked for final bids to be submitted by this weekend.

Lehman has been under heavy pressure since the collapse of Bear Stearns, as investors believe its heavy reliance on mortgage-related underwriting and trading could lead it to suffer the same fate that forced Bear Stearns into an emergency sale to JP Morgan Chase.

Lehman has steadfastly said that its balance sheet remained much stronger than Bear Stearns's ever was and that it continued to have access to an emergency lending facility put in place by the Federal Reserve after Bear Stearns's near collapse.

But the plunge Tuesday of Lehman shares fanned worries about the troubles plaguing the broader financial industry and sent the Standard & Poor's 500-stock index tumbling 3.4 percent. The decline more than wiped out the market's rally on Monday, when stocks surged after the weekend rescue of Fannie Mae and Freddie Mac.

There has been a growing sense on Wall Street that Lehman may have to solve its problems on its own. Since March, Lehman has been in a fight for its life, as some investors, including prominent short-sellers betting against the bank's stock, questioned how the firm was valuing some of its assets. Lehman lost $2.8 billion in the second quarter and was forced to raise $6 billion in new capital. But investors were not placated, and the firm was compelled to explore more extreme measures.

Fuld has replaced the head of virtually every major division, including the firm's president and chief financial officer. He has also replaced the global head of fixed income - the division from which most of Lehman's problems have arisen - twice.

But with every measure taken, Lehman's stock price has fallen further.
Michael J. de la Merced and Louise Story contributed reporting. "

Link to Quote Source, Full Article and More on this Topic
http://www.nytimes.com/2008/09/10/business/worldbusiness/10iht-lehman.4.16050480.html

posted by
Crystal L. Cox
Industry Whistleblower

SKBA Capital,SEI Collective Investment Fund,

noreply@blogger.com (Crystal L. Cox) — Sat, 06 Feb 2010 02:39:00 +0000

more coming soon

New private equity fund enters market

noreply@blogger.com (Crystal L. Cox) — Sat, 06 Feb 2010 02:35:00 +0000

"" " February 01, 2010
02:00PM

By Avihu Kadosh
Mark Bahiri, managing partner at the new Emerald Creek Capital Amidst harsh credit requirements and financial uncertainty, some smaller entities are trying to gain market share by offering instant liquidity for perplexed borrowers.

A good technique, according to Mark Bahiri, managing partner at the new Emerald Creek Capital, is to be quick when analyzing and finalizing loan deals. To that end, Bahiri and Mark Penna of asset management firm Neuberger Berman launched a private equity fund "to try and capitalize on the lack of liquidity in the marketplace," he said. "Banks just stopped lending and we're seeing a lot of opportunities out there."

Bahiri, who formerly worked at Madison Realty Capital, opened Emerald Creek Capital last October. The direct bridge lender has nine full time employees, and provides anywhere from $1 million to $20 million in loans with a 10 to 13 percent interest rate. Emerald secures it with a first lien position.

Since its inception, the firm has done three deals -- one in Long Island, one outside New Haven and one in Texas, plus a deal in the works in Atlanta, Ga.

With the Connecticut deal, Bahiri said his national firm, based at One Penn Plaza in Manhattan, fielded a call from a borrower who had more than 60 percent of the $2.8 million purchase price for a 50,000-square-foot shopping center, but was unable to come up with the other 40 percent.

The buyer was nine days away from losing his 10 percent deposit when Emerald put in the rest to make the deal happen.

"I got into the car the next day, saw the property, got an idea of the general value and got the deal approved within a week," Bahiri said. "

Source of Quote
http://therealdeal.com/newyork/articles/emerald-creek-capital-new-private-equity-fund-enters-market

posted by Industry Whistleblower
Crystal L. Cox
Richard Chimber Blog...

Neuberger bulks up Asia-Pacific presence with Henchman, Gunns

noreply@blogger.com (Crystal L. Cox) — Sat, 06 Feb 2010 02:35:00 +0000

Neuberger Berman Real Estate Securities Income Fund Inc.

noreply@blogger.com (Crystal L. Cox) — Sat, 06 Feb 2010 02:34:00 +0000

Lehman Plans Neuberger Auction, Real Estate Spinoff

noreply@blogger.com (Crystal L. Cox) — Sat, 06 Feb 2010 02:29:00 +0000

""" Sept. 10 (Bloomberg) -- Lehman Brothers Holdings Inc., reporting the biggest loss in its 158-year history, said it will sell a majority stake in its asset-management unit, spin off commercial real-estate holdings and cut the dividend in an effort to shore up capital and regain investor confidence.

Lehman rose in New York trading after posting a $3.9 billion third-quarter loss on $5.6 billion of writedowns, worse than the $2.2 billion loss analysts had predicted.

The company said it's auctioning off about 55 percent of the asset- management group, including fund-manager Neuberger Berman, and didn't name potential bidders.

The real-estate spinoff is expected to be completed in the first fiscal quarter of 2009, according to a statement today.

``They are saying `we are fine now,' and that's buying them time to negotiate for that additional capital,'' Brad Hintz, an analyst at Sanford C. Bernstein in New York and former Lehman finance chief, said in a Bloomberg Television interview. ``They will need capital as part of the spinoff.''
Pressure on Lehman's Richard Fuld, the longest-serving chief executive officer on Wall Street, mounted yesterday after talks with Korea Development Bank ended, sending the shares tumbling 45 percent. Fuld is striving to convince investors that the fourth-largest U.S. securities firm will stem losses as housing prices decline. He and his management team also must keep clients and employees from leaving the company.
``This is an extraordinary time for our industry and one of the toughest periods in the firm's history,'' Fuld, 62, said in the statement.
Default Protection
Lehman gained 31 cents, or 4 percent, to $8.10 at 9:45 a.m. in New York Stock Exchange composite trading, as the cost to protect against a default by Lehman rose to a record. Credit- default swaps on Lehman jumped 75 basis points to 550 basis points as of 9:12 a.m., according to broker Phoenix Partners Group. That approached a previous peak of 580 basis points in March after the collapse and emergency sale of Bear Stearns Cos. to JPMorgan Chase & Co.

The global credit-market meltdown has led to more than $500 billion of writedowns and credit losses since it began a year ago, sending financial shares around the world swooning. Lehman, the worst performer on the 11-company Amex Securities Broker/Dealer Index this year, has lost 88 percent.

The New York-based securities firm moved its third-quarter earnings announcement up a week after a person familiar with the matter said yesterday that talks with state-owned Korea Development had ended, causing the stock to sink.

BlackRock Deal
Lehman is ``formally engaged with'' with BlackRock Inc., the biggest publicly traded U.S. fund manager, to sell about $4 billion of the investment bank's U.K. residential mortgage holdings, according to today's statement. Lehman said the transact
ion would help reduce the firm's stake in home mortgages by 47 percent to $13.2 billion.
Lehman had about $65 billion in mortgage-related assets at the end of the second quarter. Most of the portfolio, about $40 billion, was tied to commercial real estate.

The firm said it plans to spin off $25 billion to $30 billion of commercial real estate investments into a separate publicly traded company, to be called Real Estate Investments Global, in the first quarter in 2009. Lehman also said it will cut its dividend to 5 cents per common share from 68 cents.

``It's still this incrementalism that I think ultimately Wall Street's not going to be very satisfied with,'' Chuck Carlson, a portfolio manager at Horizon Investment Services in Hammond, Indiana, said in a Bloomberg Television interview. ``Lehman is trying to cling to the fact that they came come out of this independent and I'm not so sure that that's going to be the case.''

KKR, Bain
The Wall Street investment bank has been in talks with Kohlberg Kravis Roberts & Co., Bain Capital LLC and other private-equity firms interested in buying its asset-management unit.
Fuld blundered by not getting out of mortgage securities fast enough after the U.S. housing market began to crumble last year, said Richard Bove, an analyst at Ladenburg Thalmann & Co. Fuld also moved too slowly to bring in a capital infusion from outside investors, Bove said.

``The opportunity has been there, but the lack of willingness to deal on Fuld's part has been huge,'' Bove said.

Once the biggest U.S. underwriter of mortgage-backed securities, Lehman was stuck with the assets after two Bear Stearns hedge funds that invested in the instruments collapsed in July 2007, causing the market to freeze.

Job Cuts
The ensuing credit contraction ultimately led to the takeover of Bear Stearns, once the fifth-biggest U.S. securities firm, by JPMorgan for $10 a share in a deal backed by the U.S. Federal Reserve. Banks and brokerages, trying to reduce costs as revenue dried up, have cut more than 110,000 jobs.

Standard & Poor's said yesterday it may lower its A1 long- term rating on Lehman because the ``precipitous decline'' in the share price creates uncertainty about the firm's ability to raise additional capital. S&P said Lehman's liquidity is ``sound,'' noting the firm has the ability to borrow from the Federal Reserve.

Bear Stearns, which was the fifth-largest U.S. securities firm, was forced to sell itself or face bankruptcy as clients pulled their funds and other firms refused to trade with it. Bear Stearns was the largest underwriter of mortgage-backed assets for three years before 2007, when Lehman displaced it in the rankings.

The Fed agreed to take on $32 billion of mortgage assets from Bear Stearns's books to enable the sale of the firm to JPMorgan.

CEO Casualties
The credit crisis has claimed the jobs of at least 10 CEOs so far, including James ``Jimmy'' Cayne, who had led Bear Stearns since 1983 and Charles O. ``Chuck'' Prince, Citigroup Inc.'s CEO since 2003.

Founded in 1850 by three Jewish immigrants from Germany, Lehman has managed to avert previous potential disasters and is now among the handful of U.S. financial firms that have endured for more than a century.

Lehman has been on the verge of collapse at least four times: in 1929, when the stock market crashed; in 1973, when the firm lost $6.7 million betting on interest rates; in 1984, when internal dissension led to a takeover by American Express Co.; and in 1994, when newly independent Lehman faced a capital shortage.

Lehman's second-quarter loss of $2.8 billion was its first as a publicly traded company.
Management Shuffle

``I hope Lehman doesn't succumb this time either because we're running out of investment banks,'' said Sean Egan, president of Egan-Jones Ratings Co. ``And it takes 100 years to create a good one.''

Fuld, who joined Lehman in 1969, attempted to shore up the firm's finances last quarter by raising $14 billion of capital, selling $147 billion of assets, increasing cash holdings and reducing its reliance on short-term funding to create a buffer against a possible bank run. He replaced his second-in-command, Joseph Gregory, with Bart McDade, a 49-year-old known within the firm for his cautious approach to risk taking. """

Source and Full Article
http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aqetYDRNUTMs

posted by Crystal L. Cox
Industry Whistleblower